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Al Jazeera TV

Theresa May's snap election: smart, risky or cynical?

Al Jazeera speaks to three analysts about the reasons for May's surprise move and the vote's impact on Brexit talks.

The main reason for May's move is that Labour is considered very weak - Corbyn is not popular and therefore the PM sees an opportunity here. Another reason in the background is that May can possibly pick up a few votes from the UK Independence Party (UKIP), which pushed very much for the referendum. UKIP does not have a single MP in parliament, however they get quite a significant share of the vote across the country and I think the PM wants to sweep up a large share of that vote. So It seems fairly clear that May will gain quite a few seats in this snap election - I think, ironically, this might lead to a softer version of Brexit. I say ironic because May so far has been advocating a hard Brexit but the reason she might get a softer Brexit out of this is because she will no longer be as dependent on some of the hard-line, pro-Brexit MPs so she will have more flexibility when it comes to negotiations with Brussels. By softer Brexit, in particular I would mean the transition period that might have the same circumstances in place as we already have right now - and that might actually quite a few years.


Related Links:
Al Jazeera TV - Theresa May's snap election: smart, risky or cynical?

CEP Trade

Dennis Novy webpage



News Posted: 20/05/2017      [Back to the Top]

Al Jazeera TV

Theresa May calls snap general election for June 8

Dennis Novy,…told Al Jazeera that the “biggest prize” of an early election for May could potentially come from her own party.


Related Links:
Al Jazeera TV - Theresa May calls snap general election for June 8

CEP Trade

Dennis Novy webpage



News Posted: 20/05/2017      [Back to the Top]

Arian seis blog (Spanish)

Un viaje por la política. Y un poco de arte/A journey through the policy. And some art

In a 2015 article by Mark Muro and Scott Andes 'Don't you blame robots for lost industrial jobs', a thesis set out that robots not guilty of creating job loss, without entering the debate it seems to me relevant paravisualizar the implementation of industrial robots, picture taken from Graetz-contributing yMichaels, "Robots at work" forthe number of robots per million hours worked , between the anos1993/2007. Interesting to see growth in this period, doblandosu number in Italy, France, between double and triple in Germany, Korea, Spain, USA, Netherlands and below the double in Switzerland and United Kingdom.

 

Related publications

Robots at work: the impact on productivity and jobs Georg Graetz and Guy Michaels. Article in CentrePiece, Volume 20, Issue 1 Summer 2015


Related Links:
Arian seis blog (Spanish) - Un viaje por la política. Y un poco de arte/A journey through the policy. And some art

Robots at work: the impact on productivity and jobs

CEP Labour Markets

Georg Graetz webpage

Guy Michaels webpage



News Posted: 18/04/2017      [Back to the Top]

Oye!Times

The economic impact of Brexit a no-win situation

A paper by Swati Dhingra, Gianmarco Ottaviano, Thomas Sampson and John Van Reenen at the Centre for Economic Performance at the London School of Economics and Political Science examines the economic consequences of the United Kingdom’s exit from the European Union on both the U.K. and the European Union as a whole.  With the European Union being the U.K.’s largest trading partner, Brexit will obviously have a significant impact on both economies since tariff and non-tariff barriers to trade would change.

Related publications

‘The consequences of Brexit for UK trade and living standards’, Swati Dhingra, Gianmarco Ottaviano, Thomas Sampson and John Van Reenen, CEP BREXIT Analysis Paper No.2, March 2016

http://cep.lse.ac.uk/pubs/download/brexit02.pdf


Related Links:
Oye!Times - The economic impact of Brexit a no-win situation

CEP Trade

CEP Growth

Swati Dhingra webpage

Gianmarco Ottaviano webpage

Thomas Sampson webpage

John Van reenen webpage



News Posted: 18/04/2017      [Back to the Top]

Il Sole24 Ore (Italy)

May, mossa cinica ma servirà a fare più chiarezza/ May, cynical move but will serve to make clearer

Article by Gianmarco Ottaviano

A commentary about the UK snap election and referring to CEP work with Swati Dhingra, Hanwei Huang, Joao Paulo Pessoa, Thomas Sampson and John Van Reenen.

http://www.ilsole24ore.com/art/commenti-e-idee/2017-04-18/mossa-cinica-ma-servira-fare-piu-chiarezza-215951.shtml?uuid=AEna6J7

 

Related publications

Brexit or Fixit? The Trade and Welfare Effects of Leaving the European Union G.I.P. Ottaviano, Joao Paulo Pessoa, Thomas Sampson and John Van Reenen, CEP Policy Analysis No.16, May 2014

BREXIT 2016: Policy Analysis from the Centre for Economic Performance Holger Breinlich, Swati Dhingra, Saul Estrin, Hanwei Huang, Gianmarco Ottaviano, Thomas Sampson, John Van Reenen and Jonathan Wadsworth, CEP Brexit Analysis Paper No.8, June 2016


Related Links:
Il Sole24 Ore (Italy) - May, mossa cinica ma servirà a fare più chiarezza/ May, cynical move but will serve to make clearer

CEP Trade

Gianmarco Ottaviano webpage



News Posted: 18/04/2017      [Back to the Top]

The National (Scotland)

Gordon MacIntyre-Kemp: It's time to get real about post-Brexit trade with India

AN oft-repeated mantra of the Westminster Brexiteers is that any trade decrease with the EU post-Brexit will be more than compensated for by increased trade with India. There is absolutely no evidence to support this viewpoint and although trade may increase it won’t always be to the UK’s benefit. The truth is that the UK will have to start from scratch in all of its global trade deals and those trade deals can’t be agreed until AFTER the UK’s deal with the EU – as that deal (if there is one) could affect all others. Currently as much as 44 per cent of the UK’s exports go to the EU and that amounts to £240bn a year, so a fall in exports to the EU after Brexit would dwarf the hoped for £2bn from India. The Centre for Economic performance at the London School of Economics has suggested that Brexit will reduce UK GDP by between £26bn with an EU trade deal and £55bn with no deal. So even if the £2bn growth repeated every year for 10 years it couldn’t replace the economic activity we are walking away from.

Related publications

‘The consequences of Brexit for UK trade and living standards’, Swati Dhingra, Gianmarco Ottaviano, Thomas Sampson and John Van Reenen, CEP BREXIT Analysis Paper No.2, March 2016

http://cep.lse.ac.uk/pubs/download/brexit02.pdf

‘The Costs and Benefits of Leaving the EU: Trade Effects’, Swati Dhingra, Gianmarco Ottaviano, Joao Paulo Pessoa, Thomas Sampson and John Van Reenen, Technical Paper to CEP Brexit Analysis Paper No.2, March 2016

http://cep.lse.ac.uk/pubs/download/brexit02_technical_paper.pdf


Related Links:
The National (Scotland) - Gordon MacIntyre-Kemp: It's time to get real about post-Brexit trade with India

CEP Trade

CEP Growth

Swati Dhingra webpage

Gianmarco Ottaviano webpage

Thomas Sampson webpage

John Van reenen webpage



News Posted: 15/04/2017      [Back to the Top]

Stuff (New Zealand)

Study shows we're happiest at ages 23 and 69

Millennials and baby boomers have something in common after all. A study of 23,000 Germans aged 17-85 has pinpointed the ages which people report being happiest. The survey, conducted by the Centre for Economic Performance, asked participants how happy they were with their lives and to predict how they would feel in five years' time.The same people were asked to report on  their levels of life satisfaction five years later. "The study found that life happiness follows a U-shaped curve, peaking at the age of 23 and then again at 69," The Independent reported.


Related Links:
Stuff (New Zealand) - Study shows we're happiest at ages 23 and 69

Unmet Aspirations as an Explanation for the Age U-Shape in Human Wellbeing

CEP Wellbeing

Hannes Schwandt webpage



News Posted: 15/04/2017      [Back to the Top]

Eurasia Review

Robots and jobs: evidence from the US – analysis

Article by Daron Acemoglu and Pascual Restrepo

Cites research by Goos and Manning (2007), Michaels, Natraj and Van Reenen (2014) and by Graetz and Michaels (2015).

Related publications

Goos, M and A Manning (2007) “Lousy and Lovely Jobs: The Rising Polarization of Work in Britain,” The Review of Economics and Statistics, 89(1): 118-133.

Michaels, G, A Natraj and J Van Reenen (2014) “Has ICT Polarized Skill Demand? Evidence from Eleven Countries over Twenty-Five Years,” Review of Economics and Statistics, 96(1): 60–77.

10.1162/REST_a_00366; http://www.mitpressjournals.org/doi/abs/10.1162/REST_a_00366#.WPjbfk2GOUk


Related Links:
Eurasia Review - Robots and jobs: evidence from the US – analysis

Robots at work: the impact on productivity and jobs

CEP Labour Markets

Georg Graetz webpage

Guy Michaels webpage

Alan Manning webpage



News Posted: 14/04/2017      [Back to the Top]

Clarin (Spain)

Disney reemplazará a los personajes humanos de sus parques por androides inteligentes/Disney will replace the human characters of their parks with intelligent androids

Other economists such as Guy Michaels (London School of Economics) and Georg Graetz (Uppsala University), estimated that robots contributed about 0.37 points to annual growth of the GDP, one-tenth of the total growth. This contribution of the machines is comparable to what was in the 19th century railroad or highways in the 20th.

 

Related publications

Robots at work: the impact on productivity and jobs Georg Graetz and Guy Michaels. Article in CentrePiece, Volume 20, Issue 1 Summer 2015

'Robots at Work', Georg Graetz and Guy Michaels, Centre for Economic Performance Discussion Paper No.1335, March 2015


Related Links:
Clarin (Spain) - Disney reemplazará a los personajes humanos de sus parques por androides inteligentes/Disney will replace the human characters of their parks with intelligent androids

Robots at work: the impact on productivity and jobs

CEP Labour Markets

Georg Graetz webpage

Guy Michaels webpage



News Posted: 13/04/2017      [Back to the Top]

Retina

Automatización Estos economistas calculan cuántos empleos quita cada robot/These economists calculated how many employees lose their jobs to robots

Systematic and empirical studies on this subject have not been common currency. Other two economists, Guy Michaels (London School of Economics) and Georg Graetz (Uppsala University), developed two years ago a report that compiled data from 14 different industries in 17 developed countries. According to their data, the robots increased productivity and wages.

Related publications

Robots at work: the impact on productivity and jobs Georg Graetz and Guy Michaels. Article in CentrePiece, Volume 20, Issue 1 Summer 2015

'Robots at Work', Georg Graetz and Guy Michaels, Centre for Economic Performance Discussion Paper No.1335, March 2015


Related Links:
Retina - Automatización Estos economistas calculan cuántos empleos quita cada robot/These economists calculated how many employees lose their jobs to robots

Robots at work: the impact on productivity and jobs

CEP Labour Markets

Georg Graetz webpage

Guy Michaels webpage



News Posted: 13/04/2017      [Back to the Top]

Economics of Transition Volume 25, Issue 2 Pages 139 - 373, April 2017 Special Issue: Special Issue on the Economics of the Middle East and North Africa (MENA)

Introduction to the Special Issue on the Economics of the Middle East and North Africa (pages 141–148)

Volume 25, Issue 2 Pages 139 - 373, April 2017 

Philippe Aghion, Ralph de Haas, Guido Friebel, Sergei Guriev and Jan Luksic

DOI: 10.1111/ecot.12129


Related Links:
Economics of Transition Volume 25, Issue 2 Pages 139 - 373, April 2017 Special Issue: Special Issue on the Economics of the Middle East and North Africa (MENA) - Introduction to the Special Issue on the Economics of the Middle East and North Africa (pages 141–148)

CEP Growth

Philippe Aghion webpage



News Posted: 12/04/2017      [Back to the Top]

Economist – Free exchange blog

Money Talks – Podcast: the remarkable calmness of gold

Swati Dhingra radio interview with Soumaya Keynes on what Britain’s economists really think about the impacts of Brexit.

Related links

Swati Dhingra CEP publications webpage:  http://cep.lse.ac.uk/_new/publications/author.asp?author=dhingra


Related Links:
Economist – Free exchange blog - Money Talks – Podcast: the remarkable calmness of gold

CEP Trade

Swati Dhingra webpage



News Posted: 12/04/2017      [Back to the Top]

El Pais – Retina (Spain)

Automatización Estos economistas calculan cuántos empleos quita cada robot/Automation these economists calculated how many jobs removed by each robot

Systematic and empirical studies on this subject have not been common currency. Other economists, Guy Michaels (London School of Economics) and Georg Graetz (Uppsala University), developed two years ago a report that compiled data from 14 different industries in 17 developed countries.

Related publications

Robots at work: the impact on productivity and jobs Georg Graetz and Guy Michaels. Article in CentrePiece Volume 20, Issue 1, Summer 2015 (http://cep.lse.ac.uk/pubs/download/CentrePiece_20_1.pdf)


Related Links:
El Pais – Retina (Spain) - Automatización Estos economistas calculan cuántos empleos quita cada robot/Automation these economists calculated how many jobs removed by each robot

Robots at work: the impact on productivity and jobs

CEP Labour Markets

Georg Graetz webpage

Guy Michaels webpage



News Posted: 12/04/2017      [Back to the Top]

LSE Business Review blog

Home ownership is falling faster for young people whose parents didn't own a house

Research points to a growing wealth inequality between the generations in the UK, write Jo Blanden and Stephen Machin.

It is well known that home ownership rates have been falling rapidly among young people. Linking own home ownership with parental home ownership, our new paper demonstrates that the sharpest falls occurred for those who grew up in families where their parents did not own their homes. Given the link between home ownership and wealth, the findings indicate growing intergenerational inequality in wealth.

 


Related Links:
LSE Business Review blog - Home ownership is falling faster for young people whose parents didn't own a house

Home Ownership and Social Mobility

CEP Labour Markets

Jo Blanden webpage

Stephen Machin webpage



News Posted: 12/04/2017      [Back to the Top]

ESRC blog

How English care homes have coped with the National Living Wage

Article by Giulia Giupponi and Stephen Machin. The authors have been advising the Low Pay Commission on the impact of the National Living Wage on English care homes. On 1 April, all five UK minimum wage rates were increased (PDF), a year on from introduction of the National Living Wage (NLW) for workers aged 25 and over with a rate of £7.20 an hour. Rates for younger workers remained at the level of the existing National Minimum Wage (NMW). The NLW is set to achieve the 2020 target of 60 per cent of median earnings. Given the scale of the change – a 7.5 per cent increase at the time of the NLW introduction (PDF) – and the ambitious target set for 2020, a natural question is the impact on employment and other margins of adjustment by firms. To answer these questions we collected data on workers and firms in the residential care sector. Having many low-paid workers and being very labour-intensive, this sector is highly vulnerable to minimum wage increases. The regulation of resident fees by local authorities also limits the ability to pass on higher costs in the form of higher prices.


Related Links:
ESRC blog - How English care homes have coped with the National Living Wage

CEP Labour Markets

Giulia Giupponi webpage

Stephen Machin webpage



News Posted: 12/04/2017      [Back to the Top]

elColombiano.com (Spain)

El divorcio mas caro de la historia: 65.100 millones

For its part, the Bank of England has acknowledged unable to calculate the real impact of the Brexit on the British economy, but forwards to the always prestigious London School of Economics (LSE), which in a report estimated a reduction of 9.5% of GDP if he is not a favorable deal with the EU and 2.2% in the course of May and their negotiators to achieve an agreement of free trade with the Union.

Related publications

The complete set of CEP Brexit Analysis papers is available in one publication. Download from here.


Related Links:
elColombiano.com (Spain) - El divorcio mas caro de la historia: 65.100 millones

CEP Growth

CEP Trade

Swati Dhingra webpage

Thomas Sampson webpage

Gianmarco Ottaviano webpage

John Van reenen webpage



News Posted: 11/04/2017      [Back to the Top]

Financial Times

Economists point finger of blame over Brexit forecasts

On Monday, Swati Dhingra of the London School of Economics told the Royal Economic Society annual conference that most academic economists had predicted a 1-3 per cent fall in economic output by five years after Britain left the EU and a fall of anything from 2 to 8 per cent after 15 years. Short-term forecasts from the Treasury and private-sector economists had been wrong, she said, adding that “those are the economists that have many different kinds of financial incentives and political constraints”. She said there was a skewed debate in the media and “the main blame lies with the BBC”. The broadcaster created a false impression of disagreement among economists, she said.

Related links

Swati Dhingra CEP publications webpage:  http://cep.lse.ac.uk/_new/publications/author.asp?author=dhingra


Related Links:
Financial Times - Economists point finger of blame over Brexit forecasts

CEP Trade

Swati Dhingra webpage



News Posted: 11/04/2017      [Back to the Top]

Bloomberg View

Management practices matter more than you think

Management consultants face perennial questions about what value they add to companies. But management practices go a long way toward explaining why some businesses perform better than others, an important new analysis shows. Perhaps management consultants are onto something after all.


Related Links:
Bloomberg View - Management practices matter more than you think

What Drives Differences in Management?

CEP Growth

Nick Bloom webpage

John Van reenen webpage



News Posted: 11/04/2017      [Back to the Top]

Harvard Business Review

The different approaches firms use to set strategy

What is your strategy? Most senior executives can confidently answer this question. How has that strategy changed over time? This one usually gets a quick answer too. How do you make decisions about changing that strategy? Now it gets much more difficult. The fact is, many senior executives struggle to describe how they make strategic decisions. That’s a serious problem, since the process for making strategic decisions can shape the strategy itself. Making a strategy without knowing your process is like sailing without a compass. You are setting yourself up for a long, stressful journey. Even worse, if you eventually reach your destination, you may not realize that you’re in the right place.


Related Links:
Harvard Business Review - The different approaches firms use to set strategy

CEP Growth

Nick Bloom webpage

Raffaella Sadun webpage



News Posted: 10/04/2017      [Back to the Top]

Cato Institute – Cato at Liberty

Wage effects of immigration are small

Immigration has small long-run relative wage impacts on American workers by education (Figure 1). These estimates are the most popular and widely cited in the immigration debate. They were completed by George Borjas and Gianmarco Ottaviano and Giovanni Peri. Their findings are very close but diverge most appreciably for the wages of dropouts, even though the effect is small and positive for all native-born workers lumped together. According to the 2015 American Community Survey, 9.4 percent of native-born Americans over the age of 25 are dropouts. Thus, over 90 percent of American workers are in education-skill categories where relative wages immigration increased relative wage, according to the most negative finding (Figure 1).

 

Related publications

‘Rethinking the effect of immigration on wages’, Giovanni Peri and Gianmarco Ottaviano, Journal of the European Economic Association, Volume 10, Issue 1, February 2012

DOI: 10.1111/j.1542-4774.2011.01052.x

http://onlinelibrary.wiley.com/doi/10.1111/j.1542-4774.2011.01052.x/pdf


Related Links:
Cato Institute – Cato at Liberty - Wage effects of immigration are small

Immigration, Offshoring and American Jobs

CEP Trade

Gianmarco Ottaviano webpage



News Posted: 10/04/2017      [Back to the Top]

CEP and Public Affairs

Open calls for evidence

Looking to identify opportunities to promote your research in Parliament? Are you drafting written evidence or have you been invited to appear in front of a select committee?

Check out this ‘Top 10’ list to get started and contact the public affairs team for advice: Comms.Publicaffairs@lse.ac.uk


Related Links:


News Posted: 10/04/2017      [Back to the Top]

CEP publications citations

‘Robots and jobs: Evidence from the US', Daron Acemoglu and Pascual Restrepo, Vox article, 10 April 2017

CEP Research cited

Bloom, N, M Draca, and J Van Reenen (2016) “Trade Induced Technical Change? The Impact of Chinese Imports on Innovation, IT and Productivity,” The Review of Economic Studies, 83(1): 87–117.

DOI: https://doi.org/10.1093/restud/rdv039

Goos, M and A Manning (2007) “Lousy and Lovely Jobs: The Rising Polarization of Work in Britain,” The Review of Economics and Statistics, 89(1): 118-133.

http://www.mitpressjournals.org/doi/pdf/10.1162/rest.89.1.118

Graetz, G and G Michaels (2015) “Robots at Work,” CEP Discussion Paper No 1335, March 2015

http://cep.lse.ac.uk/pubs/download/dp1335.pdf

Michaels, G, A Natraj and J Van Reenen (2014) “Has ICT Polarized Skill Demand? Evidence from Eleven Countries over Twenty-Five Years,” Review of Economics and Statistics, 96(1): 60–77.

http://www.mitpressjournals.org/doi/pdf/10.1162/REST_a_00366


Related Links:
CEP publications citations - ‘Robots and jobs: Evidence from the US', Daron Acemoglu and Pascual Restrepo, Vox article, 10 April 2017

Robots at work: the impact on productivity and jobs



News Posted: 10/04/2017      [Back to the Top]

LBC Radio

Iain Dale

Dennis Novy gave a live radio interview with LBC Radio with Iain Dale. In the light of President Trump’s statements on trade, the topic was whether free trade was a good feature for the economy, and why trade sometimes creates losers.

 


Related Links:
LBC Radio - Iain Dale

CEP Trade



News Posted: 10/04/2017      [Back to the Top]

City A.M.

What the other papers say this morning

Snippet: ...y and private sector colleagues for giving the impression that all economists made the wrong calls on Brexit. Short-term forecasts from the Treasury and private sector economists had been wrong, said Swati Dhingra of the London School of Economics, adding that “those ...

Related links

Swati Dhingra CEP publications webpage:  http://cep.lse.ac.uk/_new/publications/author.asp?author=dhingra


Related Links:
City A.M. - What the other papers say this morning

CEP Trade

Swati Dhingra webpage



News Posted: 10/04/2017      [Back to the Top]

Livemint

GDP is a flawed but magical indicator

In 2013, Nicholas Oulton of the London School of Economics’ Center for Economic Performance wrote a paper to disprove the notion that the UK’s economic growth had been overestimated because official calculations overstated the contribution of banking to GDP. He showed that “if banking output has been overstated, then the output of some other industry or industries must have been understated”.

Related publications

Has the Growth of Real GDP in the UK been Overstated because of Mis-Measurement of Banking Output? Nicholas Oulton, CEP Occasional Paper No.33, January

 

Related links

Nicholas Oulton CEP publications webpage:  http://cep.lse.ac.uk/_new/publications/author.asp?author=oulton


Related Links:
Livemint - GDP is a flawed but magical indicator

CEP Growth



News Posted: 10/04/2017      [Back to the Top]

Moneyweb (Africa)

The GDP is a flawed but magical indicator

In 2013, Nicholas Oulton of the London School of Economics’ Center for Economic Performance wrote a paper to disprove the notion that UK economic growth had been overestimated because official calculations overstated the contribution of banking to GDP. He showed that “if banking output has been overstated, then the output of some other industry or industries must have been understated.” 

Related publications

Has the Growth of Real GDP in the UK been Overstated because of Mis-Measurement of Banking Output? Nicholas Oulton, CEP Occasional Paper No.33, January

Related links

Nicholas Oulton CEP publications webpage:  http://cep.lse.ac.uk/_new/publications/author.asp?author=oulton


Related Links:
Moneyweb (Africa) - The GDP is a flawed but magical indicator

CEP Growth



News Posted: 09/04/2017      [Back to the Top]

LA NACION (Argentina)

Felicidad, la más adecuada medida del progreso social

El l World Happiness Report 2017 se dio a conocer públicamente el 20 de marzo, Día Mundial de la Felicidad, en la sede de las Naciones Unidas en Nueva York. Asistí invitada por Jeffrey Sachs, Richard Layard y John Helliwell -los tres editores del informe- a integrar el grupo de expertos que participó del lanzamiento y la conferencia donde se analizaron los resultados.

Related publications

Helliwell, J., Layard, R., & Sachs, J. (2017). World Happiness Report 2017, New York: Sustainable Development Solutions Network. ISBN 978-0-9968513-5-0

http://worldhappiness.report/


Related Links:
LA NACION (Argentina) - Felicidad, la más adecuada medida del progreso social

CEP Wellbeing

Richard Layard webpage



News Posted: 08/04/2017      [Back to the Top]

Handelszeitung (Germany)

Fähige Manager bringen Firmen vorwärts: Das ist der Beweis/ Capable Manager advance companies: this is proof

Every ship needs an experienced Commander, and each company a capable management. But how exactly are good business leaders to the success? The researcher Stefan Bender, Nicholas Bloom, David card, John Van Reenen and Stefanie Wolter have examined this question in a study published in 2016.  The result: Advanced management methods and practices that increase productivity. Well-run companies deliberately set the better qualified staff and managers and bind them in the long term in itself. Researchers rely on the world management survey (WMS). This quantifies the quality of management since 2002 on the basis of interviews. The respondents rank the quality of the management of a company (management score) (in a scale from 1 (bad) to 5 good) a. The scale makes to the quality of governance practices in different countries and sectors comparable.

 


Related Links:
Handelszeitung (Germany) - Fähige Manager bringen Firmen vorwärts: Das ist der Beweis/ Capable Manager advance companies: this is proof

Management Practices, Workforce Selection and Productivity

CEP Growth

Nick Bloom webpage

John Van reenen webpage



News Posted: 08/04/2017      [Back to the Top]

The Gulf Time – Emirates in Business

The GDP is a flawed but magical indicator

All the back and forth about how GDP is calculated is only possible because, despite all the flaws, the measure somehow ends up feeling right. The distortions often end up canceling themselves out. In 2013, Nicholas Oulton of the London School of Economics’ Center for Economic Performance wrote a paper to disprove the notion that UK economic growth had been overestimated because official calculations overstated the contribution of banking to GDP.

Related publications

Has the Growth of Real GDP in the UK been Overstated because of Mis-Measurement of Banking Output? Nicholas Oulton, CEP Occasional Paper No.33, January

 

Related links

Nicholas Oulton CEP publications webpage:  http://cep.lse.ac.uk/_new/publications/author.asp?author=oulton


Related Links:
The Gulf Time – Emirates in Business - The GDP is a flawed but magical indicator

CEP Growth



News Posted: 08/04/2017      [Back to the Top]

The China Post

What's at stake as President Trump sits down with China's Xi

At the end of the day the two countries not only drive the world economy but also rely critically on one another, a fact that should moderate the decisions of these two strong-willed leaders. In fact, my research (with fellow economists Giovanni Peri and Gianmarco Ottaviano) has highlighted the economic risks of miscalculating on trade deals, particularly those with developing countries.


Related Links:
The China Post - What's at stake as President Trump sits down with China's Xi

Immigration, Offshoring and American Jobs

CEP Trade

Gianmarco Ottaviano webpage



News Posted: 07/04/2017      [Back to the Top]

Arian Seis (Spain)

Robots. It will change the way of relating to, and thinking

Decrease costs of robotic and increased productivity that cause, generates high added value in many sectors proportionally using very little capital invested, it will boost capital to use Automation replacing traditional labour-in the Studio 'Robots at Work. 2015' Graetz and Michels for the period 1993 / 2007 outlined a decrease of the cost at a 80%-money flies gushes to invest in artificial intelligence, AI, the new philosopher's stone to accumulate power and wealth.

Related publications

Robots at work: the impact on productivity and jobs Georg Graetz and Guy Michaels. Article in CentrePiece Volume 20, Issue 1, Summer 2015 (http://cep.lse.ac.uk/pubs/download/CentrePiece_20_1.pdf)


Related Links:
Arian Seis (Spain) - Robots. It will change the way of relating to, and thinking

Robots at work: the impact on productivity and jobs

CEP Labour Markets

Georg Graetz webpage

Guy Michaels webpage



News Posted: 07/04/2017      [Back to the Top]

CEP research citations

Cited in: ‘Future Shock? The Impact of Automation on Canada's Labour Market', Matthias Oschinski and Rosalie Wyonch, Institut C.D. HOWE Institute, Commentary No. 472, March 2017

isbn 978-1-987983-22-7

issn 0824-8001 (print);

issn 1703-0765 (online)

Cited publication:   ‘Robots at Work’, Georg Graetz and Guy Michaels, Centre for Economic Performance Discussion Paper No.1335, March 2015


Related Links:
CEP research citations - Cited in: ‘Future Shock? The Impact of Automation on Canada's Labour Market', Matthias Oschinski and Rosalie Wyonch, Institut C.D. HOWE Institute, Commentary No. 472, March 2017

Robots at work: the impact on productivity and jobs

CEP Labour Markets

Georg Graetz webpage

Guy Michaels webpage



News Posted: 06/04/2017      [Back to the Top]

BBC Radio 4

In Business

John Van Reenen interviewed about French productivity.

The programme is also available as a podcast here: http://www.bbc.co.uk/programmes/p02nrwfk/episodes/downloads


Related Links:
BBC Radio 4 - In Business

CEP Growth

John Van reenen webpage



News Posted: 06/04/2017      [Back to the Top]

The Conversation

What's at stake as President Trump sits down with China's Xi

At the end of the day the two countries not only drive the world economy but also rely critically on one another, a fact that should moderate the decisions of these two strong-willed leaders. In fact, my research (with fellow economists Giovanni Peri and Gianmarco Ottaviano) has highlighted the economic risks of miscalculating on trade deals, particularly those with developing countries.


Related Links:
The Conversation - What's at stake as President Trump sits down with China's Xi

Immigration, Offshoring and American Jobs

CEP Trade

Gianmarco Ottaviano webpage



News Posted: 05/04/2017      [Back to the Top]

Bloomberg View

The Scottish antidote to Trumpism

Gone are Salmond's references to the Scottish wealth that the country isn't allowed to manage for its own benefit. Gone is the boastful Salmond reference to Scotland being "the 14th richest country in the developed world," wealthier than the U.K. Instead, Sturgeon is talking about happiness levels as measured by a group of U.S. economists led by Jeffrey Sachs, Richard Layard and John Helliwell. "It was striking," she said, "that the five highest spots were all taken by small European countries – Norway, Denmark, Iceland, Finland and Switzerland. Two of those countries are EU members, and all are members of the European single market."

Related publications

Helliwell, J., Layard, R., & Sachs, J. (2017). World Happiness Report 2017, New York: Sustainable Development Solutions Network. ISBN 978-0-9968513-5-0

http://worldhappiness.report/


Related Links:
Bloomberg View - The Scottish antidote to Trumpism

CEP Wellbeing

Richard Layard webpage



News Posted: 05/04/2017      [Back to the Top]

CMI – Chartered Management Institute

British productivity grows, but more needs to be done

Speaking at the London School of Economics recently, Andy Haldane, chief economist and executive director of monetary analysis and statistics at the Bank of England, laid the blame for this poor productivity squarely at the feet of poorly managed businesses. “Nicholas Bloom and John Van Reenen have shown that weaknesses in management processes and practices go a long way towards explaining the long tail of low productivity manufacturing companies,” he said. “These poor practices are most pronounced in sectors where competition is weak and in family-owned firms where management control rests with the eldest son.

The main areas of CEP work on management practices are summarised below.

 

Related links

Management Practices and Organisational Structures webpage:  http://cep.lse.ac.uk/_new/research/growth/management_practices_and_organisational_structures.asp

 


Related Links:
CMI – Chartered Management Institute - British productivity grows, but more needs to be done

CEP Growth

Nick Bloom webpage

John Van reenen webpage



News Posted: 05/04/2017      [Back to the Top]

G20 Insights

Sustainable Digital Revolution

An optimistic view is presented in Gaetz and Michaels (2015) who find no adverse effect of robots on employment for 17 countries.

Related publications

Robots at work: the impact on productivity and jobs Georg Graetz and Guy Michaels. Article in CentrePiece Volume 20, Issue 1, Summer 2015 (http://cep.lse.ac.uk/pubs/download/CentrePiece_20_1.pdf)

 


Related Links:
G20 Insights - Sustainable Digital Revolution

Robots at work: the impact on productivity and jobs

CEP Labour Markets

Georg Graetz webpage

Guy Michaels webpage



News Posted: 05/04/2017      [Back to the Top]

CEP on TV/Radio

Talk Radio


Related Links:
CEP on TV/Radio - Talk Radio

Ill Communication: Technology, Distraction & Student Performance

CEP Education and Skills

Richard Murphy webpage



News Posted: 04/04/2017      [Back to the Top]

The Salt Lake Tribune

The GDP is a flawed but magical indicator

In 2013, Nicholas Oulton of the London School of Economics' Center for Economic Performance wrote a paper to disprove the notion that U.K. economic growth had been overestimated because official calculations overstated the contribution of banking to GDP.


Related Links:
The Salt Lake Tribune - The GDP is a flawed but magical indicator

Has the Growth of Real GDP in the UK been Overstated because of Mis-Measurement of Banking Output?

CEP Growth



News Posted: 04/04/2017      [Back to the Top]

Bloomberg View

The GDP is a flawed but magical indicator

In 2013, Nicholas Oulton of the London School of Economics' Center for Economic Performance wrote a paper to disprove the notion that U.K. economic growth had been overestimated because official calculations overstated the contribution of banking to GDP. He showed that "if banking output has been overstated, then the output of some other industry or industries must have been understated."

Related publications

Has the Growth of Real GDP in the UK been Overstated because of Mis-Measurement of Banking Output? Nicholas Oulton, CEP Occasional Paper No.33, January


Related Links:
Bloomberg View - The GDP is a flawed but magical indicator

CEP Growth



News Posted: 03/04/2017      [Back to the Top]

Jutarnji Life (Croatia)

DO YOU THINK YOU'LL NEVER BE AS HAPPY AS with 20 years? You're wrong, research reveals unexpected year in which you will feel the greatest happiness

In fact, British Centre for Economic Performance polled 23 000 adult Germans between the ages of 17 to 85 years on the subject of their personal life satisfaction. Also, respondents replied to the question ' How do you think you will feel about your life in five years?'.

 


Related Links:
Jutarnji Life (Croatia) - DO YOU THINK YOU'LL NEVER BE AS HAPPY AS with 20 years? You're wrong, research reveals unexpected year in which you will feel the greatest happiness

Unmet Aspirations as an Explanation for the Age U-Shape in Human Wellbeing

CEP Wellbeing

Hannes Schwandt webpage



News Posted: 03/04/2017      [Back to the Top]

Niskanen Center

Do Muslim immigrants assimilate?


Related Links:
Niskanen Center - Do Muslim immigrants assimilate?



News Posted: 03/04/2017      [Back to the Top]

Appsforpcdaily.com

Happiest country in the world revealed

The report is based on an annual survey of 1,000 people in more than 150 countries that simply asks them to rank, on a scale of zero to 10, whether they are living their best life.  Advanced economies with free societies again topped this year's list, with Norway ranked the world's happiest place, dislodging Denmark, which slipped to second spot. If so, they predicted, "African countries would join the ranks of the world's prosperous and happy nations".  This report is the fifth edition of the World Happiness Report after the first edition was published in April, 2012, in support of the UN High-Level Meeting on happiness and well-being.  The report has been edited by John F. Helliwell, Richard Layard, and Jeffrey Sachs, who believe that happiness is increasingly considered the proper measure of social progress and the goal of public policy

 

Related publications

Helliwell, J., Layard, R., & Sachs, J. (2017). World Happiness Report 2017, New York: Sustainable Development Solutions Network. ISBN 978-0-9968513-5-0

http://worldhappiness.report/


Related Links:
Appsforpcdaily.com - Happiest country in the world revealed

CEP Wellbeing

Richard Layard webpage



News Posted: 03/04/2017      [Back to the Top]

El Dia (Spain)

''Hygge'', the Danish recipe to find the happiness that sum devotees worldwide

However, countries that year-to-year top the rankings of happiness are developed and have a high GDP (Norway, Denmark, Iceland, Switzerland, Finland, the Netherlands), which suggests that the economy influences the feeling of well-being. In this sense, the economist Richard Layard, co-editor of the World moving Report and author of "the happiness. Lessons from a new science", argued that it is essential to have covered the basic needs to be happy, but once that instance it is necessary to give more importance to relationships.

Related publications

Helliwell, J., Layard, R., & Sachs, J. (2017). World Happiness Report 2017, New York: Sustainable Development Solutions Network. ISBN 978-0-9968513-5-0

http://worldhappiness.report/

 


Related Links:
El Dia (Spain) - ''Hygge'', the Danish recipe to find the happiness that sum devotees worldwide

CEP Wellbeing

Richard Layard webpage



News Posted: 03/04/2017      [Back to the Top]

Vijesti.me (Croatia)

Research reveals unexpected year in which you will feel the greatest happiness

In fact, British Centre for economic performance polled 23 000 adult Germans between the ages of 17 to 85 years on the subject of their personal life satisfaction. Also, respondents replied to the question ' How do you think you will feel about your life in five years? '.


Related Links:
Vijesti.me (Croatia) - Research reveals unexpected year in which you will feel the greatest happiness

Unmet Aspirations as an Explanation for the Age U-Shape in Human Wellbeing

CEP Wellbeing



News Posted: 03/04/2017      [Back to the Top]

New York Post online

You probably aren't at the happiest age of your life

Your younger years might be heralded as the glory days, but there’s something to be said for aging. Arguably you’re more financially stable, emotionally adept, and have a collection of skills to your name. Case in point: a study from the London School of Economics and Political Sciences has found people are the happiest at two different ages – and neither is high school.


Related Links:
New York Post online - You probably aren't at the happiest age of your life

Unmet Aspirations as an Explanation for the Age U-Shape in Human Wellbeing

CEP Wellbeing

Hannes Schwandt webpage



News Posted: 03/04/2017      [Back to the Top]

Jutarnji Life (Croatia)

Do you think you'll never be as happy as you were when 20 years old? You're wrong, research reveals unexpected year in which you will feel the greatest happiness

In fact, the British Centre for economic performance polled 23 000 adult Germans between the ages of 17 to 85 years on the subject of their personal life satisfaction. Also, respondents replied to the question ' How do you think you will feel about your life in five years? '


Related Links:
Jutarnji Life (Croatia) - Do you think you'll never be as happy as you were when 20 years old? You're wrong, research reveals unexpected year in which you will feel the greatest happiness

Unmet Aspirations as an Explanation for the Age U-Shape in Human Wellbeing

CEP Wellbeing

Hannes Schwandt webpage



News Posted: 03/04/2017      [Back to the Top]

LSE Business Review blog

Anna Valero: ‘Automation has taken away mid-level skills jobs'

As a Research Director of LSE’s Growth Commission, Anna Valero spent part of the post-Brexit months studying the gaps between public policy and the new economic reality in the UK.  In an interview with LSE Business Review’s managing editor, Helena Vieira, she discusses what the UK could do stimulate economic growth and fight inequality. The skills gap is one of her key points, but she also discusses industrial policy and the need to improve entrepreneurs’ access to finance. “Now that there are additional risks from Brexit to the City of London, we thought we should revisit the issue of financial services and the role of the City in the future,” she says.  

Related links

LSE Growth Commission website:  http://www.lse.ac.uk/researchAndExpertise/units/growthCommission/home.aspx


Related Links:
LSE Business Review blog - Anna Valero: ‘Automation has taken away mid-level skills jobs'

CEP Growth

Anna Valero webpage



News Posted: 03/04/2017      [Back to the Top]

Salem News

There is something called tech addiction

What did people do before there were cell phones and smart phones?

