Shared Modes of Compensation and Firm Performance: UK Evidence.

This paper examines the use and consequences of shared compensation plans (profit sharing, profit related pay, SAYE schemes and company stock option plans) in a sample of UK workplaces and firms in the 1990s. The use of these plans has increased over time, in part in response to government programs. The evidence shows that companies and workplaces adopting shared compensation practices have had higher productivity than other firms, but the effects vary among programs, suggesting that the particulars matter a lot in aligning shared compensation and work place activities. Consistent with incentive theory, the evidence also shows that firms and workplaces with shared compensation practices have a higher incidence of shared decision-making/information sharing practices.

The first-passage area for drifted Brownian motion and the moments of the Airy distribution

An exact expression for the distribution of the area swept out by a drifted Brownian motion till its first-passage time is derived. A study of the asymptotic behaviour confirms earlier conjectures and clarifies their range of validity. The analysis also leads to a simple closed-form solution for the moments of the Airy distribution.Comment: 13 page

Growth and characterization of materials for tunable lasers in the near infrared spectral region

During this reporting period, work proceeded in two directions. The first was the development of crystal growth procedures for rare earth doped LiYF4 crystals. The procedures for growth and pre-growth treatment of starting materials for undoped LiYF4 crystals were established and good optical quality materials were grown. A significant amount of time was spent trying to establish the optimum growth parameters for Yb(3+)-doped crystals. Unfortunately, it has proven difficult to obtain large size boules of high optical quality crystals of LiYF4 with doping concentrations of Yb(3+) of several percent. Because of these problems, this research is to be changed to attempt doping with other trivalent rare earth ions such as Ho, Er, and Tm. The second research area was investigating the potential of LiNbO3:Mg,Cr and LiNbO3:Mg,Cr,Yb as possible laser materials. The results are summarized

The Effects on Stature of Poverty, Family Size and Birth Order: British Children in the 1930s

This paper examines effects of socio-economic conditions on the standardised heights and body mass index of children in Interwar Britain. It uses the Boyd Orr cohort, a survey of predominantly poor families taken in 1937-9, which provides a unique opportunity to explore the determinants of child health in the era before the welfare state. We examine the trade-off between the quality (in the form of health outcomes) and the number of children in the family at a time when genuine poverty still existed in Britain. Our results provide strong support both for negative birth order effects and negative family size effects on the heights of children. No such effects are found for the body mass index (BMI). We find that household income per capita positively influences the heights of children but, even after accounting for this, the number of children in the family still has a negative effect on height. This latter effect is closely associated with overcrowding and particularly with the degree of cleanliness or hygiene in the household, which conditions exposure to factors predisposing to disease. We also analyse evidence collected retrospectively, which indicates that the effects of childhood conditions on height persisted into adulthood.child health, heights, poverty

Fertility Decline and the Heights of Children in Britain, 1886-1938

In this paper we argue that the fertility decline that began around 1880 had substantial positive effects on the health of children, as the quality-quantity trade-off would suggest. We use microdata from a unique survey from 1930s Britain to analyze the relationship between the standardized heights of children and the number of children in the family. Our results suggest that heights are influenced positively by family income per capita and negatively by the number of children or the degree of crowding in the household. The evidence suggests that family size affected the health of children through its influence on both nutrition and disease. Applying our results to long-term trends, we find that rising household income and falling family size contributed significantly to improving child health between 1886 and 1938. Between 1906 and 1938 these variables account for nearly half of the increase in heights, and much of this effect is due to falling family size. We conclude that the fertility decline is a neglected source of the rapid improvement in health in the first half of the twentieth century.fertility decline, heights of children, health in Britain

The Effects on Stature of Poverty, Family Size and Birth Order: British Children in the 1930s

This paper examines effects of socio-economic conditions on the standardised heights and body mass index of children in Interwar Britain. It uses the Boyd Orr cohort, a survey of predominantly poor families taken in 1937-9, which provides a unique opportunity to explore the determinants of child health in the era before the welfare state. We examine the trade-off between the quality (in the form of health outcomes) and the number of children in the family at a time when genuine poverty still existed in Britain. Our results provide strong support both for negative birth order effects and negative family size effects on the heights of children. No such effects are found for the body mass index (BMI). We find that household income per capita positively influences the heights of children but, even after accounting for this, the number of children in the family still has a negative effect on height. This latter effect is closely associated with overcrowding and particularly with the degree of cleanliness or hygiene in the household, which conditions exposure to factors predisposing to disease. We also analyse evidence collected retrospectively, which indicates that the effects of childhood conditions on height persisted into adulthood.child health, heights, poverty

Fertility Decline and the Heights of Children in Britain, 1886-1938

In this paper we argue that the fertility decline that began around 1880 had substantial positive effects on the health of children, as the quality-quantity trade-off would suggest. We use microdata from a unique survey from 1930s Britain to analyze the relationship between the standardized heights of children and the number of children in the family. Our results suggest that heights are influenced positively by family income per capita and negatively by the number of children or the degree of crowding in the household. The evidence suggests that family size affected the health of children through its influence on both nutrition and disease. Applying our results to long-term trends, we find that rising household income and falling family size contributed significantly to improving child health between 1886 and 1938. Between 1906 and 1938 these variables account for nearly half of the increase in heights, and much of this effect is due to falling family size. We conclude that the fertility decline is a neglected source of the rapid improvement in health in the first half of the twentieth century.fertility decline, heights of children, health in Britain