Tagged: Labour economics

Prison labour - The Dismal Science

Eric Crampton Aug 18, 2015

Salient's Emma Hurley asked me for comment on the economics of prison labour. Victoria University contracts with one of the prisons for laundry services, and the prisoners are not there paid very much. She asked me whether that's acceptable and whether it has negative effects on the rest of the economy.Her story is here. She didn't wind up having … Read More

Do old people hurt growth? - The Dismal Science

James Zuccollo Apr 16, 2015

A new paper (PDF) claims that ageing populations will hinder growth by both dis-saving and dragging down innovation, thus reducing productivity. Using a VAR model, they relate the age structure to measures of growth, saving, investment, and other macroeconomic variables over the 1990-2007 period. They use those coefficients to predict the effect of demographic change […] … Read More

Performance pay for the public sector? - The Dismal Science

James Zuccollo Jan 22, 2015

In December last year The Work Foundation released a comprehensive review of performance-related pay in the public sector: PRP schemes can be effective in improving outcomes across the three public services for which evidence is available (health, education and the civil service), although the central conclusion is that the outcomes from PRP are mixed, which […] … Read More

No shirking from home, please! - The Dismal Science

James Zuccollo Jan 08, 2013

Working from home massively increases productivity: Over 10% of US employees now regularly work from home (WFH), but there is widespread skepticism over its impact and worries about “shirking from home”. We report the results of a WFH experiment at CTrip, a 16,000 employee NASDAQ-listed Chinese multinational. Call center employees who volunteered to WFH were [...] … Read More

Should student loans be bigger? - The Dismal Science

James Zuccollo Nov 21, 2012

I share Holly Walker’s concern about the plight of post-graduate students. She is disturbed by a new survey showing that [post-graduate students] committed to finishing their study highlight[ed] concerns about being able to provide basic needs for themselves without access to the [recently cut student] allowance, such as food and shelter. As Matt has discussed [...] … Read More

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