Professor Karl Taylor

School of Economics

Professor of Economics

Karl Taylor profile
Profile picture of Karl Taylor profile
k.b.taylor@sheffield.ac.uk
+44 114 222 3420

Full contact details

Professor Karl Taylor
School of Economics
Room 519
9 Mappin Street
91Ö±²¥
S1 4DT
Profile

Karl graduated from Staffordshire University with BA Economics, then gained his MA Economics from Staffordshire and PhD in Economics from the Open University under joint supervision with Cardiff University.

He worked at the University of Leicester from 2001 to 2005, where he was initially a Lecturer before being promoted to a Senior Lecturer. Karl was initially appointed to a Readership in September 2005 at the University of 91Ö±²¥ and was subsequently promoted to a Personal Chair in January 2009.

Karl was the coordinator of the DWP-sponsored Work, Pensions and Labour Economics Study Group (WPEG) from 2010 until 2020 and remains a member of the WPEG Steering Group.  

Karl has completed research projects funded by the , the , the and the .

He was a research associate at the (University of Essex) from 2006 to 2008 and a member of the Grant Assessment Panel C of the from 2016 to 2020.

Karl is currently on the Advisory Board of and since 2022 is an Associate Editor of the . He is also a member of the ODI Advisory Group, a member of the Research Evaluation Group, and since 2009 has been a research fellow at the .

Research interests

Karl's research interests lie in the area of applied microeconometrics focusing on labour economics, the economics of education and, household financial decision-making. His research has focused on individual, household and firm-level data including matched workplace-employee data.

Examples of research projects include empirical analysis of the reservation wages of the unemployed (ESRC) and empirical analysis of wage growth, human capital and risk aversion (Leverhulme Trust).

He has been involved in advisory reports for the Home Office and more recently the Department of Health looking at the minimum pricing of alcohol.

Karl is interested in supervising PhD students in applied microeconometrics.

