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Centre for Economic Performance (CEP)

CEP in the News 2003


[Radio 4]

The World Tonight

BBC Radio 4
Linda Yueh on the topic Looking ahead to 2004: Economic outlook for the UK, EU, China and the global economy.

This interview appeared in The World Tonight, BBC Radio 4, December 30, 2003.
No Link

[Henry Overman]

Workers counting the cost of globalisation in Britain

The Independent, Bangladesh
Henry Overman, Centre for Economic Performance, LSE, quoted on the issues arising from the outsourcing jobs and services to developing countries.

This interview appeared in The Independent, Bangladesh, December 29, 2003.
Link to article

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Tackling a poor show.

Will underprivileged students benefit from new government proposals? asks Jo Blanden
"Education must be a force for opportunity and social justice, not for the entrenchment of privilege." This is the ringing declaration contained in the white paper on higher education, but the sheer size of the revolt against the government shows that critics inside as well as outside parliament fear that ministers' proposals will only make inequalities in higher education worse.

The THES (Times Higher Education Supplement) carried this story on Friday December 5, 2003.
You may need to subscribe to the THES to access this story online.

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One in five workers 'has had a pay cut'

Research by a member of the Bank of England's Monetary Committee has found one in five workers suffered a pay cut in the past 10 years.
Steve Nickell also found that membership of a trade union appears to protect workers from a drop in pay, which was much more common at the hands of private-sector employers.

The Independent carried this story on Monday December 1, 2003.

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Paying Attention at Work?

Majority of Business Professionals Aren't - At Great Cost to Business
Tony Venables, an economist at the London School of Economics, believes that businesses that thrive on face-to-face communications -or F2F, as he terms it - now account for a growing share of economic activity.

Yahoo News carried this story on Tuesday November 18, 2003.

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You pays your money, you make your choice

Times Higher Education Supplement
Article focus on the increasing importance of university league tables for parents and students. Arnaud Chevalier, expert on the cost-effectiveness of higher education at LSE, comments on the increasing role for the league-table industry, along the lines of US-style rankings. Stephen Machin, LSE, also quoted.

THES published this story on Friday November 14, 2003. No direct web link available.

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Will the internet transform the unions?

BBC News Online
Research on how the internet has been affecting unions and the wide-ranging implications for labour relations. Professor Richard Freeman, who specialises in labour markets at Harvard and LSE, argues that the biggest effort of the internet will be to allow unions to organise the workforce more cheaply and efficiently than before.

BBC News Online carried this story on Thursday November 13, 2003.

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Russia and China

BBC World Service
Interview with Dr. Linda Yueh, LSE, on comparing corruption and capitalist economic developments in Russia and China. Dr Yueh also discussed the upcoming IPO of China's Three Gorges Dam on Sunday November 2, on the same programme.

The World Today broadcasted this story on Wednesday November 5, 2003.

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Autumn Edition of CentrePiece now out.

Download Free!
For a limited period only, download the current version of CentrePiece - The magazine of economice performance.
In this edition:
  • Changing the guard at the CEP
  • Poverty and worklessness
  • Crime and property prices
  • Lessons from the Seven Years War
  • Science fiction or the wave of the future?
Go to the Centrepiece website to download Vol.8 issue 3.

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'Pay more, earn more' lesson for students.


Reference made to Arnaud Chevalier and Gavan Conlon, LSE who asked "Does it Pay to Attend a Prestigious University?" and answered it with a definite "yes", irrespective of the graduate's native ability. In a paper to the European Association of Labour Economists, the authors argued that the present single fee for all universities means graduates at more prestigious institutions are being more generously subsidised - and that would also be the case with a fixed fee rise.

"Does it Pay to Attend a Prestigious University?" by Arnaud Chevalier and Gavan Conlon was presented at the European Association of Labour Economists meeting in Seville, September 18-21.

The Guardian carried this story on Friday September 26, 2003.

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Good jobs get better but bad jobs get worse, says LSE study.


Maarten Goos and Alan Manning, Centre for Economic Performance, LSE, will tomorrow tell a conference of labour economists that the workforce is becoming increasingly polarised as "middling" jobs disappear.

The Financial Times carried this story on Thursday September 18, 2003.

