Abstract: The theory of compensating wage differentials originally developed by Adam Smith has only recently been assessed using labour market data. The following paper examines the relationship between job characteristics and earned income in Canada. The results indicate that workers in risky jobs do, ceteris peribus, receive financial compensation for the hazards they face on the job. This paper also includes a number of 'value of life' estimates derived from a hedonic earnings function.

Abstract: In Western, industrialised countries, houses are typically expensive in relation to average incomes so that their production and exchange are facilitated by extensive systems of finance as well as being a major source of profit for the suppliers of finance. Also typically, national financial systems have been, and continue to be, subject to fundamental changes. These can be expected to lead to a changed relationship between housing and financial markets, which will lead to further changes in both. In this paper, against a background of theoretical assessments of the consequences, recent and ongoing changes affecting financial markets in Finland are explored. It considers how these might affect Finland's home ownership market through possible developments in the availability of credit, subsidies and prices.

Abstract: The twin objectives of government have to be economic growth and equity. In terms of industrial policy this means that economic progress has to have a positive impact on the lives of people throughout Great Britain and not solely in the South East. This is reminiscent of economic debates in the 1960s, when as today the uneven rate of growth was seen as a constraint to the economy both in social and financial terms. Despite claims that British industry is now leaner and fitter than ever, the supply side of the economy has not been able to meet the upturn in growth without quickly reaching capacity constraints in both the labour and capital markets in the South East. A more balanced growth pattern, involving all the nation's resources, is necessary to redress these issues.

Abstract: A guide to the use and interpretation of labor market data (employment, unemployment, and wages). Important statistical sources are surveyed and their histories outlined.

Abstract: This paper attempts to describe and analyze the extent of problems in the Philippine financial system, their causes, regulatory and supervisory responses to such problems and the incidence of the costs of bank failures. These are all in the hope of providing lessons that are useful in formulating policies and measures to deal with the problems of the financial system.