Publications

Journal articles

  • Brown S, Bucciol A, Montagnoli A & Taylor K (2024) . Oxford Bulletin of Economics and Statistics. RIS download Bibtex download
  • Alzuabi R, Brown S, Harris MN & Taylor KB (2023) . Canadian Journal of Economics. RIS download Bibtex download
  • Brown S, Harris MN, Spencer C & Taylor KB (2023) . Journal of Money, Credit and Banking. RIS download Bibtex download
  • Alzuabi R, Brown S & Taylor K (2022) . Journal of Behavioral and Experimental Economics, 100. RIS download Bibtex download
  • Roberts J & Taylor K (2022) . Economica, 89(353), 131-160. RIS download Bibtex download
  • Brown S, Harris MN, Srivastava P & Taylor K (2022) . Oxford Economic Papers, 74(2), 541-564. RIS download Bibtex download
  • Brown S, Ghosh P, Pareek B & Taylor K (2021) . Journal of Empirical Finance, 63, 57-72. RIS download Bibtex download
  • McDool E, Powell P, Roberts J & Taylor K (2020) . Journal of Health Economics, 69. RIS download Bibtex download
  • Quader M & Taylor KB (2017) . European Journal of Finance, 24(6), 439-457. RIS download Bibtex download
  • Roberts J & Taylor KB (2016) . Oxford Economic Papers. RIS download Bibtex download
  • Cuestas JC, Gil-Alana LA & Taylor K (2016) . Scottish Journal of Political Economy. RIS download Bibtex download
  • Brown S & Taylor KB (2016) . Journal of Banking and Finance, 62, 1-14. RIS download Bibtex download
  • Taylor KB & Brown S (2015) . Review of Income and Wealth. RIS download Bibtex download
  • Brown S, Duncan A, Harris MN, Roberts J & Taylor KB (2015) . Oxford Bulletin of Economics and Statistics, 77(6), 822-831. RIS download Bibtex download
  • Brown S, Greene WH, Harris MN & Taylor KB (2015) . Economic Modelling, 50, 228-236. RIS download Bibtex download
  • Brown S, Ghosh P, Su L & Taylor KB (2015) . Journal of Empirical Finance, 33, 190-207. RIS download Bibtex download
  • Brown S, Gray DJ, McHardy J & Taylor KB (2015) . Journal of Economic Behavior and Organization, 116(-), 361-378. RIS download Bibtex download
  • Brown S, Srivastava P & Taylor KB (2015) . Southern Economic Journal, 82(1), 122-151. RIS download Bibtex download
  • Ratcliffe A & Taylor KB (2015) . Oxford Economic Papers, 67(3), 826-845. RIS download Bibtex download
  • Taylor KB & Brown S (2015) . Economics Letters, 126, 22-24. RIS download Bibtex download
  • Brown S & Taylor K (2014) . Journal of Economic Psychology, 45, 197-212. RIS download Bibtex download
  • Brown S, Ghosh P & Taylor KB (2014) . Journal of Banking and Finance, 46, 285-298. RIS download Bibtex download
  • Brown S, McHardy J & Taylor KB (2014) . Economics of Education Review, 40, 43-54. RIS download Bibtex download
  • Brown S & Taylor KB (2013) . Economics Letters, 119(3), 276-279. RIS download Bibtex download
  • Brown S, Dietrich M, Ortiz-Nuñez A & Taylor KB (2013) Business Ownership and Attitudes towards Risk. Applied Economics, 45(13), 1731-1740. RIS download Bibtex download
  • Brown S, Dickerson A, McHardy J & Taylor KB (2012) . Applied Economics, 44(35), 4639-4650. RIS download Bibtex download
  • Brown S, Harris MN & Taylor KB (2012) . Journal of Economic Behavior and Organization, 84(1), 97-110. RIS download Bibtex download
  • Brown S, Ortiz-Nuñez A & Taylor KB (2012) . Scottish Journal of Political Economy, 59(1), 47-70. RIS download Bibtex download
  • Brown S, Taylor KB & Garino G (2012) . Review of Income and Wealth. RIS download Bibtex download
  • Brown S, Roberts J & Taylor KB (2011) . Economics Letters, 113(1), 88-91. RIS download Bibtex download
  • Brown S, Ortiz-Nuñez A & Taylor KB (2011) . Economics of Education Review, 30(3), 493-506. RIS download Bibtex download
  • Brown S & Taylor KB (2011) . Economic Modelling, 28(3), 1317-1327. RIS download Bibtex download
  • Brown S, Mcintosh S & Taylor KB (2011) . Oxford Bulletin of Economics and Statistics, 73(1), 40-58. RIS download Bibtex download
  • Brown S, Dietrich M, Ortiz-Nuñez A & Taylor KB (2011) . Journal of Economic Psychology, 32(3), 425-433. RIS download Bibtex download
  • Brown S, McHardy J, McNabb R & Taylor KB (2011) . Journal of Economics and Management Strategy, 20(3), 925-955. RIS download Bibtex download
  • Purshouse RC, Meier PS, Brennan A, Taylor KB & Rafia R (2010) . Lancet, 375(9723), 1355-1364. RIS download Bibtex download
  • Brown S, Roberts J & Taylor KB (2010) . Journal of the Royal Statistical Society. Series A: Statistics in Society, 173, 501-529. RIS download Bibtex download
  • Brown S & Taylor KB (2009) . Journal of Economic Behavior and Organization, 71(2), 563-578. RIS download Bibtex download
  • Driffield N, Love JH & Taylor KB (2009) . Manchester School, 77(2), 171-203. RIS download Bibtex download
  • Brown S & Taylor KB (2008) . Economics of Education Review, 27(4), 387-401. RIS download Bibtex download
  • Dockery E & Taylor KB (2008) On the Validity of Long-Run Purchasing Power Parity: A look at Two Selected Caribbean Economies Exchange Rate. Journal of Money, Investment and Banking, 1, 33-48. RIS download Bibtex download
  • Brown S & Taylor KB (2008) Household debt and financial assets: evidence from Germany, Great Britain and the USA. Journal of the Royal Statistical Society. Series A, (Statistics in Society), 171, 615-643. RIS download Bibtex download
  • Brown S, Garino G & Taylor KB (2008) . Southern Economic Journal, 74(3), 857-878. RIS download Bibtex download
  • Brown S & Taylor KB (2007) . Journal of Economic Behavior and Organization, 63(3), 439-460. RIS download Bibtex download
  • Taylor KB & McNabb R (2007) . Oxford Bulletin of Economics and Statistics, 69(2), 185-208. RIS download Bibtex download
  • Brown S & Taylor KB (2006) Financial expectations, consumption and saving: A microeconomic analysis. Fiscal Studies, 27(3), 313-338. RIS download Bibtex download
  • Taylor KB (2006) . Labour, 20(1), 91-124. RIS download Bibtex download
  • Brown S & Taylor KB (2005) Wage growth, human capital and financial investment. Manchester School, 73(6), 686-708. RIS download Bibtex download
  • Brown S, Taylor KB & Price SW (2005) . Journal of Economic Psychology, 26(5), 642-663. RIS download Bibtex download
  • Taylor KB & Driffield N (2005) . Labour Economics, 12(2), 223-249. RIS download Bibtex download
  • Driffield N & Taylor KB (2005) Are foreign firms more technologically intensive? UK establishment evidence from the ARD. Scottish Journal of Political Economy, 52(1), 38-53. RIS download Bibtex download
  • Brown S, Garino G, Taylor KB & Price SW (2005) Debt and financial expectations: An individual- and household-level analysis. Economic Inquiry, 43(1), 100-120. RIS download Bibtex download
  • Munday M, Peel MJ & Taylor KB (2003) . Fiscal Studies, 24(4), 501-521. RIS download Bibtex download
  • Taylor KB (2002) . Applied Economics, 34(11), 1371-1377. RIS download Bibtex download
  • Driffield N & Taylor KB (2000) . Oxford Review of Economic Policy, 16(3), 90-103. RIS download Bibtex download
  • Dockery E & Taylor KB (1997) . Journal of Multinational Financial Management, 7(4), 317-332. RIS download Bibtex download

