Government scientists' pay

Do Scientists Pay to Be Scientists?

This paper explores the relationship between wages and the scientific orientation of R&D organizations. Firms who adopt a science-oriented research approach (i.e., “Science”) allow their researchers to pursue and publish an individual research agenda.. The adoption of Science may be associated with a “taste” for Science on the part of researchers (a Preference effect) and/or as a “ticket of adm...

Government Distortions, Bankers’ Pay and Excessive Risk

If debt markets can price the risk of projects accurately, then the interests of shareholders and the regulator diverge. Shareholders see their value maximised by an equity-rewarded executive. However we demonstrate that such executives destroy welfare by selecting excessively risky projects due to two types of government-induced distortions: the debt tax shield and the implicit too-big-to-fail...

Science and scientists in government, 1878-1896 -- Part II.

Health spending and ability to pay: Business, individuals, and government

Health care spending has grown almost twice as fast as has the gross national product since 1965. Various parties in the health care financing arena have been affected to different degrees by this rising health care spending. As discussed in this article, households, businesses, and government all have had to devote increasing shares of their resources to financing health care. Although busines...

Doctors v. government: the first major fight over pay.

Doctors refuse to compromise, says one side. The government cares more about its budget than patients, says the other side. Doctors have rejected a “very fair offer,” says a provincial health minister. Patients can’t wait for the government to balance its books, says a medical association. You know, this all sounds mighty familiar. Much of the rhetoric thrown around today in scuffles between go...