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01 September 2020
Majority of Urban Workers in India Received No Pay For A Month Or More During Lockdown
A majority (52 per cent) of urban workers in India went at least a month without work, pay or any financial assistance during the lockdown, a new analysis finds. Financial assistance from the government or employers was available to just a quarter of the workforce - with informal workers least likely to benefit.
17 August 2020
Covid-19 Recession is Having a Disproportionate Impact on the Most Vulnerable
Individuals who are young, low-paid, black, in self-employment, those who have low education levels or live in large families have been disproportionately affected by the current recession, a new analysis finds. The report What can previous recessions tell us about the Covid-19 downturn? published today by the LSE’s Centre for Economic Performance (CEP), shows that these groups are more likely to have lost their jobs, not be working any hours or had their pay cut in the current crisis. And the report authors - Brian Bell, Mihai Codreanu and CEP director Stephen Machin – warn that because the current crisis is generating the largest economic shock to the UK since at least the 1980s there is scope for long-term scars to cut even deeper than in the past.
29 July 2020
Brexit Hit Looms for Industries that Escaped Worst of Pandemic
Businesses that have escaped the worst effects of the economic fallout from the Covid-19 pandemic are typically in sectors which are more likely to feel the impacts of Brexit, a new analysis finds. The report Covid-19 and Brexit: Real-time updates on business performance in the United Kingdom published today by the LSE’s Centre for Economic Performance (CEP) shows that sectors which entail more human contact such as airlines, restaurants, hotels and arts and entertainment have been hardest hit. Meanwhile those sectors that rely more on business-to-business demand, and which can be delivered virtually, have been less hard hit - these sectors include ICT services and professional, technical and scientific industries such as accounting, legal activities and scientific research.
15 July 2020
Big rise in domestic abuse calls during lockdown
Analysis shows dramatic rise in number of calls from neighbours
15 July 2020
The Covid-19 issue
New research from the Centre for Economic Performance in the Summer 2020 CentrePiece magazine
02 July 2020
Build Back Better: The Five Key Areas For a Post-Pandemic Recovery
The five key areas in which investment is essential to ensure a post-pandemic recovery that “builds back better”, have been laid out in a new report. By taking action on infrastructure, education, innovation, the environment and local governance, the government can boost the confidence of households and businesses, and avoid fears of an economic depression becoming a self-fulfilling reality, the report authors say. Strategy, Investment and Policy for a Strong and Sustainable Recovery: An Action Plan – which is published today by the Centre for Economic Performance (CEP) and the Grantham Research Institute on Climate Change and the Environment, both at LSE - warns that the Covid-19-induced recession must not mean a return to austerity. In planning for recovery, the authors advocate a broad and bold strategy that can get the UK on track to reach net-zero emissions by 2050. Such a strategy should also focus on helping to improve outcomes for disadvantaged children in school, providing job guarantees for workers displaced in the crisis, strengthening the UK’s research and development capabilities and investing in productivity-enhancing sustainable infrastructure projects that create more liveable cities, cleaner air and improved wellbeing.
28 May 2020
COVID GENERATION FACES ‘DARK AGE’ OF LOW SOCIAL MOBILITY
The unprecedented economic and educational shocks of the Covid-19 pandemic could inflict long-term damage to young people’s prospects in life, a new study finds. According to the authors, the ‘Covid generation’ - young Britons currently under the age of 25 - face declining social mobility unless bold moves are made to create a fairer society - including a job guarantee scheme for those facing long-term unemployment and catch-up tutoring for disadvantaged children.
22 May 2020
MORE THAN A THIRD OF SELF-EMPLOYED LACK MONEY FOR BASICS - Four-in-five app workers say they fear their health is at risk
The Covid-19 shock is one of the largest economic shocks that has taken place in living memory. While current official data only picks up the very start of the crisis, the Bank of England recently warned that unemployment is likely to exceed the heights of the global financial crisis and that GDP could plunge by 14% in 2020, marking the deepest recession for centuries. In response to the shock, the UK government has extended Universal Credit, introduced numerous forms of direct support to business and most strikingly is now paying the wage bill of 7.5 million furloughed private sector workers.
