Property research

Permanent URI for this collectionhttps://hdl.handle.net/2164/551

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Measuring adaptation to non-permanent employment contracts using a conjoint analysis approach
(2007) Pouliakas, Kostas; Theodossiou, Ioannis
This study attempts to uncover the ‘real’ impact of temporary contracts on workers’ perceived job quality, prior to the psychological phenomena of adaptation, coping and cognitive dissonance coming into play. This is done by using a novel conjoint analysis approach that examines the ex ante preferences over different contract statuses of a newly generated sample of low-skilled employees from seven European countries. Other things equal, it is shown that the anticipated psychological ‘costs’ of moving from a riskless permanent contract to the insecurity of a temporary job or no work at all appear to be quite significant. In contrast, temporary employees, who have presumably already adapted to the circumstances surrounding a non-permanent contract, are found to be statistically indifferent between permanent and temporary employment, and request much smaller wage premiums in order to switch from one status to the other. The well-documented distress associated with joblessness is also confirmed in our data. The methodology developed here can provide policymakers with an alternative and relatively inexpensive method of quantifying the immediate impact of any shift in their employment policies.
Some are Punished and Some are Rewarded: A Study of the Impact of Performance Pay on Job Satisfaction
(2007-01-23T14:20:56Z) McCausland, W. David; Pouliakas, Kostas; Theodossiou, Ioannis
Using an econometric procedure that corrects for both self-selection of individuals into their preferred compensation scheme and wage endogeneity, this study investigates whether significant differences exist in the job satisfaction of individuals receiving performance-related pay (PRP) compared to those on alternative compensation plans. Using data from four waves of the British Household Panel Survey (BHPS), it is found that PRP exerts a positive effect on the mean job satisfaction of (very) high-paid workers only. A potential explanation for this pattern could be that for lower-paid employees PRP is perceived to be controlling, whereas higher-paid workers derive a utility benefit from what they regard as supportive reward schemes. Using PRP as an incentive device in the UK could therefore be counterproductive in the long run for certain low-paid occupations.
Socio-Economic Differences in the Perceived Quality of High and Low-paid Jobs in Greece
(2007-01-23T14:21:51Z) Pouliakas, Kostas; Theodossiou, Ioannis
Confronting objections to performance pay: A study of the impact of individual and gain-sharing incentives on the job satisfaction of British employees
(2007-02-28T10:35:13Z) Pouliakas, Kostas; Theodossiou, Ioannis
The increasing interest in incentive pay schemes in recent years has raised concerns regarding their potential damaging effect on intrinsic job satisfaction, or the security of employment. This study explores the impact of both individual and gain-sharing incentives on the overall job satisfaction of workers in the UK, as well as their satisfaction with various facets of jobs, namely total pay, job security, and the actual work itself. Using data from six waves (1998-2003) of the British Household Panel Survey (BHPS), and after correcting for the sorting problem that arises, no significant difference in overall job utility is found between those receiving performance-related pay (PRP) and those on other methods of compensation. In addition, non-economic arguments that PRP crowds-out the intrinsic satisfaction of jobs are also not supported, as are popular concerns regarding the adverse impact of PRP schemes on job security. An important asymmetry in the manner in which individual and gain-sharing incentives affect the utility of employees is nonetheless unearthed, as the latter are consistently found to have a positive effect on employee well-being.
Risk reduction and diversification in UK commercial property portfolios
(2007-08-22T15:45:29Z) Devaney, Steven Patrick; Callender, Mark; Sheahan, Angela; Key, Tony; University of Aberdeen, Business School
The issue of diversification in direct real estate investment portfolios has been one of the most widely studied topics in academic and practitioner literature. Most work, however, has been done using mean returns and risks for broad market segments as inputs to asset allocation models, or in a few cases using data from small sets of individual properties. This paper reports results from a comprehensive testing of asset allocation modelling drawing on records of 10,000+ UK properties tracked by Investment Property Databank. It provides for the first time robust estimates of the diversification gains attainable given return, risk and cross-correlations across individual properties actually available to fund managers. The discussion of results covers implications for the number of assets and amount of money needed to construct “balanced” portfolios by direct investment, or via indirect specialist vehicles.