Do you depend on electronic devices?

Do you depend on electronic devices too much?

How have electronic devices affected you and your relationships?

If all of those devices were suddenly gone, how would that impact your life?

Paradigm magazine’s spring edition features an article on this very topic. Research shows that over-exposure is affecting behavior, emotions and academic performance.

“…a recent study examined how much a cell phone can impact a child’s educational performance. Researchers at the London School of Economics found that when they banned students’ ability to have a cell phone on campus in 91 schools, those 130,000 students had an increased academic performance…” And lower achieving students also saw improvement.

Related publications

In brief ... Phone home: should mobiles be banned in schools?, Louis-Philippe Beland and Richard Murphy, CentrePiece Volume 20, Issue 1, Summer 2015


Related Links:
Salem News - There is something called tech addiction

In brief... Phone home: should mobiles be banned in schools?

CEP Education and Skills

Richard Murphy webpage



News Posted: 03/04/2017      [Back to the Top]

Diario de Pernambuco (Portugal)

Economia: Tempos modernos/Modern times

The evidence still are small and somewhat inconclusive. Graetz and Michaels (2015), for example, show evidence that the use of industrial robots has increased labour productivity and the value added by using data for a set of industries in 17 countries. They show evidence of increase in TFP, wages and, for your time, greater economic growth. They didn't find evidence of a reduction in the total amount of hours worked, but pointed to a reduction in working hours of workers with low and medium technical skills.

Related publications

Robots at work: the impact on productivity and jobs Georg Graetz and Guy Michaels. Article in CentrePiece, Volume 20, Issue 1 Summer 2015

'Robots at Work', Georg Graetz and Guy Michaels, Centre for Economic Performance Discussion Paper No.1335, March 2015


Related Links:
Diario de Pernambuco (Portugal) - Economia: Tempos modernos/Modern times

Robots at work: the impact on productivity and jobs

CEP Labour Markets

Georg Graetz webpage

Guy Michaels webpage



News Posted: 02/04/2017      [Back to the Top]

La Razon.co

Día Internacional de la Felicidad

According to study conducted by Sir Richard Layard in Harvard: "the stronger factor to predict a happy life in adulthood are not qualifications, but..."

Related publications

Helliwell, J., Layard, R., & Sachs, J. (2017). World Happiness Report 2017, New York: Sustainable Development Solutions Network. ISBN 978-0-9968513-5-0

http://worldhappiness.report/


Related Links:
La Razon.co - Día Internacional de la Felicidad

CEP Wellbeing

Richard Layard webpage



News Posted: 02/04/2017      [Back to the Top]

Bustle

The two happiest ages in life, according to new study, are unexpected

Though your younger years are often categorized as “glory days,” there are actually plenty of reasons to look forward to getting older. After all, more life experience comes with more wisdom, more skills and perhaps even more joy. Case in point: a study from the London School of Economics and Political Sciences has concluded that people are the happiest at two different ages in their lives — and it might surprise you to learn what they are. The study, led by the school’s Centre of Economic Performance, polled 23,000 German adults from the ages of 17 to 85 on how satisfied they were with their lives overall. It also asked them to predict how they thought they would feel about their lives in five years. The same people were then asked to retake the survey five years later. The results led to a pretty fascinating conclusion.


Related Links:
Bustle - The two happiest ages in life, according to new study, are unexpected

Unmet Aspirations as an Explanation for the Age U-Shape in Human Wellbeing

CEP Wellbeing

Hannes Schwandt webpage



News Posted: 02/04/2017      [Back to the Top]

The Market Mogul

The economics of Brexit

Ultimately, although waning, the role of the European market in British trade remains crucial. The UK Treasury, for example, put the cost of a bilateral trade agreement similar to Canada’s at 6.2% of GDP, whilst the LSE’s Centre for Economic Performance argues even that is too cautious.

Related publications

‘The UK Treasury analysis of ‘The long-term economic impact of EU membership and the alternatives’: CEP Commentary’, Swati Dhingra, Gianmarco Ottaviano, Thomas Sampson and John Van Reenen, CEP Brexit Analysis Paper No.04, April 2016

http://cep.lse.ac.uk/pubs/download/brexit04.pdf


Related Links:
The Market Mogul - The economics of Brexit

CEP Growth

CEP Trade

Swati Dhingra webpage

Gianmarco Ottaviano webpage

Thomas Sampson webpage

John Van reenen webpage



News Posted: 02/04/2017      [Back to the Top]

Business News Daily

Entrepreneur or small business owner: which one are you?

Just because you run your own business doesn't mean you are an entrepreneur, new research suggests.

A study set to be published in an upcoming issue of the Quarterly Journal of Economics revealed a key difference of being self-employed and an entrepreneur. The researchers found that a business's legal status – whether it is incorporated or unincorporated – is what separates entrepreneurs from other business owners.


Related Links:
Business News Daily - Entrepreneur or small business owner: which one are you?

CEP Labour Markets

CEP Community

Yona Rubinstein webpage



News Posted: 02/04/2017      [Back to the Top]

Mirror

Mobile phones billionaire John Caudwell pledges £9million to fund centre for autism

In the UK £4million per year is spent on autism research, compared with £590million on investigating cancer. Yet autism care and support costs the UK taxpayer £32billion a year – over twice as much as cancer services at £15billion according to a top academic. The study – carried out by Professor Martin Knapp of the London School of Economics – graphically shows the lack of money spent looking into the causes of the condition.


Related Links:
Mirror - Mobile phones billionaire John Caudwell pledges £9million to fund centre for autism

CEP Wellbeing

Martin Knapp webpage



News Posted: 01/04/2017      [Back to the Top]

LA NACION (Argentina)

¿Querés ser feliz? Los ''expertos'' dicen cómo lograrlo/ Do you want to be happy? The ''experts'' say how to achieve it

The World Happiness Report, which measures happiness in 160 countries of the world, placed always developed on top of the ranking countries: Norway, Denmark, Iceland, Switzerland, Finland, the Netherlands, Canada. Coincidentally they are countries with a high GDP. Is the money tied to happiness? The economist Richard Layard, co-editor of the World moving Report and author of the happiness. Lessons from a new science, ensures that it is essential to have covered the basic needs in order to be happy, but once that instance it is necessary to give more importance to relationships. Than just a satellite of our life or work, says. Layard introduced the concept of social comparison. That is, in societies where they compete with each other, it might feel unhappy despite having a good salary if your partner earns more than you.

Related publications

Helliwell, J., Layard, R., & Sachs, J. (2017). World Happiness Report 2017, New York: Sustainable Development Solutions Network. ISBN 978-0-9968513-5-0

http://worldhappiness.report/


Related Links:
LA NACION (Argentina) - ¿Querés ser feliz? Los ''expertos'' dicen cómo lograrlo/ Do you want to be happy? The ''experts'' say how to achieve it

CEP Wellbeing

Richard Layard webpage



News Posted: 31/03/2017      [Back to the Top]

Parliament Business

Commons Select Committee - Flagship apprenticeships policies will not fill growing skills gap

Flagship apprenticeships policies will not fill growing skills gap, MPs warn

The Government’s flagship apprenticeships policies have a worrying lack of focus and will not fill widening skills gaps unless they concentrate on sectors and regions where training is most needed, MPs conclude in a report published today.

The Sub-Committee on Education, Skills and the Economy, formed from the Education and Business Select Committees, finds that the Government’s Apprenticeship Levy, introduced next week, and target of three million ‘starts’ by the end of the Parliament are blunt instruments that risk being unduly focused on simply raising participation levels.

 

The Centre for Vocational Education (CVER) submitted written evidence for the Inquiry.

 

See ''Apprenticeships: Second Joint Report of the Business, Energy and Industrial Strategy and education Committees of Session 2016-17', House of Commons, BEIS and Education Committees, Sub-Committee on Education, Skills and the Economy

p.50

36 Centre for Vocational Education Research, London School of Economics (APP0173)

 

 


Related Links:
Parliament Business - Commons Select Committee - Flagship apprenticeships policies will not fill growing skills gap

CEP CVER

CEP Education and Skills

Sandra Mcnally webpage



News Posted: 31/03/2017      [Back to the Top]

Catania Live News (Italy)

Giornata della felicità Alla ricerca dell'''hygge''/Day of happiness in search of ''hygge''

As Professor Richard Layard points out: "in rich countries the largest cause of unhappiness is mental illness". The same thing goes for singles, don't live waiting to meet the person who will make you happy, think about it yourself, it will be nice to share your happiness and your conquests with someone who will be willing to do that with her. "This important mix of healthy and happy lifestyle and sustainability generated from coffee is central to our choice of supporting the global report on happiness."

Related publications

Helliwell, J., Layard, R., & Sachs, J. (2017). World Happiness Report 2017, New York: Sustainable Development Solutions Network. ISBN 978-0-9968513-5-0

http://worldhappiness.report/

 


Related Links:
Catania Live News (Italy) - Giornata della felicità Alla ricerca dell'''hygge''/Day of happiness in search of ''hygge''

CEP Wellbeing

Richard Layard webpage



News Posted: 30/03/2017      [Back to the Top]

Zero Hora (Portugal)

Survey reveals the happiest countries in the world

As Professor Richard Layard points out: "in rich countries the largest cause of unhappiness is mental illness". The same thing goes for singles, don't live waiting to meet the person who will make you happy, think about it yourself, it will be nice to share your happiness and your conquests with someone who will be willing to do that with her. "This important mix of healthy and happy lifestyle and sustainability generated from coffee is central to our choice of supporting the global report on happiness."

Related publications

Helliwell, J., Layard, R., & Sachs, J. (2017). World Happiness Report 2017, New York: Sustainable Development Solutions Network. ISBN 978-0-9968513-5-0

http://worldhappiness.report/


Related Links:
Zero Hora (Portugal) - Survey reveals the happiest countries in the world

CEP Wellbeing

Richard Layard webpage



News Posted: 30/03/2017      [Back to the Top]

Financiero online (Spain)

¿Quien teme al Brexit ? Los campos de lechugas y los hospitals/Who's afraid of the Brexit? Lettuce fields and hospitals

The thesis, however, encountered all the analyses. "All the studies show that immigration has no impact on wages or has marginally," explained Jonathan Wadsworth, author of a report on this subject to the London School of Economics. "If wages fell was because of the financial crisis of 2008, not by immigration".

Also in

Gestión (Spain)

¿Quién teme al Brexit? Los campos de lechugas y los hospitales/ Who's afraid of the Brexit? Lettuce fields and hospitals

http://gestion.pe/mercados/quien-teme-al-brexit-campos-lechugas-y-hospitales-2186112

 

Related publications

Immigration and the UK Labour Market, Jonathan Wadsworth, Centre for Economic Performance 2015 Election Analysis No 19, February 2015

Brexit and the Impact of Immigration on the UK, Swati Dhingra, Gianmarco Ottaviano, John Van Reenen and Jonathan Wadsworth, CEP Brexit Analysis Series Paper No.05, May 2016

Technical Appendix to 'Brexit and the impact of immigration on the UK'

 


Related Links:
Financiero online (Spain) - ¿Quien teme al Brexit ? Los campos de lechugas y los hospitals/Who's afraid of the Brexit? Lettuce fields and hospitals

CEP Labour Markets

Jonathan Wadsworth webpage



News Posted: 30/03/2017      [Back to the Top]

Al Jazeera English

Article 50: What will be negotiated?

One of the key reasons for the Brexit vote was immigration, particularly concerns among some segments of the UK over the purported effect migrants from Eastern European countries were having on British services, such as healthcare and education. Research by the London School of Economics suggests EU migrants have little effect on the unemployment rate of British nationals, put relatively little strain on services, and actually bring with them a number of economic benefits.  The UK is, therefore, unlikely to demand a full halt on immigration but will seek to balance the economic benefits it brings with rising anti-immigrant sentiment in the country.  

Related publications

Immigration and the UK Labour Market, Jonathan Wadsworth, Centre for Economic Performance 2015 Election Analysis No 19, February 2015

Brexit and the Impact of Immigration on the UK, Swati Dhingra, Gianmarco Ottaviano, John Van Reenen and Jonathan Wadsworth, CEP Brexit Analysis Series Paper No.05, May 2016

Technical Appendix to 'Brexit and the impact of immigration on the UK'


Related Links:
Al Jazeera English - Article 50: What will be negotiated?

CEP Labour Markets

CEP Trade

CEP Growth

Jonathan Wadsworth webpage

Swati Dhingra webpage

Gianmarco Ottaviano webpage

John Van reenen webpage



News Posted: 30/03/2017      [Back to the Top]

Sina – news.sina.com.tw (China)

Britain and Europe ''divorce'' begins, the British economy sweet end

Professor of Economics at the London School of Economics Swati Dhingra pointed out that, although so far, after the exit of Britain's economic forecasts look overly pessimistic, most of the focus is trade barriers will be restored. But the situation still does not appear, after all, has been formally UK withdrawal from the EU.

Nick Bloom, an economics professor at Stanford University, points out that British exit macro uncertainty will be replaced by onlookers uncertainty faced by enterprises (investment will be affected by the regulatory change).


Related Links:
Sina – news.sina.com.tw (China) - Britain and Europe ''divorce'' begins, the British economy sweet end

CEP Trade

CEP Growth

Swati Dhingra webpage

Nick Bloom webpage



News Posted: 30/03/2017      [Back to the Top]

Economíahoy.mx (Mexico)

Brexit augura trabas para buena racha económica del Reino Unido

While the forecasts of the economic impact of the referendum so far have been too pessimistic, most concerned "when entering game trade barriers", said Swati Dhingra, an economics professor at the London School of Economics, specializing in trade policy.


Related Links:
Economíahoy.mx (Mexico) - Brexit augura trabas para buena racha económica del Reino Unido

CEP Trade

CEP Growth

Swati Dhingra webpage

Nick Bloom webpage



News Posted: 30/03/2017      [Back to the Top]

Brit + Co

Here's what age people are happiest in life

Here’s one more reason to look forward to getting older: happiness. While you may think the joyful days of your youth are behind you, we have some good news — science shows that we’re not just happiest at one age in our life, but two.

In a study about human well-being, the Centre of Economic Performance at the London School of Economics and Political Science took data from 23,000 German adults aged 17-85. The participants were asked how satisfied they were with their life and to predict how they would feel in five years; five years later, the same people were asked to report their actual life satisfaction. The results: Life happiness follows a U-shaped curve between the ages of 20 to 70, with peaks at age 23 and then again at age 69. That’s quite a range.


Related Links:
Brit + Co - Here's what age people are happiest in life

Unmet Aspirations as an Explanation for the Age U-Shape in Human Wellbeing

CEP Wellbeing

Hannes Schwandt webpage



News Posted: 30/03/2017      [Back to the Top]

The Sydney Morning Herald

‘It's scary' – why rungs are disappearing on the wage ladder

There is more to income inequality than the famed 1 per cent versus the 99 per cent or standing chief executive officers next to average workers. Inequality in wages, new research has found, is increasingly defined by where you work not what your job title is. Stanford University economist Nicholas Bloom and colleagues conducted the research that shows income inequality is being fuelled by the gap in pay between companies – not within them.

Related publications

‘Corporations in the age of inequality’, Nicholas Bloom, Harvard Business Review, March 21, 2017

https://hbr.org/cover-story/2017/03/corporations-in-the-age-of-inequality


Related Links:
The Sydney Morning Herald - ‘It's scary' – why rungs are disappearing on the wage ladder

CEP Growth

Nick Bloom webpage



News Posted: 30/03/2017      [Back to the Top]

Bloomberg News online

Brexit trigger spells trouble for UK's sweet economic run

While forecasts of the referendum’s economic impact have so far proved too pessimistic, most were about “when the trade barriers come into place,” said Swati Dhingra, an economics lecturer at the London School of Economics who specializes in trade policy. “That hasn’t happened -- we haven’t exited yet.”

… The “macro uncertainty” of whether Brexit will happen will now be replaced by “micro” uncertainties for businesses such as whether investments will clash with changing regulation, said Nick Bloom, an economics professor at Stanford University.


Related Links:
Bloomberg News online - Brexit trigger spells trouble for UK's sweet economic run

CEP Trade

CEP Growth

Swati Dhingra webpage

Nick Bloom webpage



News Posted: 30/03/2017      [Back to the Top]

Fakir (France)

Mal dans votre corps social ? Un seul remède : Egalothérapie (3/3)/Evil in your society? One remedy: Egalotherapie (3/3)

Jo Blanden and colleagues at the London School of Economics have published comprehensive studies on eight countries, I would say 'only eight countries', as our results are to be taken with caution. However, they indicate a direction:… This orientation is confirmed by surveys in the United States, which show very clearly, they, that mobility has decreased while inequalities increased:…


Related Links:
Fakir (France) - Mal dans votre corps social ? Un seul remède : Egalothérapie (3/3)/Evil in your society? One remedy: Egalotherapie (3/3)

CEP Labour Markets

CEP Education and Skills

Jo Blanden webpage



News Posted: 29/03/2017      [Back to the Top]

Phys Org

How should the UK approach Brexit?

A study published in the Oxford Review of Economic Policy summarizes strategies for the United Kingdom to adopt when negotiating new trade arrangements with the European Union. Theresa May triggered Article 50 today and began the Brexit process. This article discusses the future of UK trade policy following the referendum vote.  "Reaching agreements is about negotiation," said author Thomas Sampson, of the London School of Economics. "It's going to be a bargaining process. The UK needs to understand not only want it wants, but what it's willing to give up. The EU is likely to dictate the terms of any deal. The UK's goal should be to salvage what it can from a bad situation by working to avoid a hard Brexit".  Related publication: Swati Dhingra et al, A hitch-hiker's guide to post-Brexit trade negotiations: options and principles, Oxford Review of Economic Policy (2017). DOI: 10.1093/oxrep/grx005


Related Links:
Phys Org - How should the UK approach Brexit?

CEP Trade

Thomas Sampson webpage



News Posted: 29/03/2017      [Back to the Top]

Slate (USA)

Did watching Baywatch make Italians more susceptible to Berlusconi's Politics


Related Links:
Slate (USA) - Did watching Baywatch make Italians more susceptible to Berlusconi's Politics

CEP Community

Andrea Tesei webpage



News Posted: 29/03/2017      [Back to the Top]

Trt World

May signs letter that will trigger Brexit

TRT World's Simon McGregor-Wood spoke to Professor Thomas Sampson of the London School of Economics on how economical aspects of Brexit will impact the kingdom.

Watch filmed interview here:  https://www.youtube.com/watch?v=RKchHiJOzIc

 

 


Related Links:
Trt World - May signs letter that will trigger Brexit

CEP Trade

Thomas Sampson webpage



News Posted: 29/03/2017      [Back to the Top]

EurekAlert!

Public Release: How should the UK approach Brexit?

A study published in the Oxford Review of Economic Policy summarizes strategies for the United Kingdom to adopt when negotiating new trade arrangements with the European Union. Theresa May triggered Article 50 today and began the Brexit process. This article discusses the future of UK trade policy following the referendum vote.

"Reaching trade agreements is about negotiation," said author Thomas Sampson, of the London School of Economics. "It's going to be a bargaining process. The UK needs to understand not only want it wants, but what it's willing to give up. The EU is likely to dictate the terms of any deal. The UK's goal should be to salvage what it can from a bad situation by working to avoid a hard Brexit"

Related publications

"A hitch-hiker's guide to post-Brexit trade negotiations: options and principles", Swati Dhingra, Gianmarco Ottaviano and Thomas Sampson, Oxford Review of Economic Policy, Volume 33, Issue suppl_1, March 2017

DOI: https://doi.org/10.1093/oxrep/grx005

http://bit.ly/2of2D5O


Related Links:
EurekAlert! - Public Release: How should the UK approach Brexit?

CEP Trade

Swati Dhingra webpage

Gianmarco Ottaviano webpage

Thomas Sampson webpage



News Posted: 29/03/2017      [Back to the Top]

Nantucket Island Inquirer

Are you happy yet?

"Please imagine a ladder, with steps numbered from 0 at the bottom to 10 at the top. The top of the ladder represents the best possible life for you and the bottom of the ladder represents the worst possible life for you. On which step of the ladder would you say you personally feel you stand at this time?" That's one of the questions on a survey of people living in 155 countries about how they would measure their overall happiness. And the happiest country in the world, according to the 2017 World Happiness Report? Norway.

The report was prepared by the Sustainable Development Solutions Network, an international panel of social scientists convened by the United Nations. It was edited by Dr. John Helliwell, an economist at the University of British Columbia; Jeffrey D. Sachs, a Columbia University economist; and Richard Layard, of the London School of Economics.

 

Related publications

Helliwell, J., Layard, R., & Sachs, J. (2017). World Happiness Report 2017, New York: Sustainable Development Solutions Network. ISBN 978-0-9968513-5-0

http://worldhappiness.report/


Related Links:
Nantucket Island Inquirer - Are you happy yet?

CEP Wellbeing

Richard Layard webpage



News Posted: 29/03/2017      [Back to the Top]

Avenire.it

Le previsioni. Gli effetti della Brexit sull'economia/ The forecasts. The effects of Brexit on the economy

The most pessimistic analysis, that of the Centre for Economic Performance in the same London School of Economics, and the National Institute of Economic and Social Research, they indicate a Gdp lower by almost 10% British than it would have been if he had remained in Europe. The average analysis "negative" indicates the lowest GDP as a result of Brexit in the order of 3-4% because, in summary, of the lack of access to the single market and the reduced ability to attract capital and investments.

 

Related publications

‘BREXIT 2016: Policy Analysis from the Centre for Economic Performance’, Holger Breinlich, Swati Dhingra, Saul Estrin, Hanwei Huang, Gianmarco Ottaviano, Thomas Sampson, John Van Reenen and Jonathan Wadsworth, CEP BREXIT Analysis Paper No.8, June 2016

http://cep.lse.ac.uk/pubs/download/brexit08_book.pdf


Related Links:
Avenire.it - Le previsioni. Gli effetti della Brexit sull'economia/ The forecasts. The effects of Brexit on the economy

CEP Trade

CEP Growth

CEP Labour Markets

Holger Breinlich webpage

John Van reenen webpage

Jonathan Wadsworth webpage

Swati Dhingra webpage

Gianmarco Ottaviano webpage

Saul Estrin webpage

Thomas Sampson webpage

Hanwei Huang webpage



News Posted: 29/03/2017      [Back to the Top]

La Republica.com

La activación del brexit golpeará con más fuerza a la banca

Likewise, the capital outflows could threaten the financing of its (7% of GDP) current account deficit, and the average income of British families would decline between 1.3% and 2.6% as stated in a study of Swati Dhingra, Gianmarco Ottaviano and Thomas Sampson of the London School of Economics and Political Science (LSE). Similarly, there may be an impact on prices. In fact, inflation in February (2.3%) exceeded the 2% target proposed by the Bank of England since November 2013.

Related publications

‘The consequences of Brexit for UK trade and living standards’, Swati Dhingra, Gianmarco Ottaviano, Thomas Sampson and John Van Reenen, CEP Brexit Analysis Paper No.2, March 2016

http://cep.lse.ac.uk/pubs/download/brexit02.pdf


Related Links:
La Republica.com - La activación del brexit golpeará con más fuerza a la banca

CEP Growth

CEP Trade

Swati Dhingra webpage

Gianmarco Ottaviano webpage

Thomas Sampson webpage

John Van reenen webpage



News Posted: 29/03/2017      [Back to the Top]

TES online

Wellbeing measures, missionaries and Spanish porn: nine mental-health recommendations

Schools should be measured not just on pupils’ academic progress, but on how pupils’ wellbeing progresses, MPs heard today. Lord Layard, director of the Well-Being Programme at the London School of Economics, this morning told a cross-party group of MPs that it was important that heads and teachers understood how pupils’ mental health evolves during their time at school. “Let’s encourage schools to measure the wellbeing of their children,” he said. “And let’s not judge schools by the wellbeing of their children – because they all have different intakes – but by the difference they’re making to their wellbeing while they’re there.”

Related links

Mental Health research webpage:  http://cep.lse.ac.uk/_new/research/Wellbeing/mental_health.asp#mental_health_policy

 


Related Links:
TES online - Wellbeing measures, missionaries and Spanish porn: nine mental-health recommendations

CEP Wellbeing

Richard Layard webpage



News Posted: 29/03/2017      [Back to the Top]

CEP Journal Articles

‘Gender Inequality and Economic Development: Fertility, Education and Norms'

Henrik Kleven and Camille Landais, Economica, Volume 84, Issue 334, April 2017


Related Links:
CEP Journal Articles - ‘Gender Inequality and Economic Development: Fertility, Education and Norms'

CEP Labour Markets

Henrik Kleven webpage



News Posted: 29/03/2017      [Back to the Top]

Commons Select Committee

Ministers questioned on education and children's mental health

The Health and Education Committees hear from a former Government mental health champion in the final session of their joint inquiry into the role of education in preventing mental health problems in children and young people. The Committees also hear from Lord Layard, who is advising the Government over its trial of weekly mindfulness classes in 26 schools, Ministers and NHS representatives.

Watch the session here:  http://www.parliamentlive.tv/Event/Index/6add46ea-9e8b-463b-b56c-7eaadfb35e6a

 

Related links

LSE Research Impact: Making personal happiness and wellbeing a goal of public policy webpage:  http://www.lse.ac.uk/researchAndExpertise/researchImpact/caseStudies/layard-happiness-wellbeing-public-policy.aspx

 


Related Links:
Commons Select Committee - Ministers questioned on education and children's mental health

CEP Wellbeing

Richard Layard webpage



News Posted: 29/03/2017      [Back to the Top]

Citta Corriere

Giornata internazionale della felicità: la celebrazione del 20 Marzo

"The global report on Happiness, says Jeffrey Sachs, Director of the Sustainable Development Solutions Network-continues to focus global attention on the need to create a wise policy for what matters most to people, their welfare". The United States came 14th, losing one place from last year. "By choosing to produce petroleum responsibly and investing the profits for the benefit of future generations, Norway has protected from volatile ups and downs of many other economies of oil-rich countries." And Italy where he stands by this particular ranking? the result? People with highly-paid roles are happier, but the money is just one of the ' ingredients ' of happiness that decisively affect also other elements: work-life balance, variety of work and level of autonomy. …

Being edited by professor John f. Helliwell, University of British Columbia and the Canadian Institute for Advanced Research; by professor Richard Layard, Director of the well-being Programme at LSE Centre for Economic Performance; and Professor Sachs, Director of the SDSN.

            Related publications

Helliwell, J., Layard, R., & Sachs, J. (2017). World Happiness Report 2017, New York: Sustainable Development Solutions Network. ISBN 978-0-9968513-5-0

http://worldhappiness.report/


Related Links:
Citta Corriere - Giornata internazionale della felicità: la celebrazione del 20 Marzo

CEP Wellbeing

Richard Layard webpage



News Posted: 29/03/2017      [Back to the Top]

Hindustan Times

Entertainment TV exposure leads to rise of populist politicians: Study

The findings showed that children exposed to entertainment television were less likely to report an interest in politics or be involved in a voluntary group. They were also more likely to become cognitively disadvantaged.

“Our results suggest that individuals exposed to entertainment TV as children are less cognitively sophisticated and less socio-politically engaged as adults, and ultimately more vulnerable to populist rhetorics,” said Andrea Tesei, economist at Queen Mary University of London (QMUL). “It’s the first major study to investigate the political effect of exposure among voters to a diet of ‘light’ entertainment. The results are timely as the US adjusts to the Presidency of Donald Trump,” Tesei added. For the study, the team investigated the political impact of entertainment television in Italy over the last 30 years during the phased introduction of Silvio Berlusconi’s commercial TV network Mediaset.

See also

Blitz Quotidiano (Italy)

Talk show fa votare M5S, prima era effetto Forza Italia

http://www.blitzquotidiano.it/opinioni/alessandro-camilli-opinioni/talk-show-tv-fa-votare-m5s-prima-era-effetto-forza-italia-2661531/

 

Detikcom (Wales)

Sering Menyaksikan Tontonan Ringan di TV Bikin Otak Jadi Tumpul?/Often a light Spectacle Witnessed on TV make a Brain So Obtuse?

https://wolipop.detik.com/read/2017/03/29/201947/3459768/1135/sering-menyaksikan-tontonan-ringan-di-tv-bikin-otak-jadi-tumpul

 

Related links

Andrea Tesei CEP publications webpage:  http://cep.lse.ac.uk/_new/publications/author.asp?author=tesei


Related Links:
Hindustan Times - Entertainment TV exposure leads to rise of populist politicians: Study

CEP Community

Andrea Tesei webpage



News Posted: 29/03/2017      [Back to the Top]

Kuwait News Agency (KUNA)

Brexit will change history of UK, Europe

Another analysis by economists at the Centre for Economic Performance (CEP), part of the London School of Economics, London University, calculated the UK could suffer income falls of between 6.3 to 9.5 percent of GDP, similar to the loss resulting from the global financial crisis of 2008-09.


Related Links:
Kuwait News Agency (KUNA) - Brexit will change history of UK, Europe

The consequences of Brexit for UK trade and living standards

CEP Trade

CEP Growth

Swati Dhingra webpage

Gianmarco Ottaviano webpage

Thomas Sampson webpage

John Van reenen webpage



News Posted: 29/03/2017      [Back to the Top]

Le Stampa (Italy)

Chi guarda la politica in tv tende a votare populista

Research by Paolo Pinotti ( Università Bocconi), Ruben Durante ( Università di Barcellona) e Andrea Tesei ( Queen Mary University di Londra)

Researchers-crossing the television signal propagation data, those relating to investigations carried out on the territory and on the vote conducted at the municipal level-have studied the political impact of television entertainment continued on Mediaset, over the past three decades.

Related links

http://cep.lse.ac.uk/_new/publications/author.asp?author=tesei

 


Related Links:
Le Stampa (Italy) - Chi guarda la politica in tv tende a votare populista

CEP Community

Andrea Tesei webpage



News Posted: 28/03/2017      [Back to the Top]

Haaretz (Israel)

Lowbrow TV habit makes you vote for populists, scientists prove

Lessons for world in Trump era: Study found that populists like Berlusconi did better among people hooked on soaps and cop shows.

 

Related links

Andrea Tesei CEP publications webpage:  http://cep.lse.ac.uk/_new/publications/author.asp?author=tesei


Related Links:
Haaretz (Israel) - Lowbrow TV habit makes you vote for populists, scientists prove

CEP Community

Andrea Tesei webpage



News Posted: 28/03/2017      [Back to the Top]

Pacific Standard

Did mindless TV programs prime the pump for Trump

Why have populist politicians such as Donald Trump risen to prominence and power at this particular point in history? While globalization, economic dislocation, and anti-immigrant sentiments have all been cited as likely factors, new research provides a surprising addition to that list: commercial television and its silly, shallow shows.

“Exposure to entertainment television, particularly at a young age, can contribute to making individuals cognitively and culturally shallower, and ultimately more vulnerable to populist rhetoric,” write Ruben Durante of Universitat Pompeu Fabra, Paolo Pinotti of Bocconi University, and Queen Mary University of London’s Andrea Tesei.

“By popularizing certain linguistic codes and cultural models, entertainment television may have contributed to creating a fertile ground for the success of populist leaders,” they add.

See also

Le Stampa (Italy)

Chi guarda la politica in tv tende a votare populista

http://www.lastampa.it/2017/03/28/societa/chi-guarda-la-politica-in-tv-tende-a-votare-populista-ZtmiXZ0vFyDCKf7FPn6d4J/pagina.html

 

Italy Journal blog

Voto: così è influenzato dalla tv

 

Vanitatis (Spain)

Los formatos de entretenimiento nublan el juicio y fomentan el populismo

http://www.vanitatis.elconfidencial.com/television/2017-03-28/programas-entretenimiento-nublan-juicio-fomentan-populismo_1356679/

 

Related links

Andrea Tesei CEP publications webpage:  http://cep.lse.ac.uk/_new/publications/author.asp?author=tesei


Related Links:
Pacific Standard - Did mindless TV programs prime the pump for Trump

CEP Community

Andrea Tesei webpage



News Posted: 28/03/2017      [Back to the Top]

Sunderland Echo

Was Bake-Off really good for Brexit?

A 30-year study of Silvio Berlusconi's commercial TV network Mediaset found more viewers voted for his right wing Forza Italia party when it featured just light entertainment.

Economist Dr Andrea Tesei, of Queen Mary University of London, explained: "Our results suggest individuals exposed to entertainment TV as children are less cognitively sophisticated and less socio-politically engaged as adults, and ultimately more vulnerable to Berlusconi's populist rhetoric. "Older people, on the other hand, appear to have been hooked by the light entertainment Mediaset provided and were later exposed to biased news content on the same channels."

Related links

Andrea Tesei CEP publications webpage:  http://cep.lse.ac.uk/_new/publications/author.asp?author=tesei

 

 


Related Links:
Sunderland Echo - Was Bake-Off really good for Brexit?

CEP Community

Andrea Tesei webpage



News Posted: 28/03/2017      [Back to the Top]

The Irish Sun

Kids' telly votes link

Less educated people who watched a lot of entertainment telly as kids were three per cent more likely to vote for populist Silvio Berlusconi than their counterparts living in areas where the shows were not available, Italian scientists have found. Dr Andrea Tesei, of London’s School of Economics, said such viewers were “less cognitively sophisticated and less socio-politically engaged as adults, and more vulnerable to Berlusconi’s populist rhetoric”.

Related links

Andrea Tesei CEP publications webpage:  http://cep.lse.ac.uk/_new/publications/author.asp?author=tesei


Related Links:
The Irish Sun - Kids' telly votes link

CEP Community

Andrea Tesei webpage



News Posted: 28/03/2017      [Back to the Top]

Financial Times

Brexiters must lose if Brexit is to succeed

On March 29, the British government is to notify the EU of its intention to leave. This will be a big moment in a tragedy; it will be a tragedy for the UK, but it will also be a tragedy for Europe. It is an appalling way to celebrate the EU’s 60th anniversary.Even if the exit negotiations go well, the decision to leave the EU will have huge consequences for the UK. Economically, it will lose favourable access to by far its biggest market. Politically, it will create great stresses inside the UK and Ireland. Strategically, it will eject the UK from its role in EU councils. The UK will be poorer, more divided and less influential. …Brexiters will deny all this. They are wrong. The evidence on modern trade is clear: distance is of enormous importance. The supply chains that link physical goods and services together work best over short distances. The models on which Brexiters rely ignore this reality. This is also why the creation of the single market required substantial regulatory harmonisation, which allows relatively frictionless cross-border trade. Brexiters will discover, too, that all trade deals impose constraints on national autonomy and the more market-opening the deal, the tighter the constraints.


Related Links:
Financial Times - Brexiters must lose if Brexit is to succeed

‘ECONOMISTS FOR BREXIT’: A critique

The UK Treasury analysis of 'The long-term economic impact of EU membership and the alternatives': CEP Commentary

CEP Trade

CEP Growth

Swati Dhingra webpage

Gianmarco Ottaviano webpage

Thomas Sampson webpage

John Van reenen webpage



News Posted: 28/03/2017      [Back to the Top]

CEP Press Release

Improving National Happiness: Expert insights on the potential of public policy

Following the recent publication of the 2017 World Happiness Report, 28 leading researchers on wellbeing from around the world have expressed their views on the state of knowledge on public policies that can make a real difference to people’s satisfaction with their lives – as well as whether we need more randomised controlled trials (RCTs) to test the wellbeing impact of a variety of policy options. The majority view of the survey of experts is that we now know a lot more than ever before about what public policies increase national wellbeing. But while some experts are enthusiastic about instituting a major programme of trials for ‘what works’ in terms of improving wellbeing, others are less positive, citing issues around ethics, validity and the time it takes to get results.

 


Related Links:
CEP Press Release - Improving National Happiness: Expert insights on the potential of public policy

CEP Wellbeing

Richard Layard webpage

Nick Powdthavee webpage

Paul Frijters webpage



News Posted: 28/03/2017      [Back to the Top]

ESRC news

The ESRC impact report 2015-16: research changing society

Today Research Councils UK (RCUK) has launched reports detailing the impacts of a collective research investment of £3.4 billion in 2015-16. This investment drives economic growth by helping to deliver the UK's Industrial Strategy of increasing productivity, creating high-value industry, jobs and a skilled workforce. Examples of some of our major impacts include: Quantifying management quality. The ESRC-funded Centre for Economic Performance has pioneered new ways to quantify management quality that has now been implemented in over 20,000 organisations in 34 countries around the world from manufacturing firms to hospitals, retail stores and schools. The measurement tools have been expanded into national statistical offices working with the US Census Bureau, the UK ONS and their equivalents in Pakistan and Germany.


Related Links:
ESRC news - The ESRC impact report 2015-16: research changing society

CEP Growth



News Posted: 27/03/2017      [Back to the Top]

Istoe (Brazil)

The argument, however, flies in the face of all the analyses

"All the studies show that immigration has no impact on wages or that have a marginal impact," explained Jonathan Wadsworth, author of a report on this topic to the London School of Economics. "If wages fell was because of the financial crisis of 2008, not by immigration".

Related publications

Immigration and the UK Labour Market, Jonathan Wadsworth, Centre for Economic Performance 2015 Election Analysis No 19, February 2015

Brexit and the Impact of Immigration on the UK, Swati Dhingra, Gianmarco Ottaviano, John Van Reenen and Jonathan Wadsworth, CEP Brexit Analysis Series Paper No.05, May 2016

Technical Appendix to 'Brexit and the impact of immigration on the UK'


Related Links:
Istoe (Brazil) - The argument, however, flies in the face of all the analyses

CEP Labour Markets

Jonathan Wadsworth webpage



News Posted: 27/03/2017      [Back to the Top]

OUPblog

A hitch-hiker's guide to post-Brexit trade negotiations

The UK has yet to decide what relationship with the EU it will seek following Brexit. But whatever option it pursues, the government’s ability to achieve its goals will depend on the success of its negotiating strategy. To design a successful negotiating strategy, it is first necessary to understand the purpose of trade agreements. When a country sets trade policy unilaterally, it does not account for how its choices affect the rest of the world. But because countries are interdependent, the effects of trade policy do not stop at national borders. In the language of economics, trade policy generates international ‘externalities’. And frequently these externalities lead to ‘beggar-my-neighbour’ effects, which make other countries worse off by lowering their terms of trade or reducing inward investment.

Related publications

"A hitch-hiker's guide to post-Brexit trade negotiations: options and principles", Swati Dhingra, Gianmarco Ottaviano and Thomas Sampson, Oxford Review of Economic Policy, Volume 33, Issue suppl_1, March 2017

DOI: https://doi.org/10.1093/oxrep/grx005

http://bit.ly/2of2D5O

 


Related Links:
OUPblog - A hitch-hiker's guide to post-Brexit trade negotiations

CEP Trade

Thomas Sampson webpage

Swati Dhingra webpage

Gianmarco Ottaviano webpage



News Posted: 27/03/2017      [Back to the Top]

Vanguardia.com.mx

Depresión, mala para el trabajo: especialistas

Snippet: ...ás de lo doloroso que es este padecimiento para quienes lo sufren, la depresión también ocasiona pérdidas monetarias. Según un estudio elaborado en ocho países (incluido México) por la London School of Economics and Political Scienc...

