Privately financed capital in public services
Article Abstract:
Private finance is to be increasingly used for public sector projects in the United Kingdom, with the relaxation of rules relating to leasing, public borrowing and the value-for-money test. The Private Finance Initiative (PFI) has the backing of a number of groups such as the construction industry, but there has been little analysis of its impact. Financing costs are higher, and the question is whether this is offset by gains in operational efficiency. There are also questions relating to risk, the extent to which it is shifted to the private sector, and whether such a shift ought to take place.
Publication Name: The Manchester School of Economic and Social Studies
Subject: Social sciences
ISSN: 0025-2034
Year: 1997
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Wage profiles: shapes and variations
Article Abstract:
Wage profiles in Japan show a steep slope over time, but this is less true for the UK and other economies. The government plays a less important role in worker welfare in Japan than in the UK. Japanese companies offer welfare programs to compensate for this, and the family has also declined as a source of security in Japan. Wages have to be seen in the context of a country's system of institutions as a whole in order to make a complete analysis.
Publication Name: The Manchester School of Economic and Social Studies
Subject: Social sciences
ISSN: 0025-2034
Year: 1997
User Contributions:
Comment about this article or add new information about this topic:
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