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Labour must not just play fair but be bold.

Under Thatcher, living standards rose dramatically for the rich but barely at all for the poorest. Under Blair, all parts of society have experienced similar growth in living standards. However, the inequalities of the Thatcher years have not been reversed one iota.
Reference to findings in 'The Labour Market Under New Labour', edited by Richard Dickens, Paul Gregg and Jonathan Wadsworth, to be published by Palgrave Macmillan in October.

The Guardian carried this story on Monday September 15, 2003. [More]

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There is only one way to tame these savage infants.

'More state provision for toddlers will close the widening inequality gap. '
Reference to research by Leon Feinstein, in an article by Polly Toynbee.

The Guardian carried this story on Wednesday September 3, 2003.

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Public opinion: Tony Halpin: Tuition fees.

Reference to recent study by Gavan Conlon and Arnaud Chevalier, LSE, which puts the graduate premium at £120,000 with the added cachet of a degree from a Russell Group university - the ones most likely to charge £3,000 - worth only an extra £22,000.

The Financial Times carried this story on Tuesday July 8, 2003.
The report is available to download from the CEE website

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Treasury sees big benefits if tariffs eased

The prospect of huge benefits in terms of jobs and income from breaking down barriers to trade between the EU and the US will be held out by two papers published by the Treasury today. Anthony Venables, LSE, an author of one of the papers, has backed joining the euro in a paper written for Britain in Europe, the pro-euro pressure group.

The Financial Times carried this story on Thursday May 29, 2003.

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The case for happiness

In March Lord Richard Layard, LSE, delivered three lectures at LSE on the theme of the pursuit of Happiness:
Monday 3rd March
What is Happiness and are we Getting Happier?

Read the transcript [pdf]
Tuesday 4th March
What Causes Happiness? Rethinking Public Economics

Read the transcript [pdf]
Wednesday 5th March
What would make a happier society?

Read the transcript [pdf]

The Guardian carried this story in Society Guardian on Wednesday March 5, 2003 and as the leader on Thursday March 6, 2003. The Times carried the story on Tuesday March 4, 2003.

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What education can learn from the rest of the world

The Germans, French and Swedes have simple systems of vocational qualifications that everybody understands. Hilary Steedman (senior research fellow at CEP) wonders why we don't copy them
This article appears in the New Statesman special supplement The Skill Factor [pdf] p.6-7.
The New Statesman published the supplement on Monday March 10, 2003.

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Falling pound opens the door for euro entry

Robin Marris of The Times looks at the single currency debate and includes reference to a paper given by Steve Nickell, London School of Economics professor and member of the MPC: A Picture of European Unemployment, December 2002.
Read the speech [pdf]
The Times carried the story on Tuesday March 7, 2003.

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Generous loans will help to alleviate student poverty

To widen access, we have to target grants at the poorest, says Anna Vignoles, research fellow at the Centre for the Economics of Education, LSE.
The Guardian carried this story on Tuesday February 25, 2003.

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Top-up fees 'will widen class divide

New research shows a sharp increase in less able, wealthy students at universities. The research, by Stephen Machin, director of the Centre for the Economics of Education, LSE, shows that government plans to give 50 per cent of under-30s a university education by 2010 will reinforce the rigid class divisions in the education system.
The Observer carried this story on Sunday February 23, 2003. Stephen Machin's article appears in the current issue of CentrePiece

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Minimum wage cleared over job losses

Labour's introduction of the minimum wage four years ago did cause some immediate cuts in jobs and hours but had "minimal" impact on the long term growth in UK employment. A team led by Professor Steve Machin, LSE, conducted the research which exonerates the minimum wage as a cause of job losses.
The Guardian carried this story on Monday February 24, 2003. Where the Minimum Wage Bites Hard written by Stephen Machin, Alan Manning and Lupin Rahman is available from the CEP as Discussion Paper 544

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MPC's Nickell: house price crash unlikely

David Smith interviews Steve Nickell "one of Britain's world-class economists, specialising in labour markets and president of the Royal Economic Society. He is preparing to return full-time to the LSE when his three-year term on the Bank of England's monetary policy committee (MPC) expires in May."
The Sunday Times carried this story on Sunday February 23, 2003.