Working papers

  • Brown S, Bucciol A, Montagnoli A & Taylor K (2020) Financial advice and household financial portfolios. The 91Ö±²¥ Economic Research Paper Series (SERPS), 2020009. RIS download Bibtex download

Preprints

  • Brown S, Harris MN, Spencer C & Taylor K (2020) , SSRN Electronic Journal. RIS download Bibtex download
  • Taylor K & Faran M () The Effect of a Management Intervention on Firm Performance and Quality Defects. RIS download Bibtex download
Teaching interests

I currently teach postgraduate econometrics. Econometrics is an essential part of an economists toolkit and includes a fascinating set of techniques which enables the measurement and analysis of economic phenomena.

As economists we use econometrics to describe economic reality, test hypotheses about economic theory, and to forecast the future.

This can be at the micro level, e.g. estimating a demand function, or at the macro level, e.g. estimating a Keynesian consumption function. At both the undergraduate and postgraduate level students are introduced to Ordinary Least Squares (OLS), the main method for regression analysis.

I also cover the potential problems associated with OLS and possible solutions. In my postgraduate course in more advanced topics we also consider modelling discrete rather than continuous variables.

My approach to teaching is that concepts which initially students may find challenging are always taught via theory followed by examples in lectures and are subsequently reinforced via computer practicals where students have the opportunity to estimate models.

Throughout my teaching where possible I link to my research, e.g. estimating demand functions is explicitly linked to the research I have undertaken on alcohol.

  • ECN6540 Econometric Methods