The impact of Covid-19 on the UK labour market
The impact of the Covid-19 pandemic on the UK labour market is likely to be severe and sustained, with sharp falls in employment and downward pressure on wages. The impact will differ across different parts of the labour market and different types of worker.
This project will document these differing impacts and seek to explain them using the framework of labour market search frictions. The project will combine empirical and theoretical aspects of modern macroeconomics and labour economics. It will consider the impact of policy measures such as the Job Retention Scheme and the Eat-Out-To-Help-Out initiative.
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Identity, conflict, and conflict resolution in organisations
Conflicts are ubiquitous in day to day life. At any layer of the society, people engage in conflicts and expend costly resources in order to gain material benefits, or to achieve social recognition, or to avoid a loss. A prominent issue in this area is the effects of one’s identity on conflict behaviour and conflict outcome. Identity may have various dimensions. It can be measured through the lenses of income or wealth, gender, race, language, or specific abilities. Understandably, in many situations conflict and identity interplay. A conflict may produce a specific identify and an identity may instigate conflict.
We are interested in advancing our understanding in the area of the inter-relationship of identity and conflict, and investigate the possible measures for conflict resolution. In specific, we aim to build game theoretic models to understand the effects of identity in organisational conflict. The model should also predict how various policies, such as affirmative action, can be affected in the presence of identity and aim for appropriate conflict resolution mechanisms. We then aim to run laboratory experiments or collect field data to test and validate such theoretical predictions with econometric methods. These results should enhance our understanding of identity related conflict, and the mechanisms for conflict resolution.
Dr Subhasish M. Chowdhury, Reader
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The intersection of applied macroeconomics and corporate finance
This project is in the area of applied macroeconomics and corporate finance. Many theories have attempted to explain how firms finance their operations. These theories mainly discuss how firms in practice deviate from the Modigliani-Miller theory without considering the noisy signal coming from firm heterogeneity, investors’ beliefs and the macroeconomy.
The main aim of this project is to merge these streams of literature to improve our understanding around firm’s financing decision making. You'll need to have strong mathematical and computational skills. Knowledge of programming skills in MATLAB and Dynare is also required.
Dr Stylianos Asimakopoulos, Senior Lecturer
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