In addition to how painful that is the condition for those who suffer it, the depression also causes monetary loss. According to a study conducted in eight countries (including Mexico) by the London School of Economics and Political Science, this condition has "devastating" consequences. There are 9.5 million depressed people in the country and in terms of productivity - people are missing or attend work while they are evil-, they cost more than $ 14 billion a year.

Related publications

‘The Depression Report: A New Deal for Depression and Anxiety Disorders’, A Report by the Centre for Economic Performance’s Mental Health Policy Group, 2006

http://cep.lse.ac.uk/pubs/download/special/depressionreport.pdf


Related Links:
Vanguardia.com.mx - Depresión, mala para el trabajo: especialistas

CEP Wellbeing

Richard Layard webpage



News Posted: 27/03/2017      [Back to the Top]

Northwest Arkansas Democrat Gazette

Norway happiest, US 14th in survey

After placing fourth last year, Norway is now the world's happiest country, according to the 2017 World Happiness Report, released March 20. The Central African Republic was the least happy of 155 countries. The authors of the report found that a half-dozen socioeconomic factors explain much of the difference in happiness among countries, but that social factors play an underappreciated role. As evidence, they cite periods of substantial economic growth that were nonetheless matched by declining happiness in China and the United States, which ranked 14th.

The report was prepared by the Sustainable Development Solutions Network, an international panel of social scientists convened by the United Nations. It was edited by Helliwell; Jeffrey D. Sachs, a Columbia University economist; and Richard Layard of the London School of Economics.

Related publications

Helliwell, J., Layard, R., & Sachs, J. (2017). World Happiness Report 2017, New York: Sustainable Development Solutions Network. ISBN 978-0-9968513-5-0

http://worldhappiness.report/


Related Links:
Northwest Arkansas Democrat Gazette - Norway happiest, US 14th in survey

CEP Wellbeing

Richard Layard webpage



News Posted: 27/03/2017      [Back to the Top]

Shropshire Star

Light entertainment TV shows ‘partly responsible for rise of populist leaders'

Entertainment programmes on TV may be partly responsible for the rise of populist politicians such as US president Donald Trump, researchers claim

Study leader Dr Andrea Tesei, from Queen Mary, University of London’s School of Economics and Finance, said: “Our results suggest that individuals exposed to entertainment TV as children are less cognitively sophisticated and less socio-politically engaged as adults, and ultimately more vulnerable to Berlusconi’s populist rhetoric.”

See also

Diário de Notícias (Portugal)

Quem vê programas "light" na TV é mais permeável ao populismo

 

Greenreport (Italy)

Chi guarda Mediaset è più propenso a votare per i politici populisti. Studio Qmul – Bocconi

http://www.greenreport.it/news/comunicazione/guarda-mediaset-piu-propenso-votare-politici-populisti-studio-qmul-bocconi/

 

Related links

Andrea Tesei CEP publications webpage:  http://cep.lse.ac.uk/_new/publications/author.asp?author=tesei


Related Links:
Shropshire Star - Light entertainment TV shows ‘partly responsible for rise of populist leaders'

CEP Community

Andrea Tesei webpage



News Posted: 27/03/2017      [Back to the Top]

Mail online

Bad news for X Factor fans: Light entertainment programmes can DULL the brain and even influence your political choices

The study, by researchers at Queen Mary University in London, discovered children who viewed light entertainment programmes scored five per cent worse in mental ability tests as adults than children not exposed to populist television. They were also 13 per cent less likely to report an interest in politics and 10 per cent less likely to be involved in a voluntary group.

To understand the effects of light entertainment, the researchers investigated the impact of entertainment television in Italy over the last 30 years during the phased introduction of Silvio Berlusconi's commercial TV network Mediaset.

Related links

Andrea Tesei CEP publications webpage:  http://cep.lse.ac.uk/_new/publications/author.asp?author=tesei


Related Links:
Mail online - Bad news for X Factor fans: Light entertainment programmes can DULL the brain and even influence your political choices

CEP Community

Andrea Tesei webpage



News Posted: 27/03/2017      [Back to the Top]

Pressetext (Germany)

Freunde des Entertainment-TVs wählen Populisten/Friends of the Entertainment TV choose populists

Forscher haben Einfluss des Fernsehkonsums 30 Jahre lang untersucht/Researchers studied influence of television consumption for 30 years

It turned out that in regions with Mediaset on average more often for Berlusconi voted than in other areas. "The results suggest that people who are already exposed in childhood Entertainment TV, are cognitively less challenging in adulthood and engage less social. Also they are approached more by Berlusconi's populist rhetoric", says study author Andrea Tesei.

Related links

Andrea Tesei CEP publications webpage:  http://cep.lse.ac.uk/_new/publications/author.asp?author=tesei


Related Links:
Pressetext (Germany) - Freunde des Entertainment-TVs wählen Populisten/Friends of the Entertainment TV choose populists

CEP Community

Andrea Tesei webpage



News Posted: 27/03/2017      [Back to the Top]

EurekAlert!

Public Release: People who watch entertainment TV are more likely to vote for populist politicians

People exposed to entertainment television are more likely to vote for populist politicians according to a new study co-authored by an economist at Queen Mary University of London.

The researchers investigated the political impact of entertainment television in Italy over the last 30 years during the phased introduction of Silvio Berlusconi's commercial TV network Mediaset.

Author Dr Andrea Tesei from QMUL's School of Economics and Finance said: "Our results suggest that individuals exposed to entertainment TV as children are less cognitively sophisticated and less socio-politically engaged as adults, and ultimately more vulnerable to Berlusconi's populist rhetoric. Older people, on the other hand, appear to have been hooked by the light entertainment Mediaset provided and were later exposed to biased news content on the same channels."

Related links

Andrea Tesei CEP publications webpage:  http://cep.lse.ac.uk/_new/publications/author.asp?author=tesei


Related Links:
EurekAlert! - Public Release: People who watch entertainment TV are more likely to vote for populist politicians

CEP Community

Andrea Tesei webpage



News Posted: 26/03/2017      [Back to the Top]

Tele Indiscreta (Spanish)

La ‘robolución' ya es imparable/The ‘robolucion' is already unstoppable

Georg Graetz and Guy Michaels American economists analyzed the economic impact of industrial robots, using data from various industries in 17 countries between 1993 and 2007, and found that the use of this type of machines had increased both productivity and value added. But they also found that the wages of workers increased.

Related publications

‘Robots at work: the impact on productivity and jobs’ (http://cep.lse.ac.uk/pubs/download/cp447.pdf), Georg Graetz and Guy Michaels.  Article in CentrePiece Volume 20, Issue 1 Summer 2015 (http://cep.lse.ac.uk/pubs/download/CentrePiece_20_1.pdf)


Related Links:
Tele Indiscreta (Spanish) - La ‘robolución' ya es imparable/The ‘robolucion' is already unstoppable

Robots at work: the impact on productivity and jobs

CEP Labour Markets

Georg Graetz webpage

Guy Michaels webpage



News Posted: 24/03/2017      [Back to the Top]

Financial Times

Marginal gains matter but gamechangers transform

In the hunt for productivity, the revolutionary long shot is worth the cost and risk

Yet two questions remain. One is why so many businesses lag far behind the frontier. A research programme led by economists Nicholas Bloom and John Van Reenen has tried to quantify management practices, and has found that many countries have a long tail of poorly managed companies. The culprit may be a lack of competition: vigorous competition tends to raise management quality by spurring improvements and by punishing incompetents with bankruptcy. It’s no coincidence that the philosophy of marginal gains is popular in the unforgiving arena of elite sport.

The main areas of CEP work on management practices are summarised below.

 

Related links

Management Practices and Organisational Structures webpage:  http://cep.lse.ac.uk/_new/research/growth/management_practices_and_organisational_structures.asp

 

 

 


Related Links:
Financial Times - Marginal gains matter but gamechangers transform

CEP Growth

Nick Bloom webpage

John Van reenen webpage



News Posted: 24/03/2017      [Back to the Top]

Spiked

The truth about the single market

Third, what happened to the relative importance of the EU as an export market for Britain during Single Market membership compared to its trade with the rest of the world? We might expect it to have grown, given the apparent Single Market benefits. In fact, the EU peaked in its relative importance as an export market for British goods and services in 1992, just before the Single Market began. That peak market share was at about 60 per cent, up from 40 per cent when Britain joined the Common Market in 1973. Today the share is back down to about 45 per cent, and has been falling pretty steadily since 2000. See the chart below. Ironically, Britain’s export performance since joining the Single Market, and especially since the start of the 2000s, has been relatively better in the rest of the world beyond the EU than within it.

(Note [to chart]: Data covers trade with the rest of the original EU 15: Austria, Belgium, Denmark, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, Netherlands, Portugal, Spain and Sweden. Source: Swati Dhingra, Gianmarco Ottaviano and Thomas Sampson, ‘Should the UK stay or go? The economic consequences of Britain leaving the EU’, LSE Centre for Economic Performance Election Analysis, Paper No CEPEA022, March 2015.)

Related articles

‘Should the UK stay or go?  The economic consequences of Britain leaving the EU’, Swati Dhingra, Gianmarco Ottaviano and Thomas Sampson, LSE European Politics and Policy blog (EUROPP), March 24, 2015

http://blogs.lse.ac.uk/europpblog/2015/03/24/should-the-uk-stay-or-go-the-economic-consequences-of-britain-leaving-the-eu/


Related Links:
Spiked - The truth about the single market

CEP Trade

CEP Trade

Swati Dhingra webpage

Gianmarco Ottaviano webpage

Thomas Sampson webpage



News Posted: 24/03/2017      [Back to the Top]

Vice

How long until the UK has a fully automated workforce?

A couple of weeks ago, during the government budget, Philip Hammond announced that £270 million would be committed towards "disruptive technologies" – namely robotics and AI.

Guy Michaels, an economics Professor at LSE, is one of the only people to have studied the impact of the process of automation on the economy in the UK. He believes that at any given time in the process of automation, some jobs will be displaced and some people will lose out; however, the overall benefits of automation outweigh the job losses, he says. 

"What we see is that industrial robots seem to increase productivity, they seem to increase wages and also reduce output prices," he explains. "So there are ultimately benefits for both workers and consumers." Increased global competitiveness also results in an automated company growing much faster, and therefore creating more jobs in the country – so even though some traditional jobs may be lost, this will theoretically be balanced out by a surge of new jobs, according to Michaels.

 

Related publications

‘Robots at work: the impact on productivity and jobs’ (http://cep.lse.ac.uk/pubs/download/cp447.pdf), Georg Graetz and Guy Michaels.  Article in CentrePiece Volume 20, Issue 1 Summer 2015 (http://cep.lse.ac.uk/pubs/download/CentrePiece_20_1.pdf)


Related Links:
Vice - How long until the UK has a fully automated workforce?

Robots at work: the impact on productivity and jobs

CEP Labour Markets

Georg Graetz webpage

Guy Michaels webpage



News Posted: 24/03/2017      [Back to the Top]

Cinco Días (Spain)

La ‘robolución' ya es imparable

Los economistas estadounidenses Georg Graetz y Guy Michaels analizaron el impacto económico de los robots industriales, utilizando datos de distintas industrias en 17 países entre 1993 y 2007, y encontraron que el uso de este tipo de máquinas había aumentado tanto la productividad laboral como el valor añadido. Pero también descubrieron que los salarios de los trabajadores habían aumentado. Según Francisco Blanes, conviene no sembrar alarma, ya que “las máquinas son inteligentes pero solo para hacer algo en concreto, no en general”. De hecho, aclara que “cuando decimos que una máquina es inteligente es porque hace algo que antes lo hacia una persona”. Por ello, afirma que es importante que sea inspeccionada siempre por personas, “con expertos en determinados conocimientos”.


Related Links:
Cinco Días (Spain) - La ‘robolución' ya es imparable

Robots at work: the impact on productivity and jobs

CEP Labour Markets

Georg Graetz webpage

Guy Michaels webpage



News Posted: 24/03/2017      [Back to the Top]

Loquitur

Robots taking over mankind and possibly our jobs

The issue with robots in the workplace, of course, is that less human workers are needed anymore. In 2015, Georg Graetz of Uppsala University and Guy Michaels of the London School of Economics collected data regarding the economic effects of robots in the industry.  Some of their research included that the average density of industrial robots increased by more than 150 percent from 1993 to 2007 in the United States and 16 other countries. In addition, a 2015 study for the National Bureau of Economic Research tested the impact that variations in workplace conditions and industrial policies will have on the economy.

Related publications

‘Robots at work: the impact on productivity and jobs’ (http://cep.lse.ac.uk/pubs/download/cp447.pdf), Georg Graetz and Guy Michaels.  Article in CentrePiece Volume 20, Issue 1 Summer 2015 (http://cep.lse.ac.uk/pubs/download/CentrePiece_20_1.pdf)

 


Related Links:
Loquitur - Robots taking over mankind and possibly our jobs

Robots at work: the impact on productivity and jobs

CEP Labour Markets

Georg Graetz webpage

Guy Michaels webpage



News Posted: 24/03/2017      [Back to the Top]

TES

Flip the system

A recent study from the Centre for Economic Performance at the London School of Economics found that counting how many staff have degrees, or teaching qualifications, may not be the best way to measure qual-ity. The researchers used information from 2008-11, covering 1.8 million children, to analyse the qualification level of staff present in the setting and working with the children.

 


Related Links:
TES - Flip the system

Quality in Early Years Settings and Children’s School Achievement

CEP Education and Skills

Sandra Mcnally webpage

Jo Blanden webpage



News Posted: 24/03/2017      [Back to the Top]

MoneyWeek

Three scenarios for Britain's post-Brexit future

If Britain leaves the EU without a deal in place it would rely on global trade rules and negotiate deals with other countries and trade blocs. While this would give the UK most flexibility, it would also create the largest short and medium term disruption as British firms and banks were shut out of European markets. Indeed, the LSE Centre for Economic Performance estimates that the reductions in trade in this scenario could reduce GDP levels by over 3%, even taking into account the end of contributions to the EU budget.

Related publications

‘The consequences of Brexit for UK trade and living standards’, Swati Dhingra, Gianmarco Ottaviano, Thomas Sampson and John Van Reenen, CEP Brexit Analysis Paper No.2, March 2016

http://cep.lse.ac.uk/pubs/download/brexit02.pdf


Related Links:
MoneyWeek - Three scenarios for Britain's post-Brexit future

CEP Trade

CEP Growth

Swati Dhingra webpage

Gianmarco Ottaviano webpage

Thomas Sampson webpage

John Van reenen webpage



News Posted: 23/03/2017      [Back to the Top]

Yahoo! Style

Think Twice Before Asking Mums This Question

With UK childcare the most expensive in the world, it’s no wonder that having more than one young child can be a sticking point, with major implications for parents' careers and finances. A recent study by the Centre for Economic Performance at the London School of Economics found that, while the addition of a second child has little effect on the working hours of mothers in skilled jobs, it has a substantial and negative effect on low-skilled women, who are forced to reduce their hours considerably or even give up their jobs altogether.


Related Links:
Yahoo! Style - Think Twice Before Asking Mums This Question

Fertility and Mothers' Labor Supply: New Evidence Using Time-to-Conception

CEP Education and Skills

Claudia Hupkau webpage



News Posted: 23/03/2017      [Back to the Top]

Financial Times

David Brent and Basil Fawlty personify Britain's hapless managers

If Britain’s productivity crisis has been caused by mediocre management, as the Bank of England’s chief economist claims, the hapless managers themselves should not be blamed.  According to Andy Haldane, many company bosses simply assume there is no problem. Just as “most car-owners believe they are above-average drivers, most companies might well believe they have above-average levels of productivity”, Mr Haldane said in a speech on Monday.He cited a 2007 study by academics Nick Bloom and John Van Reenen that identified a “long tail” of badly managed companies in the UK and, to a lesser extent, France, compared with Germany and the US.

The main areas of CEP work on management practices are summarised below.

 

Related links

Management Practices and Organisational Structures webpage:  http://cep.lse.ac.uk/_new/research/growth/management_practices_and_organisational_structures.asp

 


Related Links:
Financial Times - David Brent and Basil Fawlty personify Britain's hapless managers

CEP Growth

Nick Bloom webpage

John Van reenen webpage



News Posted: 22/03/2017      [Back to the Top]

CMI – Chartered Management Institute

BOE's Haldane: poor management to blame for poor productivity

Bank of England chief economist says Britain needs to improve the quality of its managers if it is to be competitive on the global stage

[Andy] Haldane said that one of the reasons for the UK’s poor productivity is that it is the result of management failings, citing the work of two prominent economists as evidence.  “Nicholas Bloom and John Van Reenen have shown that weaknesses in management processes and practices go a long way towards explaining the long tail of low productivity manufacturing companies,” he said. “These poor practices are most pronounced in sectors where competition is weak and in family-owned firms where management control rests with the eldest son.”

The main areas of CEP work on management practices are summarised below.

 

Related links

Management Practices and Organisational Structures webpage:  http://cep.lse.ac.uk/_new/research/growth/management_practices_and_organisational_structures.asp


Related Links:
CMI – Chartered Management Institute - BOE's Haldane: poor management to blame for poor productivity

CEP Growth

Nick Bloom webpage

John Van reenen webpage



News Posted: 22/03/2017      [Back to the Top]

Bangkokpost.com

Happy nations don't only focus on economic growth

The team of respected economists Jeffrey Sachs, Richard Layard and John Helliwell suggests six variables explain the subjective well-being levels: wealth expressed as per capita GDP, the level of social... 

Related publications

http://worldhappiness.report/

Helliwell, J., Layard, R., & Sachs, J. (2017). World Happiness Report 2017, New York: Sustainable Development Solutions Network. ISBN 978-0-9968513-5-0


Related Links:
Bangkokpost.com - Happy nations don't only focus on economic growth

CEP Wellbeing

Richard Layard webpage



News Posted: 22/03/2017      [Back to the Top]

The Economic Journal

The Time Value of Housing: Historical Evidence on Discount Rates'

Philippe Bracke, Edward W. Pinchbeck and James Wyatt, The Economic Journal, accepted manuscript online 21 March 2017.

DOI: 10.1111/ecoj.12501

 

Related publications

The Time Value of Housing: Historical Evidence from London Residential Leases Philippe Bracke, Ted Pinchbeck and James Wyatt, SERC Discussion Paper No.168, December 2014


Related Links:
The Economic Journal - The Time Value of Housing: Historical Evidence on Discount Rates'

CEP Urban and Spatial Programme

CEP Trade

Edward Pinchbeck webpage



News Posted: 21/03/2017      [Back to the Top]

The Times

Britons still smiling despite Brexit doom and gloom

British politics is in turmoil, the economic outlook is uncertain and last summer’s vote to leave the European Union divides dinner parties and may yet sunder the United Kingdom itself.  Yet none of these things has made a significant dent in the happiness of the nation, according to the World Happiness Report 2017, a United Nations project to quantify contentment.  This year’s report places Britain 19th, four places higher than last year, just ahead of Chile and the United Arab Emirates and one spot behind Luxembourg in a table dominated by Scandinavia.  Lord Layard, of the London School of Economics and one of the authors of the report, said that the most obvious reason for greater happiness in Scandinavia was that citizens were more likely to say they could trust other people than in Britain and America.

Related publications

Helliwell, J., Layard, R., & Sachs, J. (2017). World Happiness Report 2017, New York: Sustainable Development Solutions Network. ISBN 978-0-9968513-5-0

http://worldhappiness.report/


Related Links:
The Times - Britons still smiling despite Brexit doom and gloom

CEP Wellbeing

Richard Layard webpage



News Posted: 21/03/2017      [Back to the Top]

CNN (International) online

Where are the world's happiest countries?

Norwegians have more reason than ever to celebrate the International Day of Happiness.  After ranking fourth for the last two years, Norway jumped three spots and displaced three-time winner Denmark to take the title of "world's happiest country" for the first time.  Denmark dropped to second place this year, followed by Iceland, Switzerland, Finland, Netherlands, Canada, New Zealand and Australia and Sweden (which tied for ninth place), according to the latest World Happiness Report, released Monday by the Sustainable Development Solutions Network for the United Nations.  This year's report also focused on happiness in the workplace.  "People tend to spend the majority of their lives working, so it is important to understand the role that employment and unemployment play in shaping happiness," said Jan-Emmanuel De Neve, a professor at the University of Oxford's Saïd Business School.  "The research reveals that happiness differs considerably across employment status, job type, and industry sectors."

http://edition.cnn.com/2017/03/20/travel/worlds-happiest-countries-united-nations-2017/index.html

 

Related publications

Helliwell, J., Layard, R., & Sachs, J. (2017). World Happiness Report 2017, New York: Sustainable Development Solutions Network. ISBN 978-0-9968513-5-0

http://worldhappiness.report/


Related Links:
CNN (International) online - Where are the world's happiest countries?

CEP Wellbeing

Jan-Emmanuel De neve webpage



News Posted: 21/03/2017      [Back to the Top]

Prokerala.com

India among the Least Happy nations of the World, serious UN study shows

The report is produced by the Sustainable Development Solutions Network, a global initiative launched by the United Nations in 2012 and was edited by John F. Helliwell, Richard Layard, and Jeffrey Sachs...

 

Related publications

http://worldhappiness.report/

Helliwell, J., Layard, R., & Sachs, J. (2017). World Happiness Report 2017, New York: Sustainable Development Solutions Network. ISBN 978-0-9968513-5-0


Related Links:
Prokerala.com - India among the Least Happy nations of the World, serious UN study shows

CEP Wellbeing

Richard Layard webpage



News Posted: 21/03/2017      [Back to the Top]

Sustainablebrands.com

Norway Earns Top Spot in 2017 World Happiness Report

Personal factors affecting happiness were also taken to account in the report. According to Professor Richard Layard, mental illness was the single most significant cause of misery in wealthy countries…

Related publications

http://worldhappiness.report/

Helliwell, J., Layard, R., & Sachs, J. (2017). World Happiness Report 2017, New York: Sustainable Development Solutions Network. ISBN 978-0-9968513-5-0


Related Links:
Sustainablebrands.com - Norway Earns Top Spot in 2017 World Happiness Report

CEP Wellbeing

Richard Layard webpage



News Posted: 21/03/2017      [Back to the Top]

Forbes (online)

Congratulations to Bolivarian Socialism - Venezuela's Happiness Falls Most Globally

The World Happiness Report 2017 is now out and I have to admit to always liking this report for it's written by my old professor, Richard Layard.

Related publications

http://worldhappiness.report/

Helliwell, J., Layard, R., & Sachs, J. (2017). World Happiness Report 2017, New York: Sustainable Development Solutions Network. ISBN 978-0-9968513-5-0


Related Links:
Forbes (online) - Congratulations to Bolivarian Socialism - Venezuela's Happiness Falls Most Globally

CEP Wellbeing

Richard Layard webpage



News Posted: 21/03/2017      [Back to the Top]

Yahoo News (online)

The Social Crisis Causing America's World Happiness Ranking to Plummet

….Jeffrey Sachs, who authored the report along with John Helliwell of the University of British Columbia and Richard Layard of the London School of Economics

 

Related publications

http://worldhappiness.report/

Helliwell, J., Layard, R., & Sachs, J. (2017). World Happiness Report 2017, New York: Sustainable Development Solutions Network. ISBN 978-0-9968513-5-0


Related Links:
Yahoo News (online) - The Social Crisis Causing America's World Happiness Ranking to Plummet

CEP Wellbeing

Richard Layard webpage



News Posted: 21/03/2017      [Back to the Top]

Newsweek (Online)

The Social Crisis Causing America's World Happiness Ranking to Plummet

Jeffrey Sachs, who authored the report along with John Helliwell of the University of British Columbia and Richard Layard of the London School of Economics.

Related publications

http://worldhappiness.report/

Helliwell, J., Layard, R., & Sachs, J. (2017). World Happiness Report 2017, New York: Sustainable Development Solutions Network. ISBN 978-0-9968513-5-0


Related Links:
Newsweek (Online) - The Social Crisis Causing America's World Happiness Ranking to Plummet

CEP Wellbeing

Richard Layard webpage



News Posted: 21/03/2017      [Back to the Top]

Newsfood.com (Italy) Online

Felicità: Un bene da coltivare e godere… il più possibile / Happiness: An asset to cultivate and enjoy as much as possible ...

The report also highlights the personal factors that affect happiness. Such as Professor Richard Layard points out, "in rich countries the greatest cause of unhappiness is mental illness."

Related publications

http://worldhappiness.report/

Helliwell, J., Layard, R., & Sachs, J. (2017). World Happiness Report 2017, New York: Sustainable Development Solutions Network. ISBN 978-0-9968513-5-0


Related Links:
Newsfood.com (Italy) Online - Felicità: Un bene da coltivare e godere… il più possibile / Happiness: An asset to cultivate and enjoy as much as possible ...

CEP Wellbeing

Richard Layard webpage



News Posted: 21/03/2017      [Back to the Top]

CNN (International) online

Where are the world's happiest countries?

"In rich countries the biggest single cause of misery is mental illness," said Professor Richard Layard, director of the Wellbeing Programme at the London School of Economics' Centre for Economic Performance.

Related publications

http://worldhappiness.report/

Helliwell, J., Layard, R., & Sachs, J. (2017). World Happiness Report 2017, New York: Sustainable Development Solutions Network. ISBN 978-0-9968513-5-0


Related Links:
CNN (International) online - Where are the world's happiest countries?

CEP Wellbeing

Richard Layard webpage



News Posted: 21/03/2017      [Back to the Top]

Hoy (USA) Online

Primera Cumbre de la Felicidad busca fijar un nuevo paradigma de prosperidad / First Summit of Happiness seeks to establish a new paradigm of prosperity


"The crucial issue is that we have a struggle between the culture of happiness and the impressive culture of lifestyle pressure, where materialism, competition and stress dominate," British economist Richard Layard told Efe.

Related publications

http://worldhappiness.report/

Helliwell, J., Layard, R., & Sachs, J. (2017). World Happiness Report 2017, New York: Sustainable Development Solutions Network. ISBN 978-0-9968513-5-0


Related Links:
Hoy (USA) Online - Primera Cumbre de la Felicidad busca fijar un nuevo paradigma de prosperidad / First Summit of Happiness seeks to establish a new paradigm of prosperity

CEP Wellbeing

Richard Layard webpage



News Posted: 21/03/2017      [Back to the Top]

Government of Dubai Media Office (online)

Mohammed bin Rashid launches World Happiness Council

The council is chaired by Geffrey Sachs, Sustainable Development Professor at Colombia University, and has 12 members: Irina Bokova, Director General of UNESCO; Alexander Stubb, Finnish ex prime minister; Lord Richard Layard, Director of Wellbeing Programme at Economic Performance Centre in London School of Economics; Professor John Helliwell, Professor Emeritus of Economics at the University of British Columbia…

Related publications

http://worldhappiness.report/

Helliwell, J., Layard, R., & Sachs, J. (2017). World Happiness Report 2017, New York: Sustainable Development Solutions Network. ISBN 978-0-9968513-5-0


Related Links:
Government of Dubai Media Office (online) - Mohammed bin Rashid launches World Happiness Council

CEP Wellbeing

Richard Layard webpage



News Posted: 21/03/2017      [Back to the Top]

Bloomberg (Online)

Happy Nations Don't Focus on Growth

…...economists Jeffrey Sachs, Richard Layard and John Helliwell suggests six variables explain the subjective well-being levels

Related publications

http://worldhappiness.report/

Helliwell, J., Layard, R., & Sachs, J. (2017). World Happiness Report 2017, New York: Sustainable Development Solutions Network. ISBN 978-0-9968513-5-0


Related Links:
Bloomberg (Online) - Happy Nations Don't Focus on Growth

CEP Wellbeing

Richard Layard webpage



News Posted: 21/03/2017      [Back to the Top]

ShortList

Dubai introduces world's first happiness council

To celebrate International Happiness Day – it’s today, March 20, if you didn’t know – the Dubai has introduced the world’s first ever happiness council. Inaugurated by Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai earlier today, the council will focus on six key areas; health, education, environment, personal happiness, happy cities and community standards for happiness. The body headed by Columbia University Professor Jeffrey Sachs will consist of 12 members including Unesco director-general Irina Bukova, former Finnish PM Alexander Stubb and Professor Lord Layard who’s the director of the Wellbeing Programme of the London School of Economic's Centre for Economic Performance.


Related Links:
ShortList - Dubai introduces world's first happiness council

CEP Wellbeing

Richard Layard webpage



News Posted: 20/03/2017      [Back to the Top]

Harvard Business Review

Does work make you happy? Evidence from the World Happiness Report

Article by Jan-Emmanuel De Neve and George Ward

Since most of us spend a great deal of our lives working, it is inevitable that work plays a key role in shaping our levels of happiness. In a recent chapter of the World Happiness Report — published annually to coincide with the United Nation’s International Day of Happiness — we look more closely at the relationship between work and happiness. We draw largely upon the Gallup World Poll, which has been surveying people in over 150 countries around the world since 2006. These efforts allow us to analyze data from hundreds of thousands of individuals across the globe and investigate the ways in which elements of people’s working lives drive their wellbeing.

Related publications

Helliwell, J., Layard, R., & Sachs, J. (2017). World Happiness Report 2017, New York: Sustainable Development Solutions Network. ISBN 978-0-9968513-5-0

http://worldhappiness.report/


Related Links:
Harvard Business Review - Does work make you happy? Evidence from the World Happiness Report

CEP Wellbeing

Jan-Emmanuel De neve webpage

George Ward webpage



News Posted: 20/03/2017      [Back to the Top]

Harvard Business Review

Does work make you happy? Evidence from the World Happiness Report

Article by Jan-Emmanuel De Neve and George Ward: Since most of us spend a great deal of our lives working, it is inevitable that work plays a key role in shaping our levels of happiness. In a recent chapter of the World Happiness Report — published annually to coincide with the United Nation’s International Day of Happiness — we look more closely at the relationship between work and happiness. We draw largely upon the Gallup World Poll, which has been surveying people in over 150 countries around the world since 2006. These efforts allow us to analyze data from hundreds of thousands of individuals across the globe and investigate the ways in which elements of people’s working lives drive their wellbeing.


Related Links:
Harvard Business Review - Does work make you happy? Evidence from the World Happiness Report

CEP Wellbeing

Jan-Emmanuel De neve webpage

George Ward webpage



News Posted: 20/03/2017      [Back to the Top]

The New York Times

Norway is No.1 in Happiness. The U.S., sadly, is No.14.

Norwegians have one more reason to smile, not that they need it.After placing fourth last year, Norway is now the world’s happiest country, according to the 2017 World Happiness Report, released on Monday. The Central African Republic was the least happy of 155 countries. The report was prepared by the Sustainable Development Solutions Network, an international panel of social scientists convened by the United Nations. It was edited by Dr. Helliwell; Jeffrey D. Sachs, a Columbia University economist; and Richard Layard, of the London School of Economics.


Related Links:
The New York Times - Norway is No.1 in Happiness. The U.S., sadly, is No.14.

CEP Wellbeing

Richard Layard webpage



News Posted: 20/03/2017      [Back to the Top]

The Economist

Daily Chart: A new study tries to unpick what makes people happy and sad

KEEPING voters happy is the lifeblood of any ambitious politician’s career. So they may want to pay attention to a report, released to mark “World Happiness Day” on March 20th, from the Sustainable Development Solutions Network, a UN body, and the Ernesto Illy Foundation, a non-profit. In addition to the usual rankings of countries from the happiest (Norway, for the usual reasons) to the least (Central African Republic, close to a failed state), the study also tries to unpick what makes people gleeful and—more unusually—what makes them miserable.

Related publications Helliwell, J., Layard, R., & Sachs, J. (2017). World Happiness Report 2017, New York: Sustainable Development Solutions Network.

 

 


Related Links:
The Economist - Daily Chart: A new study tries to unpick what makes people happy and sad

CEP Wellbeing

Richard Layard webpage



News Posted: 20/03/2017      [Back to the Top]

Science Focus

How the happiest people on the planet keep smiling

Many people would find long dark night and bitter cold pretty depressing. But not most Danes. In 2016, Denmark was ranked as the happiest nation on the planet in the World Happiness Report. This might sound surprising given that in mid-winter the country is plunged into darkness for 16 hours a day, deprived of that supposed vital ingredient of happiness: sunshine. So what are their secrets?  The annual World Happiness Report typically assesses criteria such as: per capita income; life expectancy; people’s freedom to make life decisions; generosity; social support; and corruption in government and business. For the 2017 report - in which Norway leapfrogged their Scandinavian neighbours into first place - researchers looked in depth at Africa and China, happiness in the workplace, happiness over the course of life in general, and the sources and consequences of trust – the vital glue for ensuring stable social foundations.

 

Related publications

Helliwell, J., Layard, R., & Sachs, J. (2017). World Happiness Report 2017, New York: Sustainable Development Solutions Network. ISBN 978-0-9968513-5-0

http://worldhappiness.report/


Related Links:
Science Focus - How the happiest people on the planet keep smiling

CEP Wellbeing

Richard Layard webpage



News Posted: 20/03/2017      [Back to the Top]

Khaleej Times

UAE takes happiness global with new council

The Ruler of Dubai has announced the formation of the World Happiness Council, headed by a Columbia professor.

Headed by Columbia University Professor Jeffrey Sachs, the 12-member council will focus on six key areas: health, education, environment, personal happiness, happy cities and community standards for happiness, each with its own sub-council chaired by a different member of the team.  "The council aims to support international goals to standardise happiness as a measure of development, as we are doing in the UAE," Sheikh Mohammed noted on his Twitter account. The council will be tasked with compiling an annual Global Happiness Report, highlighting international practices and achievements with regards to happiness and happiness research. Other members of the council include Unesco director-general Irina Bukova, former Finnish PM Alexander Stubb; Professor Lord Layard, director of the Wellbeing Programme of the London School of Economic's Centre for Economic Performance; Professor John Heliwell of the University of British Columbia, Professor Martin Seligman, director of the Penn Positive Psychology Centre; and Dr Aisha bin Bishr, director-general of the Smart Dubai Office.

Related publications

Helliwell, J., Layard, R., & Sachs, J. (2017). World Happiness Report 2017, New York: Sustainable Development Solutions Network. ISBN 978-0-9968513-5-0

http://worldhappiness.report/


Related Links:
Khaleej Times - UAE takes happiness global with new council

CEP Wellbeing

Richard Layard webpage



News Posted: 20/03/2017      [Back to the Top]

Wired.co.uk

Norway topples Denmark to be the happiest country in the world (and the UK enters the top 20)

The report doesn't show an improving story for the US, however, which fell from 13th to 14th in the space of a year. The country was also individually highlighted by the report's editors – John Helliwell, Richard Layard and Jeffrey Sachs…

Related publications

http://worldhappiness.report/

Helliwell, J., Layard, R., & Sachs, J. (2017). World Happiness Report 2017, New York: Sustainable Development Solutions Network. ISBN 978-0-9968513-5-0


Related Links:
Wired.co.uk - Norway topples Denmark to be the happiest country in the world (and the UK enters the top 20)

CEP Wellbeing

Richard Layard webpage



News Posted: 20/03/2017      [Back to the Top]

PIXII (USA) Online

Where are the world's happiest countries?

“In rich countries the biggest single cause of misery is mental illness,” said Professor Richard Layard, director of the Wellbeing Programme at the London School of Economics’ Centre for Economic Performance.

Related publications

http://worldhappiness.report/

Helliwell, J., Layard, R., & Sachs, J. (2017). World Happiness Report 2017, New York: Sustainable Development Solutions Network. ISBN 978-0-9968513-5-0


Related Links:
PIXII (USA) Online - Where are the world's happiest countries?

CEP Wellbeing

Richard Layard webpage



News Posted: 20/03/2017      [Back to the Top]

The Standard (Hong Kong) Online

Gloomy HK fares worse than Nicaragua for happiness, China ranks below war-torn Libya

Editors of the World Happiness Report, John F. Helliwell, Richard Layard, and Jeffrey Sachs, say happiness is increasingly considered the proper measure of social progress and the goal of public policy. "Happiness is increasingly considered the proper measure of social progress and the goal of public policy.

 

Related publications

http://worldhappiness.report/

Helliwell, J., Layard, R., & Sachs, J. (2017). World Happiness Report 2017, New York: Sustainable Development Solutions Network. ISBN 978-0-9968513-5-0


Related Links:
The Standard (Hong Kong) Online - Gloomy HK fares worse than Nicaragua for happiness, China ranks below war-torn Libya

CEP Wellbeing

Richard Layard webpage



News Posted: 20/03/2017      [Back to the Top]

Eureka Alert! (Canada) online

World Happiness Report ranks Canada 7th happiest country in the world

…fifth annual World Happiness Report. It was edited by Helliwell of CIFAR (Canadian Institute for Advanced Research) and the University of British Columbia; Richard Layard, Director of the Well-Being Programme at the London School of Economics; and Jeffrey Sachs…

Related publications

http://worldhappiness.report/

Helliwell, J., Layard, R., & Sachs, J. (2017). World Happiness Report 2017, New York: Sustainable Development Solutions Network. ISBN 978-0-9968513-5-0


Related Links:
Eureka Alert! (Canada) online - World Happiness Report ranks Canada 7th happiest country in the world

CEP Wellbeing

Richard Layard webpage



News Posted: 20/03/2017      [Back to the Top]

Elite Daily (USA) Online

Experts Revealed The One Thing You Need To Truly Be Happy

Related publications

http://worldhappiness.report/

Helliwell, J., Layard, R., & Sachs, J. (2017). World Happiness Report 2017, New York: Sustainable Development Solutions Network. ISBN 978-0-9968513-5-0

 

Related links

Richard Layard webpage:  http://cep.lse.ac.uk/_new/staff/person.asp?id=970

Wellbeing Programme webpage:  http://cep.lse.ac.uk/_new/research/wellbeing/default.asp


Related Links:
Elite Daily (USA) Online - Experts Revealed The One Thing You Need To Truly Be Happy

CEP Wellbeing

Richard Layard webpage



News Posted: 20/03/2017      [Back to the Top]

Left Foot Forward (Online)

People are happier in more equal societies. Here's the evidence

On World Happiness Day we should be talking about inequality

Richard Layard among others has noted how happiness has stalled in many developed countries, despite considerable improvements in living standards over the last fifty years to so.

