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CEP Press Releases


See also press releases for 2017, 2016, 2015, 2014, 2013, 2012, 2011, 2010, 2009, 2008, and 2007.

02 November 2018
New research findings from the Centre for Economic Performance
New research reports from the Centre for Economic Performance (CEP) at the London School of Economics are highlighted in the Autumn 2018 CentrePiece magazine. Among the findings:
  • SECOND HOMES: Ban on new-builds in desirable locations raises inequality
  • TACKLING EXTREME POVERTY: There are no simple monetary solutions
  • APPRENTICESHIPS: The earnings boost is much bigger for younger people
  • LITERACY: How teaching assistants can improve outcomes for five-year-olds
  • SOCIAL MOBILITY: How likely we are to climb up the economic ladder of life
  • LOCAL INDUSTRIAL STRATEGY: Making trade-offs and prioritising investment
  • UNIVERSITIES: The impact on human capital, innovation and local economies
CentrePiece is the magazine of the Centre for Economic Performance. It is published three times a year. The Autumn 2018 issue is Volume 23, Issue 32. http://cep.lse.ac.uk/centrepiece/
29 October 2018
RADICAL POLICIES NEEDED TO BOOST SOCIAL MOBILITY IN BRITAIN: Book launch at London School of Economics tonight

Reducing extreme pay gaps and randomly selecting applicants to schools and universities are among the radical steps needed to improve Britain’s low social mobility. 

These recommendations come from the authors of a new book – 'Social Mobility and Its Enemies’ – who will be speaking this evening at a launch event at the London School of Economics (LSE), chaired by LSE director Minouche Shafik.

If we want to create a fairer and more mobile society – and a stronger economy – we have to question why bankers can earn 100 times more than key public sector workers, argue Professor Stephen Machin and Dr Lee Elliot Major.
25 September 2018
New book calls for radical action on exploitative employers, detached ruling elites and the middle class commandeering of educational opportunities Prospects for social mobility are bleak in Britain with the rich and poor destined to stay on the same rungs of the income or social ladder for successive generations. Young people today face an unprecedented era of falling real wages, declining opportunities, and stark inequalities in income, wealth and education. The dream of just doing better, let alone climbing the income ladder, is dying. These are the conclusions of Social Mobility and its Enemies, a new book by Professor Stephen Machin, Director of the Centre for Economic Performance, and Dr Lee Elliot Major, Chief Executive of the Sutton Trust, published by Penguin. Download Key Findings factsheet
18 September 2018
Even before the date set for leaving the European Union (EU), just over six months from now, the UK is paying a high price for the vote for Brexit. What’s more, these are not just one-off costs to people in the UK: there will be long-lasting damage to the economy as firms and households respond to the likelihood of the country being outside the EU with or without a withdrawal deal. These are among the conclusions of a series of research reports being discussed at a conference at the Centre for Economic Performance (CEP) at the London School of Economics (LSE) on Wednesday 19 September 2018. The programme, organised by Holger Breinlich (CEP and University of Surrey), Dennis Novy (CEP and University of Warwick), Thomas Sampson and Elsa Leromain (CEP, LSE), is available here, including links to some of the reports: http://cep.lse.ac.uk/_new/events/event.asp?id=485
29 June 2018
New research findings from the Centre for Economic Performance are highlighted in the Summer 2018 issue of CentrePiece magazine.
Among the findings - (1) NATIONAL LIVING WAGE: Higher pay in care homes but falling service quality; (2) BEDROOM TAX: A further strain on finances of already disadvantaged people; (3) BREXIT: Even before leaving the European Union, the UK is paying a high price; (4) CUSTOMS UNION: Leaving may lead to multinationals moving out of the UK; (5) METAL CRIME: Policing, policy and declining commodity prices drive fall in theft; (6) FAMILY POLICIES: Subsidised childcare preferable to extending parental leave; (7) CHINA BOYCOTT: US restrictions on Chinese researchers could stifle science; (8) HIGHER EDUCATION: Funding reforms have reduced the participation gap; (9) SCHOOL EXAMS: High costs for those who just miss grade C in GCSE English.
27 June 2018
CHILDHOOD, WELLBEING AND PUBLIC POLICY: Views of top happiness researchers

The latest World Wellbeing Panel survey first asked the experts whether they agree that in advanced economies with reasonable safety nets, the major interventions that could improve wellbeing concern childhood. Of the 27 respondents, 41% agree with the statement compared with 26% who disagree. The second question in the latest World Wellbeing Panel survey asked whether the experts agree that interventions in childhood should be focused on generating the personality traits that are related to higher wellbeing throughout life, such as extraversion and high locus of control.


