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Private Equity Buyouts and Workplace Safety
This paper presents evidence of a large, persistent decline in establishment-level workplace injury rates after private equity (PE) buyouts of publicly traded U.S. firms. We find that firms experience fewer OSHA safety violations after buyouts and that a larger decline in injury rates is associated with an increased probability of exit via IPO. Employment reductions after buyouts are concentrated in relatively low-injury-risk establishments. Overall, our results suggest that buyouts improve workplace safety and that PE acquirers benefit from this improvement. We explore possible causes of these changes through interviews with executives of companies acquired in buyouts and through cross-sectional analysis.
Journal Article
New Labour and the European Union
A study of Tony Blair and Gordon Brown's failed attempt to sell the European ideal to the British people. Based on an exhaustive survey of New Labour's foreign policy speeches after 1997 and interviews with policy-makers involved in the formulation of New Labour's foreign policy.
eBook
A more equal society?
This major new book provides, for the first time, a detailed evaluation of policies on poverty and social exclusion since 1997, and their effects. Bringing together leading experts in the field, it considers the challenges the government has faced, the policies chosen and the targets set in order to assess results. Drawing on research from the Centre for Analysis of Social Exclusion, and on external evaluations, the book asks how children, older people, poor neighbourhoods, ethnic minorities and other vulnerable groups have fared under New Labour and seeks to assess the government both on its own terms - in meeting its own targets - and according to alternative views of social exclusion.
eBook
Revolution in family policy : where we should go from here
New Labour had a momentous impact on British family policy. It aimed to reduce poverty, improve child outcomes, break the cycle of deprivation and deliver social cohesion. In this book, Henricson asks whether these aspirations were met, or were indeed realisable, and formulates radical proposals for the future.
Book
The politics of freedom of information
This book explores the implementation of the UK's FOI law under Tony Blair, showing how the radical policy was weakened by compromises and clandestine agreements before reaching the statute book, though it went on to be controversial and disruptive nonetheless.
eBook
Who are we now? : stories of modern England
In this compelling book, Jason Cowley, editor-in-chief of the New Statesman, examines contemporary England through a handful of the key news stories of recent times to reveal what they tell us about the state of the nation and to answer the question 'Who Are We Now?' Spanning the years since the election of Tony Blair's New Labour government to the aftermath of the Covid pandemic, the book investigates how England has changed and how those changes have affected us. Cowley weaves together the seemingly disparate stories of the Chinese cockle-pickers who drowned in Morecambe Bay, the East End Imam who was tested during a summer of terror, the pensioner who campaigned against the closure of her GP's surgery and Gareth Southgate's transformation of English football culture and embrace of progressive patriotism.
Book
Parental and child time investments and the cognitive development of adolescents
While a large literature has focused on the impact of parental investments on child cognitive development, very little is known about the role of the child’s own investments alongside that of the parents. By using the Child Development Supplement of the Panel Study of Income Dynamics, we model the cognitive production function for adolescents using an augmented value-added model and adopt an estimation method that takes account of unobserved child characteristics. We find that a child’s own investments made during adolescence matter more than the mother’s. Our empirical results appear to be robust to several sensitivity checks.
Journal Article