Related publications

http://worldhappiness.report/

Helliwell, J., Layard, R., & Sachs, J. (2017). World Happiness Report 2017, New York: Sustainable Development Solutions Network. ISBN 978-0-9968513-5-0

 

 


Related Links:
Left Foot Forward (Online) - People are happier in more equal societies. Here's the evidence

CEP Wellbeing

Richard Layard webpage



News Posted: 20/03/2017      [Back to the Top]

The Financial (Georgia) online

Norway takes top spot in 2017 World Happiness Report

The report also highlights the personal factors affecting happiness. As Professor Layard points out, “in rich countries the biggest single cause of misery is mental illness”…

Related publications

http://worldhappiness.report/

Helliwell, J., Layard, R., & Sachs, J. (2017). World Happiness Report 2017, New York: Sustainable Development Solutions Network. ISBN 978-0-9968513-5-0


Related Links:
The Financial (Georgia) online - Norway takes top spot in 2017 World Happiness Report

CEP Wellbeing

Richard Layard webpage



News Posted: 20/03/2017      [Back to the Top]

Gulf Business

Happiness in the GCC

In the World Happiness Report, prepared by the Sustainable Development Solutions Network (SDSN) and the Earth Institute at Columbia University, the authors argue that happiness provides a broader indicator of human welfare than measures of inequality, poverty, health, education and good government viewed separately. A notion agreed by other happiness experts.

“Happiness comes partly from without but very largely from within, so it’s very largely based on how you respond to what happens to you,” notes World Happiness Report author Sir Richard Layard, director of the wellbeing programme at the London School of Economics’ Centre for Economic Performance.


Related Links:
Gulf Business - Happiness in the GCC

CEP Wellbeing

Richard Layard webpage



News Posted: 19/03/2017      [Back to the Top]

Gulf News

In pro-Brexit Kent, farmers count on EU workforce

In a country whose 4.7 per cent unemployment rate is the envy of its European neighbours, the argument that immigration weighs on wages was widely used by pro-Brexit campaigners. The theory, however, often does not stand up to scrutiny. “The short answer is no. It doesn’t have any effect on wages at all,” said Jonathan Wadsworth, a senior research fellow at the London School of Economics. He said it could have a “very, very small” effect on low-skilled jobs, amounting to a decline of just one percentage point or less. “The big falls in wages after 2008 are due to the global financial crisis and a weak economic recovery, not to immigration,” Wadsworth said.

Related publications

‘Why immigration is no reason to leave the EU’ (http://cep.lse.ac.uk/pubs/download/cp471.pdf), Jonathan Wadsworth, Swati Dhingra, Gianmarco Ottaviano and John Van Reenen.  Article in CentrePiece Volume 21, Issue 2, Summer 2016 (http://cep.lse.ac.uk/pubs/download/CentrePiece_21_1.pdf)

‘Brexit and the Impact of Immigration on the UK’, CEP Brexit Analysis No. 5 by Jonathan Wadsworth, Swati Dhingra, Gianmarco Ottaviano and John Van Reenen, May 2016

http://cep.lse.ac.uk/pubs/download/brexit05.pdf


Related Links:
Gulf News - In pro-Brexit Kent, farmers count on EU workforce

CEP Labour Markets

Jonathan Wadsworth webpage



News Posted: 19/03/2017      [Back to the Top]

Gulf News

UAE sets up World Happiness Council

Dubai: The World Happiness Council launched by the UAE yesterday will receive an administrative support from the UN Sustainable Development Solutions Network and will convene twice every year.

The council will include 12 members namely Irina Bokova, Director-General of Unesco, Alexander Stubb, Finnish ex-prime minister, Professor Lord Layard, Director of the Wellbeing Programme at the LSE’s Centre for Economic Performance at the London School of Economics, Prof John Helliwell, Professor Emeritus of Economics at the University of British Columbia, Edward Diner, professor of psychology at the Universities of Utah and Virginia and senior scientist with the Gallup Organisation, Prof Martin Seligman, Director of the Penn Positive Psychology Centre, Zellerbach Family Professor of Psychology in the Penn Department of Psychology, and Director of the Penn Master of Applied Positive Psychology programme (MAPP), Dr Aisha Bin Bishr, Director General of the Smart Dubai Office, Ahmad Al Shugairi, prominent media figure, Sonja Lyubomirsky, Professor of Psychology at the University of California, Riverside and author of the famous book “How of Happiness”, Shawn Achor, leading expert in the Science of Happiness and Author of The Happiness Advantage, Martine Durand, Director of Statistics and Chief Statistician at the OECD and Jan-Emmanuel De Neve Associate Professor of Economics and Strategy at Saïd Business School, University of Oxford.

Six sub-councils will fall under the umbrella of the council:

1.The Council of Happiness and Health, to be chaired by Professor Lord Richard Layard

4.The Council of Happiness in Work Environment, to be chaired by Professor Jan-Emmanuel De Neve

 

Related publications

Helliwell, J., Layard, R., & Sachs, J. (2017). World Happiness Report 2017, New York: Sustainable Development Solutions Network. ISBN 978-0-9968513-5-0

http://worldhappiness.report/


Related Links:
Gulf News - UAE sets up World Happiness Council

CEP Wellbeing

Jan-Emmanuel De neve webpage

Richard Layard webpage



News Posted: 19/03/2017      [Back to the Top]

The Scandinavian Journal of Economics

A characteristics approach to optimal taxation: line drawing and tax-driven product innovation

Christian Gillitzer, Henrik Kleven and Joel B. Slemrod, The Scandinavian Journal of Economics, Volume 119, Issue 2, April 2017

DOI: 10.1111/sjoe.12174


Related Links:
The Scandinavian Journal of Economics - A characteristics approach to optimal taxation: line drawing and tax-driven product innovation

CEP Labour Markets

Henrik Kleven webpage



News Posted: 18/03/2017      [Back to the Top]

Oxford Review of Economic Policy

‘A hitch-hiker's guide to post-Brexit trade negotiations: options and principles'

Swati Dhingra, Gianmarco Ottaviano and Thomas Sampson, Oxford Review of Economic Policy, Volume 33, Issue suppl_1, 1 March 2017


Related Links:
Oxford Review of Economic Policy - ‘A hitch-hiker's guide to post-Brexit trade negotiations: options and principles'

CEP Trade

Swati Dhingra webpage

Gianmarco Ottaviano webpage

Thomas Sampson webpage



News Posted: 18/03/2017      [Back to the Top]

CEP in Parliament

LSE CEP academic giving evidence on Children and young people's mental health

The Education Select Committee is holding an evidence session on Children and young people's mental health, the role of education. Lord Layard, Director of the Well-Being Programme at LSE Centre for Economic Performance will give evidence on Wednesday 29 March 2017 at 9:30am. To watch the session, click here.


Related Links:
CEP Wellbeing

Richard Layard webpage



News Posted: 18/03/2017      [Back to the Top]

BBC World Service

BBC World Service Radio (04:30:01)

Snippet: ...Swati Dhingra on a panel discussing Brexit.

Click to open

Related links

Swati Dhingra CEP publications webpage:  http://cep.lse.ac.uk/_new/publications/author.asp?author=dhingra

 


Related Links:
CEP Trade

Swati Dhingra webpage



News Posted: 18/03/2017      [Back to the Top]

LSE Business Review blog

Keeping up with the Joneses: Superstar houses and the US mortgage frenzy

Wealth inequality visible in house sizes fuelled the mortgage boom that culminated in the 2008 financial crisis, writes Clément Bellet

Related publications

‘Superstar houses and the American mortgage frenzy’ (http://cep.lse.ac.uk/pubs/download/cp498.pdf), Clément Bellet.  Article in CentrePiece Volume 22, Issue 1, Spring 2017 (http://cep.lse.ac.uk/pubs/download/CentrePiece_22_1.pdf)

 

 


Related Links:
LSE Business Review blog - Keeping up with the Joneses: Superstar houses and the US mortgage frenzy

The Paradox of the Joneses: Superstar Houses and Mortgage Frenzy in Suburban America

CEP Wellbeing

Clement Bellet webpage



News Posted: 17/03/2017      [Back to the Top]

Allmediascotland.com

Media Release: SCDI Forum – Exporting key to resilient growth during Brexit and second independence referendum

The SCDI Forum – ‘Brave New Worlds? Economic Growth & Wealth Creation’ – will today (Thursday 16 March) consider the challenges and changes facing our economy, with presentations and discussions on the new industrial strategy and inclusive growth, as well as the particularly pressing topic of how we raise our sights to grow the value of our exports.

The agenda for day two of the SCDI Forum 2017 on Friday 17 March includes: …

  • Richard Davies - Chief of staff at the LSE Growth Commission; and former chair of the Council of Economic Advisers at HM Treasury and economics dditor at The Economist will discuss the Commission’s major new report, ‘UK Growth, A New Chapter’, on a post-Brexit strategy for modern labour markets, industrial strategy, ‘openness’ to trade and talent, and business finance and growth.

Related publications

'UK Growth: A New Chapter', LSE Growth Commission Report, February 2017.


Related Links:
Allmediascotland.com - Media Release: SCDI Forum – Exporting key to resilient growth during Brexit and second independence referendum

CEP Growth

Richard Davies webpage



News Posted: 17/03/2017      [Back to the Top]

Wall Street Italia

Perché serve una nuova economia/Why we need a new economics

Labor economists of the United Kingdom, as well as co-author of both Richard Layard that Steven Nickell, we need the introduction of the NAIRU in 1986.

Related publications

Combatting Unemployment IZA Prize in Labor Economics, Richard Layard and Stephen Nickell; Edited by Werner Eichhorst and Klaus F. Zimmermann, OUP, 2011, ISBN 978-0-19-960978-9

https://global.oup.com/academic/product/combatting-unemployment-9780199609789?q=978-0-19-960978-9&lang=en&cc=gb

‘Unemployment: Macroeconomic Performance and the Labour Market’, Richard Jackman, Richard Layard and Stephen Nickell, OUP, 2005, ISBN: 9780199279173

https://global.oup.com/academic/product/unemployment-9780199279166?cc=gb&lang=en&


Related Links:
Wall Street Italia - Perché serve una nuova economia/Why we need a new economics

CEP Labour Markets

CEP Wellbeing

Richard Layard webpage



News Posted: 16/03/2017      [Back to the Top]

W Radio (Spain) online

Vicente Fox cree que 'la gente está perdiendo la confianza en la democracia/ Vicente Fox believes that 'people are losing confidence in democracy'

At the table today the economist Richard Layard, director of the office of the Bhutan gross national happiness, Saamdu Chetri and the spiritual leader also included Sri Sri Ravi Shankar, among others. EFE


Related Links:
W Radio (Spain) online - Vicente Fox cree que 'la gente está perdiendo la confianza en la democracia/ Vicente Fox believes that 'people are losing confidence in democracy'

CEP Wellbeing

Richard Layard webpage



News Posted: 16/03/2017      [Back to the Top]

Noroeste.com

Special Newsweek: the causes of unhappiness

Youth and young adults are especially vulnerable to mental illness

"We found, persistently and in all countries, that mental health problems are the leading causes of suffering", says Richard Layard of the London School of Economics, who, together with his colleague Sarah Flèche, analyzed happiness and satisfaction surveys carried out around the world.

See also

Saturday 11 March

Newsweek en Español

Las causas de la infelicidad

http://nwnoticias.com/#!/noticias/las-causas-de-la-infelicidad

 

Related publications

‘Do more of those in misery suffer from poverty, unemployment or mental illness?’, Sarah Fléche and Richard Layard, KYKLOS International Review for Social Sciences Volume 70, Issue 1, February 2017

DOI: 10.1111/kykl.12129

http://onlinelibrary.wiley.com/doi/10.1111/kykl.12129/abstract


Related Links:
Noroeste.com - Special Newsweek: the causes of unhappiness

CEP Wellbeing

Sarah Fleche webpage

Richard Layard webpage



News Posted: 15/03/2017      [Back to the Top]

Tax Policy Center

Would Bill Gates's proposed robot tax help workers?

A recent paper from Georg Graetz of Uppsala University found that industrial robots had no significant effect on overall employment, meaning the total number of hours worked by people in a country stayed around the same even when the use of those devices increased.


Related Links:
Tax Policy Center - Would Bill Gates's proposed robot tax help workers?

Robots at work: the impact on productivity and jobs

CEP Labour Markets

Georg Graetz webpage

Guy Michaels webpage



News Posted: 14/03/2017      [Back to the Top]

Thanhnien.vn (Vietnam)

British students taught happiness

Professor Richard Layard, the British Government's Adviser in the test program conducted in 26 schools.


Related Links:
Thanhnien.vn (Vietnam) - British students taught happiness

CEP Wellbeing

Richard Layard webpage



News Posted: 14/03/2017      [Back to the Top]

The Canary

The government has a new way to tackle the childhood mental health crisis

Schools across the country are going to trial lessons on happiness and dealing with mental health issues. Professor Richard Layard, who is a government adviser for a four-year trial of weekly mindfulness classes, says schools shouldn’t obsess about academic achievement. The well-being of pupils also matters.


Related Links:
The Canary - The government has a new way to tackle the childhood mental health crisis

CEP Wellbeing

Richard Layard webpage



News Posted: 13/03/2017      [Back to the Top]

US News

Brexit withdrawal pains loom over UK

Europe, not Britain, is seen as having the most leverage going into the talks. "The party with the most to lose has the weakest position," says Dennis Novy, a University of Warwick economist, "and that's the U.K." The EU is Britain's closest and largest trading partner. Forty-four percent of U.K. exports go to the EU, while only 8 to 17 percent of EU exports go to Britain. Novy says failing to reach a trade deal wouldn't completely quash U.K. markets for European goods and services anyway, just shrink them as rising prices dilute demand.


Related Links:
US News - Brexit withdrawal pains loom over UK

CEP Trade

Dennis Novy webpage



News Posted: 13/03/2017      [Back to the Top]

Business Insider Italia

Brexit, l'appello della London School of Economics: ''Immigrati fondamentali per l'economia''

"For Britain, it is the hardest undertaking by the defeat of Nazism in World War II" admits election campaign manager Dominic Cummings, in support of Brexit. Of course, the outcome of the referendum has undermined even analysts and researchers engaged in studies in support of government policies. As in the case of the London School of economics that in 2013 has created the first "growth commission"...For the British the optimal situation recommended by the Growth Commission is to push the export of services and the import of manufactured goods, but it is easy to imagine that the EU wants to put stakes.

Related Links:
Business Insider Italia - Brexit, l'appello della London School of Economics: ''Immigrati fondamentali per l'economia''

CEP Trade

CEP Growth

Richard Davies webpage

Stephen Machin webpage

Anna Valero webpage

Isabelle Roland webpage

Philippe Aghion webpage

Tim Besley webpage



News Posted: 12/03/2017      [Back to the Top]

Business Insider (Italy)

Brexit, l'appello della London School of Economics: ''Immigrati fondamentali per l'economia''/Brexit, the appeal of the London School of Economics: ''Immigrants are fundamental to the economy''

Brexit constringerà the United Kingdom to rethink all its economic policies: from the labour market to industrial policy, from immigration to foreign trade. A commitment is certainly not trivial for the Government by Theresa May that still waits for the green light from Parliament to invoke article 50 of the European treaties setting in motion the process that will lead Britain out of the borders of the European Union within the next two years. "For Britain, it is the hardest undertaking by the defeat of Nazism in World War II" admits election campaign manager Dominic Cummings, in support of Brexit. Of course, the outcome of the referendum has undermined even analysts and researchers engaged in studies in support of government policies. As in the case of the London School of economics that in 2013 has created the first "growth commission" a kind of white paper of the economy: "Brexit", so nobody imagined the result pushed the London School has rilancare a second Board for growth, "says Novella Bottini, a consultant for the London Institute.

Related publications

'UK Growth: A New Chapter', LSE Growth Commission Report, February 2017.


Related Links:
Business Insider (Italy) - Brexit, l'appello della London School of Economics: ''Immigrati fondamentali per l'economia''/Brexit, the appeal of the London School of Economics: ''Immigrants are fundamental to the economy''

CEP Growth

CEP Trade

Philippe Aghion webpage

Tim Besley webpage

Stephen Machin webpage

Isabelle Roland webpage

Anna Valero webpage



News Posted: 12/03/2017      [Back to the Top]

The Guardian

Schools to trial happiness lessons for eight-year-olds

Lord Layard, who is a government adviser for a current four-year trial of weekly mindfulness classes in 26 schools, said there was an obsession with measuring only academic achievement.

“The development of the character of children is an incredibly important issue,” said Layard, who is also a professor at the London School of Economics and Political Science (LSE). “If you really want schools to take the wellbeing of their pupils as an important goal, there has to be a way of measuring that.”

Related publications

Vox

Origins of happiness: Evidence and policy implications

Andrew Clark, Sarah Fleche, Richard Layard, Nattavudh Powdthavee and George Ward


Related Links:
The Guardian - Schools to trial happiness lessons for eight-year-olds

CEP Wellbeing

Richard Layard webpage



News Posted: 12/03/2017      [Back to the Top]

Die Bundesregierung

Discussion with Chancellor Angela Merkel at the Third International German Forum

Chancellor Angela Merkel and international experts have discussed ways of improving global health. This is a matter of major importance, she said, and thus one of the priorities of Germany’s G20 Presidency.  Richard Layard speaking at 56:05 minutes.


Related Links:
Die Bundesregierung - Discussion with Chancellor Angela Merkel at the Third International German Forum

CEP Wellbeing

Richard Layard webpage



News Posted: 10/03/2017      [Back to the Top]

St Louis Post-Dispatch (USA)

Stacy Washington: Minimum wage hike will hurt city of St. Louis

Researchers Maarten Goos and Alan Manning posit in “Lousy and Lovely Jobs: the Rising Polarization of Work in Great Britain” that there is a general “hollowing out of middle income routine jobs” while “high income cognitive jobs and low income manual jobs” continue to produce increasing job opportunities. While I disagree that entry-level food service and retail work is middle income, their point is well-made. Any human function that can be sequenced and programmed, such as taking orders, flipping burgers or operating fry baskets, can and will be automated to save money.

Related publications

‘Lovely and lousy jobs’, Alan Manning.  Article in CentrePiece Volume 18, Issue 2, Autumn 2013 (http://cep.lse.ac.uk/pubs/download/CentrePiece_18_2.pdf)

http://cep.lse.ac.uk/pubs/download/cp398.pdf


Related Links:
St Louis Post-Dispatch (USA) - Stacy Washington: Minimum wage hike will hurt city of St. Louis

Lousy and Lovely Jobs: the Rising Polarization of Work in Britain

CEP Labour Markets

CEP Community

Alan Manning webpage



News Posted: 10/03/2017      [Back to the Top]

Journal of Economic Geography

CEP Journal Articles

‘Agglomeration externalities and urban growth controls’, Wouter Vermeulen, Journal of Economic Geography Volume 17, Issue 1, January 2017

http://bit.ly/2n719tK

Related publications

Agglomeration Externalities and Urban Growth Controls Wouter Vermeulen, SERC/Urban and Spatial Programme Discussion Paper No.093, October 2011

Related links

Wouter Vermeulen webpage:  https://www.cpb.nl/medewerkers/wouter-vermeulen

‘Urban renewal after the Berlin Wall: a place-based policy evaluation’, Gabriel M. Ahlfeldt, Wolfgang Maennig and Felix J. Richter, Journal of Economic Geography Volume 17, Issue 1, January 2017

http://bit.ly/2n7160U

Related links

Gabriel Ahlfeldt webpage:  http://cep.lse.ac.uk/_new/staff/person.asp?id=10268

‘Innovation, SMEs and the liability of distance: the demand and supply of bank funding in UK peripheral regions’, Neil Lee and Ross Brown, Journal of Economic Geography Volume 17, Issue 1, January 2017

http://bit.ly/2mqOC0P

Related links

Neil Lee webpage:  http://www.lse.ac.uk/geographyAndEnvironment/whosWho/staff%20profiles/NLee.aspx

 


Related Links:
Journal of Economic Geography - CEP Journal Articles

CEP Urban and Spatial Programme

Gabriel Ahlfeldt webpage



News Posted: 09/03/2017      [Back to the Top]

CEP on TV/Radio

BBC York

17:20:17

Professor Martin Knapp comments on money for social care in the budget

Also on:

BBC Wiltshire


Related Links:
CEP on TV/Radio - BBC York

CEP Wellbeing

Martin Knapp webpage



News Posted: 09/03/2017      [Back to the Top]

LSE Business Review

Technology may not be responsible for jobless recoveries

Since the early 1990s, the US has been plagued by weak employment growth when emerging from recessions – so called ‘jobless recoveries’. Georg Graetz and Guy Michaels look at multiple recoveries elsewhere in the world over a 40-year period to see if the same applies – and whether modern technology is responsible.


Related Links:
LSE Business Review - Technology may not be responsible for jobless recoveries

In brief... Is technology to blame for jobless recoveries?

Is Modern Technology Responsible for Jobless Recoveries?

CEP Labour Markets

Georg Graetz webpage

Guy Michaels webpage



News Posted: 09/03/2017      [Back to the Top]

Horticulture Week

Dutch TV news Javado and Alton Garden Centre Brexit report airs

Following Brexit, Dutch TV news has followed a consignment of orchids from Holland to Alton Garden Centre and visited last month's Garden Retail Summit.

Dutch TV channel NPO1 (equivalent to BBC1) followed the plant exports to the UK for themselves last week and visited the London School of Economics to get an insight into the impact of Brexit through Dutch/UK trade.  Nikhil Datta, a researcher at the London School of Economics, said the LSE has estimated that Brexit will have a negative effect of 0.75% on the Dutch economy.


Related Links:
Horticulture Week - Dutch TV news Javado and Alton Garden Centre Brexit report airs

CEP Labour Markets

CEP Trade

Nikhil Datta webpage



News Posted: 09/03/2017      [Back to the Top]

A Tribuna (Brazil)

Pesquisas comprovam: dinheiro não compra felicidade/Polls show: money can't buy happiness

Having good mental health and being in a good relationship makes people happier than doubling income points says study.  The London School of Economics, in the United Kingdom, interviewed 200,000 people in Australia, United Kingdom, Germany and United States on the factors that most influence your sense of well-being. And having a partner positively led this list. "The evidence shows that the things that matter most to happiness are our relationships and our physical and mental health," says the study's co-author Richard Layard, an economist who initiated a few years ago a movement to create a happier and compassionate society, called action for Happiness.

 

Related publications

Associated article

Vox

Origins of happiness: Evidence and policy implications

Andrew Clark, Sarah Fleche, Richard Layard, Nattavudh Powdthavee and George Ward


Related Links:
A Tribuna (Brazil) - Pesquisas comprovam: dinheiro não compra felicidade/Polls show: money can't buy happiness

CEP Wellbeing

Richard Layard webpage



News Posted: 08/03/2017      [Back to the Top]

The New York Times

‘Superstar firms' may have shrunk workers' share of income

From manufacturing to retailing, giant companies have managed to gobble up a larger and larger share of the market. While such concentration has resulted in enormous profits for investors and owners of behemoths like Facebook, Google and Amazon, this type of “winner take most” competition may not be so good for workers as a whole. Over the last 30 years, their share of the total income kitty has been eroding. And the industries where concentration is the greatest is where labor’s share has dropped the most, according to research that analyzed confidential financial data from hundreds of companies. Think about the retail sector, where mom-and-pop stores once crowded the landscape. Now it is dominated by a handful of giants like Walmart, Target and Costco. “They’re very sophisticated and efficient and they don’t use as much labor,” said Mr. Autor, who worked on the research with a team of economists that included David Dorn, Lawrence F. Katz, Christina Patterson and John Van Reenen.

See also

Pagina (Italy)

Chi più innova meno paga/Who pays most

http://www.pagina99.it/2017/03/07/innovazione-stipendi-profitti-imprese-mit-u-s-economic-census/


Related Links:
The New York Times - ‘Superstar firms' may have shrunk workers' share of income

CEP Growth

John Van reenen webpage



News Posted: 08/03/2017      [Back to the Top]

BBC London 94.9 (Radio)

CEP on TV/Radio

19:00:01

Snippet: ...Martin Knapp discusses the Chancellor’s plans to put an extra £2 billion towards England’s social care systems.

Click to open

Also on BBC Radio 4, BBC Foyle, BBC Radio Ulster, BBC Radio Nottingham, BBC Lancashire


Related Links:
CEP Wellbeing

Martin Knapp webpage



News Posted: 08/03/2017      [Back to the Top]

Daily Republic Online

Specter of no Brexit deal haunts Britain's automakers

Swati Dhingra, an economics lecturer at the London School of Economics, estimated in a study prior to last year’s referendum that Brexit could reduce total U.K. car production by as much as 12 percent.

 

Related publications
See the complete set of CEP Brexit Analysis research papers here


Related Links:
Daily Republic Online - Specter of no Brexit deal haunts Britain's automakers

CEP Trade

Swati Dhingra webpage



News Posted: 08/03/2017      [Back to the Top]

Jakarta Globe

Britain Seeks to Plug Skills Shortages Sapping Productivity

While skills shortages are a crucial element, they are not the only factor behind Britain's weak productivity, said London School of Economics researcher Anna Valero. Low business investment, a lack of focus on exports, limited public spending on infrastructure, and greater difficulty commercializing scientific research than in the United States, have all played a part, she added. Another difference is that Britain's easy-hire, easy-fire jobs market and low labor costs for many roles have made it viable to rely on low-skilled workers – boosting employment levels compared with other countries but discouraging investment in less labor-intensive working methods. This may be starting to change, with Britain's minimum wage now rising more steeply, in addition to new pension charges and the incoming apprenticeship levy for many employers.

 

Related publications

‘UK Growth: A New Chapter’, LSE Growth Commission Report, February 2017

http://www.lse.ac.uk/researchAndExpertise/units/growthCommission/documents/pdf/2017LSEGCReport.pdf


Related Links:
Jakarta Globe - Britain Seeks to Plug Skills Shortages Sapping Productivity

CEP Growth

Anna Valero webpage



News Posted: 08/03/2017      [Back to the Top]

U.S. News and World Report

Dennis Novy gave an interview to the American news magazine U.S. News and World Report on 07 March 2017

The interview was about the negotiations on international trade between the UK and the EU that will follow once Article 50 has been triggered. In particular, the interview covered the strengths and weaknesses of the UK negotiating position on trade after Brexit, and how European partners might react to British demands.

https://www.usnews.com/ 


Related Links:
U.S. News and World Report - Dennis Novy gave an interview to the American news magazine U.S. News and World Report on 07 March 2017

CEP Trade

Dennis Novy webpage



News Posted: 07/03/2017      [Back to the Top]

Reuters

RPT-Britain seeks to plug skills shortages sapping productivity

While skills shortages are a crucial element, they are not the only factor behind Britain's weak productivity, said London School of Economics researcher Anna Valero. Low business investment, a lack of focus on exports, limited public spending on infrastructure, and greater difficulty commercialising scientific research than in the United States, have all played a part, she added.

 

Related publications

‘UK Growth: A New Chapter’, LSE Growth Commission Report, February 2017

http://www.lse.ac.uk/researchAndExpertise/units/growthCommission/documents/pdf/2017LSEGCReport.pdf

 


Related Links:
Reuters - RPT-Britain seeks to plug skills shortages sapping productivity

CEP Growth

Anna Valero webpage



News Posted: 07/03/2017      [Back to the Top]

The Daily Telegraph

Call for statistics to measure quality of economic growth

National figures on economic growth fail to take into account of regional variations and ignore quality of life, such as the gap in life expectancy between Surrey and the north east of England, the Inclusive Growth Commission warned.

Local productivity, local incomes, the distribution of earnings, pay changes for the lowest paid and levels of regional economic inactivity could all form part of this new inclusive growth metric, said the ICG which is chaired by Stephanie Flanders, JP Morgan’s chief market strategist. The Commission also includes former Rolls-Royce chief executive Sir John Rose and London School of Economics professor Henry Overman.


Related Links:
The Daily Telegraph - Call for statistics to measure quality of economic growth

CEP Urban and Spatial Programme

CEP Trade

Henry Overman webpage



News Posted: 07/03/2017      [Back to the Top]

CVER Press Release

Transforming Technical Education in England: Analysis of promised budget proposals

Trails for the Chancellor’s budget speech on Wednesday promise big new plans for technical education in England. Professor Sandra McNally of the Centre for Vocational Education Research (CVER) at the London School of Economics, who is available for comment on the proposals, summarises the evidence and her view of what reforms are needed.

http://cep.lse.ac.uk/textonly/_new2014/news/releases/2017_03_06.pdf


Related Links:
CVER Press Release - Transforming Technical Education in England: Analysis of promised budget proposals

CEP CVER



News Posted: 06/03/2017      [Back to the Top]

LSE Business Review

The roles of nature and history in world development

A study on how the relative importance of a place’s suitability for agriculture and trade has changed over time, by Vernon Henderson, Tim Squires, Adam Storeygard and David Weil

Related publications

This article summarises ‘The Global Spatial Distribution of Economic Activity: Nature, History and the Role of Trade’ by Vernon Henderson, Tim Squires, Adam Storeygard and David Weil, SERC/Urban and Spatial Programme Discussion Paper No. 198, May 2016

http://www.spatialeconomics.ac.uk/textonly/SERC/publications/download/sercdp0198.pdf

 


Related Links:
LSE Business Review - The roles of nature and history in world development

The roles of nature and history in world development

CEP Urban and Spatial Programme

Vernon Henderson webpage



News Posted: 06/03/2017      [Back to the Top]

SurreyBaby

‘Outstanding' nurseries may not be the best, says new research

Attending a nursery with an outstanding Ofsted rating has ‘limited benefits’ for children’s education, says new research from the University of Surrey. The report, published last month, showed that a child’s educational achievement at the end of their reception year is only very slightly higher if they had been taught by a qualified teacher or attended an outstanding nursery. The study, conducted by researchers at the Centre for Economic Performance (CEP), looked at the information of 1.6 million children born between September 2003 and August 2006.


Related Links:
SurreyBaby - ‘Outstanding' nurseries may not be the best, says new research

Quality in Early Years Settings and Children’s School Achievement

CEP Education and Skills

Jo Blanden webpage

Sandra Mcnally webpage



News Posted: 06/03/2017      [Back to the Top]

Yahoo! News

Phonics were being taught 350 years ago, one of world's oldest children's book reveals

Research has shown that phonics can boost children’s reading age by an average of 28 months by the time they turn seven. Boys benefit the most from the back-to-basics system and actually overtake girls after just two years of school, according to a study by Dr Marlynne Grant, an educational psychologist, who analysed the performance of pupils taught to read using synthetic phonics from the reception year upwards. The school had high levels of special educational needs. However, a study by London School of Economics last year found that while phonics help children from disadvantaged backgrounds and those who do not have English as their first language, it has had "no measurable effect on pupils’ reading scores at age 11".

 

Related links

Martina Viarengo webpage:  http://personal.lse.ac.uk/viarengo/


Related Links:
Yahoo! News - Phonics were being taught 350 years ago, one of world's oldest children's book reveals

in brief... Children's reading: evaluating a new teaching method

in brief... Children's reading: evaluating a new teaching method

"Teaching to Teach" Literacy

CEP Education and Skills

Stephen Machin webpage

Sandra Mcnally webpage



News Posted: 06/03/2017      [Back to the Top]

The Wall Street Journal

Three ways to value gold. Three conclusions

Then three economics and finance professors—Scott Baker of Northwestern University, Nick Bloom of Stanford University and Steven Davis of the University of Chicago—created a series of Economic Policy Uncertainty, or EPU, indexes. And sure enough, according to Prof. Harvey, gold shows a modest historical correlation with the global version of the EPU.

 Related publications

'Measuring Economic Policy Uncertainty', Scott R. Baker, Nicholas Bloom, Steven J. Davis, The Quarterly Journal of Economics, Vol 131, Issue 4, November 2016

http://bit.ly/2n6M3oa


Related Links:
The Wall Street Journal - Three ways to value gold. Three conclusions

Measuring Economic Policy Uncertainty

CEP Growth

Nick Bloom webpage



News Posted: 05/03/2017      [Back to the Top]

The Telegraph

How a rise in Britons being their own boss risks a borrowing crisis

Getting the balance right

A recent report by the LSE Growth Commission also warned that a world where everyone is their own boss could lead to less training, with consequences for UK living standards. 

"In the longer term, the gig economy may erode employers' incentives to invest in their workers' skills," it said.

"It is unlikely that short-term workers will receive extensive on-the-job training, and thus in the long run this may have an impact on the make-up of the skill set of the UK workforce."

Related publications

'UK Growth: A New Chapter', LSE Growth Commission Report, February 2017.


Related Links:
The Telegraph - How a rise in Britons being their own boss risks a borrowing crisis

CEP Growth

CEP Trade

Philippe Aghion webpage

Tim Besley webpage

Stephen Machin webpage

Isabelle Roland webpage

Anna Valero webpage



News Posted: 05/03/2017      [Back to the Top]

Sunday Mirror

Health is our wealth

If I asked what makes you happy what would you say? I think many of us would answer money. But according to a study by researchers at the London School of Economics, much of the world’s unhappiness stems from failed relationships.

[No link available.]

Related articles

Vox – 12 December 2016

Origins of happiness: Evidence and policy implications

Andrew Clark, Sarah Fleche, Richard Layard, Nattavudh Powdthavee and George Ward


Related Links:
CEP Wellbeing

Andrew Clark webpage

Sarah Fleche webpage

Richard Layard webpage

Nick Powdthavee webpage

George Ward webpage



News Posted: 05/03/2017      [Back to the Top]

La Jornada Aguascalientes (Spain)

El reto de la desigualdad / Opciones y decisiones/ The challenge of inequality / choices and decisions

The UN in this regard, ruled: "the year 2015 is a milestone for mankind by the adoption, in September, of sustainable development goals (SDGS), to help guide the world community towards a more inclusive and sustainable global development. It is very likely that the concepts of happiness and well-being will help to guide progress towards sustainable development"(John Helliwell, Richard Layard, and Jeffrey Sachs. Happiness 2015 World report. Overview).

Related publications

The ‘World Happiness Report 2015’, John Helliwell, Richard Layard and Jeffrey Sachs (Eds.), April 2015

http://worldhappiness.report/wp-content/uploads/sites/2/2015/04/WHR15_Sep15.pdf


Related Links:
La Jornada Aguascalientes (Spain) - El reto de la desigualdad / Opciones y decisiones/ The challenge of inequality / choices and decisions

CEP Wellbeing

Richard Layard webpage



News Posted: 04/03/2017      [Back to the Top]

CEP Engagement/In politics

CEP and its research had a broad reach in Parliament during the month of February.

During the passage of the European Union (Notification of Withdrawal) Bill in the Lords, research on the benefits from immigration at the Centre for Economic Performance (CEP) was mentioned.

Also, LSE research was picked up during debates on building more homes (Professor Cheshire)

pre-school education: teachers (Dr Jo Blanden, Professor Sandra McNally).

LSE has been particularly involved in the debate on Brexit through its submissions of written evidence in Parliament and academics appearing before select committees. LSE has responded to the Impact of Brexit on Higher Education and the Immigration inquiries.

Swati Dhingra and Professor Niamh Moloney gave their insights on UK Trade Options Beyond 2019

Professor Alan Manning and Philippe Legrain informed the Lords on Brexit and the Labour Market.

Related links

Community Programme webpage:  http://cep.lse.ac.uk/_new/research/Community/default.asp

 

 


Related Links:
CEP Urban and Spatial Programme

CEP Education and Skills

CEP Trade

Paul Cheshire webpage

Jo Blanden webpage

Sandra Mcnally webpage

Swati Dhingra webpage

Alan Manning webpage



News Posted: 04/03/2017      [Back to the Top]

Buitenland.eenvandaag.nl (Dutch TV)

Wat betekent de Brexit voor de handel met Engeland?/ What does Brexit mean to trade with England?

England, one of our main trading partners is to get out of the EU. The British Prime Minister Theresa May this month officially advised the European Union of the British departure. Dutch entrepreneurs who do a lot of trade with England wait with bated breath the negotiations that will follow. And the question is whether, in particular, the EU wants to be the best deal out there.

What the consequences will be of Brexit for the Dutch and the English economy depends on the deal concluded between the European Union and the United Kingdom says Nikhil Datta, researcher at the London School of Economics. According to him, the damage can be limited if there actually is as little change as possible.


Related Links:
CEP Trade

Nikhil Datta webpage



News Posted: 04/03/2017      [Back to the Top]

Yibada (English Chinese News, USA)

China's high-speed rail technology game: the significant role of transfer deals

Yatang Lin, a researcher from the Centre for Economic Performance of the London School of Economics, enthused that "there were ambitions to get everything done pretty quickly. Of course, there were political motives there. Therefore, the fastest and safest way was to use foreign technology."


Related Links:
Yibada (English Chinese News, USA) - China's high-speed rail technology game: the significant role of transfer deals

High-speed rail in China

High-speed rail in China

High-speed rail in China

CEP Urban and Spatial Programme

Yatang Lin webpage



News Posted: 04/03/2017      [Back to the Top]

FE Week

Government silent on adult skills behavioural research centre funding

The government is refusing to say whether more funding will be given to two “pioneering” FE research centres after their start-up grants end shortly.

Meanwhile, the Centre for Vocational Education Research is beginning to publish its own projects after being given a £3 million government grant in May 2015. Dr Sandra McNally leads the centre, and said that in the two years it has been running, her team has focused on “huge administrative data”, such as individual learner records, the national pupil database and longitudinal education outcomes data, in an attempt to process, code and apply it to their research.


Related Links:
FE Week - Government silent on adult skills behavioural research centre funding

CEP CVER

CEP Education and Skills

Sandra Mcnally webpage



News Posted: 03/03/2017      [Back to the Top]

Entorno inteligente

MÉXICO: ?El dinero no da felicidad, sobre todo si es poco??/ Mexico:? The money does not give happiness, especially if it's bit?

Almost eight out of 10 people think that the money spoiled people. This is supported by one of the gurus of happiness research, Richard Layard. In his book Happiness.

Related publications

Happiness: Lessons from a New Science 2nd Edition, Richard Layard, Penguin, 7 April 2011

https://www.penguin.co.uk/books/54928/happiness/


Related Links:
Entorno inteligente - MÉXICO: ?El dinero no da felicidad, sobre todo si es poco??/ Mexico:? The money does not give happiness, especially if it's bit?

CEP Wellbeing

Richard Layard webpage



News Posted: 03/03/2017      [Back to the Top]

Europe 1

Should we ban cell phones in school?

A brake to the concentration. Still, according to a study of 2015 to the United Kingdom by the London School of Economics, the use of the current mobile phone impair concentration. The study, which looked at the school results of 130,000 students 91 institutions of the country, shows that students enrolled in schools that have banned mobile phone have better results than those enrolled in institutions where the smartphone is not banned. And the students the less comfortable at the school who in would suffer the most, explain the researchers.

Related Publications

In brief ... Phone home: should mobiles be banned in schools?, Louis-Philippe Beland and Richard Murphy, CentrePiece Volume 20, Issue 1, Summer 2015 'Ill Communication: Technology, Distraction and Student Performance', Louis-Philippe Beland and Richard Murphy.


Related Links:
Europe 1 - Should we ban cell phones in school?

In brief... Phone home: should mobiles be banned in schools?

CEP Education and Skills

Richard Murphy webpage



News Posted: 03/03/2017      [Back to the Top]

Repubblica.it

Irrinunciabile smartphone. ''Ma i divieti non servono''/Essential smartphone. ''But the bans are not needed''

Research by the London School of Economics in 2015 calculated that at maturity, in schools where the mobile phone is banned, the boys get ratings of 6.4% higher.

