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Productivity and the Bonus Culture - Oxford Scholarship Online
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Productivity and the Bonus Culture

Andrew Smithers

Abstract

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 worse outcomes. The decline in growth has weakened the standing of liberal democracy both at home and internationally. The decline is entirely due to poor productivity combined with an unfavourable change in demography. The UK and the US have changed from having a demographic surplus in which the wor ... More

Keywords: Productivity, capital value, capital volume, incentives, behaviour, living standards, tangible investment, corporation tax, TFP

Bibliographic Information

Print publication date: 2019 Print ISBN-13: 9780198836117
Published to Oxford Scholarship Online: May 2019 DOI:10.1093/oso/9780198836117.001.0001

Authors

Affiliations are at time of print publication.

Andrew Smithers, author
Founder, Smithers & Co.

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