21 May 2018
GENDER GAPS IN PROMOTION: Evidence from French economics departments
Women apply for promotion less often than men, according to new research by Clément Bosquet of the Centre for Economic Performance (CEP). His study with Pierre-Philippe Combes and Cecilia García-Peñalosa, which is forthcoming in the Scandinavian Journal of Economics, analyses the promotion gap between men and women among academic economists in France.
18 May 2018
Increased access to independently-run schools decreases pupil wellbeing
 The competition created by increased access to autonomous schools, such as academies, faith schools and private schools, raises academic achievement but decreases pupil wellbeing, a new study from the London School of Economics and Political Science (LSE) published in the Economics of Education Review has found. Commenting, author of the study Gabriel Heller-Sahlgren from the Centre for Economic Performance and Department of Social Policy at LSE said: “The idea that effective learning and pupil enjoyment go hand in hand is a cornerstone of modern educational theory. Yet there is little evidence supporting it. On the contrary, research suggests that effective learning often involves activities, such as drill and repetition, which many would describe as boring and tough. It is therefore not surprising to find that interventions that raise academic achievement often have negative effects on pupil happiness. This shows that the concept of trade-offs must be taken seriously also in education”. 
11 May 2018
Jobs, Growth, Welfare Programmes and Wellbeing: Views of top happiness researchers
Perhaps because the latest World Wellbeing Panel survey is dedicated to Richard Easterlin, the doyen of the Economics of Happiness, the responses from our 29 wellbeing experts from economics, psychology and sociology are the best we have ever received. They were first asked the question: Is the main effect of economic growth on national wellbeing via employment and public welfare programs?  To which eighty-three percent of our experts agreed. The second World Wellbeing Panel question was: With the population's wellbeing in mind, should the main focus of macroeconomics be maintaining low unemployment? Almost to a person, our experts agreed with Heinz Welsch (University of Oldenburg) who said ‘unemployment is the macroeconomic phenomenon most detrimental to national wellbeing, maintaining low unemployment should indeed be a major focus of economic policy’.  
13 April 2018
HIGH COSTS OF JUST MISSING OUT ON A GRADE C IN GCSE ENGLISH: New evidence from the Centre for Vocational Education Research
School students who narrowly fail to achieve a grade C in their GCSE English exam pay a high price, according to new research by Stephen Machin, Sandra McNally and Jenifer Ruiz-Valenzuela. Their study, published in the week when thousands of young people are going back to school to face high-stakes summer exams, explores what happened to those who took the GCSE English exam in 2013.  
09 April 2018
ESRC Research Institutes launched

Today for the first time, the Economic and Social Research Council (ESRC) is to recognise its global centres of excellence with official ESRC Research Institute status. The move acknowledges those centres which have demonstrated sustained strategic value to the Council, as well as to the broader social science research landscape, with long-term, five-year funding.  Launching as one of the first ESRC Research Institutes will be the Centre for Economic Performance (CEP).

14 March 2018
GET HAPPY UK immigrants typically converge on higher life satisfaction than in their home countries – World Happiness Report 2018
Immigrants tend to become about as happy as the rest of the population in their new countries, although they continue to have a ‘footprint’ from the happiness level in their countries of birth. That is one of the central findings in the World Happiness Report 2018, which is published at the Vatican on Wednesday 14 March.
01 March 2018
New research findings from the Centre for Economic Performance highlighted in the Spring 2018 CentrePiece magazine
New research reports from the Centre for Economic Performance (CEP)  at the London School of Economics are highlighted in the Spring 2018 CentrePiece magazine. Among the findings:  APPRENTICESHIPS: High potential payoffs but variation by subject specialism;  BREXIT: Leave vote benefited from feelings of social and economic exclusion; HOUSING: Planning policy creates more empty homes and longer commutes;  FAMILY FIRMS: The weak management practices of second-generation bosses; PRE-SCHOOL: Free entitlement to early education has failed to deliver benefits; ITALIAN PRODUCTIVITY: Long-lasting stagnation in Europe’s ‘sleeping beauty’;  LOCAL LABOUR MARKETS: Tools for analysing effects of place-based policies;  LOST EINSTEINS: American evidence on who grows up to be an inventor  
20 February 2018
Global Happiness Policy Report 2018

The Global Happiness Policy Report 2018, published on 19 February 2018, contains the first attempts by the Global Happiness Council, to assemble possible best practices for happiness policy. It helps to fill the gap between the science of happiness and its policy applications.

22 January 2018
THE ORIGINS OF HAPPINESS: New book on the science of wellbeing over the life course
A new book by Professor Richard Layard and colleagues presents evidence on the origins of happiness drawing on unique survey data on over 100,000 individuals in Australia, Germany, the UK and the United States.