Related Publications

In brief ... Phone home: should mobiles be banned in schools?, Louis-Philippe Beland and Richard Murphy, CentrePiece Volume 20, Issue 1, Summer 2015 'Ill Communication: Technology, Distraction and Student Performance', Louis-Philippe Beland and Richard Murphy.


Related Links:
Repubblica.it - Irrinunciabile smartphone. ''Ma i divieti non servono''/Essential smartphone. ''But the bans are not needed''

In brief... Phone home: should mobiles be banned in schools?

CEP Education and Skills

Richard Murphy webpage



News Posted: 03/03/2017      [Back to the Top]

Charleston Gazette-Mail (USA)

Steve White: Pipeline projects will create plenty of good jobs

The recent U.S. energy revolution, courtesy of high-tech advancements in hydraulic fracturing, has made U.S. manufacturing more competitive globally, lowering costs for energy-intensive industries while increasing output, employment and exports.Those aren’t my conclusions. They come from the London School of Economics and Political Science. “For every two jobs created in direct relation to fracking, this indirect effect adds more than one additional job elsewhere in the economy,” the report says. In fact, manufacturing exports have increased about 10 percent, on average, since the energy boom began


Related Links:
Charleston Gazette-Mail (USA) - Steve White: Pipeline projects will create plenty of good jobs

Fracking: the boost to US manufacturing

Fracking: the boost to US manufacturing

CEP Trade

Frank Pisch webpage



News Posted: 03/03/2017      [Back to the Top]

i Newspaper

Why does nobody want to host the Olympics anymore?

The Olympics shouldn’t be sold as bringing any wider benefits at all – but, instead as a very expensive party. Hosting the Olympic Games in 2012 cost about £150 per UK tax payer – but it did make Londoners happier. Londoners were happier during the summer of 2012 than those of 2011 and 2013, a study by the Centre for Economic Performance found. But in times of austerity, the happiness argument is a hard sell. That is especially true when the benefits are concentrated in the glitziest city – normally the capital. In the 2012 Olympics, citizens in poorer parts of the country effectively subsidised the happiness of Londoners.


Related Links:
i Newspaper - Why does nobody want to host the Olympics anymore?

The Host with the Most? The Effects of the Olympic Games on Happiness

CEP Wellbeing

Paul Dolan webpage

Georgios Kavetsos webpage



News Posted: 03/03/2017      [Back to the Top]

LSE Business Review

LSE Growth Commission: invest more in people, not only buildings and machines

The LSE Growth Commission sets out a new blueprint for inclusive and sustainable growth that deals with the challenges facing the UK, old and new. Based on the latest research, analysis and evidence from leading practitioners and scholars, the Commission – drawn from leading business, policy-making and academic figures – outlines the top priorities in four key areas: jobs and skills; industrial strategy; openness and finance and growth.

Related publications

'UK Growth: A New Chapter', LSE Growth Commission Report, February 2017.


Related Links:
LSE Business Review - LSE Growth Commission: invest more in people, not only buildings and machines

CEP Growth

CEP Trade

Philippe Aghion webpage

Tim Besley webpage

Stephen Machin webpage

Isabelle Roland webpage

Anna Valero webpage



News Posted: 03/03/2017      [Back to the Top]

Bloomberg View

Specter of No Brexit Deal Haunts U.K. Automakers

Swati Dhingra, an economics lecturer at the London School of Economics, estimated in a study prior to last year's referendum that Brexit could reduce total U.K. car production by as much as 12 percent.

Related article

8 June 2016

The UK in a Changing Europe – King’s College London

Brexit and foreign investment: cars and cash

Article by Swati Dhingra

One of the key issues in the referendum campaign has been the extent to which a Brexit would affect the UK’s economy. While much of this discussion has focused on trade, the role of investments in the UK from other EU countries is also important. The UK is a major recipient of investment, with only the United States and China receiving more foreign direct investment (FDI) than the UK. And of this investment in the UK (which has an estimated stock value of over £1 trillion) about half has come from other EU countries.

http://ukandeu.ac.uk/brexit-and-foreign-investment-cars-and-cash/


Related Links:
Bloomberg View - Specter of No Brexit Deal Haunts U.K. Automakers

Brexit: the impact on UK trade and living standards

The consequences of Brexit for UK trade and living standards

CEP Trade

Swati Dhingra webpage



News Posted: 03/03/2017      [Back to the Top]

Carrier Management

Are fears of a Brexit exodus overblown

“Each business lobby is motivated — the worse you can make it sound at this point, the more likely your sector will get special treatment,” said Thomas Sampson, assistant professor of economics at the London School of Economics. “I don’t know how analytically rigorous a lot of the numbers are. You want to take a lot of these numbers with a grain of salt.”

Related links

Thomas Sampson CEP publications webpage:  http://cep.lse.ac.uk/_new/publications/author.asp?author=sampson


Related Links:
Carrier Management - Are fears of a Brexit exodus overblown

CEP Trade

Thomas Sampson webpage



News Posted: 02/03/2017      [Back to the Top]

Independent

Hard Brexit will ‘open Pandora's box' for UK businesses says CBI president

Economists from the London School of Economics have estimated that the WTO route would cause an almost 10 per cent hit to UK GDP by 2030.

Also in:

The i Paper

Failure to secure trade deal 'would open Pandora's Box'

(no link available)


Related Links:
Independent - Hard Brexit will ‘open Pandora's box' for UK businesses says CBI president

The consequences of Brexit for UK trade and living standards

CEP Trade

CEP Growth

Swati Dhingra webpage

Hanwei Huang webpage

Gianmarco Ottaviano webpage

Thomas Sampson webpage

John Van reenen webpage



News Posted: 02/03/2017      [Back to the Top]

Le Huffington Post (France)

Macron veut durcir la loi qui encadre l'usage du portable à l'école, mais qu'en est-il aujourd'hui?/ Macron wants to tighten the law that oversees the use of the laptop to school, but what about today?

According to a study published in the journal of the London School of Economics in may 2015, the ban on mobiles in schools would be beneficial for the academic performance of students. Researchers have shown that in schools that forbid it, results improved by 6.4 percent compared to other schools. In the United Kingdom, more and more schools ban their speakers mobile: they were 50% in 2012 and 98% in 2012 to prohibit them or collect them earlier today, according to the Guardian.

In brief ... Phone home: should mobiles be banned in schools?, Louis-Philippe Beland and Richard Murphy, CentrePiece Volume 20, Issue 1, Summer 2015 'Ill Communication: Technology, Distraction and Student Performance', Louis-Philippe Beland and Richard Murphy Centre for Economic Performance Discussion Paper No.1350, May 2015.


Related Links:
Le Huffington Post (France) - Macron veut durcir la loi qui encadre l'usage du portable à l'école, mais qu'en est-il aujourd'hui?/ Macron wants to tighten the law that oversees the use of the laptop to school, but what about today?

In brief... Phone home: should mobiles be banned in schools?

CEP Education and Skills

Richard Murphy webpage



News Posted: 02/03/2017      [Back to the Top]

LSE Staff News

New report from LSE Growth Commission

Last Friday, the LSE Growth Commission released a new report setting out a blueprint for inclusive and sustainable growth in the UK, which deals with both old and new challenges.

Related publications

'UK Growth: A New Chapter', LSE Growth Commission Report, February 2017.


Related Links:
LSE Staff News - New report from LSE Growth Commission

CEP Growth

CEP Trade

Philippe Aghion webpage

Tim Besley webpage

Stephen Machin webpage

Isabelle Roland webpage

Anna Valero webpage



News Posted: 02/03/2017      [Back to the Top]

Bloomberg News online

The Brexit Bank Exodus Could Be More Like a Trickle

“Each business lobby is motivated -- the worse you can make it sound at this point, the more likely your sector will get special treatment,” said Thomas Sampson, assistant professor of economics at the London School of Economics. “I don’t know how analytically rigorous a lot of the numbers are. You want to take a lot of these numbers with a grain of salt.”


Related Links:
Bloomberg News online - The Brexit Bank Exodus Could Be More Like a Trickle

CEP Trade

Thomas Sampson webpage



News Posted: 01/03/2017      [Back to the Top]

Railway Technology

The importance of China's high-speed tech transfer policy

China is the world leader in the deployment of high-speed rail infrastructure but how much of this is because of the extensive technology transfer deals that were struck with foreign companies during the early days?

“There were ambitions to get everything done pretty quickly,” says Yatang Lin, a researcher from the London School of Economics’ Centre for Economic Performance. “Of course, there were political motives there. Therefore, the fastest and safest way was to use foreign technology.”


Related Links:
Railway Technology - The importance of China's high-speed tech transfer policy

High-speed rail in China

International Technology Transfer and Domestic Innovation: Evidence from the High-Speed Rail Sector in China

CEP Trade

Yatang Lin webpage



News Posted: 01/03/2017      [Back to the Top]

The Daily Telegraph

Britain is damning itself to a low wage, low productivity economy

As the London School of Economics’ “Growth Commission” noted in a recent update on the UK economy, growing self-employment is eroding the incentives for companies to invest in training and skills. I don’t want to demonise the so-called “gig economy”, which for many of those who work in it is a positive and liberating choice. It has also greatly contributed to Britain’s superior employment performance

Related publications

'UK Growth: A New Chapter', LSE Growth Commission Report, February 2017.


Related Links:
The Daily Telegraph - Britain is damning itself to a low wage, low productivity economy

CEP Growth

CEP Trade

Philippe Aghion webpage

Tim Besley webpage

Stephen Machin webpage

Isabelle Roland webpage

Anna Valero webpage



News Posted: 01/03/2017      [Back to the Top]

LSE academic mentioned in Parliament

Building more homes

During the debate on 'Building more homes' in the Economic Affairs Committee, Lord Layard mentioned LSE:

"Professor Cheshire at the London School of Economics has suggested a levy on the final value of a completed development, combining that with the change in presumption that I referred to earlier. There are many areas in which these ideas can be explored. The committee took no view on these issues but it made a clear recommendation that the Government should examine these proposals."

 

Related links

Paul Cheshire CEP publications webpage:  http://cep.lse.ac.uk/_new/publications/author.asp?author=cheshire

Richard Layard webpage:  http://cep.lse.ac.uk/_new/staff/person.asp?id=970

 


Related Links:
LSE academic mentioned in Parliament - Building more homes

CEP Urban and Spatial Programme

CEP Wellbeing

Paul Cheshire webpage

Richard Layard webpage



News Posted: 28/02/2017      [Back to the Top]

Paisley Daily Express

Banking on a good day


Related Links:
Paisley Daily Express - Banking on a good day



News Posted: 28/02/2017      [Back to the Top]

Newsweek online

Study: Mental Illness Causes More Misery Than Anything Else

“We keep on finding in every country that the mental health problems are the biggest causes of misery,” says Richard Layard of the London School of Economics, who along with colleague Sarah Flèche analyzed happiness and satisfaction surveys from around the world. In a paper published in January in the journal Kyklos, Flèche and Layard found that the correlation between mental illness and misery was strong even when poverty and unemployment were controlled for.

Related publications

‘Do more of those in misery suffer from poverty, unemployment or mental illness?’, Sarah Fléche and Richard Layard, Kyklos (International Review for Social Sciences), 70(1), February 2017

http://onlinelibrary.wiley.com/doi/10.1111/kykl.12129/epdf


Related Links:
Newsweek online - Study: Mental Illness Causes More Misery Than Anything Else

CEP Wellbeing

Sarah Fleche webpage

Richard Layard webpage



News Posted: 28/02/2017      [Back to the Top]

O2 (Poland)

So many minutes of sleep loses his mother when she wakes up her baby

The study is based on data about the life of 14 thousand. the British families. Was collected from the birth of a child in the family up to the 25 years of his life. Applications have developed Joan Costa-and-Font and Sarah Flèche from the Centre for Economic Performance at the London School of Economics and Political Science.


Related Links:
O2 (Poland) - So many minutes of sleep loses his mother when she wakes up her baby

Parental Sleep and Employment: Evidence from a British Cohort Study

CEP Wellbeing

Sarah Fleche webpage



News Posted: 28/02/2017      [Back to the Top]

Indiana University Bloomington

IU College of Arts and Sciences announces 2017 alumni and faculty honorees

The recipient of this year’s Outstanding Young Alumni Award is Rebecca Homkes (B.A./B.S. ’05) of London. Homkes is a teaching fellow/adjunct professor in the London Business School, the director of the London-based Ashridge Strategic Management Centre, co-founder of Next Wave Innovation, and the founder and director of 21st Century Strategy, a boutique consultancy firm.

Rebecca Homkes is the director of 21st Century Strategy, a boutique consultancy firm, where she works with CEOs and executive teams of top global companies and fast-growing enterprises on developing and executing strategies for growth, especially when facing extreme uncertainty. Homkes is also a teaching fellow at the London Business School’s Department of Strategy and Entrepreneurship.

A fellow at the London School of Economics’ Centre for Economic Performance and a director at the Ashridge Strategic Management Centre, Homkes is also a co-founder of corporate innovation consultancy Next Wave Innovation and a board member and mentor at GrowthX and the Silicon Valley Growth Syndicate. A 2005 graduate of IU, Homkes earned her Bachelor of Arts degree in political science and her Bachelor of Science degree in business administration with majors in finance, accounting and international studies. A Marshall Scholar, Homkes earned her Ph.D. and M.Sc. in international economy from the London School of Economics and was an Indiana University Herman B Wells Scholar in 2005.

Related links

CEP Alumni - Rebecca Homkes : http://cep.lse.ac.uk/_new/staff/alumni.asp

Rebecca Homkes CEP publications webpage:  http://cep.lse.ac.uk/_new/publications/author.asp?author=homkes


Related Links:
Indiana University Bloomington - IU College of Arts and Sciences announces 2017 alumni and faculty honorees

CEP Growth



News Posted: 28/02/2017      [Back to the Top]

The Washington Post

Is the WTO one of Trump's ‘big quagmire deals'? here's what's at stake

Recent research by Paola Conconi, Maurizio Zanardi and their co-authors finds U.S. presidential elections tend to influence the timing of WTO dispute filings, especially those with economic interests in key electoral (“swing”) states. But if domestic politics drove the filing of those cases and winning them would mainly help a political opponent, incoming presidents may choose to drop them entirely and focus on their own priorities.

Related article

‘Suspiciously timed trade disputes: How politics influencese WTO enforcement’, Paola Conconi, David DeRemer, Georg Kirchsteiger, Lorenzo Trimarchi and Maurizio Zanardi, Vox Article, 16 June 2015

http://voxeu.org/article/politics-influences-wto-enforcement


Related Links:
The Washington Post - Is the WTO one of Trump's ‘big quagmire deals'? here's what's at stake

CEP Trade

Paola Conconi webpage



News Posted: 28/02/2017      [Back to the Top]

Deutsche Welle - Media Center

Inside Europe – is it full steam ahead for Brexit?

Prime Minister Theresa May promised to trigger Article 50 by the end of March. She 'needs a free trade deal' with Donald Trump to prove that Brexit works. Deutsche WElle spoke to economist Thomas Sampson from the London School of Economics.


Related Links:
Deutsche Welle - Media Center - Inside Europe – is it full steam ahead for Brexit?

CEP Trade

Thomas Sampson webpage



News Posted: 27/02/2017      [Back to the Top]

BBC 2

Newsnight [23:39]

Snippet: ...Although maybe they won't thank me for saying that. Tracey Brown is the Director of Sense and Science - Because Evidence Matters, Nassim Nicholas Taleb is the author of Black Swan and Swati Dhingra is an Economist at LSE. Nice to have all of... (from 28m10s).


Related Links:
BBC 2 - Newsnight [23:39]

CEP Trade

Swati Dhingra webpage



News Posted: 27/02/2017      [Back to the Top]

The Irish Times

Theresa May's Nasty Party dons UKIP's Brexit clothes at a heavy price

Immigration has now been extensively studied: there is lots of excellent data that reveals robust conclusions over many different pieces of research. According to, for example, the London School of Economics Centre for Economic Performance, EU immigrants are more likely to be in work and less likely to claim benefits than their UK-born counterparts.


Related Links:
The Irish Times - Theresa May's Nasty Party dons UKIP's Brexit clothes at a heavy price

Brexit and the Impact of Immigration on the UK

CEP Trade

CEP Labour Markets

CEP Growth

Jonathan Wadsworth webpage

Swati Dhingra webpage

Gianmarco Ottaviano webpage

John Van reenen webpage



News Posted: 27/02/2017      [Back to the Top]

The Guardian

Why baby boomers are hitting the bottle like never before

In Happiness: Lessons from a New Science, the economist Richard Layard says that what builds happiness at a community level is trust (in scant supply now), a lack of loss (tell that to the Remainers) and a “sense of shared purpose” (also absent), while a concern with status and envy about what others have contaminates the civic heart. “If your sole duty is to achieve the best for yourself, life becomes just too stressful, too lonely – you are set up to fail. Instead,” Layard writes, “you need to feel you exist for something larger …each person counting.”

 


Related Links:
The Guardian - Why baby boomers are hitting the bottle like never before

Origins of happiness

CEP Wellbeing

Richard Layard webpage



News Posted: 26/02/2017      [Back to the Top]

The Sunday Times

Our nation of shoppers needs a new growth model

…"more coherent and comprehensive than anything the government has yet come up with" Article on the LSE Growth Commission Report.

Related publications

'UK Growth: A New Chapter', LSE Growth Commission Report, February 2017.


Related Links:
The Sunday Times - Our nation of shoppers needs a new growth model

CEP Growth

CEP Trade

Philippe Aghion webpage

Tim Besley webpage

Stephen Machin webpage

Isabelle Roland webpage

Anna Valero webpage



News Posted: 26/02/2017      [Back to the Top]

The Observer

Health: Child-induced fatigue costs economy dear, says study

In the first study of its kind, Joan Costa-i-Font and Sarah Flèche, of the Centre for Economic Performance at the London School of Economics and Political Science, have found that baby-induced fatigue is significantly undermining economic performance. Their work is to be presented at the Royal Economic Society’s annual conference in April.


Related Links:
The Observer - Health: Child-induced fatigue costs economy dear, says study

Parental Sleep and Employment: Evidence from a British Cohort Study

CEP Wellbeing

Sarah Fleche webpage



News Posted: 25/02/2017      [Back to the Top]

BBC Radio 4

Snippet: ... Martin Knapp

Martin Knapp is director of health and social care at the London school of economics and an economist specialising in health and social care.


Related Links:
BBC Radio 4 - Snippet: ... Martin Knapp

CEP Wellbeing

Martin Knapp webpage



News Posted: 24/02/2017      [Back to the Top]

BBC III – video

What would the UK look like without immigrants?

On #OneDayWithoutUs people are encouraged to show how much immigrants contribute to the country.

So how much of a difference do immigrants make to the UK economy?

At1:12 mins CEP (LSE) research flashes up.

Related links

Jonathan Wadsworth webpage:  http://cep.lse.ac.uk/_new/staff/person.asp?id=787

Swati Dhingra webpage:  http://cep.lse.ac.uk/_new/staff/person.asp?id=7558

Gianmarco Ottaviano webpage:  http://cep.lse.ac.uk/_new/staff/person.asp?id=7598

John Van Reenen webpage:  http://cep.lse.ac.uk/_new/staff/person.asp?id=1358

CEP Growth Programme webpage:  http://cep.lse.ac.uk/_new/research/growth/default.asp

CEP Trade Programme webpage:  http://cep.lse.ac.uk/_new/research/trade/default.asp


Related Links:
BBC III – video - What would the UK look like without immigrants?

Brexit and the Impact of Immigration on the UK

CEP Labour Markets

CEP Growth

CEP Trade

Philippe Aghion webpage

Tim Besley webpage

Stephen Machin webpage

Isabelle Roland webpage

Anna Valero webpage



News Posted: 24/02/2017      [Back to the Top]

Bloomberg

Brexit Bulletin: Team May hits back

Brexit is expected to spell the end of passporting, where firms seamlessly service the rest of the single market from their London hubs. That could herald a loss of more than 25 percent of the U.K.’s total financial services trade, a London School of Economics study said on Thursday. 

Related publications

'UK Growth: A New Chapter', LSE Growth Commission Report, February 2017.


Related Links:
Bloomberg - Brexit Bulletin: Team May hits back

CEP Growth

CEP Trade

Stephen Machin webpage

Anna Valero webpage

Philippe Aghion webpage

Tim Besley webpage

Isabelle Roland webpage



News Posted: 24/02/2017      [Back to the Top]

The Times

Britain ‘needs more skilled migrants' to help drive growth

Britain needs to attract more skilled migrants than ever, improve skills and education, strike trade deals with the European Union and America and secure a new EU passport for financial services.

ESRC's insight:

The ESRC-funded study by the London School of Economics Growth Commission set out a range of options to improve the UK’s productivity record and boost prosperity. Also recommended in the 92-page report was enhancing the government’s fledgling industrial strategy and increasing competition in finance.


Related Links:
The Times - Britain ‘needs more skilled migrants' to help drive growth



News Posted: 24/02/2017      [Back to the Top]

Bloomberg News

UK banks' loss of EU passport a ‘major threat', LSE study says

The U.K. government must ensure British financial-services companies don’t lose their ease of access to the European Union after Brexit as a “matter of urgency,” according to a report backed by high-profile British economists including former Bank of England Deputy Governor Charlie Bean. The study, compiled by the London School of Economics with input from business leaders, ex-policy makers and academics, says the U.K. needs to retain near-equivalent European Union passporting rights and warned that alternatives are “costly and time-consuming.”  It sets out a list of recommendations for Prime Minister Theresa May’s administration to bolster growth, including prioritizing free-trade deals with the U.S. and EU. It also encourages the government to boost skills, develop an industrial strategy, and increase competition in finance.

https://www.bloomberg.com/news/articles/2017-02-23/u-k-banks-loss-of-eu-passport-a-major-threat-lse-study-says

 

Related publications

'UK Growth: A New Chapter', LSE Growth Commission Report, February 2017.


Related Links:
Bloomberg News - UK banks' loss of EU passport a ‘major threat', LSE study says

CEP Growth

CEP Trade

Philippe Aghion webpage

Tim Besley webpage

Stephen Machin webpage

Isabelle Roland webpage

Anna Valero webpage



News Posted: 23/02/2017      [Back to the Top]

Channel 4

FactCheckQandA: Why isn't immigration falling more quickly?

Why has net migration continued to rise and successive government’s failed to hit their targets?

According to the Centre for Economic Performance (CEP), the majority of those who come from the EU, do so for work related reasons, whilst the majority of those who come from non-EU countries do so for study-related reasons. Both positively contribute to the UK economy with the CEP suggesting both groups have had no negative effect on jobs or wages. This is one of the main reasons the government has found it difficult to reduce immigration.

Related publications

'UK Growth: A New Chapter', LSE Growth Commission Report, February 2017.

Related Links:

 

Jonathan Wadsworth webpage:  http://cep.lse.ac.uk/_new/staff/person.asp?id=787

Swati Dhingra webpage:  http://cep.lse.ac.uk/_new/staff/person.asp?id=7558

Gianmarco Ottaviano webpage:  http://cep.lse.ac.uk/_new/staff/person.asp?id=7598

John Van Reenen webpage:  http://cep.lse.ac.uk/_new/staff/person.asp?id=1358

 

 


Related Links:
Channel 4 - FactCheckQandA: Why isn't immigration falling more quickly?

Brexit and the Impact of Immigration on the UK

CEP Growth

CEP Trade

CEP Labour Markets

Philippe Aghion webpage

Tim Besley webpage

Stephen Machin webpage

Isabelle Roland webpage

Anna Valero webpage



News Posted: 23/02/2017      [Back to the Top]

Public Finance

LSE growth commission sets out economic reform proposals

Britain’s tax laws are biased in favour of the self-employed and should be reformed to enable greater investment in people instead of buildings and machines, the LSE Growth Commission has said. This was one of the findings of a report released by the commission today on how the UK can achieve inclusive and sustainable growth after Brexit. In the study, authors identify four key priority areas: jobs and skills, industrial strategy, economic openness, and finance and growth. The commission consists of senior figures from business, politics and academia and was formed in 2013 to provide authoritative and evidence-based policy recommendations. UK Growth: A New Chapter was based on the input of senior policymakers, business people and academics, including two former chancellors, George Osborne and Alastair Darling.

Related publications

'UK Growth: A New Chapter', LSE Growth Commission Report, February 2017.


Related Links:
Public Finance - LSE growth commission sets out economic reform proposals

CEP Growth

CEP Trade

Philippe Aghion webpage

Tim Besley webpage

Stephen Machin webpage

Isabelle Roland webpage

Anna Valero webpage



News Posted: 23/02/2017      [Back to the Top]

Bloomberg News online

Brexit Bulletin: What Can By-Elections Tell Us About Brexit?

Snippet: ... Due today: latest migration figures from the ONS, and a report on the economy from the LSE Growth Commission.


Related Links:
Bloomberg News online - Brexit Bulletin: What Can By-Elections Tell Us About Brexit?

CEP Growth

CEP Trade

Anna Valero webpage

Richard Davies webpage

Isabelle Roland webpage

Stephen Machin webpage

Philippe Aghion webpage

Tim Besley webpage



News Posted: 23/02/2017      [Back to the Top]

CEP Journal Articles

Gender Inequality and Economic Development: Fertility, Education and Norms'

Henrik Kleven and Camille Landais, Economica, 14 March 2017

DOI:  10.1111/ecca.12230


Related Links:
CEP Journal Articles - Gender Inequality and Economic Development: Fertility, Education and Norms'

CEP Labour Markets

Henrik Kleven webpage



News Posted: 22/02/2017      [Back to the Top]

Parliamentary Business – www.parliament.uk

LSE research mentioned in Parliamentary Question on graduate nursery teachers

The question was tabled on 22 February by Lord Blencathra (Con):

"What is their response to the conclusions of a recent report by LSE and Surrey University that graduate nursery teachers for three- to five-year-olds make a small impact on children's attainment compared to non=graduates; and whether they have any plans to review their policy regarding requirements for nursery staff to be graduates."


Related Links:
Quality in Early Years Settings and Children’s School Achievement

CEP Education and Skills

Jo Blanden webpage

Sandra Mcnally webpage



News Posted: 22/02/2017      [Back to the Top]

Australian Economic Review

Observations on Uncertainty (pages 79–84)

© The University of Melbourne, Melbourne Institute of Applied Economic and Social Research

Volume 50, Issue 1 Pages 1 - 132, March 2017

Observations on Uncertainty (pages 79–84)

Nicholas Bloom

Version of Record online: 28 FEB 2017 | DOI: 10.1111/1467-8462.12203

Related links

Nick Bloom CEP publications webpage:  http://cep.lse.ac.uk/_new/publications/author.asp?author=bloom


Related Links:
Australian Economic Review - Observations on Uncertainty (pages 79–84)

CEP Growth

Nick Bloom webpage



News Posted: 21/02/2017      [Back to the Top]

House of Lords Hansard – www.parliament.uk

LSE research mentioned in Lords debate on the Article 50 Bill

During Lords debate on the Article 50 Bill, Lord McKenzie of Luton (Lab) mentioned LSE/CEP research:

 

"One of the most profound choices that the Government are seeking to make is to eschew membership of the single market and the customs union. They are prepared to sacrifice these at the altar of reducing immigration, notwithstanding research, most recently from the Centre for Economic Performance at the LSE, again showing the benefits to national income, taxes and the budget ​deficit from immigration, and notwithstanding a report from the think tank Global Future that suggests that the Government’s approach could mean a fall in current net levels of immigration of no more than 15%, and that might be reduced further by the terms of new free trade agreements, which typically come with a demand for liberalisation on free movement."

 

Related publications

'UK Growth: A New Chapter', LSE Growth Commission Report, February 2017.

Related links

Jonathan Wadsworth webpage:  http://cep.lse.ac.uk/_new/staff/person.asp?id=787

Swati Dhingra webpage:  http://cep.lse.ac.uk/_new/staff/person.asp?id=7558

Gianmarco Ottaviano webpage:  http://cep.lse.ac.uk/_new/staff/person.asp?id=7598

John Van Reenen webpage:  http://cep.lse.ac.uk/_new/staff/person.asp?id=1358


Related Links:
Brexit and the Impact of Immigration on the UK

CEP Growth

CEP Trade

CEP Labour Markets

Philippe Aghion webpage

Tim Besley webpage

Stephen Machin webpage

Isabelle Roland webpage

Anna Valero webpage



News Posted: 21/02/2017      [Back to the Top]

El Financiero

El Dinero no da felicidan, sobre todo si es poco

Almost eight out of 10 people think that money spoils people. This is supported by one of the gurus of the research of happiness, Richard Layard.

Related publications

Happiness:  Lessons from a New Science, Richard Layard, Penguin, 2005.  2nd edition: 2011; ISBN 0713997699

https://www.penguin.co.uk/books/54928/happiness/9780241952795/


Related Links:
El Financiero - El Dinero no da felicidan, sobre todo si es poco

CEP Wellbeing

Richard Layard webpage



News Posted: 21/02/2017      [Back to the Top]

Dien dan (Vietnam)

The index of real economic policy of China in record level 672.82 points

Index of uncertainty in the economic policy of China and Hong Kong (China-Hong Kong Economic Policy Uncertainty Index-CHEPUI) are at record levels 672.82 points after soaring up fivefold higher than the average rate in 22 years.  This index tracks the frequency of mention of economic uncertainties related to the policy of South China Morning Post (SCMP), the most prestigious English newspaper of Hong Kong. It is part of the tracking system developed by Scott Baker in Northwestern University, Nick Bloom of Stanford University and Steven Davis from the University of Chicago.

Related publications

'Measuring Economic Policy Uncertainty', Scott R. Baker, Nicholas Bloom, Steven J. Davis, The Quarterly Journal of Economics, Vol 131, Issue 4, November 2016

http://bit.ly/2m481r4

 


Related Links:
Dien dan (Vietnam) - The index of real economic policy of China in record level 672.82 points

Measuring Economic Policy Uncertainty

CEP Growth

Nick Bloom webpage



News Posted: 20/02/2017      [Back to the Top]

Bloomberg

China economic policy has never been more uncertain. Sort of.

Economic policy is always challenging to decipher in China, where Communist Party leaders steer one of the world's most opaque central banks. Indeed, one measure of uncertainty has never been higher amid complications from Hong Kong's politics to Donald Trump's protectionism. The China-Hong Kong Economic Policy Uncertainty Index stands at a record 672.82 after soaring to more than five times its average in data stretching back 22 years. The gauge tracks mentions of policy-related economic uncertainty in Hong Kong's main English-language newspaper, the South China Morning Post. It's part of a suite of trackers developed by Northwestern University’s Scott Baker, Stanford University’s Nick Bloom and Steven Davis from the University of Chicago.

Related publications

'Measuring Economic Policy Uncertainty', Scott R. Baker, Nicholas Bloom, Steven J. Davis, The Quarterly Journal of Economics, Vol 131, Issue 4, November 2016 http://bit.ly/2m481r4


Related Links:
Bloomberg - China economic policy has never been more uncertain. Sort of.

Measuring Economic Policy Uncertainty

CEP Growth

Nick Bloom webpage



News Posted: 20/02/2017      [Back to the Top]

Gulf News

6 in 10 say ban children from social networks

A majority six of ten Gulf News poll respondents think children should be banned from using social media sites altogether. Their opinion is in line with the findings of a study by the Centre for Economic Performance at the London School of Economics, in the UK. Researchers found that banning mobile phones from school premises caused test scores of students to improve by 6.4 per cent — the equivalent of adding five days to the school year.


Related Links:
Gulf News - 6 in 10 say ban children from social networks

In brief... Phone home: should mobiles be banned in schools?

Ill Communication: Technology, Distraction & Student Performance

CEP Education and Skills

Richard Murphy webpage



News Posted: 20/02/2017      [Back to the Top]

Get Surrey

Attending ‘outstanding' nursery has limited benefit for children, university research reveals

University of Surrey's economics senior lecturer, Dr Jo Blanden, said: "Successive governments have focused on improving staff qualifications, based on the belief these are important for children's learning. "Our research finding that having a graduate working in the nursery has only a tiny effect on children's outcomes surprised us. "It is possible it is driven by the types of qualifications held by those working in private nurseries, they are not generally equivalent to the qualifications of teachers in nursery classes in schools."  The study was conducted by researchers at the Centre of Economic Performance (CEP) at the London School of Economics, University of Surrey and University College London.

 


Related Links:
Get Surrey - Attending ‘outstanding' nursery has limited benefit for children, university research reveals

Quality in Early Years Settings and Children’s School Achievement

CEP Education and Skills

Jo Blanden webpage

Sandra Mcnally webpage



News Posted: 19/02/2017      [Back to the Top]

Bloomberg BNA

Are robots coming for your job?

Automation is already underway, and will continue “whether or not minimum wages are raised,” Michael Kende, chief economist of the Internet Society, told Bloomberg BNA. Also, the sorts of minimum wage increases that have been proposed, in and of themselves, won’t have much of an effect on overall employment levels either, Guy Michaels, a labor economist and professor at the London School of Economics, said. Historical evidence doesn’t show that minimum wage hikes increase unemployment, the economists said. “The cumulative empirical evidence from the last 25 years has been that minimum wage increases have had a quite modest effect on unemployment,” Michaels told Bloomberg BNA.


Related Links:
Bloomberg BNA - Are robots coming for your job?

Is Modern Technology Responsible for Jobless Recoveries?

CEP Labour Markets

Georg Graetz webpage

Guy Michaels webpage



News Posted: 17/02/2017      [Back to the Top]

Turkish World Television

TRT [around minute 9:30]

The show was on www.trtworld.com/live at these times on Friday 17 February  (GMT): 1630/ 2030/ 0130/ 0730/ 1230

Insight: Seasonal affective disorder and the business of happiness – Part I

https://www.youtube.com/watch?v=rSoOvT_zdxk

Insight: Seasonal affective disorder and the business of happiness – Part II

Seasonal Affective Disorder, or SAD, affects people around the world. So-called SAD lights have been developed to help combat the condition. And how effective are books that train you to be happy? The World Wellbeing Panel got mentioned in both and advertised in the second of these interview clips.

https://www.youtube.com/watch?v=bZWERkTvilc


Related Links:
CEP Wellbeing

Paul Frijters webpage



News Posted: 17/02/2017      [Back to the Top]

CEP and the media

Looking to raise your profile?

The BBC is looking for female experts in a whole range of areas who would like to appear on air as presenters or contributors. This is a wonderful opportunity for early career or established female academics who are interested in raising their profile and gaining some experience in the broadcast media.

Click here for more details.


Related Links:
CEP and the media - Looking to raise your profile?



News Posted: 17/02/2017      [Back to the Top]

CEP Impact

CEP article on Top Downloaded of the Economic Journal

Congratulations to Richard Layard, Andrew E. Clark, Francesca Cornaglia, Nattavudh Powdthavee and James Vernoit, who authored What Predicts a Successful Life? A Life-course Model of Well-being. The article, which features in volume 124 of the Economic Journal (EJ), has recently been listed on the Top Downloaded page of the EJ website. Since its publication in 2014, the article has received 11,796 downloads, and in 2016 it was the most downloaded article in the journal for that year.

Related publications

‘What Predicts a Successful Life? A Life-course Model of Well-being’, Richard Layard, Andrew E. Clark, Francesca Cornaglia, Nattavudh Powdthavee and James Vernoit, The Economic Journal, Vol 124, Feature Issue, November 2014

http://onlinelibrary.wiley.com/doi/10.1111/ecoj.12170/epdf


Related Links:
CEP Wellbeing

Richard Layard webpage

Andrew Clark webpage

Nick Powdthavee webpage



News Posted: 17/02/2017      [Back to the Top]

BBC Radio Shropshire

Research from LSE says graduate nursery staff have little effect on children's attainment.

…and there's a good piece on the BBC news website if you have a look at it so the couple of days so it is very current and it says gradual nursery staff have little effect on children OK having a graduate teacher industry only has a limited impact on children's attainment this is new research from the Centre of Economic Performance at the London school of economics.


Related Links:
BBC Radio Shropshire - Research from LSE says graduate nursery staff have little effect on children's attainment.

Quality in Early Years Settings and Children’s School Achievement

CEP Education and Skills

Jo Blanden webpage

Sandra Mcnally webpage



News Posted: 17/02/2017      [Back to the Top]

Quartz

Economists quantified what sleep deprivation does to mothers' pay and productivity

When Joan Costa-Font became a father, the health economist noticed a dramatic drop in his productivity. “And I am the man,” he said, acknowledging that the effect was clearly worse on his wife.

He and Sarah Flèche, a labor economist, decided to quantify the productivity drop. The novel way they chose to do it was to look at how children disrupt mothers’ sleep, and how that disruption in turn affects mothers’ labor force productivity, including hours worked and income earned.


Related Links:
Quartz - Economists quantified what sleep deprivation does to mothers' pay and productivity

Parental Sleep and Employment: Evidence from a British Cohort Study

CEP Wellbeing

Sarah Fleche webpage



News Posted: 17/02/2017      [Back to the Top]

Day Nurseries

Charity disputes research which claims qualified nursery teachers have ‘tiny effect' on children's learning

Save the Children has disputed research which found nurseries with a qualified nursery teacher have only a “tiny effect” on children’s attainment.

Earlier this week, researchers from the Centre for Economic Performance at the London School of Economics, the University of Surrey and University College London, found that children who attended a nursery that employed a graduate had an Early Years Foundation Stage Profile (EYFSP) score that was only around a third of a point higher than those whose nurseries did not employ a graduate. The total number of points available is 117. Lead author Dr Jo Blanden, senior lecturer in Economics at Surrey University, said: “Our research finding that having a member of staff qualified to graduate level working in the nursery has only a tiny effect on children's outcomes surprised us, given existing research that finds well-qualified staff have higher quality interactions with children.” However, Save the Children has claimed that children without an early years teacher are almost 10 per cent less likely to meet the expected levels of development when they start school compared to children who do have a teacher. This comes from its ‘Untapped Potential’ report last November.


Related Links:
Day Nurseries - Charity disputes research which claims qualified nursery teachers have ‘tiny effect' on children's learning

Quality in Early Years Settings and Children’s School Achievement

CEP Education and Skills

Jo Blanden webpage

Sandra Mcnally webpage



News Posted: 17/02/2017      [Back to the Top]

Sun FM

Worrying start in a life of education for Wearside children

"… there are many early years providers that do not employ graduate staff but nevertheless offer high-quality care and education." "As research published by the London School of Economics this week found, quality in the early years is about more than staff academics, and so it's important that we don't apply overly-simplistic solutions to complex problems."


Related Links:
Sun FM - Worrying start in a life of education for Wearside children



News Posted: 17/02/2017      [Back to the Top]

Sipse.com

Cientificos revelan que te hace mas feliz: el dinero o el amor/Scientists reveal what makes you happier: money or love

"... the problems of violence domestic, alcoholism, depression, isolation youth, anxiety and other many", says the co-author of the study, Richard Layard.


