Taylor, Karl, Professor

Professor Karl Taylor

School of Economics

Professor of Economics

k.b.taylor@sheffield.ac.uk
+44 114 222 3420

+44 114 222 3458 (fax)

Room 519, 9 Mappin Street

Full contact details

Professor Karl Taylor
School of Economics
Room 519
9 Mappin Street
91ֱ��
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 91ֱ�� 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.
Alzuabi R, Brown S, Harris MN & Taylor KB (2023) . Canadian Journal of Economics.
Brown S, Harris MN, Spencer C & Taylor KB (2023) . Journal of Money, Credit and Banking.
Alzuabi R, Brown S & Taylor K (2022) . Journal of Behavioral and Experimental Economics, 100.
Roberts J & Taylor K (2022) . Economica, 89(353), 131-160.
Brown S, Harris MN, Srivastava P & Taylor K (2022) . Oxford Economic Papers, 74(2), 541-564.
Brown S, Ghosh P, Pareek B & Taylor K (2021) . Journal of Empirical Finance, 63, 57-72.
McDool E, Powell P, Roberts J & Taylor K (2020) . Journal of Health Economics, 69.
Quader M & Taylor KB (2017) . European Journal of Finance, 24(6), 439-457.
Roberts J & Taylor KB (2016) . Oxford Economic Papers.
Cuestas JC, Gil-Alana LA & Taylor K (2016) . Scottish Journal of Political Economy.
Brown S & Taylor KB (2016) . Journal of Banking and Finance, 62, 1-14.
Taylor KB & Brown S (2015) . Review of Income and Wealth.
Brown S, Duncan A, Harris MN, Roberts J & Taylor KB (2015) . Oxford Bulletin of Economics and Statistics, 77(6), 822-831.
Brown S, Greene WH, Harris MN & Taylor KB (2015) . Economic Modelling, 50, 228-236.
Brown S, Ghosh P, Su L & Taylor KB (2015) . Journal of Empirical Finance, 33, 190-207.
Brown S, Gray DJ, McHardy J & Taylor KB (2015) . Journal of Economic Behavior and Organization, 116(-), 361-378.
Brown S, Srivastava P & Taylor KB (2015) . Southern Economic Journal, 82(1), 122-151.
Ratcliffe A & Taylor KB (2015) . Oxford Economic Papers, 67(3), 826-845.
Taylor KB & Brown S (2015) . Economics Letters, 126, 22-24.
Brown S & Taylor K (2014) . Journal of Economic Psychology, 45, 197-212.
Brown S, Ghosh P & Taylor KB (2014) . Journal of Banking and Finance, 46, 285-298.
Brown S, McHardy J & Taylor KB (2014) . Economics of Education Review, 40, 43-54.
Brown S & Taylor KB (2013) . Economics Letters, 119(3), 276-279.
Brown S, Dietrich M, Ortiz-Nuñez A & Taylor KB (2013) Business Ownership and Attitudes towards Risk. Applied Economics, 45(13), 1731-1740.
Brown S, Dickerson A, McHardy J & Taylor KB (2012) . Applied Economics, 44(35), 4639-4650.
Brown S, Harris MN & Taylor KB (2012) . Journal of Economic Behavior and Organization, 84(1), 97-110.
Brown S, Ortiz-Nuñez A & Taylor KB (2012) . Scottish Journal of Political Economy, 59(1), 47-70.
Brown S, Taylor KB & Garino G (2012) . Review of Income and Wealth.
Brown S, Roberts J & Taylor KB (2011) . Economics Letters, 113(1), 88-91.
Brown S, Ortiz-Nuñez A & Taylor KB (2011) . Economics of Education Review, 30(3), 493-506.
Brown S & Taylor KB (2011) . Economic Modelling, 28(3), 1317-1327.
Brown S, Mcintosh S & Taylor KB (2011) . Oxford Bulletin of Economics and Statistics, 73(1), 40-58.
Brown S, Dietrich M, Ortiz-Nuñez A & Taylor KB (2011) . Journal of Economic Psychology, 32(3), 425-433.
Brown S, McHardy J, McNabb R & Taylor KB (2011) . Journal of Economics and Management Strategy, 20(3), 925-955.
Purshouse RC, Meier PS, Brennan A, Taylor KB & Rafia R (2010) . Lancet, 375(9723), 1355-1364.
Brown S, Roberts J & Taylor KB (2010) . Journal of the Royal Statistical Society. Series A: Statistics in Society, 173, 501-529.
Brown S & Taylor KB (2009) . Journal of Economic Behavior and Organization, 71(2), 563-578.
Driffield N, Love JH & Taylor KB (2009) . Manchester School, 77(2), 171-203.
Brown S & Taylor KB (2008) . Economics of Education Review, 27(4), 387-401.
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.
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.
Brown S, Garino G & Taylor KB (2008) . Southern Economic Journal, 74(3), 857-878.
Brown S & Taylor KB (2007) . Journal of Economic Behavior and Organization, 63(3), 439-460.
Taylor KB & McNabb R (2007) . Oxford Bulletin of Economics and Statistics, 69(2), 185-208.
Brown S & Taylor KB (2006) Financial expectations, consumption and saving: A microeconomic analysis. Fiscal Studies, 27(3), 313-338.
Taylor KB (2006) . Labour, 20(1), 91-124.
Brown S & Taylor KB (2005) Wage growth, human capital and financial investment. Manchester School, 73(6), 686-708.
Brown S, Taylor KB & Price SW (2005) . Journal of Economic Psychology, 26(5), 642-663.
Taylor KB & Driffield N (2005) . Labour Economics, 12(2), 223-249.
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.
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.
Munday M, Peel MJ & Taylor KB (2003) . Fiscal Studies, 24(4), 501-521.
Taylor KB (2002) . Applied Economics, 34(11), 1371-1377.
Driffield N & Taylor KB (2000) . Oxford Review of Economic Policy, 16(3), 90-103.
Dockery E & Taylor KB (1997) . Journal of Multinational Financial Management, 7(4), 317-332.

Working papers

Brown S, Bucciol A, Montagnoli A & Taylor K (2020) Financial advice and household financial portfolios. The 91ֱ�� Economic Research Paper Series (SERPS), 2020009.

Preprints

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

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