14 May 2020
COVID-19 PANDEMIC IS WIDENING GENDER GAPS AT WORK AND HOME But the crisis could lead to more equal childcare roles in the long term, say economists
Women are more likely to lose their jobs than men in the Covid-19 economic crisis – and they are more likely to be taking on extra housework and childcare whether working or not, says research published today. The study from the LSE’s Centre for Economic Performance finds that, unlike the previous Great Recession, the downturn triggered by Covid-19 and the lockdown has the potential to result in more women losing jobs than men – as female-dominated sectors such as hospitality face devastation.
07 May 2020
Economists warn it may not be feasible for schools to make up time lost to Covid-19 lockdown
The closure of schools in response to the Covid-19 pandemic has 'opened up a chasm' between pupils with involved parents who attend outstanding schools and children who don’t enjoy such advantages, according to new research. The study by the Centre for Economic Performance (CEP) at LSE shows that previous unexpected shutdowns have had a 'quite large' impact on children’s education. Read in full here.
24 April 2020
Economists Call for a Lockdown Decision Based on People's Wellbeing
In choosing when to end the lockdown, policy-makers have to balance the impact of the decision upon incomes, unemployment, mental health, public confidence and many other factors, as well as (of course) upon the number of deaths from COVID-19. To facilitate the decision it is helpful to forecast each factor using a single metric. We use as our metric the number of Wellbeing-Years resulting from each date of ending the lockdown. This new metric makes it possible to compare the impact of each factor in a way that is relevant to all public policy decisions.
20 March 2020
Coronavirus fight shows the urgency of building a more co-operative culture
Fears of disrupting economic growth have cost lives, says happiness expert Professor Richard Layard. Read in full here.
06 March 2020
How An Unequal Industry Was Born
New research shows the seismic effect of television on the wages of actors, musicians and dancers.
04 March 2020
Only Half of Self-Employed Workers Are Happy With Their Hours
Only half of all self-employed workers are happy with their hours, according to new research that suggests that the current high levels of employment in the UK are masking significant under-employment among some workers. The research, published by the Centre for Economic Performance (CEP) at the London School of Economics, also finds less-educated young men working in the ‘gig economy’ – mostly delivery and private hire drivers – are the self-employed workers who are most likely to want conventional jobs.
26 February 2020
Artificial Intelligence Could Help Protect Victims of Domestic Violence
New research shows how to predict repeat violent attacks, allowing police to target prevention work more accurately.
13 February 2020
New report finds decisive policy action could bring UK big opportunities from zero-emission and autonomous vehicles
Zero-emission and autonomous vehicles present significant growth potential for the UK, and diverse employment opportunities, according to a new report published today (13 February 2020). The report ‘Seizing sustainable growth opportunities from zero-carbon passenger vehicles in the UK’ finds that UK-based manufacturing of selected zero-emission and autonomous vehicle components could be worth £16.8 billion per year by 2030 and could sustain up to 80,000 jobs, but only with the right set of flexible policy measures, incentives and regulation. The report is the first in a series by the Grantham Research Institute on Climate Change and the Environment, and the Centre for Economic Performance (CEP) both at the London School of Economics and Political Science (LSE). The series will present the institutional and policy frameworks required to stimulate investments in innovation, infrastructure, skills and cities needed to return the UK to long-term and inclusive growth.
21 January 2020
The course that can make you happier than getting married or finding a job
New research launched today  has found that taking a happiness course in your local area can raise your life satisfaction by more than getting a long-term partner or finding employment. The “Exploring What Matters” course developed by the UK charity Action for Happiness - and backed by the Dalai Lama - has been evaluated by a randomised controlled trial (RCT) carried out by academic experts from the Centre for Economic Performance at the London School of Economics, the Wellbeing Research Centre at Oxford University and University College London as part of the evidence programme of the What Works Centre for Wellbeing.
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