Related Links:
Sipse.com - Cientificos revelan que te hace mas feliz: el dinero o el amor/Scientists reveal what makes you happier: money or love

CEP Wellbeing

Richard Layard webpage



News Posted: 16/02/2017      [Back to the Top]

Le Monde.fr

Affaire, famille et politique: les liaisons dangereuses

The issue of jobs of members of the family of the elect is more complex. How do I know if a person got a job, or a higher wage, because of his family ties with an elected official? This is the problem that have tried to solve Stefano Gagliarducci and Marco Manacorda ("Politics in the family: anti-nepotism and the hiring decisions of Italian firms", no. 9841, January 2017, link to PDF IZA working paper). They combined an extensive database covering 500,000 men and women politicians on nearly thirty years, and a random sample of one million employees in the private sector.


Related Links:
Le Monde.fr - Affaire, famille et politique: les liaisons dangereuses

Politics in the Family: Nepotism and the Hiring Decisions of Italian Firms

CEP Labour Markets

Marco Manacorda webpage



News Posted: 16/02/2017      [Back to the Top]

Miami Herald online

World leaders, researchers, economists slated to speak at World Happiness Summit

Miami will be the site of the first global gathering of governmental leaders, economists, academics and researchers for the World Happiness Summit next month, the summit announced.

The H20 is one of four tracks being organized by the inaugural World Happiness Summit. Confirmed participants for the governmental track include former President of Mexico, Vicente Fox; spiritual leader and peace negotiator Sri Sri Ravi Shankar; World Happiness Report co-author Sir Richard Layard, founder of the Wellbeing Center at the London School of Economics; Bhutan’s Gross National Happiness Center Director Dr. Saamdu Chetri; Harvard happiness researcher and author Tal Ben-Shahar; Smart Dubai’s Director General Dr. Aisha Bin Bishr; and dignitaries from more than 40 countries.


Related Links:
Miami Herald online - World leaders, researchers, economists slated to speak at World Happiness Summit

CEP Wellbeing

Richard Layard webpage



News Posted: 16/02/2017      [Back to the Top]

Bloomberg

Monopolies are worse than we thought

A recent paper by David Autor, David Dorn, Lawrence Katz, Christina Patterson and John Van Reenen speculates that tech might have enabled the rise of a few “superstar” companies in each industry. The fact that leaders in more concentrated industries also tend to have higher productivity supports this hypothesis. Technology might have simply changed the nature of markets so that the winners take most of the profits.

 


Related Links:
Bloomberg - Monopolies are worse than we thought

CEP Growth

John Van reenen webpage



News Posted: 15/02/2017      [Back to the Top]

Manchester Evening News

What do Ofsted know about three-year-olds? Parents at this ‘inadequate' nursery say it's nonsense

A university study says that inspectors are failing to spot the best and worst nursery schools by using 'traditional methods'

Parents have defended a pre-school rated ‘inadequate’ by Ofsted as a report shows the watchdog’s inspections don’t always reveal the best nurseries. The report published this week shows that sending children to an ‘outstanding’ nursery makes barely any difference to how well they develop in their early years. Researchers at the London School of Economics, University of Sussex and University College London, discovered that traditional measures used to evaluate nursery schools by inspectors failed to spot the best or worst schools.


Related Links:
Manchester Evening News - What do Ofsted know about three-year-olds? Parents at this ‘inadequate' nursery say it's nonsense

Quality in Early Years Settings and Children’s School Achievement

CEP Education and Skills

Jo Blanden webpage

Sandra Mcnally webpage



News Posted: 15/02/2017      [Back to the Top]

NaturalNews.com

Dutch families are raising the world's happiest kids, according to new study

Childhood has a tremendous influence on a person’s entire life. A study from the London School of Economics exploring what makes people happy found that a person’s emotional health as a child was the strongest determinant of their mental well-being as they got older, which is why parents need to take a proactive role in their children’s life and ensure their physical and emotional needs are being met.

Related articles

Vox – 12 December 2016

Origins of happiness: Evidence and policy implications

Andrew Clark, Sarah Fleche, Richard Layard, Nattavudh Powdthavee and George Ward


Related Links:
NaturalNews.com - Dutch families are raising the world's happiest kids, according to new study

CEP Wellbeing

Andrew Clark webpage

Sarah Fleche webpage

Richard Layard webpage

Nick Powdthavee webpage

George Ward webpage



News Posted: 15/02/2017      [Back to the Top]

Left Foot Forward

Did the experts really predict a post-Brexit recession?

Waiting for the post referendum recession feels like waiting for Saddam’s WMD. Last May we were told that the Bank of England, the Treasury, the IMF and others forecast an imminent recession if Britain voted to leave the EU. Other studies of the long term impact of EU exit added to the gloom with predictions of a loss to GDP varying from 3 percent (London School of Economics) to 7.5 percent (HM Treasury).


Related Links:
Left Foot Forward - Did the experts really predict a post-Brexit recession?

The UK Treasury analysis of 'The long-term economic impact of EU membership and the alternatives': CEP Commentary

CEP Growth

CEP Trade

Swati Dhingra webpage

Gianmarco Ottaviano webpage

Thomas Sampson webpage

John Van reenen webpage



News Posted: 14/02/2017      [Back to the Top]

Care Appointments

Report: New evidence of the impact of nurseries on children's outcomes

Attending a nursery with highly qualified staff or an outstanding Ofsted rating has a limited benefit for children’s educational achievement, according to new research by lead authors at the University of Surrey. A report published today reveals that a child’s educational achievement at the end of their reception year is only very slightly higher if he or she has been taught in nursery by a qualified teacher or early years professional. Attending a nursery rated as ‘outstanding’ by Ofsted, the regulator of educational quality in England, also has limited benefits. The study, conducted by researchers at the Centre for Economic Performance (CEP) at the London School of Economics, the University of Surrey and University College London, matches data on children’s outcomes at the end of reception with information on nurseries attended in the year before starting school for 1.6 million children born between September 2003 and August 2006.


Related Links:
Care Appointments - Report: New evidence of the impact of nurseries on children's outcomes

Quality in Early Years Settings and Children’s School Achievement

CEP Education and Skills

Jo Blanden webpage

Sandra Mcnally webpage



News Posted: 14/02/2017      [Back to the Top]

The Daily Telegraph

Ofsted ratings do not reveal best nurseries for children, major report shows

Sending children to a nursery school rated “outstanding” by Ofsted makes barely any difference to how well they develop, researchers at the London School of Economics, University of Surrey and University College London discovered.


Related Links:
Quality in Early Years Settings and Children’s School Achievement

CEP Education and Skills

Jo Blanden webpage

Sandra Mcnally webpage



News Posted: 14/02/2017      [Back to the Top]

Huffington Post Deutschland

US-Top-and#336;konom erwartet unter Trump ''wirtschaftliche Blüte ungekannten Ausmaßes''/US top economist expected to trump ''economic boom of unprecedented proportions

Von anderen Star-Ökonomen waren eher pessimistische Stimmen zur Wirtschaftsentwicklung unter Trump zu hören. So sagt Stanford-Ökonom Nicholas Bloom, ...

Related publications

'Measuring Economic Policy Uncertainty', Scott R. Baker, Nicholas Bloom, Steven J. Davis, The Quarterly Journal of Economics, Vol 131, Issue 4, November 2016

http://bit.ly/2m481r4


Related Links:
Huffington Post Deutschland - US-Top-and#336;konom erwartet unter Trump ''wirtschaftliche Blüte ungekannten Ausmaßes''/US top economist expected to trump ''economic boom of unprecedented proportions

Measuring Economic Policy Uncertainty

CEP Growth

Nick Bloom webpage



News Posted: 14/02/2017      [Back to the Top]

Day Nurseries

'Outstanding' nurseries have 'tiny effect' on children's attainment

The report titled 'Nursery Quality: New evidence of the impact on children’s outcomes', found that staff qualifications and Ofsted ratings cannot predict the quality of early years education, arguing that conventional methods of testing quality do not have a significant influence on educational outcomes. Co-author Dr Jo Blanden, senior lecturer in Economics at the University of Surrey, said: "Successive governments have focused on improving staff qualifications, based on the belief that these are important for children’s learning.


Related Links:
Day Nurseries - 'Outstanding' nurseries have 'tiny effect' on children's attainment

Quality in Early Years Settings and Children’s School Achievement

CEP Education and Skills

Jo Blanden webpage

Sandra Mcnally webpage



News Posted: 14/02/2017      [Back to the Top]

Al Jazeera TV

CEP on TV/Radio

Dennis Novy gave a live TV interview to Al Jazeera. The topic was the confirmation of Steven Mnuchin as the new U.S. Treasury Secretary. The interview covered the proposed U.S. tax reforms and how changes to financial regulation might affect the U.S. dollar and international trade. 


Related Links:
Al Jazeera TV - CEP on TV/Radio

CEP Trade

Dennis Novy webpage



News Posted: 14/02/2017      [Back to the Top]

IZA Newsroom

Does modern technology slow down employment growth after recessions?

This phenomenon of labor market polarization (or “hollowing out” of middle-skilled jobs) has attracted widespread attention and contributed to the ongoing debate on the impact of technological change on labor markets. While much of the focus has been on the United States, Georg Graetz (Uppsala University and IZA) and Guy Michaels (London School of Economics and IZA) investigate in their recent IZA Discussion Paper whether labor markets in other countries have also been slow to pick up after recessions, and if modern technology could be to blame.


Related Links:
IZA Newsroom - Does modern technology slow down employment growth after recessions?

Is Modern Technology Responsible for Jobless Recoveries?

CEP Labour Markets

Georg Graetz webpage

Guy Michaels webpage



News Posted: 14/02/2017      [Back to the Top]

Phys.Org

New evidence of the impact of quality nurseries on children's outcomes

A report published today reveals that a child's educational achievement at the end of their reception year is only very slightly higher if he or she has been taught in nursery by a qualified teacher or early years professional. Attending a nursery rated as 'outstanding' by Ofsted, the regulator of educational quality in England, also has limited benefits. The study, conducted by researchers at the Centre for Economic Performance (CEP) at the London School of Economics, the University of Surrey and University College London, matches data on children's outcomes at the end of reception with information on nurseries attended in the year before starting school for 1.6 million children born between September 2003 and August 2006.

 


Related Links:
Phys.Org - New evidence of the impact of quality nurseries on children's outcomes

Quality in Early Years Settings and Children’s School Achievement

CEP Education and Skills

Jo Blanden webpage

Sandra Mcnally webpage



News Posted: 14/02/2017      [Back to the Top]

BBC News - Education

Graduate nursery staff have 'little effect' on children

Having a graduate teacher in a nursery has only a limited impact on children's attainment, new research suggests.

In England the government wants more graduate staff in nurseries in a bid to boost children's literacy and numeracy. But a study published by the London School of Economics (LSE) claims highly qualified staff had only a "tiny" effect on attainment. One early years group said the the report challenged "many of the assumptions" around current policy. The researchers, from the Centre for Economic Performance at LSE, Surrey University and University College London, looked at figures, drawn from the National Pupil Database, on about 1.8 million five-year-olds who started school in England between 2008 and 2011.


Related Links:
BBC News - Education - Graduate nursery staff have 'little effect' on children

Quality in Early Years Settings and Children’s School Achievement

CEP Education and Skills

Jo Blanden webpage

Sandra Mcnally webpage



News Posted: 14/02/2017      [Back to the Top]

The Daily Telegraph (Print edition)

Pulling rank Top nurseries fail to raise prospects

Sending children to a nursery school rated “outstanding” by Ofsted makes barely any difference to how well they develop, researchers at the London School of Economics, University of Surrey and University College London discovered.

[Link unavailable.]


Related Links:
Quality in Early Years Settings and Children’s School Achievement

CEP Education and Skills

Jo Blanden webpage

Sandra Mcnally webpage



News Posted: 14/02/2017      [Back to the Top]

Family and Childcare Trust

The invisible factors that go into quality childcare

There is much debate about how to define and improve quality in childcare settings: in practice, we often rely on simple measures of quality such as staff qualifications or Ofsted ratings. But new research published today suggests that settings which employ a graduate-level staff member or have a high Ofsted inspection rating are not boosting children’s development more than other settings. This is a tricky finding for people who work in the childcare sector. Previous studies have found that childcare settings that have a staff member with graduate qualification tend to provide childcare that is higher in quality overall. These studies then went on to find that children who attend higher quality childcare settings tend to achieve better outcomes in school. Today’s new study from academics at the University of Surrey and UCL does not say that adding graduates to the workforce can’t improve quality, but it does seem to show that just employing a graduate isn’t enough by itself.


Related Links:
Family and Childcare Trust - The invisible factors that go into quality childcare

Quality in Early Years Settings and Children’s School Achievement

CEP Education and Skills

Sandra Mcnally webpage

Jo Blanden webpage



News Posted: 13/02/2017      [Back to the Top]

Menafn (Jordan)

Brexit may cause losses in UK output: MIT study

Calculations using models that incorporate productivity measures show a negative impact on gross domestic product per capita of almost four times that of previous estimates, according to John Van Reenen,a professor of applied economics at the MIT Sloan School of Management who supported the campaign for the UK to remain in the EU.


Related Links:
Menafn (Jordan) - Brexit may cause losses in UK output: MIT study

CEP Growth

John Van reenen webpage



News Posted: 13/02/2017      [Back to the Top]

Eye of Riyadh

General Entertainment Authority attends 2017 World Government Summit

The Saudi General Entertainment Authority, the champion of entertainment in Saudi Arabia, has participated in the Global Dialogue for Happiness, which took place at this year’s World Government Summit in Dubai.  The World Government Summit is a global platform dedicated to shaping the future of government worldwide. It operates as a knowledge exchange forum and a networking hub for policy makers, experts and leaders. This year the summit launched with a full day event dedicated to the advancement of human happiness around the world. International experts, including Professor Jeffrey Sachs of Columbia University, Professor John Helliwell of the University of British Columbia and Lord Richard Layard of the London School of Economics – all of whom co-author the World Happiness Forum – will convene to discuss the main themes impacting happiness and wellbeing, looking at how government can help create healthy, happy and positive societies.


Related Links:
Eye of Riyadh - General Entertainment Authority attends 2017 World Government Summit

CEP Wellbeing

Richard Layard webpage



News Posted: 13/02/2017      [Back to the Top]

BT.com

Nursery staff qualifications have little effect on pupils' achievement – study

Researchers from the Centre for Economic Performance at the London School of Economics, Surrey University and University College London, compared data on children's results with information on nurseries attended in the year before starting school for around 1.8 million youngsters born in England between September 2003 and August 2006. The findings showed that children who attended a nursery that employed a graduate have a teacher assessment score around a third of a point higher, where the total number of points available was 117.


Related Links:
BT.com - Nursery staff qualifications have little effect on pupils' achievement – study

Quality in Early Years Settings and Children’s School Achievement

CEP Education and Skills

Jo Blanden webpage

Sandra Mcnally webpage



News Posted: 13/02/2017      [Back to the Top]

Nursery World

Graduate settings have little impact on children's outcomes

New research finds that attending an outstanding nursery, or one with graduate staff, has a limited benefit to children's educational attainment.

The study of 1.8 million children born between September 2003 and August 2006, reveals that a child’s educational achievement at the end of their reception year is only ‘slightly’ higher if he or she has been taught in nursery by a qualified teacher or Early Years Professional (EYP).

It also found that attending a nursery rated outstanding by Ofsted had limited benefits.


Related Links:
Nursery World - Graduate settings have little impact on children's outcomes

Quality in Early Years Settings and Children’s School Achievement

CEP Education and Skills

Jo Blanden webpage

Sandra Mcnally webpage



News Posted: 13/02/2017      [Back to the Top]

TES

Qualified nursery teachers make little difference to attainment, study finds

Children with graduate nursery teachers achieve only slightly more by the end of Reception than children with unqualified teachers

Children who have access to a qualified teacher at nursery school do only slightly better at age 5 than those who do not, research suggests.

A new study concludes that a child’s educational achievement at the end of their Reception year is only very slightly higher if they have been taught in a nursery with a teacher trained to graduate level.

There was also little difference between those attending a nursery rated "outstanding" by Ofsted and others.

Researchers from the Centre for Economic Performance at the London School of Economics, the University of Surrey and University College London, compared data on children's results with information about the nurseries they attended in the year before starting school for around 1.8 million people born in England between September 2003 and August 2006.


Related Links:
TES - Qualified nursery teachers make little difference to attainment, study finds

Quality in Early Years Settings and Children’s School Achievement

CEP Education and Skills

Jo Blanden webpage

Sandra Mcnally webpage



News Posted: 13/02/2017      [Back to the Top]

Trends (Belgium)

L'impact negatif du Brexit serait quatre fois plus important qu'annonce

The departure of the United Kingdom to the European Union could cause production losses up to 9.5% according to a new study. This study uses models of computations, integrating productivity measures, which show a negative impact on the domestic product gross per capita four times greater than previous estimates, according to Johan Van Reenen, Professor of applied economics at the MIT Sloan School of Management, who sout...


Related Links:
Trends (Belgium) - L'impact negatif du Brexit serait quatre fois plus important qu'annonce

CEP Wellbeing

John Van reenen webpage



News Posted: 12/02/2017      [Back to the Top]

Boas Noticias

Personal relationships are the key to health and happiness

The results of the study "the origins of happiness" were presented in December, in London, at the Conference entitled "well-being throughout life" which was attended by experts from around the world. To determine the conditions that lead to a happy life, the team led by Richard Layard examined 200,000 people in four countries: Australia, USA, Great Britain and Germany.


Related Links:
Boas Noticias - Personal relationships are the key to health and happiness

CEP Wellbeing

Andrew Clark webpage

Sarah Fleche webpage

Richard Layard webpage

Nick Powdthavee webpage

George Ward webpage



News Posted: 12/02/2017      [Back to the Top]

The Sunday Times

Prefabs sprout, making bricks and mortar a thing of the past

Even if Britons do take to factory-made homes, there are reasons to doubt that the new prefabs are the answer to the housing shortage.  Paul Cheshire at the London School of Economics said the real problem is planning policies that constrain the supply of land for building. For example, farmland on the fringes of London is worth about £20,000 a hectare. With planning permission, that would leap to more than £15m, he said. “Since the problem is caused by a shortage of land in places where people want to live, construction costs or methods will make little difference.”


Related Links:
The Sunday Times - Prefabs sprout, making bricks and mortar a thing of the past

CEP Urban and Spatial Programme

Paul Cheshire webpage



News Posted: 12/02/2017      [Back to the Top]

Lajmi

Paralajmerimet per pasojat e Brexit-it: Çmimi i larte i daljes se Britanise nga BE-ja

Analistet ekonomike paralajmerojne se dalja nga BE-ja do te ndikoje me humbje te eksportit te Britanise ne vleren prej 9.5 per qind. Llogaritjet e bera me modelet qe perfshijne masat e produktivitetit, tregojne nje ndikim negativ ne prodhimin e brendshem bruto, per koke banori – madje kater here me shume se vleresimet e meparshme, shpjegon John Van Reenen, profesor i Ekonomise Sloan School of Management, i cili kerkon mbetjen e Britanise ne BE.


Related Links:
Lajmi - Paralajmerimet per pasojat e Brexit-it: Çmimi i larte i daljes se Britanise nga BE-ja

CEP Growth

John Van reenen webpage



News Posted: 10/02/2017      [Back to the Top]

RTKLive (Kosovo)

Paralajmerimet per pasojat e Brexit-it

Analistet ekonomike paralajmerojne se dalja nga BE-ja do te ndikoje me humbje te eksportit te Britanise ne vleren prej 9.5 per qind. Llogaritjet e bera me modelet qe perfshijne masat e produktivitetit, tregojne nje ndikim negativ ne prodhimin e brendshem bruto, per koke banori – madje kater here me shume se vleresimet e meparshme, shpjegon John Van Reenen, profesor i Ekonomise Sloan School of Management, i cili kerkon mbetjen e Britanise ne BE.


Related Links:
RTKLive (Kosovo) - Paralajmerimet per pasojat e Brexit-it

CEP Growth



News Posted: 10/02/2017      [Back to the Top]

Fresh Business Thinking

Brexit: from Tim Cook's optimism, to EU pessimism

And while you are feeling glum, here are some thoughts from John Van Reenen, from the MIT Sloan School of Management, an institution that supported Remain. He said that the result of Brexit will be four times worse than expected, saying: “Increased costs of doing business with the rest of Europe – which accounts for about half of all UK trade – will mean lower levels of commerce and foreign investment, and thus lower average incomes in Britain.”


Related Links:
Fresh Business Thinking - Brexit: from Tim Cook's optimism, to EU pessimism

CEP Growth

John Van reenen webpage



News Posted: 10/02/2017      [Back to the Top]

Boeren Business (Netherlands)

Brexit wordt een grotere ramp dan verwacht/Brexit is a bigger disaster than expected

The other important point is that there is an appearance of bias depends on to research from the US. The professor who has led the investigation is John van Reenen, someone who campaigned against brexit. His preference ensures that we note that the method of examination and so results not quite neutral.

Related Links:
Boeren Business (Netherlands) - Brexit wordt een grotere ramp dan verwacht/Brexit is a bigger disaster than expected

CEP Growth

John Van reenen webpage



News Posted: 10/02/2017      [Back to the Top]

Planning Resource

How to capture land value rises

We lack effective methods of capturing land value increases created by planning permission and public investment, says Paul Cheshire. But there are potential solutions. [Note: content can be viewed only by subscribers.]


Related Links:
Planning Resource - How to capture land value rises

CEP Urban and Spatial Programme

Paul Cheshire webpage



News Posted: 10/02/2017      [Back to the Top]

Newstalk.com 106-108fm

Apple's Tim Cook ''very optimistic'' about Brexit

Beaming in every photo he's posted of his European trip this week – as he enjoys French cuisine and swings by the Berlin Philharmonic – Apple CEO Tim Cook's upbeat mood extended as far as declaring that his company is "very optimistic" about Brexit. The positive notes sounded by the iPhone maker's top dog aren't in harmony, however, with a new study from the Massachusetts Institute of Technology (MIT). MIT's Sloan School of Management has calculated that the negative impact on Britain's gross domestic product per capita will be almost four times that of previous estimates, causing output losses of nearly 10%.  “The cost is going to be way bigger than the amount we currently send to Europe,” John Van Reenen, the British economist who worked on the study, told Bloomberg Television. "By splitting more away from the rest of Europe, we’ll lose foreign investment, we’ll lose some trade and the consequences will actually be negative for our productivity."


Related Links:
Newstalk.com 106-108fm - Apple's Tim Cook ''very optimistic'' about Brexit

CEP Growth

John Van reenen webpage



News Posted: 10/02/2017      [Back to the Top]

The Conversation

Happiness mapped: why work is the place we feel the worst

Article by CEP Alumni Alex Bryson and George MacKerron. Alex Bryson co-authored this paper while he was at the ESRC-funded Centre for Economic Performance at LSE.

To find out how people feel when they are at work – in the moment – one of us (George) designed an app called Mappiness, which allows people to record their well-being on-the-go via a smartphone. This enabled us to capture and analyse people’s feelings at the time they are doing an activity, rather than on reflection afterwards.


Related Links:
The Conversation - Happiness mapped: why work is the place we feel the worst

Are you happy while you work?

Are You Happy While You Work?

CEP Labour Markets



News Posted: 10/02/2017      [Back to the Top]

Taxation International

UK needs new health tax

LONDON – The UK health system needs its own dedicated tax to ensure that it has an independent and reliable source of funding in the future. In a new article published on February 8th in the medical journal, the British Medical Journal, the researcher Richard Layard suggested that a new tax on personal incomes be enacted in the UK, with the revenues being ringfenced exclusively for use in the national medical system.


Related Links:
Taxation International - UK needs new health tax

CEP Wellbeing

Richard Layard webpage



News Posted: 10/02/2017      [Back to the Top]

Blasting News

Brexit could swiftly become a steep exit

The economic cost of Britain's exit from Europe could be quadruple original estimates according to MIT Economist, Professor John Van Reenen.

Given all of the political flailing of arms and rhetorical sniping that has been going on, this has prevented many from seeing the bigger economic picture in terms of Brexit. The anticipated costs of Brexit seem to be increasing as more is known about Britain's plans and intentions on that score - four times the original estimate.

#professor john van Reenen made these assertions from research he had been taking out over the last few years in a separate report.


Related Links:
Blasting News - Brexit could swiftly become a steep exit

BREXIT 2016: Policy Analysis from the Centre for Economic Performance

CEP Growth

John Van reenen webpage



News Posted: 10/02/2017      [Back to the Top]

Net.hr (Croatia)

A WARNING FROM EXPERTS on the NEGATIVE EFFECTS of BREXITA: ' Out of Britain from the Union will have a great price '

The calculations that use the models that include measures of productivity demonstrate a negative impact on the gross domestic product per capita is nearly four times higher than previous estimates, he noted that John Van Reenen, Professor of applied economics at the MIT Sloan School of Management, who has backed a campaign to keep Britain in the EU.

Related Links:
Net.hr (Croatia) - A WARNING FROM EXPERTS on the NEGATIVE EFFECTS of BREXITA: ' Out of Britain from the Union will have a great price '

CEP Growth

John Van reenen webpage



News Posted: 09/02/2017      [Back to the Top]

Welingelichte Kringen (Holland)

Brexit four times worse for British economy than thought

The British departure from the European Union can lead to an export decrease of 9.5 percent. The increased cost of trade with the rest of Europe, which includes half of the total, mean that the amount of trade and foreign investment fall making it average income in England is sharply lower, says economics professor John Van Reenen.

Related Links:
Welingelichte Kringen (Holland) - Brexit four times worse for British economy than thought

CEP Growth

John Van reenen webpage



News Posted: 09/02/2017      [Back to the Top]

The Peninsula Qatar

Brexit may cause losses in UK output

Britain’s departure from the European Union could cause output losses of as much as 9.5 percent per person, according to new research. Calculations using models that incorporate productivity measures show a negative impact on gross domestic product per capita of almost four times that of previous estimates, according to John Van Reenen, a professor of applied economics at the MIT Sloan School of Management who supported the campaign for the UK to remain in the EU.


Related Links:
The Peninsula Qatar - Brexit may cause losses in UK output

CEP Growth

John Van reenen webpage



News Posted: 09/02/2017      [Back to the Top]

The Week (UK)

Brexit hit to economy to be 'four times worse than thought'

Brexit will be "four times worse for the UK economy than previously thought", according to a leading economics professor. In his latest forecast, John Van Reenen, from the MIT Sloan School of Management, which supported the Remain campaign, suggests leaving the European Union and the single market will reduce output by 9.5 per cent, says The Independent. That's far worse than Van Reenen's original estimates, because, he says, he has now factored in the hit to broader productivity resulting from a drop in trade with the EU.


Related Links:
The Week (UK) - Brexit hit to economy to be 'four times worse than thought'

CEP Growth

John Van reenen webpage



News Posted: 09/02/2017      [Back to the Top]

British Bankers' Association Brief

In this story: MIT Sloan; John Van Reenen

News in Brief:  John Van Reenen, a professor of applied economics at the MIT Sloan School of Management, has said Brexit could reduce the UK’s GDP by up to 9.5% (Bloomberg, online).


Related Links:
British Bankers' Association Brief - In this story: MIT Sloan; John Van Reenen

CEP Growth

John Van reenen webpage



News Posted: 09/02/2017      [Back to the Top]

Radio Pakistan

Night Show Naya Jahan – Exclusive

Brexit four times worse for UK economy than previously thought, say MIT economists. New research claims leaving the EU will have bigger impact on UK productivity than had been thought Britain’s departure from the European Union could cause output losses of as much as 9.5 per cent, according to new research. Calculations using models that incorporate productivity measures show a negative impact on gross domestic product per capita of almost four times that of previous estimates, according to John Van Reenen, a professor of applied economics at the MIT Sloan School of Management who supported the campaign for the UK to remain in the EU.


Related Links:
Radio Pakistan - Night Show Naya Jahan – Exclusive

CEP Growth

John Van reenen webpage



News Posted: 09/02/2017      [Back to the Top]

SFGate (San Francisco)

MIT professor says Brexit will make more than 4,000 people poorer

MIT economics professor John Van Reenen found that the income of workers in the U.K. could be decreased up to 9.5 percent following Brexit. Since half the U.K. trade is based in EU, there will be lower levels of commerce and foreign investment, and thus lower average incomes in Britain. Van Reenen said in an interview on Bloomberg. According to per capita data from the World Bank and CNBC, Van Reenen predicts that Brexit would deduct $4,000 from every U.K. citizen.


Related Links:
SFGate (San Francisco) - MIT professor says Brexit will make more than 4,000 people poorer

CEP Growth

John Van reenen webpage



News Posted: 09/02/2017      [Back to the Top]

International Business Times

Commons authorises Theresa May to officially begin Brexit process

A study recently released study by economics professor John Van Reenen (via CNBC) shows that incomes could be cut by up to 9.5 percent once the country officially leaves the European Union."Under all plausible scenarios, Brexit will mean Britain is poorer outside than inside the European Union," he said.


Related Links:
International Business Times - Commons authorises Theresa May to officially begin Brexit process

CEP Growth

John Van reenen webpage



News Posted: 09/02/2017      [Back to the Top]

Corriere della Sera online

Rome and Paris make the reforms but Germany invests more

French economist [Philippe] Aghion: a new stability and Growth Pact. Le Pen more dangerous than Hamon: anti euro and against Nato, will do what he says. Multi-speed Europe? Only in this way you save: Chancellor Merkel is right. There is the real risk that Marine Le Pen could be elected French President, after the scandal that has engulfed François Fillon. For this French spread has risen to the highest for almost 4 years, infecting even Italy, which remains a fragile Country, "says Philippe Aghion, 60 years, Economist of the Collège de France and lecturer at the London School of Economics and Harvard University.


Related Links:
Corriere della Sera online - Rome and Paris make the reforms but Germany invests more

CEP Growth

Philippe Aghion webpage



News Posted: 09/02/2017      [Back to the Top]

Independent

Brexit four times worse for UK economy than previously believed, say MIT economists

New research claims leaving the EU will have bigger impact on UK productivity than had been thought

Britain’s departure from the European Union could cause output losses of as much as 9.5 per cent, according to new research. Calculations using models that incorporate productivity measures show a negative impact on gross domestic product per capita of almost four times that of previous estimates, according to John Van Reenen, a professor of applied economics at the MIT Sloan School of Management who supported the campaign for the UK to remain in the EU.


Related Links:
Independent - Brexit four times worse for UK economy than previously believed, say MIT economists

Brexit: the final assessment

CEP Growth

John Van reenen webpage



News Posted: 09/02/2017      [Back to the Top]

Rochdale Observer

Is it time for a dedicated tax to fund the NHS?

A dedicated tax is the only way that we can be sure the government is reflecting public wishes, argues Richard Layard, emeritus professor at the London School of Economics. He points out that Britain currently spends less on health as a share of gross domestic product (GDP) than other countries at the same income level - and that nearly half of Britons say they are willing to pay for a better service and almost none want it cut. “If, as in Germany, there were a dedicated source of funding for the healthcare sector, it would be much easier for public demand to be translated into action,” he writes.


Related Links:
Rochdale Observer - Is it time for a dedicated tax to fund the NHS?

CEP Wellbeing

Richard Layard webpage



News Posted: 09/02/2017      [Back to the Top]

The Sun

Taxing Times: Brits should pay a dedicated NHS tax to fund the ailing health service, expert says

Britain currently spends less on health as a share of national income than other equivalent countries, according to economist Professor Richard Layard

BRITS should pay a dedicated tax to fund the ailing NHS, a leading expert says.  Professor Richard Layard, an economist at the London School of Economics, claims it is the only way to ensure the government reflects public wishes.


Related Links:
The Sun - Taxing Times: Brits should pay a dedicated NHS tax to fund the ailing health service, expert says

CEP Wellbeing

Richard Layard webpage



News Posted: 09/02/2017      [Back to the Top]

Business Insider (UK)

REPORT: UK economic output could fall almost 10% thanks to Brexit

Here's the key extract from Sloan economist John van Reenen: "Calculations using a standard multicountry, multisector, computable general equilibrium model show welfare losses of 1.3 to 2.6 percent, but dynamic models that incorporate productivity effects suggest that these could rise to 6.3 to 9.5 percent. Brexit’s supposed benefits—such as lower immigration, better regulations, and more trade deals with non-EU countries — would do little or nothing to offset these losses. It seems unlikely that voters were fully aware of the magnitude of these costs at the time of the vote."


Related Links:
Business Insider (UK) - REPORT: UK economic output could fall almost 10% thanks to Brexit

CEP Growth

John Van reenen webpage



News Posted: 08/02/2017      [Back to the Top]

Latest Nigerian News

REPORT: UK economic output could fall almost 10% thanks to Brexit

Leaving the European Union could cause output losses in the British economy of almost 10%, according to a new report from the highly respected MIT Sloan School of Management.The report, cited by Bloomberg, said that any potential upsides to Brexit will be easily offset by the negative impact on the cost of carrying out business transactions with EU countries once Britain is outside the bloc.EU trade accounts for roughly half of all trade that Britain undertakes, and when costs increase, trade will generally decrease, with foreign investment also slowing. That, in turn, will bring average incomes in the UK downwards."Brexit's supposed benefits, such as lower immigration, better regulations, and more trade deals with non-EU countries, would do little or nothing to offset these losses,' John Van Reenen, a professor of applied economics at the MIT Sloan School of Management said in the report, according to Bloomberg."It seems unlikely that voters were fully aware of the magnitude of these costs at the time of the vote."


Related Links:
Latest Nigerian News - REPORT: UK economic output could fall almost 10% thanks to Brexit

CEP Growth

John Van reenen webpage



News Posted: 08/02/2017      [Back to the Top]

Bloomberg (video)

MIT's Van Reenen warns of Brexit's big costs for UK

MIT Professor of Applied Economics John Van Reenen discusses the costs and disruptions of Brexit and the post-Brexit issues facing the U.K. He speaks on "Bloomberg Surveillance." (Source: Bloomberg)


Related Links:
Bloomberg (video) - MIT's Van Reenen warns of Brexit's big costs for UK

CEP Growth

John Van reenen webpage



News Posted: 08/02/2017      [Back to the Top]

Finan Gundem (Turkey)

Brexit, national income per capita in the UK to drop

On June 23 a referendum advocating to keep Britain in the EU of the MIT Sloan School of Management faculty member Professor John Van Reenen, European Union the national income per capita in the UK up to 9.5 percent in a lost cause, he said. Published by Van Reenen and efficiency measures, including models made using the leave from the EU research, national income per capita impact would be 4 times higher than previous estimates. "Brexit, lower immigration, better regulation and non-EU countries with more trade agreements will offer such benefits, but they cannot compensate for the losses to live" evaluation of the Van Reene, "Voters would vote for themselves while so big
Since there will be a cost of fully aware it doesn't seem likely, "he said.

Related Links:
Finan Gundem (Turkey) - Brexit, national income per capita in the UK to drop

CEP Growth

John Van reenen webpage



News Posted: 08/02/2017      [Back to the Top]

Fin24.com

Brexit may cause UK output to fall 9.5%

Calculations using models that incorporate productivity measures show a negative impact on gross domestic product per capita of almost four times that of previous estimates, according to John Van Reenen, a professor of applied economics at the MIT Sloan School of Management who supported the campaign for the UK to remain in the EU.


Related Links:
Fin24.com - Brexit may cause UK output to fall 9.5%

CEP Growth

John Van reenen webpage



News Posted: 08/02/2017      [Back to the Top]

Bloomberg

MIT's Van Reenen: Brexit part of global populist uprising

MIT Professor of Applied Economics John Van Reenen and Columbia University Professor Jeffrey Sachs discuss Brexit's place in the global uprising of populism and how the U.S. and U.K. can approach income inequality. They speak on "Bloomberg Surveillance."


Related Links:
Bloomberg - MIT's Van Reenen: Brexit part of global populist uprising

CEP Growth

John Van reenen webpage



News Posted: 08/02/2017      [Back to the Top]

Guardian

What can be done to tackle the youth mental health treatment gap?

There is already some good evidence of what works in mental health promotion and illness prevention. As minister for mental health I commissioned the London School of Economics to review the evidence [pdf] and rates of return on investment. Related publications Mental health promotion and prevention: The economic case’, Martin Knapp, David McDaid and Michael Parsonage (Editors), Personal Social Services Research Unit, London School of Economics and Political Science, January 2011

 


Related Links:
Guardian - What can be done to tackle the youth mental health treatment gap?

CEP Wellbeing

Martin Knapp webpage



News Posted: 08/02/2017      [Back to the Top]

World Economic Forum

Permisos de paternidad: primer paso hacia la igualación/Permissions of parenthood: first step towards the equalization

This article has been written by Claudia Hupkau, researcher of the Centre of Economic Performance of the London School of Economics, with Antonio Roldan and Jenifer Ruiz-Valenzuela. About the impact of having children on women’s employment. See also: Agenda_Pública.es Permisos de paternidad: primer paso hacia la igualación.

 


Related Links:
World Economic Forum - Permisos de paternidad: primer paso hacia la igualación/Permissions of parenthood: first step towards the equalization

CEP Education and Skills

Claudia Hupkau webpage

Jenifer Ruiz-valenzuela webpage



News Posted: 08/02/2017      [Back to the Top]

The Herald Scotland

Keeping the NHS sustainable means having an honest debate about how we fund it

SHOULD funding for the NHS be ring-fenced? The idea is not a new one, but a leading economist is today making the case to put an end to the "famine and plenty" cycle of health service funding by doing exactly that. In an article in the BMJ, Richard Layard, professor emeritus of economics at the London School of Economics, argues that the National Insurance system should be overhauled and converted into a German-style "designated National Health Insurance, all of which went to health".


Related Links:
The Herald Scotland - Keeping the NHS sustainable means having an honest debate about how we fund it

CEP Wellbeing

Richard Layard webpage



News Posted: 08/02/2017      [Back to the Top]

CNBC

Brexit will leave Britons more than $4,000 poorer, says MIT professor

Britons' incomes could be slashed by as much as 9.5 percent once the U.K. formally leaves the European Union, a new study released today by MIT economics professor John Van Reenen has claimed.

The report points to a 6.3 to 9.5 percent reduction in GDP per capita with the U.K. outside of the EU's single market on the basis that a one percent decline in trade reduces income per capita by between 0.5 and 0.75 percent.


Related Links:
CNBC - Brexit will leave Britons more than $4,000 poorer, says MIT professor

BREXIT 2016: Policy Analysis from the Centre for Economic Performance

CEP Growth

John Van reenen webpage



News Posted: 08/02/2017      [Back to the Top]

Finansgundem.com (Turkey)

Brexit, national income per capita in the UK to drop

Brexit, national income per capita in the UK to drop

On June 23, a referendum MIT faculty member, Professor John Van Reenen advocated keeping Britain in the EU.


