Dept of Economics at Oxford University

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        Margaret Stevens  -  Home Page                       


Current Position:  University Lecturer in Economics, and Fellow and Tutor in Economics at Lincoln College.

Research Interests: 
Labour Economics
: wage determination and labour contracts;  equilibrium search and matching models;  human capital theory; vocational training policy. Public Economics: provision of public services; health; education.

Working Papers:

"An Empirical Study of Sales Rates and Prices in Impressionist and Contemporary Art Auctions" (with Orley Ashenfelter and Katy Graddy)

Publications:

"New Microfoundations for the Aggregate Matching Function", forthcoming, International Economic Review, 2007.

"The Impact of School Inputs on Student Performance: an Empirical Study of Private Schools in the United Kingdom" (with Katy Graddy), Industrial and Labor Relations Review, 58(3), pp.435-451, 2005 (link to earlier version).

"The Assessment: Education" (with Steve Machin) Oxford Review of Economic Policy, v. 20(2), pp. 157-172, 2004.

"Wage-Tenure Contracts in a Frictional Labour Market: Firms' Strategies for Recruitment and Retention", Review of Economic Studies, v. 71(2), pp 535-551, 2004 (link to earlier version).

"Earnings Functions, Specific Human Capital and Job Matching: Tenure Bias is Negative", Journal of Labor Economics, v. 21(4), pp. 783-805, 2003 (link to earlier version).

"The Assessment: Financing and Managing Public Services" (with Paul Grout) Oxford Review of Economic Policy, v.19(2), pp. 215-234, 2003.

"Should Firms be Required to Pay for Vocational Training?", Economic Journal, v. 111, pp. 485-505, 2001 .

"Human Capital Theory and UK Vocational Training Policy", Oxford Review of Economic Policy, v.15(1), pp. 16-32, 1999.

"Transferable Training and Poaching Externalities", in A. Booth and D. Snower (eds), Acquiring Skills: Market Failures, their Symptoms, and Policy Responses, Cambridge University Press, 1996.

"A Theoretical Model of On-the-Job Training with Imperfect Competition", Oxford Economic Papers, v.46, pp. 537-562, 1994.

"An Investment Model for the Supply of Training", Economic Journal, v. 104, pp. 556-70, 1994.

"Labour Contracts and Efficiency in On-the-Job Training", Economic Journal, v.104, pp.408-20, 1994.


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