The public sector encompasses government-owned entities focused on serving the public interest, while the private sector generally consists of businesses aiming to generate profits. Employment regulations and benefits differ between the public and private sectors, with public-sector employees working under ...
Which, in the crypto sector, didn’t stop lots of weird projects getting off the ground, and a lot of wealth being redistributed (and some apparently made – with an emphasis on the “apparently”; it was close to the sort of stuff J K Galbraith was writing about when he coined the p...
(ii) Wage-setting institutions may differ between the private and the public sector (union density, collective bargaining, centralization, etc.). We proxy for the monopolistic power of governments with four variables. The first is the ratio of public employment over total employment, which accounts...
Asseburg and Homberg (2020) also point out that the public sector in many countries has become less attractive to highly qualified personnel who can choose between the public and private sectors. This may be related to the wage gap between the private and public sectors (Makridis, 2021), as...
Macroeconomically restrictions on public sector wage bills limit the counties’ ability to further absorb MOs into the public sector [20, 21]. While the Public Finance Management Act (2012) and subsequent 2015 supplement governing county budgets did not state the ceiling for HRH costs directly, th...
In this paper, we look at public- and private-sector wage interactions from an international perspective (18 OECD countries). We focus on the causal two-way relationship between public and private wage setting, confirming that the private sector, on the whole, appears to have a stronger ...
The public sector can approach new mobility services as potential partners for expanding access to sustainable transport in cities. To facilitate productive collaboration, we have outlined some of the issues that national leaders, transport...
Lockwood, Ben and Alan Manning (1993) ‘Wage Setting and the Tax System: Theory and Evidence for the United Kingdom’, Journal of Public Economics, vol. 52, pp. 1–29.CrossRef MacLeod, W. Ben and James M. Malcolmson (1993) ‘Investment, Holdup, and the Form of Market Contracts’, ...
The importance of strategic financial leadership in the UK public sector in a time of financial austerity About ACCA ACCA (the Association of Chartered Certified Accountants) is the global body for professional accountants. We aim to offer business-relevant, first- choice qualifications to people of...
CEPA – Cambridge Economic Policy AssociatesCambridge Economic Policy Associates (CEPA) is an economic and financial policy consulting business. Our staff advise both private and public-sector clients on issues where economics, finance and public policy overlap. ...