Related Links:
Finansgundem.com (Turkey) - Brexit, national income per capita in the UK to drop

BREXIT 2016: Policy Analysis from the Centre for Economic Performance

CEP Growth

John Van reenen webpage



News Posted: 08/02/2017      [Back to the Top]

LSE Business Review blog

Work improves general happiness, but are you happy while you work?

By checking on people at random times of the day via an app, Alex Bryson and George MacKerron uncover the misery of work.

Related links

Alex Bryson, CEP Alumni, Labour Markets Programme.


Related Links:
LSE Business Review blog - Work improves general happiness, but are you happy while you work?

Are you happy while you work?

Are You Happy While You Work?

CEP Labour Markets



News Posted: 08/02/2017      [Back to the Top]

theBMJ

Head to Head: Is it time for a dedicated tax to fund the NHS?

A dedicated tax is the only way that we can be sure the government is reflecting public wishes, says Richard Layard, but John Appleby argues it would not protect funding from economic uncertainty

Yes—Richard Layard

Taxpayers finance the National Health Service. But how much are they willing to pay for it? No one has any idea. The service is financed from general taxation and there is thus no real way in which the public can express its wish for a better (or worse) funded service. If instead there were a specific funding stream dedicated to health, there could be a real public debate about how much people were willing to pay. And this debate would be particularly intense at the time of general elections, ensuring that our healthcare system in some way reflected the wishes of the population.


Related Links:
theBMJ - Head to Head: Is it time for a dedicated tax to fund the NHS?

CEP Wellbeing

Richard Layard webpage



News Posted: 08/02/2017      [Back to the Top]

Hansard Parliament

CEP mentioned during Parliamentary debate on the EU withdrawal Bill

During a debate on the 'Article 50 Bill' last week, Stewart Hosie MP (SNP) mentioned CEP: 8.00 pm Of course, the leaked Treasury document was not published in isolation. The centre for economic performance at the London School of Economic published very similar numbers, saying: “In the long run, reduced trade lowers productivity”. That is already a huge problem for the UK. It also said: “That increases the costs of Brexit to a loss of between 6.3% to 9.5% of GDP”. It puts a range of figures on that, varying between £4,200 and £6,500 per household. When we consider that impact on real people, a substantial measure of strength is added to the argument. The figures for Scotland, independently produced by the Fraser of Allander Institute, are in line with those other assessments. They suggest a hard Brexit could result in the loss of some 80,000 Scottish jobs within a decade and a drop in wages averaging about £2,000. I do not think any politician, of any party, would willingly say, “Let’s embark on a course of action that will lead to the near impoverishment of many people in society”, but that is where we are with the hard Tory Brexit argument. [Interruption.] I can hear the groans, but year after year we heard “Long-term economic plan”, and it failed at every turn. I think it is better if we argue that we are facing a hard Brexit—a cliff-edge Brexit—and we prepare for it. That makes sense.


Related Links:
Hansard Parliament - CEP mentioned during Parliamentary debate on the EU withdrawal Bill

The UK Treasury analysis of 'The long-term economic impact of EU membership and the alternatives': CEP Commentary

CEP Trade

CEP Growth

Swati Dhingra webpage

Gianmarco Ottaviano webpage

Thomas Sampson webpage

John Van reenen webpage



News Posted: 06/02/2017      [Back to the Top]

BBC 2 Scotland

Newsroom Live

Snippet: News Channel, we'll be taking your questions on the state of the NHS and the issue of health tourism. Your questions will be answered by Professor Martin Knapp from the London School of Economics.


Related Links:
BBC 2 Scotland - Newsroom Live

CEP Wellbeing

Martin Knapp webpage



News Posted: 06/02/2017      [Back to the Top]

LBC (Radio)

23:21:52

Snippet: ...Reference to London school of economics Housing Report which calls for more housing on the green belt.


Related Links:
LBC (Radio) - 23:21:52

Turning houses into gold: the failure of British planning

CEP Urban and Spatial Programme

Paul Cheshire webpage



News Posted: 05/02/2017      [Back to the Top]

Posta (Turkey)

The British found the formula of happiness

Report written by Professor Richard Layard on the role of the State in ensuring the happiness of its citizens: instead of increasing riches, governments should focus on increasing well-being.


Related Links:
Posta (Turkey) - The British found the formula of happiness

CEP Wellbeing

Andrew Clark webpage

Sarah Fleche webpage

Richard Layard webpage

Nick Powdthavee webpage

George Ward webpage



News Posted: 05/02/2017      [Back to the Top]

The Hill online

Trump's ‘job killing' regulations? Buzzwords that will sting Trump voters

The plans by the Trump Administration and Congress to gut or rein in the Environmental Protection Agency (EPA) are based on a single idea, often expressed as a self-evident truth: regulations kill jobs. Here are the facts you won’t hear from the Trump administration, but you will hear from economists and researchers who have published on the subject. A 2014 review paper from the London School of Economics concluded that the effect of environmental regulations on the competitiveness of businesses is “negligible compared to other factors such as market conditions and the quality of the local workforce.”


Related Links:
The Hill online - Trump's ‘job killing' regulations? Buzzwords that will sting Trump voters

CEP Growth

Antoine Dechezlepretre webpage



News Posted: 04/02/2017      [Back to the Top]

Financial Post

‘Superstar' companies that dominate market sectors are eating into workers' wealth, study finds

U.S. workers have been getting a shrinking share of the American economic pie, and economists have been puzzled by the decline. A new paper says one factor is the rise of “superstar” companies that dominate their market sectors and don’t need a lot of workers to generate profits. “The aggregate share of labor falls as the weight of superstar firms in the economy grows,” the paper’s authors conclude. They are economists David Autor, Christina Patterson, and John Van Reenen of the Massachusetts Institute of Technology; Lawrence Katz of Harvard University; and David Dorn of the University of Zurich. The research was released in January as a working paper for the National Bureau of Economic Research.


Related Links:
Financial Post - ‘Superstar' companies that dominate market sectors are eating into workers' wealth, study finds

CEP Growth

John Van reenen webpage



News Posted: 03/02/2017      [Back to the Top]

Al Jazeera (TV)

News

Dennis Novy gave a live TV interview to Al Jazeera.  The topic was Donald Trump's announcement on trade policy and in particular his criticism of Germany's trade surplus. The interview also covered whether in the wake of Brexit, the US and the UK could forge a trade alliance against the EU. Relevant tweet .


Related Links:
Al Jazeera (TV) - News

CEP Trade

Dennis Novy webpage



News Posted: 03/02/2017      [Back to the Top]

AS.com

Money does not give you happiness, instead go out twice a week with friends

Some weeks ago, an international Conference was held in London, based on the results of an important study – the ‘origins of happiness’. The research is from the London School of Economics and Political Science and directed by the famed Economist British Richard Layard. The author is all an eminence specializing in the economics of welfare and the study of its influence on the pillars of society. By increasing happiness, we will open an exit door to the worst evils of humankind, including poverty.


Related Links:
AS.com - Money does not give you happiness, instead go out twice a week with friends

CEP Wellbeing

Richard Layard webpage



News Posted: 03/02/2017      [Back to the Top]

Le Figaro

What you receive as a salary, changes your priorities at work

A study by Princeton University researchers showed that a higher income increased the level of happiness, but only up to a salary of about 75,000 dollars (or a little less than 70,000 euros) a year. And after? After, this movement is small. Or more at all. It is for this that an asset can have unique ambition to earn a lot of money. That's what shows also in a study from the LSE (London School of Economics), led by the British Economist Lord Richard Layard. "States must put aside the creation of wealth to concentrate on the creation of well-being," he says, including arguing that the well-being of the citizens the value of tomorrow.


Related Links:
Le Figaro - What you receive as a salary, changes your priorities at work

CEP Wellbeing

Richard Layard webpage



News Posted: 03/02/2017      [Back to the Top]

Views and News from Norway

Immigration tests the welfare state

Professor Alan Manning of the London School of Economics, told newspaper Aftenposten in January that the Migration Advisory Committee he leads showed ...[subscription necessary to read the complete article]


Related Links:
Views and News from Norway - Immigration tests the welfare state

CEP Community

Alan Manning webpage



News Posted: 02/02/2017      [Back to the Top]

Estadão (Portugal)

Destroying the destruction

In March 2015, Georg Graetz and Guy Michaels published, through the Centre for research in European economic policies, a paper in which was analyzed the economic impact of industrial robots in 17 countries over 15 years. While the productivity and growth of the countries concerned increased, the hours worked by humans were reduced.


Related Links:
Estadão (Portugal) - Destroying the destruction

Robots at work: the impact on productivity and jobs

Robots at Work

CEP Labour Markets

Georg Graetz webpage

Guy Michaels webpage



News Posted: 02/02/2017      [Back to the Top]

Newsin English.no (Norway)

Immigration tests the welfare state

Professor Alan Manning of the London School of Economics, told newspaper Aftenposten in January that the Migration Advisory Committee he ...

Related Links:
Newsin English.no (Norway) - Immigration tests the welfare state

CEP Community

CEP Labour Markets

Alan Manning webpage



News Posted: 02/02/2017      [Back to the Top]

CVER Briefing Note 001

Further Education in England: Learners and Institutions

The objective of this briefing note is to provide an overview of Further Education in England relying on administrative data from the Individualised Learners Record (ILR). We will present findings on the evolution of the number of FE learners from 2004 to 2014, also considering learner characteristics such as age, whether they study full or part-time, the sector of study, whether they start an apprenticeship and what type of institutions they attend.


Related Links:
CVER Briefing Note 001 - Further Education in England: Learners and Institutions

CEP Education and Skills

Guglielmo Ventura webpage

Claudia Hupkau webpage



News Posted: 01/02/2017      [Back to the Top]

Energy Desk - Greenpeace

Long read: Will the UK's environment survive our friendship with Trump?

“With [former Exxon CEO] Rex Tillerson as secretary of state and the way the EPA is being treated it doesn’t look like the administration have any concern for the environment. I certainly can’t see them increasing their regulations,” notes Nikhil Datta, a trade expert at the London School of Economics.


Related Links:
Energy Desk - Greenpeace - Long read: Will the UK's environment survive our friendship with Trump?

CEP Labour Markets

CEP Trade

Nikhil Datta webpage



News Posted: 01/02/2017      [Back to the Top]

CNBC

Trump's trade war may have already begun

"The idea of trade wars these days, what politicians have in mind is really a 19th-century or early 20th-century conception of trade," said Gianmarco I.P. Ottaviano, a trade economist at the London School of Economics. "You don't even know who you're going to hurt with these kind of things. You're probably going to destroy American jobs in the end."


Related Links:
CNBC - Trump's trade war may have already begun

CEP Trade

Gianmarco Ottaviano webpage



News Posted: 31/01/2017      [Back to the Top]

Vox

On the spatial distribution of development: the roles of nature and history

Economists point to three factors to explain how population is distributed: geographical characteristics, agglomeration, and history. This column, taken from a new Vox eBook, examines how economic and technological development have changed the ways in which two first-nature characteristics – suitability for growing food and suitability for engaging in trade – impact population distribution. 

This column first appeared as a chapter in the Vox eBook, The Long Economic and Political Shadow of History, Volume 1, available to download here.


Related Links:
Vox - On the spatial distribution of development: the roles of nature and history

CEP Urban and Spatial Programme

Vernon Henderson webpage



News Posted: 31/01/2017      [Back to the Top]

BBC Radio 4

The Today Programme

Dr Hilary Steedman discusses IFS report criticising huge investment into apprenticeships.

0725
Is the way in which the Government will fund new apprenticeships a monumental waste of money? Dr Hilary Steedman is a senior research fellow at LSE specialising in apprenticeships.

 


Related Links:
BBC Radio 4 - The Today Programme

CEP Education and Skills

CEP CVER

Hilary Steedman webpage



News Posted: 31/01/2017      [Back to the Top]

The New York Times

Trump's trade war may have already begun

“The idea of trade wars these days, what politicians have in mind is really a 19th-century or early 20th-century conception of trade,” said Gianmarco I.P. Ottaviano, a trade economist at the London School of Economics. “You don’t even know who you’re going to hurt with these kind of things. You’re probably going to destroy American jobs in the end.”


Related Links:
The New York Times - Trump's trade war may have already begun

CEP Trade

Gianmarco Ottaviano webpage



News Posted: 31/01/2017      [Back to the Top]

Star Tribune Online

World awaits next move amid threat of trade war

Most experts have assumed the responsibilities of governance would temper Trump's trade posture. Given that nearly one-third of all U.S. trade is conducted with China and Mexico, a rupture risks severe economic damage. "The idea of trade wars these days, what politicians have in mind is really a 19th-century or early 20th-century conception of trade," said Gianmarco I.P. Ottaviano, a trade economist at the London School of Economics. "You don't even know who you're going to hurt with these kind of things. You're probably going to destroy American jobs in the end."


Related Links:
Star Tribune Online - World awaits next move amid threat of trade war

CEP Trade

Gianmarco Ottaviano webpage



News Posted: 31/01/2017      [Back to the Top]

Personnel Today

Apprenticeship levy and targets risk being poor value for money

Dr Hilary Steedman, senior research fellow at The London School of Economics, speaking on the BBC’s Today programme, said: “I think the IFS has really overstated their case here. We have a really serious skills problem in this country and we need to raise skills through apprenticeships in order to promote economic growth and improve our productivity levels, which are dire compared to Europe.”


Related Links:
Personnel Today - Apprenticeship levy and targets risk being poor value for money

CEP Education and Skills

CEP CVER

Hilary Steedman webpage



News Posted: 31/01/2017      [Back to the Top]

Delo (Slovenia)

Trump(izem) - return to the future

Nicholas Bloom (Stanford University) explores the political uncertainty in the world, and from 1900 on, he found out that after his election Trump increased uncertainty by at least twice and is comparable to that during the great economic crisis, the end of the twenties of the last century.


Related Links:
Delo (Slovenia) - Trump(izem) - return to the future

Measuring Economic Policy Uncertainty

Economic Recovery and Policy Uncertainty

The Impact of Uncertainty Shocks: Firm Level Estimation and a 9/11 Simulation

CEP Growth

Nick Bloom webpage



News Posted: 31/01/2017      [Back to the Top]

Cash (Germany)

Verunsicherte medien, zuversichtliche unternehmen – wer behalt recht?

A study of three researchers Scott R. Baker, Nicholas Bloom and Steven j. Davis has revealed that the current economic uncertainty is still higher than during times of 9 / 11 or the Lehman collapse. The experts at Swiss life asset managers analyze the situation.

Have, the Brexit and the US insecure you elections? Then, you're not alone. Researchers Scott R. Baker, Nicholas Bloom and Steven j. Davis attempting to measure the economic insecurity and to depict in an index. It is collected for 12 countries, captured how often words with reference to uncertainty and instability in the media. Currently, index is higher than to times of crisis like 9/11, the Lehman collapse, or Europe's debt crisis the "economic policy uncertainty".


Related Links:
Cash (Germany) - Verunsicherte medien, zuversichtliche unternehmen – wer behalt recht?

Measuring Economic Policy Uncertainty

Economic Recovery and Policy Uncertainty

The Impact of Uncertainty Shocks: Firm Level Estimation and a 9/11 Simulation

CEP Growth

Nick Bloom webpage



News Posted: 31/01/2017      [Back to the Top]

LSE Business Review

Workers are happier with less hierarchy

The World Wellbeing Panel agrees that every effort should be made to reduce middle management, write Nick Powdthavee and Paul Frijters.

Workers’ satisfaction with their job is, on average, higher in a flatter organisation than in a hierarchical organisation. That is the consensus finding of a survey of leading researchers on wellbeing from around the world on the impact of different organisational structures on workers’ wellbeing.

The World Wellbeing Panel on wellbeing and organisational structures is available here. The experts, their affiliations and their responses to the survey are here.


Related Links:
LSE Business Review - Workers are happier with less hierarchy

CEP Wellbeing

Paul Frijters webpage

Nick Powdthavee webpage



News Posted: 30/01/2017      [Back to the Top]

Gulf News - Press Reader

Strange case of jobless recoveries in America

In a new paper called Is Modern Technology Responsible for Jobless Recoveries?, economists George Graetz and Guy Michaels looked at 17 different developed countries, from 1970 through 2011. The title refers to the hypothesis that companies replace routine workers with machines.  Graetz and Michaels basically find that the modern jobless recovery is a phenomenon unique to the US, and that other nations manage to quickly re-employ their middle-skilled workers once bad times end.


Related Links:
Gulf News - Press Reader - Strange case of jobless recoveries in America

Is Modern Technology Responsible for Jobless Recoveries?

CEP Labour Markets

Georg Graetz webpage

Guy Michaels webpage



News Posted: 27/01/2017      [Back to the Top]

Hufvudstadsbladet (Sweden)

Manga elevaer har forandrats till zombier/Many students have changed for zombies

Throughout Europe, most Waldorf (Steiner) schools are mobile free. In Germany, Austria, Switzerland, France and England are also many other schools fully mobile free. A study, published in 2015, by researchers from the Centre for Economic Performance at the London School of Economics, shows that schools banning mobile phones demonstrate better academic performance. Test performance of 16-year-olds increased by 6.4 percent.


Related Links:
Hufvudstadsbladet (Sweden) - Manga elevaer har forandrats till zombier/Many students have changed for zombies

In brief... Phone home: should mobiles be banned in schools?

Ill Communication: Technology, Distraction & Student Performance

CEP Education and Skills

Richard Murphy webpage



News Posted: 27/01/2017      [Back to the Top]

International Business Times

Former top Home Office adviser urges Theresa May to scrap net migration target

EXCLUSIVE: Ex-Migration Advisory Committee member says Whitehall should look at a quota system.

The UK government should drop its controversial "tens of thousands" net migration target and adopt a US-style quota system, a former adviser to the Home Office said on Friday (27 January). Professor Jonathan Wadsworth, who sat on the Migration Advisory Committee (MAC) for nine years, said the move would be a "sensible" reform.


Related Links:
International Business Times - Former top Home Office adviser urges Theresa May to scrap net migration target

Why immigration is no reason to leave the EU

Brexit and the Impact of Immigration on the UK

CEP Labour Markets

Jonathan Wadsworth webpage



News Posted: 27/01/2017      [Back to the Top]

The Sun

Science Sir Shortage: Britain must let in hundreds of IT and science teachers from outside EU, say Government experts

BRITAIN needs to open its borders to ship in hundreds of IT and science teachers because of shortages and lack of quality amongst UK graduates.  And the Government’s Migration Advisory Council says we also need more Chinese-speaking teachers if Britain is to compete on the global stage.  MAC chairman Professor Alan Manning said there were wider concerns about the “quantity and quality” of British computer science graduates as he recommend relaxing rules on non-EU migration to plug the gaps.


Related Links:
The Sun - Science Sir Shortage: Britain must let in hundreds of IT and science teachers from outside EU, say Government experts

CEP Community

Alan Manning webpage



News Posted: 27/01/2017      [Back to the Top]

NZZ.at (Germany)

Ignorant and irresponsible

Not surprisingly, when an index for global political uncertainty, compiled records so unsafe level, inter alia by the Stanford economist Nicholas Bloom, on a high, (Stanford). And Austria's foreign trade must prepare for uncertain times (the press).


Related Links:
NZZ.at (Germany) - Ignorant and irresponsible

Measuring Economic Policy Uncertainty

Economic Recovery and Policy Uncertainty

CEP Growth

Nick Bloom webpage



News Posted: 27/01/2017      [Back to the Top]

Bloomberg Quint

Blame monopolies for short-changing U.S. workers

There are several worrying trends in the global economy, such as rising inequality within countries and slowing productivity growth. But perhaps the most troubling of them is the fall in labor’s share of national income. … Two new papers suggest that the rise might be due to an increase in market concentration. If industries are slowly inching toward monopoly, a few superstar companies in each sector could be squeezing profits out of the rest of the economy. The first of these new papers is by a large, star-studded team from the U.S. and Europe -- David Autor, David Dorn, Lawrence Katz, Christina Patterson and John Van Reenen. Titled “Concentrating on the Fall of the Labor Share,” it is short, clear and relies on relatively simple theories and general observations.

 

Related publications

Autor D, Dorn D, Katz LF, Patterson C, Reenen JV. Concentrating on the Fall of the Labor Share. American Economic Review Papers and Proceedings. Forthcoming;107 (5).

 


Related Links:
Bloomberg Quint - Blame monopolies for short-changing U.S. workers

CEP Growth

John Van reenen webpage



News Posted: 27/01/2017      [Back to the Top]

Daily News Egypt

Theresa May ‘needs free trade deal' with Donald Trump to prove that Brexit works

DW spoke to economist Thomas Sampson from the London School of Economics ahead of British Prime Minister Theresa May’s visit to the White House. She is the first world leader to meet the new US President Donald Trump.On Friday, British Prime minister Theresa May will be the first foreign politician to meet US-President Donald Trump. The visit is highly symbolic: inviting May, who vowed to lead her country out of the EU, as the first European leader to the White House is a calculated snub towards the EU. And for May, any promise of a bi-lateral trade agreement with the US could be a welcome lever in upcoming Brexit talks with the EU. DW spoke to economist Thomas Sampson from the Centre for Economic Performance at the London School of Economics, an expert in international trade relations.


Related Links:
Daily News Egypt - Theresa May ‘needs free trade deal' with Donald Trump to prove that Brexit works

CEP Trade

Thomas Sampson webpage



News Posted: 26/01/2017      [Back to the Top]

LSE Business Review blog

Does a firm hiring an experienced manager improve its performance?

Exporters to Angola that hired managers with specific types of experience were more likely to succeed, write Giordano Mion, Luca David Opromolla and Alessandro Sforza.

The enormous variation in firm performance has become a focus of empirical and theoretical interest throughout the social sciences, including economics. ... We believe the next question to be addressed in this literature is what happens when managers move from one firm to another. Does a firm hiring a good manager improve its performance? How much? If yes, is it due to the manager intrinsic capabilities or is it due to the knowledge and abilities the manager has learned in previous firms? What happens to the firm when the “good” manager leaves?


Related Links:
LSE Business Review blog - Does a firm hiring an experienced manager improve its performance?

The Diffusion of Knowledge via Managers' Mobility

CEP Trade

Giordano Mion webpage

Alessandro Sforza webpage



News Posted: 26/01/2017      [Back to the Top]

YLE (Finland)

Taloudellinen epävarmuus kalvaa brexit-Britanniaa

Britain's economy made a decision after the brexit-lock braking. One-third of the companies that froze investment plans as a result of a decision. The collapse of the value of the pound sterling told the concern in the market. Light in the darkness is brought to the car manufacturer Nissan's fall made an extensive investment decision. The British Government has committed itself to the EU get rid of presented 7 000 jobs in the creative vitality after spending as evidence of Brexit in. However, the decision by the secretive Government boosted Nissanille. Researcher Swati Dhingra to keep secret the agreement concern.


Related Links:
YLE (Finland) - Taloudellinen epävarmuus kalvaa brexit-Britanniaa

CEP Trade

Swati Dhingra webpage



News Posted: 26/01/2017      [Back to the Top]

Bloomberg Businessweek

Trump's uncertainty principle

The cloud of uncertainty Trump has kicked up may be a big deal for the economy, or not. … For one thing, uncertainty isn’t necessarily bad. It simply means the distribution of possible outcomes—both upward and downward—has widened. Investors in the stock market seem to be betting on the upside of the distribution, judging from the 6.5 percent rise in the S&P 500 since the election. It’s also possible that what looks like economic uncertainty is really just scary reports in the news media. Stanford economist Nicholas Bloom, an originator of the Economic Policy Uncertainty Index, joked (I think) in an e-mail, “It may simply be the news has no connection to reality—as you know from Trump, you guys are the biggest liars.”


Related Links:
Bloomberg Businessweek - Trump's uncertainty principle

Measuring Economic Policy Uncertainty

Economic Recovery and Policy Uncertainty

CEP Growth

Nick Bloom webpage



News Posted: 26/01/2017      [Back to the Top]

Challenges.fr (France)

2016: ''in success formidable pour l'industrie automobile britannique''

Thomas Sampson, Professor at the London School of Economics, warns that in addition to tariffs, British producers may suffer the impact of foreign barriers. "They would have to reorganize all of their supply chain, which could disrupt significantly the automotive industry" in the country, he warns.


Related Links:
Challenges.fr (France) - 2016: ''in success formidable pour l'industrie automobile britannique''

CEP Trade

Thomas Sampson webpage



News Posted: 26/01/2017      [Back to the Top]

ABS/CBN News

Could Brexit put the brakes on Britain's car industry?

Thomas Sampson, a professor at the London School of Economics, said British carmakers could suffer further disruption beyond tariffs. "Inside the customs union cross-border supply networks can flourish, but if trade in car parts faces tariffs, rules-of-origin restrictions and other border barriers, then producers will need to reorganize their supply chain, potentially causing substantial disruption to trade in the car industry," he told AFP.


Related Links:
ABS/CBN News - Could Brexit put the brakes on Britain's car industry?

CEP Trade

Thomas Sampson webpage



News Posted: 26/01/2017      [Back to the Top]

Le Point.fr

En renouveau, l'industrie automobile britannique a la croisee des Chemins du Brexit

Thomas Sampson, Professor at the London School of Economics, warns that in addition to tariffs, British producers may suffer the impact of foreign barriers. "They would have to reorganize all of their supply chain, which could disrupt significantly the automotive industry" in the country, he warns.


Related Links:
Le Point.fr - En renouveau, l'industrie automobile britannique a la croisee des Chemins du Brexit

CEP Trade

Thomas Sampson webpage



News Posted: 26/01/2017      [Back to the Top]

France 24

Could Brexit put the brakes on Britain's car industry?

Last week Prime Minister Theresa May confirmed Brexit would see Britain leave the European single market, creating a stumbling block for the car industry which relies on trading vehicles and loose parts without paying duties. Thomas Sampson, a professor at the London School of Economics, said British carmakers could suffer further disruption beyond tariffs.


Related Links:
France 24 - Could Brexit put the brakes on Britain's car industry?

CEP Trade

Thomas Sampson webpage



News Posted: 26/01/2017      [Back to the Top]

New Statesman

How the government's industrial strategy could steal your job

Britain’s manufacturing heritage is told through faded photos of workers on assembly lines, or operating basic tools. But that was the 1970s, and in the 21st century, a factory has a lot more robots. Using robots raises productivity by 0.37 per cent, according to a recent LSE/Uppsala study, and we are still in the early stages of development. Surely any 21st century, productive, British entrepreneur worth his or her salt would embrace automation?


Related Links:
New Statesman - How the government's industrial strategy could steal your job

Robots at work: the impact on productivity and jobs

Robots at Work

CEP Labour Markets

Georg Graetz webpage

Guy Michaels webpage



News Posted: 26/01/2017      [Back to the Top]

Business World

Could 'Brexit' put the brakes on Britain's car industry?

Thomas Sampson, a professor at the London School of Economics, said British car makers could suffer further disruption beyond tariffs. “Inside the customs union cross-border supply networks can flourish, but if trade in car parts faces tariffs, rules-of-origin restrictions and other border barriers, then producers will need to reorganize their supply chain, potentially causing substantial disruption to trade in the car industry,” he told AFP.


Related Links:
Business World - Could 'Brexit' put the brakes on Britain's car industry?

CEP Trade

Thomas Sampson webpage



News Posted: 26/01/2017      [Back to the Top]

Deutsche Welle TV (DW-TV) online

Theresa May 'needs free trade deal' with Donald Trump to prove that Brexit works

DW spoke to economist Thomas Sampson from the London School of Economics ahead of British Prime Minister Theresa May's visit to the White House. She is the first world leader to meet the new US President Donald Trump.

DW spoke to economist Thomas Sampson from the Centre for Economic Performance at the London School of Economics, an expert in international trade relations.

DW: Thomas Sampson, can Theresa May expect to reach any substantial agreement?

Thomas Sampson: She's hoping for an agreement to start talking. Until the UK actually leaves the EU, it can't make trade deals with other countries anyway. There are limits on what can be agreed. What May wants is to come back and say to the British people: We don't have a deal yet, but Trump is open to talk about a free trade agreement once we've left the EU. That's her goal.


Related Links:
Deutsche Welle TV (DW-TV) online - Theresa May 'needs free trade deal' with Donald Trump to prove that Brexit works

CEP Trade



News Posted: 26/01/2017      [Back to the Top]

Carnetericpeyre.blog (France)

Carnetsecret: Bonne synthèse d'Ariane Chemin sur le revenu universel où l'on constate qu'il ne s'agit pas d'une question économique mais bien de société

A multitude of studies weaken the prophecy of universal income advocates: that of researchers Georg Graetz and Guy Michaels (2015) , who found, by analyzing seventeen countries over fifteen years, the robot had a close win Half point of growth per year without affecting employment.


Related Links:
Carnetericpeyre.blog (France) - Carnetsecret: Bonne synthèse d'Ariane Chemin sur le revenu universel où l'on constate qu'il ne s'agit pas d'une question économique mais bien de société

Robots at work: the impact on productivity and jobs

Robots at Work

CEP Labour Markets

Georg Graetz webpage

Guy Michaels webpage



News Posted: 26/01/2017      [Back to the Top]

Express.co.uk

‘IT'S IMPOSSIBLE' Immigration targets CANNOT be guaranteed, migration boss warns

Professor Alan Manning, who chairs the Migration Advisory Committee, said Theresa May could now hit targets to cut net migration to “tens of thousands” when Britain finally leaves the European Union (EU).  However, he admitted the net target is difficult to meet because the Government cannot control the numbers of people leaving Britain each year.  He said: “I don’t think it’s impossible - but I do think it’s impossible to guarantee under our current system. 


Related Links:
Express.co.uk - ‘IT'S IMPOSSIBLE' Immigration targets CANNOT be guaranteed, migration boss warns

CEP Community

Alan Manning webpage



News Posted: 25/01/2017      [Back to the Top]

New Statesman

If you want to fix Britain's economy, there's one word you need to remember

And it isn't "infrastructure"

Improving our management skills is part of this. John van Reenen at the London School of Economics has written about how the quality of management in different countries can explain as much as a third of their differences in productivity.


Related Links:
New Statesman - If you want to fix Britain's economy, there's one word you need to remember

CEP Growth

John Van reenen webpage



News Posted: 25/01/2017      [Back to the Top]

Wall Street Journal Americas (Spanish)

Hechos alternativos para Trump y el Mercado de acciones

"It genuinely feels that the political uncertainty is very high," said Nicholas Bloom, Professor of Stanford and co-developer of the index of uncertainty.


Related Links:
Wall Street Journal Americas (Spanish) - Hechos alternativos para Trump y el Mercado de acciones

Measuring Economic Policy Uncertainty

Economic Recovery and Policy Uncertainty

CEP Growth

Nick Bloom webpage



News Posted: 24/01/2017      [Back to the Top]

BBC Radio Scotland

Good morning Scotland

Dennis Novy gave a live radio interview [8.35-8.40am] on Donald Trump and his withdrawal from the Transpacific Partnership (TPP, the trade deal previously negotiated by Barack Obama with Asian/Australian partner countries). How does the withdrawal from TPP affect global trade policy and the chances of a British trade with the U.S.?

[Listen about 2:37:00 in.]


Related Links:
BBC Radio Scotland - Good morning Scotland

CEP Trade

Dennis Novy webpage



News Posted: 24/01/2017      [Back to the Top]

The Daily Star

Britain 'faces imminent GENERAL ELECTION' after Brexit blocked in bombshell ruling

Speaking to Daily Star Online, John Van Reenen, Professor of Economics at LSE, said Mrs May might be tempted to strengthen her hand in parliament. He said an election could boost her authority in both Houses, giving her a strong mandate to push through a “hard Brexit” agenda. But he added that she may “just stick to the current course” because she is “cautious by nature”.


Related Links:
The Daily Star - Britain 'faces imminent GENERAL ELECTION' after Brexit blocked in bombshell ruling

CEP Growth

John Van reenen webpage



News Posted: 24/01/2017      [Back to the Top]

El Periodico

Autora de in informe sobre el impacto de las grandes superficies

Maria Sanchez Vidal: "the coexistence between Commerce of proximity and large surfaces trade is possible"

Is author of a study on the effect of the introduction of superstores in respect of a city trade.

Related publications  'Small shops for sale! The effects of big-box openings on grocery stores', Maria Sanchez, SERC & IEB mimeo

 


Related Links:
El Periodico - Autora de in informe sobre el impacto de las grandes superficies

CEP Urban and Spatial Programme

Maria Sanchez webpage



News Posted: 24/01/2017      [Back to the Top]

Fortune

Trump's attack on free trade is great politics and bad economics

It has long been known that America’s Senate is less protectionist (i.e., more likely to favor trade deals) than the House. The usual explanation was that senators, representing larger territories, took a broader view. But Paola Conconi, Giovanni Facchini and Maurizio Zanardi discovered that only certain U.S. senators were less protectionist. Which senators? Precisely those basking in the relative comfort of the first four years of their terms. Related publications: 'Policymakers' horizon and trade reforms: the protectionist effect of elections', Paola Conconi, Giovanni Facchini and Maurizio Zanardi, Journal of International Economics, Vol 94, 2014.

 

 


Related Links:
Fortune - Trump's attack on free trade is great politics and bad economics

CEP Trade

Paola Conconi webpage



News Posted: 23/01/2017      [Back to the Top]

BBC Radio 4

13:24

Snippet: ...Mention of  LSE research on productivity in UK compared to productivity in France and Germany
... that LSE researchers suggest that by Thursday lunchtime the other countries have produced as much as it takes us to produce by Friday afternoon ...

 

Related article

BBC News - 21 May 2015

Why the productivity gap?

Professor John Van Reenen, head of the Centre for Economic Performance at the LSE, makes the point rather graphically: "By Thursday lunchtime the other countries have produced as much as it takes us to produce by Friday afternoon when we knock off work. "So basically we could take every Friday off if we could be as productive as those other countries and earn the same amount of money."

 

 


Related Links:
BBC Radio 4 - 13:24

CEP Growth

John Van reenen webpage



News Posted: 23/01/2017      [Back to the Top]

Fortune

Why attacking free trade is great politics and bad economics

It has long been known that America’s Senate is less protectionist (i.e., more likely to favor trade deals) than the House. The usual explanation was that senators, representing larger territories, took a broader view.

But Paola Conconi, Giovanni Facchini and Maurizio Zanardi discovered that only certain U.S. senators were less protectionist. Which senators? Precisely those basking in the relative comfort of the first four years of their terms. 

Related publications

'Policymakers' horizon and trade reforms: the protectionist effect of elections', Paola Conconi, Giovanni Facchini and Maurizio Zanardi, Journal of International Economics, Vol 94, 2014.

 

 


Related Links:
Fortune - Why attacking free trade is great politics and bad economics

CEP Trade

Paola Conconi webpage



News Posted: 23/01/2017      [Back to the Top]

Bloomberg view

Why the U.S. has a monopoly on jobless recoveries

In a new paper called “Is Modern Technology Responsible for Jobless Recoveries?,” economists George Graetz and Guy Michaels looked at 17 different developed countries, from 1970 through 2011. The title refers to the hypothesis that companies replace routine workers with machines. Graetz and Michaels basically find that the modern jobless recovery is a phenomenon unique to the U.S., and that other nations manage to quickly re-employ their middle-skilled workers once bad times end.


Related Links:
Bloomberg view - Why the U.S. has a monopoly on jobless recoveries

Is Modern Technology Responsible for Jobless Recoveries?

CEP Labour Markets

Georg Graetz webpage

Guy Michaels webpage



News Posted: 23/01/2017      [Back to the Top]

Critical Mental Health Nurses' Network blog

The Layard Report

In December 2016 an electronic version of a new report became available, prior to its imminent publication in book form, by the London School of Economics. Dubbed ‘The Layard Report’ after key author Richard Layard, the actual title is The Origins of Happiness: How new science can transform our priorities. A title like that is about the boldest that could be imagined; one expects a treatise that brings together the biggest questions of philosophy from the past and present and the disciplines of psychology and psychiatry, and all kinds of intriguing demographic research. This is, after all, a 200 page document, packed full with diagrams, graphs and illustrations. In essence, the report makes one central claim: That the government is wrong to focus on lifting people out of poverty. Instead, happiness would be more efficiently created by a focus on the treatment of depression and anxiety.

 

Related Articles

Vox – 12 December 2016

Origins of happiness: Evidence and policy implications, Andrew Clark, Sarah Fleche, Richard Layard, Nattavudh Powdthavee and George Ward

 

 


Related Links:
Critical Mental Health Nurses' Network blog - The Layard Report

CEP Wellbeing

Richard Layard webpage



News Posted: 23/01/2017      [Back to the Top]

20 Minutos blog

Perder el empleo baja la nota media de los hijos

La inestabilidad de los contratos y el desempleo de los padres tienen efectos negativos en el rendimiento educativo de sus hijos. Es una de las principales conclusiones de un estudio elaborado por la investigadra catalana Jenifer Ruiz-Valenzuela, del Centre for Economic Performance, de la London School of Economics.

Read pdf of the article here


Related Links:
20 Minutos blog - Perder el empleo baja la nota media de los hijos

In brief...Parental job loss: the impact on children's school performance

Job Loss at Home: Children's School Performance During the Great Recession in Spain

CEP Education and Skills

Jenifer Ruiz-valenzuela webpage



News Posted: 23/01/2017      [Back to the Top]

Bloomberg News

Why the U.S. has a monopoly on jobless recoveries

Most rich countries hire back workers after a recession. The U.S. replaces them with machines

Economists have recently discovered that it’s middle-skill routine jobs -- think of cashiers, telemarketers, or cooks -- that tend to get eliminated in jobless recoveries. In a landmark paper titled “The Trend is the Cycle: Job Polarization and Jobless Recoveries,” Nir Jaimovich and Henry Siu found that it’s these workers who aren’t being hired back in the U.S. after recessions hit. In fact, the much-feared phenomenon of job polarization -- the separation of the labor market into low-paid grunt work and high-paid knowledge work -- happens entirely during these U-shaped recoveries. But does this happen in other countries? If not, there might be policy steps the U.S. could take to prevent this from happening. In a new paper called “Is Modern Technology Responsible for Jobless Recoveries?,” economists George Graetz and Guy Michaels looked at 17 different developed countries, from 1970 through 2011. The title refers to the hypothesis that companies replace routine workers with machines. Graetz and Michaels basically find that the modern jobless recovery is a phenomenon unique to the U.S., and that other nations manage to quickly re-employ their middle-skilled workers once bad times end.


Related Links:
Bloomberg News - Why the U.S. has a monopoly on jobless recoveries

Is Modern Technology Responsible for Jobless Recoveries?

CEP Labour Markets

Georg Graetz webpage

Guy Michaels webpage



News Posted: 23/01/2017      [Back to the Top]

Blog illusio.com

Le progres technique explique-t-il les reprises sans emplois

Georg Graetz and Guy Michaels (2017) tested this hypothesis using data for consecutive recessions 71 times in 17 countries between 1970 and 2011. They find that although GDP has actually recovered lower after recent recessions in other developed countries, this was not the case of employment. In other words, the times were not low job creators. Graetz and Michaels noted furthermore that sectors that have used the most routine tasks and those who are most exposed to the robotisation have not known in recent decades a weaker recovery in employment as a result of recessions. In the end, medium-skilled jobs were not marked by a slower recovery after recent recessions, even in intensive businesses into routine tasks. All of these findings led the authors to conclude that technology has not resulted in times without jobs in developed countries other than the United States.


