Productivity and the Bonus Culture
Productivity and the Bonus Culture
Smithers, Andrew
Oxford University Press
07/2019
190
Dura
Inglês
9780198836117
15 a 20 dias
438
2: What I seek to show
3: Poor productivity and damaging demography
4: The cause of poor productivity
5: Ageing populations
6: Other influences on growth
7: The problem of income inequality
8: Two models of growth
9: Investment and the stock of capital
10: Description of my model
11: The results of my model
12: Testing the proposed model
13: Investment, the capital stock, and economic policy
14: The bonus culture has raised the hurdle gate
15: The added impact of misinformation
16: Implications for growth
17: Management and shareholder interests
18: Distractions from serious debate
19: Deflation
20: The UK is similar to the US
21: Reversing perverse incentives
22: Changing the economic impact of current incentives
23: Misinformation adds to risks for the economy
24: The economic consequences of higher investment
25: Summary and conclusions
APPENDICES
A.1: The impact of real and nominal interest rates
A.2: Measurement of the net capital stock and depriciation in the UK and the US
A.3: The Gini Coefficient
A.4: The formulae for NTV
A.5: US profits as published are habitually overstated
A.6: The Balassa-Samuelson effect
A.7: Abolishing ACT caused a large rise in the effective rate of corporation tax
A.8: Why profit margins in mature economies are expected to revert to their mean
2: What I seek to show
3: Poor productivity and damaging demography
4: The cause of poor productivity
5: Ageing populations
6: Other influences on growth
7: The problem of income inequality
8: Two models of growth
9: Investment and the stock of capital
10: Description of my model
11: The results of my model
12: Testing the proposed model
13: Investment, the capital stock, and economic policy
14: The bonus culture has raised the hurdle gate
15: The added impact of misinformation
16: Implications for growth
17: Management and shareholder interests
18: Distractions from serious debate
19: Deflation
20: The UK is similar to the US
21: Reversing perverse incentives
22: Changing the economic impact of current incentives
23: Misinformation adds to risks for the economy
24: The economic consequences of higher investment
25: Summary and conclusions
APPENDICES
A.1: The impact of real and nominal interest rates
A.2: Measurement of the net capital stock and depriciation in the UK and the US
A.3: The Gini Coefficient
A.4: The formulae for NTV
A.5: US profits as published are habitually overstated
A.6: The Balassa-Samuelson effect
A.7: Abolishing ACT caused a large rise in the effective rate of corporation tax
A.8: Why profit margins in mature economies are expected to revert to their mean