Transaction based indices for the UK commercial property market : exploration and evaluation using IPD data
(University of Aberdeen: Business School, 2010) Devaney, Steven; Martinez Diaz, Roberto; University of Aberdeen.Real Estate
An inquiry into the theory, causes and consequences of monitoring indicators of health and safety at work
(University of Aberdeen, 2010-02) Pouliakas, Konstantinos; Theodossiou, Ioannis
This paper engages in an interdisciplinary survey of the current state of knowledge related to the theory, determinants and consequences of occupational safety and health (OSH). First, it synthesizes the available theoretical frameworks used by economists and psychologists to understand the issues related to the optimal provision of OSH in the labour market. Second, it reviews the academic literature investigating the correlates of a comprehensive set of OSH indicators, which portray the state of OSH infrastructure (social security expenditure, prevention, regulations), inputs (chemical and physical agents, ergonomics, working time, violence) and outcomes (injuries, illnesses, absenteeism, job satisfaction) within workplaces. Third, it explores the implications of the lack of OSH in terms of the economic and social costs that are entailed. Finally, the survey identifies areas of future research interests and suggests priorities for policy initiatives that can improve the health and safety of workers.
Modeling Space Market Dynamics : An Illustration Using Panel Data for US Retail
(2013-11) Hendershott, Patric Henry; Jennen, Maarten; MacGregor, Bryan Duncan; University of Aberdeen.Real Estate; University of Aberdeen.Vice Principals
Renting versus Owning and the Role of Human Capital : Evidence from Germany
(2014-05) Schulz, Rainer; Wersing, Martin; Werwatz, Axel; University of Aberdeen.Real Estate
The Dynamics of Energy Poverty : Evidence from Spain
(2015-02-22) Phimister, Euan Cartner; Vera-Toscano, Esperanza; Roberts, Deborah Jane; University of Aberdeen.Economics; University of Aberdeen.Energy; University of Aberdeen.Real Estate; University of Aberdeen.Centre for Energy Transition
Identifying Berlin’s land value map using adaptive weights smoothing
(2015-09) Kolbe, Jens; Schulz, Rainer; Wersing, Martin; Werwatz, Axel; University of Aberdeen.Real Estate
Fuel poverty in the UK : Is there a difference between rural and urban areas?
(2015-12) Roberts, Deborah; Vera-Toscano, Esperanza; Phimister, Euan; University of Aberdeen.Real Estate; University of Aberdeen.Economics; University of Aberdeen.Energy; University of Aberdeen.Centre for Energy Transition
Financing infrastructure development : time to unshackle the bonds?
(2016) Hutchison, Norman; Squires, Graham; Adair, Alastair; Berry, Jim; Lo, Daniel; McGreal, Stanley; Organ, Sam; University of Aberdeen.Real Estate
Innovative real estate development finance – evidence from Europe
(2016-04-04) Squires, Graham; Hutchison, Norman; Adair, Alastair; Berry, Jim; McGreal, Stanley; Organ, Samantha; University of Aberdeen.Real Estate
Corporate Governance, Risk Appetite and Cloud Security Risk : A Little Known Paradox. How Do We Square the Circle?
(IARIA, 2017-02-20) Duncan, Bob; Zhao, Yuan; Whittington, Mark; Westphall, Carlos Becker; Lee, Yong Woo; Duncan, Bob; Olmsted, Aspen; Vassilakopoulos, Michael; Lambrinoudakis, Costas; Katsikas, Sokratis K.; Ege, Raimund; University of Aberdeen.Computing Science; University of Aberdeen.Real Estate; University of Aberdeen.Finance; University of Aberdeen.Accountancy
Allowing for uncertainty in exogenous shocks to CGE models : the case of a new renewable energy sector
(2017-04) Phimister, Euan; Roberts, Deborah; University of Aberdeen.Economics; University of Aberdeen.Energy; University of Aberdeen.Real Estate; University of Aberdeen.Centre for Energy Transition
A comparative analysis of the costs of onshore wind energy : Is there a case for community-specific policy support?
(2017-07) Berka, Anna L.; Harnmeijer, Jelte; Roberts, Deborah; Phimister, Euan; Msika, Joshua; University of Aberdeen.Real Estate; University of Aberdeen.Economics; University of Aberdeen.Energy; University of Aberdeen.Centre for Energy Transition
Still vacant after all these years – Evaluating the efficiency of property-led urban regeneration
(2017-09) Adams, David; Disberry, Alan; Hutchison, Norman; University of Aberdeen.Real Estate
Capability approach to compulsory purchase compensation : evidence of the functionings of land identified by affected landowners in Scotland
(2017-11-08) Rao, Jyoti; Tiwari, Piyush; Hutchison, Norman; University of Aberdeen.Real Estate
No Way to Say No : Stakeholder analysis for compulsory purchase for public infrastructure project in Australia
(2018) Rao, Jyoti; Tiwari, Piyush; Hutchison, Norman Elliott; University of Aberdeen.Real Estate