Productivity and the bonus culture /
Living standards in the UK and the US are in danger of falling. In the past change has brought disruption with the offsetting reward of higher living standards from growth. Today we have disruption without reward. The resulting voter dissatisfaction encourages populist policies which threaten even w...
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| Format: | eBook |
| Language: | English |
| Published: |
Oxford ; New York, NY :
Oxford University Press,
2019.
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| Edition: | First edition. |
| Subjects: | |
| Online Access: | Connect to the full text of this electronic book |
Table of Contents:
- The legacy of the financial crisis
- What I seek to show
- Poor productivity and damaging demography
- The cause of poor productivity
- Ageing populations
- Other influences on growth
- The problem of income inequality
- Two models of growth
- Investment and the stock of capital
- Description of my model
- The results of my model
- Testing the proposed model
- Investment, the capital stock, and economic policy
- The bonus culture has raised the hurdle rate
- The added impact of misinformation
- Implications for growth
- Management and shareholder interests
- Distractions from serious debate
- Deflation
- The UK is similar to the US
- Reversing perverse incentives
- Changing the economic impact of current incentives
- Misinformation adds to the risks for the economy
- The economic consequeences of higher investment
- Summary and conclusions
- Appendices
- Glossary
- Bibliography
- Index.