Related Links:
Blog illusio.com - Le progres technique explique-t-il les reprises sans emplois

Is Modern Technology Responsible for Jobless Recoveries?

CEP Labour Markets

Georg Graetz webpage

Guy Michaels webpage



News Posted: 22/01/2017      [Back to the Top]

El Pais

Opinion: Microempresa y productividad: lecciones francesas

El predominio de las firmas de menos de 10 empeados es in obstaculo para la productividad e internacionalizacion

Article by Luis Garicano, Claire LeLarge and John Van Reenen

The prevalence of firms of less than 10 employees is a barrier to the internationalization.

In contrast to the more advanced economies, almost one in every two Spanish workers is employed in a micro-enterprise of less than ten people. In Germany, for example, this proportion is reduced to one of five workers. There is no doubt that this predominance of microenterprise in Spain is an obstacle to productivity and the internationalization of Spanish companies: invest in international trade or Automation is practically impossible for a firm of such small size.


Related Links:
El Pais - Opinion: Microempresa y productividad: lecciones francesas

CEP Growth

Luis Garicano webpage

John Van reenen webpage



News Posted: 22/01/2017      [Back to the Top]

Mail Online

Dr Max the Mind Doctor: Why anorexia has no respect for age

A horrifying study done by the London School of Economics a few years ago showed that while mental illness accounts for nearly half of all ill-health in the under-65s, only a quarter of people in need of treatment get it.


Related Links:
Mail Online - Dr Max the Mind Doctor: Why anorexia has no respect for age

Tackling Depression and Anxiety Disorders

The Depression Report: A New Deal for Depression and Anxiety Disorders

CEP Wellbeing

Richard Layard webpage



News Posted: 21/01/2017      [Back to the Top]

Gainsborough Standard

Should schools ban mobile phones in class?

However another study from the London School of Economics suggests a ban on phones has the effect of an extra week of classes over a pupil’s school year.

 

Also in:

Retford Today

Should schools ban mobile phones in class?

 


Related Links:
Gainsborough Standard - Should schools ban mobile phones in class?

In brief... Phone home: should mobiles be banned in schools?

Ill Communication: Technology, Distraction & Student Performance

CEP Education and Skills

Richard Murphy webpage



News Posted: 21/01/2017      [Back to the Top]

LSE Brexit Vote blog - YouTube Channel

#LSEBrexitvote – Swati Dhingra: Is leaving the Customs Union the right move?

Will the UK be able to strike better trade deals than the European Union once it leaves the EU? Dr Swati Dhingra says Britain will face the same frustrations in negotiating a maze of trade policy issues.


Related Links:
LSE Brexit Vote blog - YouTube Channel - #LSEBrexitvote – Swati Dhingra: Is leaving the Customs Union the right move?

CEP Trade

Swati Dhingra webpage



News Posted: 20/01/2017      [Back to the Top]

T13.cl

Brexit: 5 obstaculos que enfrenta el plan de Reino Unido para salirse de la Union Europea

"Trade agreements are based on have something to give to receive something in return. "Nobody is doing charity here", explains Swati Dhingra, academic at the center of economic performance at the LSE.


Related Links:
T13.cl - Brexit: 5 obstaculos que enfrenta el plan de Reino Unido para salirse de la Union Europea

CEP Trade

Swati Dhingra webpage



News Posted: 20/01/2017      [Back to the Top]

Mail Online

Headmaster transforms his pupils' behaviour with a total ban on mobiles: Teacher says 'freeing' youngsters from the stress of social media has made them happier

A recent study found a ban on phones helps classroom performance. The research, published by the London School of Economics, found that after schools outlawed mobiles, test scores of pupils aged 16 improved by 6.4 per cent.
 


Related Links:
Mail Online - Headmaster transforms his pupils' behaviour with a total ban on mobiles: Teacher says 'freeing' youngsters from the stress of social media has made them happier

In brief... Phone home: should mobiles be banned in schools?

Ill Communication: Technology, Distraction & Student Performance

CEP Education and Skills

Richard Murphy webpage



News Posted: 19/01/2017      [Back to the Top]

BBC Mundo

Brexit: 5 obstaculos que enfrenta el plan de Reino Unido para salirse de la Union Europea

"Trade agreements are based on have something to give to receive something in return. No one is making charity here", explains Swati Dhingra, academic center of economic behaviour of the LSE.

Related Links:
BBC Mundo - Brexit: 5 obstaculos que enfrenta el plan de Reino Unido para salirse de la Union Europea

CEP Trade

Swati Dhingra webpage



News Posted: 19/01/2017      [Back to the Top]

BBC Radio Leeds

Snippet...

A recent study found a ban on phones generally helps classroom performance research by the London school of economics found that after schools outlawed mobiles test scores of pupils aged 16 improved by 6.4 %.


Related Links:
BBC Radio Leeds - Snippet...

In brief... Phone home: should mobiles be banned in schools?

Ill Communication: Technology, Distraction & Student Performance

CEP Education and Skills

Richard Murphy webpage



News Posted: 19/01/2017      [Back to the Top]

BBC Radio Asia

BBC Asian Network

Swati Dhinghra commenting on free trade and Brexit.

[Time: 08:00:24]


Related Links:
BBC Radio Asia - BBC Asian Network

CEP Trade

Swati Dhingra webpage



News Posted: 19/01/2017      [Back to the Top]

BBC Radio 4

The Today Programme

0750 Swati Dhingra interviewed.

After the UK gives up full membership of the EU's customs union exporters' goods could be facing checks and delays at Britain's border.


Related Links:
BBC Radio 4 - The Today Programme

CEP Trade

Swati Dhingra webpage



News Posted: 19/01/2017      [Back to the Top]

BBC 2

Newsnight

Swati Dhingra interviewed.  Speaking about Brexit and free trade.


Related Links:
BBC 2 - Newsnight

CEP Trade

Swati Dhingra webpage



News Posted: 18/01/2017      [Back to the Top]

The Canary

At PMQs, the 'Irony Lady' revealed exactly what she's been hiding from the British public

May’s speech suggests the UK is on course to aim for a bilateral agreement. Currently, countries like Switzerland pay around 40% as much as the UK’s contribution for EU membership for access on those terms, according to the Centre for Economic Performance (CEP). And that does not include free trade in services.


Related Links:
The Canary - At PMQs, the 'Irony Lady' revealed exactly what she's been hiding from the British public

BREXIT 2016: Policy Analysis from the Centre for Economic Performance

Life after Brexit : What are the UK’s options outside the European Union?

CEP Growth

CEP Trade

CEP Labour Markets

Holger Breinlich webpage

Swati Dhingra webpage

Hanwei Huang webpage

Saul Estrin webpage

Gianmarco Ottaviano webpage

Thomas Sampson webpage

John Van reenen webpage

Jonathan Wadsworth webpage



News Posted: 18/01/2017      [Back to the Top]

Guardian

Theresa May's Brexit speech leaves small firms in the dark

Article by Swati Dhingra

No access to EU’s single market and replacement deals potentially decades away heightens uncertainty for UK businesses.

Theresa May’s speech on Tuesday was the government’s first informative announcement on what the UK will look like after Brexit. A customs union with the EU has been ruled out so the UK can negotiate trade deals with countries outside the EU. This hard Brexit would mean that, after we leave, the UK will trade with the EU and the rest of the world under World Trade Organisation rules, until it has negotiated its new trade deals. That is unless we make an interim agreement with the EU before we leave, which would also need to be approved by the WTO. However, we still could not make trade agreements with countries outside the EU before Brexit without the EU’s approval. The EU continues to be our biggest trade and investment partner. Exiting the single market without any other trade deal with the EU in place would mean a 5% cost disadvantage for UK manufacturers, who would face import taxes in the EU.


Related Links:
Guardian - Theresa May's Brexit speech leaves small firms in the dark

CEP Trade

Swati Dhingra webpage



News Posted: 18/01/2017      [Back to the Top]

Sputnik News

Brexit: the 'economic cost' of Sterling's surge in value after UK PM's speech

"Currency markets are always volatile and can be affected by political and economic views," Dr. Thomas Sampson, associate professor at the Center for Economic Performance at the London School of Economics told Sputnik.


Related Links:
Sputnik News - Brexit: the 'economic cost' of Sterling's surge in value after UK PM's speech

CEP Trade

Thomas Sampson webpage



News Posted: 18/01/2017      [Back to the Top]

Mic.com

EU leaders say Theresa May's Brexit proposal isn't going to work out for the UK – or the world

In the lead up to the Brexit referendum, Brexiteers argued immigration was out of control and hurting the British economy. But many experts disagree with this claim — and say stricter immigration laws could actually hurt the economy. "There is no evidence that EU immigration does much harm to the jobs or pay of British people," John van Reenen, then-director of the Center for Economic Performance at the London School of Economics, told the Financial Times in May. "By contrast, Brexit will inflict major damage on the real wages of ordinary workers by damaging trade, investment and productivity."


Related Links:
Mic.com - EU leaders say Theresa May's Brexit proposal isn't going to work out for the UK – or the world

Brexit and the Impact of Immigration on the UK

CEP Growth

John Van reenen webpage



News Posted: 17/01/2017      [Back to the Top]

Beritagar (Indonesia)

Having a child does not make you happier

A study entitled The Origins of Happiness which is committed against the elderly in the United Kingdom, the United States, Germany, and Australia thus presents the evidence to the contrary. Presented by Professor Andrew Clark of the Paris School of Economics at a Conference in London, the study makes a conclusion that is simply astounding. While being a part of the relationship is clearly a positive impact on someone, having a child is not improving the welfare of the subjective. At least after a while.


Related Links:
Beritagar (Indonesia) - Having a child does not make you happier

CEP Wellbeing

Andrew Clark webpage



News Posted: 17/01/2017      [Back to the Top]

Nikkei (Japan)

Following PM Theresa May's speech today

Following PM Theresa May’s speech today, Dr Swati Dhingra commented on what she thought the economic impact of a hard Brexit could potentially be. [No link available]


Related Links:
CEP Trade

Swati Dhingra webpage



News Posted: 17/01/2017      [Back to the Top]

Gazet Van Antwerpen

''Kinderen maken je niet lang gelukkieger''

Children don’t make men and women significantly happier, or maybe not for long. This was said by Professor Andrew Clark of the Paris School of Economics, during a Conference in London following a new study 'The Origins of Happiness'.


Related Links:
Gazet Van Antwerpen - ''Kinderen maken je niet lang gelukkieger''

CEP Wellbeing

Andrew Clark webpage



News Posted: 16/01/2017      [Back to the Top]

Lider empresarial (Spain)

Mental health: an urgent subject that needs attending by the political community

And the third reason is that Governments and in general all socialization agents - such as the media, churches, service or community groups - organizations and academic institutions can do more to prevent or manage the problem. At this point, some professional economists such as Richard Layard, have shown that there is a significant correlation between the degree of security, political stability, respect for human rights and the law is living in a country, and the levels of happiness and serenity that reaches a society.


Related Links:
Lider empresarial (Spain) - Mental health: an urgent subject that needs attending by the political community

CEP Wellbeing

Richard Layard webpage



News Posted: 16/01/2017      [Back to the Top]

Yahoo! Finance

Carney's balancing act gets trickier as Brexit saga hits pound

More from Bloomberg.com: Pound Drops Below $1.20 as May Reported to Seek Hard Brexit - “There’s clearly some ongoing debate within the Conservative Party, never mind the country at large, about what form Brexit should take,” said Thomas Sampson, an assistant professor at London School of Economics. “Whether this announcement that we’re expecting this week will lead the bank to dramatically alter its short-term forecasts over the next 6 months to a year, I’m not sure how they’ll respond.”


Related Links:
Yahoo! Finance - Carney's balancing act gets trickier as Brexit saga hits pound

CEP Trade

Thomas Sampson webpage



News Posted: 16/01/2017      [Back to the Top]

Middlesex Minds (Middlesex University London)

Is a robot after your job?

Evidence published in 2015 by Michaels and Graetz from a dataset of companies in 17 countries gathered between 1993 and 2007, suggests that while productivity increases with robotic innovation and some semi-skilled and lower skilled jobs are abandoned, “there is some evidence of diminishing marginal returns to robot use – ‘congestion effects’ -so they are not a panacea for growth……this makes robots’ contribution to the aggregate economy roughly on a par with previous important technologies, such as the railroads in the nineteenth century and the US highways in the twentieth century.” Neither do robots do away with the contradictions within capitalist accumulation.


Related Links:
Middlesex Minds (Middlesex University London) - Is a robot after your job?

Is Modern Technology Responsible for Jobless Recoveries?

Robots at work: the impact on productivity and jobs

Robots at Work

CEP Labour Markets

Georg Graetz webpage

Guy Michaels webpage



News Posted: 16/01/2017      [Back to the Top]

Cinco Dias

El dinero da la felicidad, pero no para siempre

The economist Richard Layard argues in his book Happiness: Lessons from a New Science (Penguin, 2004) to gross $20,000 a year is the amount that marks the border. Everything that is approaching that figure brings happiness; But if it is exceeded, the increase in welfare arising will be lower than before that figure is reached. Related publications - Happiness - Lessons from a New Science, Richard Layard, Allen Lane, 2005 (1st Edition)


Related Links:
Cinco Dias - El dinero da la felicidad, pero no para siempre

Mental Health: the Choice of Therapy for All

CEP Wellbeing

Richard Layard webpage



News Posted: 15/01/2017      [Back to the Top]

MSN PH

Focus: China's Xi meets Davos elite as voters revolt

But in the short term, Friday's inauguration of Trump will be the elephant in the Alps as Davos debates where the property tycoon -- newly buffeted by incendiary allegations linked to Russia -- intends to take his country. If he is indeed bent on isolationism, "China is going to be there to try to fill the void," commented Luis Garicano, professor of economics and strategy at the London School of Economics.


Related Links:
MSN PH - Focus: China's Xi meets Davos elite as voters revolt

CEP Growth

Luis Garicano webpage



News Posted: 15/01/2017      [Back to the Top]

BRIT + CO

Science says having kids won't make you a happier person

Ah, parenting — the greatest joy a human being can experience, right? While we’re sure many would answer with a resounding, “YES!,” (despite findings that it’s more stressful for moms than dads), a recent and soon-to-be-published study titled “The Origins of Happiness” of parents in the UK, the United States, Germany and Australia is claiming evidence to the contrary. Presented by Paris School of Economics Professor Andrew Clark at a London conference yesterday, the study concluded that while being part of a partnership has a decidedly positive impact on a person (“We found a positive effect from having a partner that doesn’t go away over time,”) having children did not increase subjective well-being — at least after a while.


Related Links:
BRIT + CO - Science says having kids won't make you a happier person

CEP Wellbeing

Andrew Clark webpage



News Posted: 14/01/2017      [Back to the Top]

Mail online

Chinese leader meets Davos elite as voters revolt

But in the short term, Friday's inauguration of Trump will be the elephant in the Alps as Davos debates where the property tycoon -- newly buffeted by incendiary allegations linked to Russia -- intends to take his country. If he is indeed bent on isolationism, "China is going to be there to try to fill the void," commented Luis Garicano, professor of economics and strategy at the London School of Economics.


Related Links:
Mail online - Chinese leader meets Davos elite as voters revolt

CEP Growth

Luis Garicano webpage



News Posted: 14/01/2017      [Back to the Top]

Västerbottens-Kuriren (Sweden)

Nordebo: Are institutions and reflection stool in our disruptiva time?

Economist Georg Graetz at Uppsala University, writes in his text "The impact of technological change on the labour market" that if anyone today choose to train for a specific profession, there is a risk that the automation made it obsolete before the person reached the age of retirement. Learning resources must be ready when changes are placing new demands on employees.


Related Links:
Västerbottens-Kuriren (Sweden) - Nordebo: Are institutions and reflection stool in our disruptiva time?

Robots at work: the impact on productivity and jobs

Robots at Work

CEP Labour Markets

Georg Graetz webpage

Guy Michaels webpage



News Posted: 13/01/2017      [Back to the Top]

CNBC

Prepare to be disappointed by Theresa May, analysts say

"In our view, we're heading towards WTO rules in the most likely scenario unfortunately," Mylles told CNBC. Such an option would raise the costs of exporting to the EU for UK firms and it would decrease the access to EU markets for UK companies, a joint research paper from the London School of Economics and the think tank Centre for Economic Performance stated.


Related Links:
CNBC - Prepare to be disappointed by Theresa May, analysts say

Life after Brexit : What are the UK’s options outside the European Union?

CEP Trade

Thomas Sampson webpage

Swati Dhingra webpage



News Posted: 13/01/2017      [Back to the Top]

Yahoo! Singapore

Experts think 'screen time' isn't necessarily bad for children

Children bingeing on their phones, TVs, and laptops isn’t necessarily bad for their health, with parents wrongly focusing on “screen time” over screen context. That’s according to Sue Fletcher-Watson, a developmental psychologist at the University of Edinburgh. Fletcher-Watson has criticised screen time as an umbrella term which puts the focus on how much children use devices, but not what they’re doing. The Guardian recently published a letter signed by child development and education experts linking a “screen-based lifetime” with the “decline in outdoor play” and spiralling rates of child obesity.

Also in: Business Insider UK Experts think 'screen time' isn't necessarily bad for children Related article: Screen-based lifestyle harms children’s health’, Guardian, Sunday 25 December 2016 Signees includes:  Professor Lord Layard Director, Wellbeing Programme, Centre for Economic Performance, London School of Economics & Political Science 


Related Links:
Yahoo! Singapore - Experts think 'screen time' isn't necessarily bad for children

CEP Wellbeing

Richard Layard webpage



News Posted: 13/01/2017      [Back to the Top]

Economist

British firms prepare for a future with fewer European migrant workers

Most studies agree that, in general, EU migrants have not displaced many British workers, nor put much downward pressure on wages. Rather, Britain’s relatively fast-growing economy has created millions of jobs. Equally, argues Jonathan Wadsworth of the London School of Economics, immigrants’ need for housing, food and transport has created more opportunities. So it is idle to presume that there is an army of frustrated, unemployed British workers ready to pick up the spanners of departing Polish plumbers.


Related Links:
Economist - British firms prepare for a future with fewer European migrant workers

Brexit and the Impact of Immigration on the UK

CEP Labour Markets

Jonathan Wadsworth webpage



News Posted: 13/01/2017      [Back to the Top]

SDPNoticias

Salud y amigos la formula de la felicidad segun la ciencia

Health and friends: the formula of happiness according to science

According to researcher Lord Richard Layard, people have not increased their levels of happiness in the past 50 years, while the average income has increased in countries that make up the research. This is because humans are more connected emotionally to your health and relationships, than money.

 

Related articles

The big factors affecting life satisfaction are all non-economic’, Andrew Clark, Sarah Fleche, Richard Layard, Nattavudh Powdthavee and George Ward, LSE Business Review blog, 12 December 2016


Related Links:
SDPNoticias - Salud y amigos la formula de la felicidad segun la ciencia

CEP Wellbeing

Andrew Clark webpage

Sarah Fleche webpage

Richard Layard webpage

Nick Powdthavee webpage

George Ward webpage



News Posted: 12/01/2017      [Back to the Top]

Huffington Post

What makes people happy? Education policymakers must prioritise emotional health

As highlighted by LSE researchers, UK education policymakers have focused much of their attention on improving academic achievement over the last half century, in the hope that this will result in higher levels of life satisfaction amongst the population. But with this focus on high academic achievement, have we lost sight of why we want our children to get good grades? The assumption may be that if you get good grades, you can leave school, get a good job and “be happy”. However, data on children’s emotional and mental health in the UK shows that this generation are amongst the least “happy” in the world, with British children ranking 14th out of 15 countries for wellbeing in relation to life satisfaction. While supporting students to achieve their academic potential at school is certainly important, it is not the “be all and end all” for helping children to become fulfilled adults.  


Related Links:
Huffington Post - What makes people happy? Education policymakers must prioritise emotional health

CEP Wellbeing

Andrew Clark webpage

Sarah Fleche webpage

Richard Layard webpage

Nick Powdthavee webpage

George Ward webpage



News Posted: 11/01/2017      [Back to the Top]

El Financiero

Cuando los ricos tambien lloran

When the rich also cry

Richard Layard in his book "Happiness", says that the standard of life is similar to the alcohol or to the drugs. Once is has some experience in that sense, is necessary follow ascending, if is you want to hold it satisfaction, as if outside a Vice.


Related Links:
El Financiero - Cuando los ricos tambien lloran

Mental Health: the Choice of Therapy for All

CEP Wellbeing

Richard Layard webpage



News Posted: 11/01/2017      [Back to the Top]

Pavlovic Today

3 reasons why Brexit was astonishingly the right decision

With popular google search results ranging from “What is the EU” to “What will happen if we leave the EU” from Britain hours after the referendum, it is clear that Brexit was an unknowledgeable decision. However, the ones who did vote knowledgeably had their own reasons to do so. According to labour-market economists Brian Bell and Stephen Machin, countries who voted to leave had their weakest wage growth since 1997. For them, Brexit would mean greater opportunities and higher potential for economic growth. Other studies show that Brexit was a decision fueled by nonacceptance to social issues such as feminism and environmentalism that are taking place in Britain with it being part of the EU. Perhaps a major reason for citizens all over Britain is the rare opportunity to restore the country’s sovereignty, although undemocratic to Eurosceptics.

Related article

Brexit and wage inequality’, Brian Bell and Stephen Machin, Vox, August 16, 2016 

 

Related publications

Brexit and wage inequality’, Brian Bell and Stephen Machin.  Chapter in Brexit beckons: thinking ahead by leading economists, R. Baldwin (Ed), August 2016

 


Related Links:
Pavlovic Today - 3 reasons why Brexit was astonishingly the right decision

CEP Labour Markets

Brian Bell webpage

Stephen Machin webpage



News Posted: 11/01/2017      [Back to the Top]

Forbes

We won't even know if a robot takes your job

Using national level data on worldwide robot shipments across 17 countries, George Graetz and Guy Michaels show that robots may have been responsible for about a tenth of the increases in those countries’ gross domestic product between 1993 and 2007, and may have increased labor productivity growth by over 15%. This might sound like it’s a small number, but it’s not. According to the authors, this number is comparable to the impact of steam engines on British labor productivity growth in the 19th Century. Does this growth come at the expense of labor? Graetz and Michaels find some evidence that wages go up on average as robot use increases. But they also find some evidence that hours worked drops for low-skilled and middle-skilled workers. A paper by Daron Acemoglu and Pascual Restrepo focuses on the effect of robots on the U.S. labor market and estimates that each additional robot reduces employment by seven workers and that one new robot per thousand workers reduces wages by 1.2 to 1.6%.


Related Links:
Forbes - We won't even know if a robot takes your job

Robots at work: the impact on productivity and jobs

Robots at Work

CEP Labour Markets

Guy Michaels webpage

Georg Graetz webpage



News Posted: 11/01/2017      [Back to the Top]

Huffpost Politics

What makes people happy? Education policymakers must prioritise emotional health

As highlighted by LSE researchers, UK education policymakers have focused much of their attention on improving academic achievement over the last half century, in the hope that this will result in higher levels of life satisfaction amongst the population. But with this focus on high academic achievement, have we lost sight of why we want our children to get good grades?

Related Articles

Vox – 12 December 2016

Origins of happiness: Evidence and policy implications, Andrew Clark, Sarah Fleche, Richard Layard, Nattavudh Powdthavee and George Ward


Related Links:
Huffpost Politics - What makes people happy? Education policymakers must prioritise emotional health

CEP Wellbeing

Andrew Clark webpage

Sarah Fleche webpage

Richard Layard webpage

Nick Powdthavee webpage



News Posted: 11/01/2017      [Back to the Top]

Bloomberg Radio

Surveillance Show

Thomas Sampson (CEP/LSE) interviewed on the programme.


Related Links:
Bloomberg Radio - Surveillance Show

CEP Trade

Thomas Sampson webpage



News Posted: 10/01/2017      [Back to the Top]

Morning Star

Modern childhood a vital class issue for the left

A nasty mix of neoliberalism and the Tories’ austerity policies are having appalling effects on our children’s health and welfare

And so we come to the present day, with a 10-year anniversary press letter appearing in the Guardian on Boxing Day, co-organised with Dr Sharie Coombes and signed by a host of cultural luminaries — including Rowan Williams, the NUT’s Kevin Courtney, (Sirs) Jonathon Porritt, Anthony Seldon and Richard Bowlby; writer Philip Pullman; psychologists Oliver James, Susie Orbach and Sue Gerhardt; educationalists Robin Alexander, Penelope Leach, Sir Christopher Ball, Guy Claxton and Sir Tim Brighouse and a host of eminent professors — including Baroness Susan Greenfield, Lord Richard Layard, Andrew Samuels and Sami Timimi. If all these eminent people, with stellar professional and academic reputations to protect, are prepared to sign a public letter as outspoken as ours about children’s wellbeing, then something surely is rotten to the core in neoliberal Britain and we must urgently do something about it.

 

Related article

Guardian

Letter: Screen-based lifestyle harms children’s health

A decade ago our first multiple-signatory “toxic childhood” press letter described how children’s health and wellbeing were being undermined by the decline of outdoor play, increasingly screen-based lifestyles, a hyper-competitive schooling system and the unremitting commercialisation of childhood.

Despite widespread public concern, subsequent policymaking has been half-hearted, short-termist and disjointedly ineffective. The above factors continue to affect children adversely, with “school and cool” displacing active, self-directed play at an ever-earlier age. Physical health problems like obesity continue to escalate, and mental health problems among children and young people are approaching crisis levels. As well as the intense distress caused to families, there are obviously longer-term social and economic consequences for society as a whole.


Related Links:
Morning Star - Modern childhood a vital class issue for the left

CEP Wellbeing

Richard Layard webpage



News Posted: 10/01/2017      [Back to the Top]

Minyanville

Health is more important than wealth

The old folk saying "If you've got your health you've got your wealth" is finding new proponents from a recent study done by the London College of Economics, under the direction of Lord Richard Layard. Layard, who holds advanced degrees in medical science, economics, philosophy, and psychology, is quoted as saying "Research shows more clearly than ever that there is a direct correlation between a person's physical and emotional health and their happiness and satisfaction with life."


Related Links:
Minyanville - Health is more important than wealth

CEP Wellbeing

Richard Layard webpage



News Posted: 10/01/2017      [Back to the Top]

Aftenposten (Norway)

Professor: ''Det er rett og slett ikke tilfelle at innvandrere tar jobbene fra dem som allerede bor i landet''

"It is simply not the case that immigrants are taking jobs from those who already live in the country"

Professor Alan Manning denied that immigrants take jobs.  If it were so, wouldn't Canada and Australia have been a financial chaos?


Related Links:
Aftenposten (Norway) - Professor: ''Det er rett og slett ikke tilfelle at innvandrere tar jobbene fra dem som allerede bor i landet''

CEP Community

Alan Manning webpage



News Posted: 10/01/2017      [Back to the Top]

iTECH POST

Millennials' happiness is tied to having close friends at work

A compilation of surveys show that millennial's happiness is closely tied to having close friends at work. Good working relationships seem to make people more productive and satisfied with life. …

In another study by Lord Richard Layard, it showed that people on average have reported feeling the same level of happiness in 50 years despite average income more than doubling, The Guardian says.

 

Related articles

The big factors affecting life satisfaction are all non-economic’, Andrew Clark, Sarah Fleche, Richard Layard, Nattavudh Powdthavee and George Ward, LSE Business Review blog, 12 December 2016


Related Links:
iTECH POST - Millennials' happiness is tied to having close friends at work

CEP Wellbeing

Andrew Clark webpage

Sarah Fleche webpage

Nick Powdthavee webpage

Richard Layard webpage

George Ward webpage



News Posted: 10/01/2017      [Back to the Top]

Independent

Brexit report promoted by right-wing press condemned by economic experts

“There’s absolutely no controversy about gravity models,” said Swati Dhingra, assistant professor at the London School of Economics, also pointing out that gravity models are the subject of the second chapter of the new handbook of international economics. Thomas Sampson, also an assistant professor at the LSE, added that the Cambridge team’s own analysis was itself methodologically flawed.


Related Links:
Independent - Brexit report promoted by right-wing press condemned by economic experts

BREXIT 2016: Policy Analysis from the Centre for Economic Performance

CEP Trade

Swati Dhingra webpage

Thomas Sampson webpage



News Posted: 10/01/2017      [Back to the Top]

Financial Times

The cost of taking mental health seriously

After decades languishing as one of the most underfunded medical problems, mental illness began to receive some of the attention it deserved under Tony Blair’s government. In 2006, a London School of Economics study led by Professor Richard Layard provided the inspiration for an expansion of psychotherapy services.


Related Links:
Financial Times - The cost of taking mental health seriously

Tackling Depression and Anxiety Disorders

The Depression Report: A New Deal for Depression and Anxiety Disorders

CEP Wellbeing

Richard Layard webpage



News Posted: 09/01/2017      [Back to the Top]

LSE Business Review blog

Social mobility in the United States depends heavily upon where you live

There is considerable geographical variation in the opportunities available to disadvantaged children in the United States, according to research by Raj Chetty, who delivered the 2016 Lionel Robbins Memorial Lectures at LSE. Maria Molina-Domene talked to him about his findings, the use of big data and the implications for policy.

Raj began his first lecture with a striking comparison of how far the United States is from achieving ‘the American Dream’ in terms of social mobility. He highlighted the fact that the probability of a child born to parents in the bottom fifth of the income distribution reaching the top fifth is 7.5 percent in the United States. This compares with the figure of 9 percent for the UK revealed in CEP research by Jo Blanden and Stephen Machin.


Related Links:
LSE Business Review blog - Social mobility in the United States depends heavily upon where you live

Social Mobility in Britain: Low and Falling

CEP Labour Markets

Maria Molina-domene webpage



News Posted: 06/01/2017      [Back to the Top]

LSE United States Politics and Policy blog

Social mobility in the United States depends heavily on where you live

There is considerable geographical variation in the opportunities available to disadvantaged children in the United States, according to research by Raj Chetty, who delivered the 2016 Lionel Robbins Memorial Lectures at LSE. Maria Molina-Domene talked to him about his findings, the use of big data and the implications for policy.

Raj Chetty was in London in October to deliver three lectures on the theme of social mobility in the United States. While he was at LSE’s Centre for Economic Performance (CEP), I talked to him about the use of big data in economic research, notably in the Equality of Opportunity Project that he leads. His findings on the differences in opportunity across local areas in the United States and the causal impact of neighborhoods were the core of his lectures.


Related Links:
LSE United States Politics and Policy blog - Social mobility in the United States depends heavily on where you live

In brief... Social mobility in the United States

CEP Labour Markets

Maria Molina-domene webpage



News Posted: 06/01/2017      [Back to the Top]

Microeconomic Insights

Why small isn't always beautiful: labor regulations and firm growth

Authors: Luis Garicano (CEP/LSE), Claire LeLarge (Banque de France) and John Van Reenen (CEP/LSE; MIT)

What are the costs and benefits of regulation? Most countries treat smaller firms more generously when it comes to business regulation, exempting them from some of the burdens on larger firms. This research uses this institutional feature to show how the overall costs of regulation can be calculated from observing companies’ response to this “tax on firm size”. This research uses data from France where a large number of labor market regulations bind when a firm has 50 or more employees. These regulations are intended to help workers, but they also discourage firms near the 50 employee threshold from growing larger and producing more output. They also increase the cost burden on firms who choose to remain large. We calculate the regulations depress overall economic output by over 3%. Thus, the costs are relatively high. We also find that workers do not place much value on the extra regulations imposed on bigger firms.


Related Links:
Microeconomic Insights - Why small isn't always beautiful: labor regulations and firm growth

Firm Size Distortions and the Productivity Distribution: Evidence from France

CEP Growth

Luis Garicano webpage

John Van reenen webpage



News Posted: 05/01/2017      [Back to the Top]

Mirror online

Here's how many firms ‘shamed' for not paying minimum wage have been prosecuted

"The Tory Government is, to adapt a phrase, just not managing to ensure rogue employers comply with laws designed to provide a minimum wage for workers and their families." The blow comes as the government appoints a new watchdog today to crack down on rogue firms who undercut the minimum wage. Sir David Metcalf, emeritus professor at the London School of Economics and a founder of the Low Pay Commission, will be the first ever Director of Labour Market Enforcement. He said: "While the UK is by and large a fair and safe place to work, there are still rogue employers who exploit their workers and undercut honest businesses. As the Government has made clear, this will not go unpunished.”


Related Links:
Mirror online - Here's how many firms ‘shamed' for not paying minimum wage have been prosecuted

CEP Labour Markets

David Metcalf webpage



News Posted: 05/01/2017      [Back to the Top]

Foreign Affairs (New Zealand)

Press Release: Sir David Metcalf named as the first Director of Labour Market Enforcement

Sir David Metcalf has today (5 January 2017) been named as the first Director of Labour Market Enforcement to oversee a government crackdown on exploitation in the workplace.


Related Links:
Foreign Affairs (New Zealand) - Press Release: Sir David Metcalf named as the first Director of Labour Market Enforcement

CEP Labour Markets

David Metcalf webpage



News Posted: 05/01/2017      [Back to the Top]

The Times

It is the sport of kings and, apparently, tsars as well...

The minimum wage tsar is more interesting than the government would have you believe. The biography, as released by Whitehall, of Professor Sir David Metcalf, who has been appointed as the first director of labour market enforcement, lists several worthy previous public sector appointments. However, his university, the London School of Economics, paints a slightly more rounded picture, pointing out that he owns a leg in a racehorse and has been a steward at Kempton and Plumpton racecourses.


Related Links:
The Times - It is the sport of kings and, apparently, tsars as well...

CEP Labour Markets

David Metcalf webpage



News Posted: 05/01/2017      [Back to the Top]

Home Office - gov.uk

Sir David Metcalf named as the first Director of Labour Market Enforcement - press release

Sir David, who was chairman of the Migration Advisory Committee until August 2016, will set the strategic priorities for the:

  • Gangmasters and Labour Abuse Authority
  • Employment Agency Standards Inspectorate
  • HMRC’s National Minimum Wage enforcement team

Related Links:
Home Office - gov.uk - Sir David Metcalf named as the first Director of Labour Market Enforcement - press release

CEP Labour Markets



News Posted: 05/01/2017      [Back to the Top]

The Times

Employers face jail over minimum wage

Employers who deny workers the minimum wage could face two years in jail under plans to accelerate a crackdown on unscrupulous companies and gangmasters.  The government will appoint a “labour market enforcement director” today to clamp down on the exploitation of casual workers.  The new role will be taken up by Sir David Metcalf, an industrial relations professor at the London School of Economics and, until recently, a key adviser to Downing Street on migration.


Related Links:
The Times - Employers face jail over minimum wage

CEP Labour Markets

David Metcalf webpage



News Posted: 05/01/2017      [Back to the Top]

The Planner

Housing professionals recognised in New Year's Honours

Paul Cheshire, economist and emeritus professor of economic geography at the LSE, has been awarded a CBE for services to economics and housing.


Related Links:
The Planner - Housing professionals recognised in New Year's Honours

CEP Urban and Spatial Programme

Paul Cheshire webpage



News Posted: 04/01/2017      [Back to the Top]

Investors Chronicle

More profit warnings

Investors should brace themselves for more profit warnings in 2017.

This isn't simply because economic growth will slow this year: economists expect an expansion of only 1.2 per cent this year after 2 per cent growth last. Nor is it just because there's danger of a squeeze upon the profit margins of firms that don't export much. It's also because economic slowdowns affect the distribution of growth rates across companies. As the macroeconomy weakens, corporate growth becomes more negatively skewed, so that a disproportionate number of firms do badly. This was first pointed out by Paul Geroski and Paul Gregg in a study of the 1990-91 recession in the UK. They showed that just 10 per cent of firms accounted for 84 per cent of the drop in profits then. However, a recent paper by Nick Bloom of Stanford University and Fatih Guvenen and Sergio Salgado at the University of Minnesota shows that much the same is true around the world. They studied corporate sales growth in 44 countries between 1986 and 2013 and found that "periods of low economic activity are characterised by an increase in the probability of very large negative shocks at the firm level".


Related Links:
Investors Chronicle - More profit warnings

CEP Growth

Nick Bloom webpage



News Posted: 04/01/2017      [Back to the Top]

Planning Resource

Academics recognised in New Year's honours list

A professor who has argued that green belt policies are 'discriminatory' has been awarded a CBE in the New Year's honours list.

Related links: Paul Cheshire CEP publications webpage


Related Links:
Planning Resource - Academics recognised in New Year's honours list

CEP Urban and Spatial Programme

Paul Cheshire webpage



News Posted: 03/01/2017      [Back to the Top]

Bdonline.co.uk

David Adjaye knighthood tops 2017 honours list

Burdett’s LSE colleague economist Professor Paul Cheshire also received a CBE, in recognition of services to economics and housing.

Related links: Paul Cheshire CEP publications webpage


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Bdonline.co.uk - David Adjaye knighthood tops 2017 honours list

CEP Urban and Spatial Programme

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News Posted: 03/01/2017      [Back to the Top]

Mail Online

Gloomy economists forecast Brexit trouble ahead for the UK…despite getting it wrong last year

Four in ten leading economists are more pessimistic about Britain's future after Brexit, despite the buoyant economy since the vote, according to a new FT poll. While many are looking to 2017 for a spot of better luck than 2016, UK economists are less optimistic about what the coming year will bring, the annual survey found. The Financial Times asked 122 industry experts to give their predictions for the next 12 months, with the vast majority foreseeing the British economy losing steam in the wake of higher inflation and Brexit uncertainty.


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Mail Online - Gloomy economists forecast Brexit trouble ahead for the UK…despite getting it wrong last year

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News Posted: 03/01/2017      [Back to the Top]

Daily Telegraph

11 green New Year's resolutions that put the planet first

According to a study from the London School of Economics, brisk walking is a better deterrent against obesity than any other form of exercise.

Men and women who walk briskly for more than 30 minutes a day were found to have lower BMIs and smaller waists than everyone else involved in the study.


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News Posted: 03/01/2017      [Back to the Top]

BBC Mundo (Spain)

Trump, Brexit, eleccciones europeas y otros enigmas de la economía para 2017

El comercio mundial patas arriba

Swati Dhingra, especialista de comercio de la London School of Economics, pone el acento en otro peligro.

"Lo más grave sería una guerra comercial de Estados Unidos con China en caso de que imponga aranceles y que China apele ante la Organización Mundial del Comercio", le dijo Dhigra al dominical británico The Observer.

More serious would be a commercial war between United States with China should impose tariffs and that Chinese appeal before the Organization World of the trade", said Dhingra to the British Sunday paper ‘The Observer’.

Also in:  Hispantv.com ¿Cuáles son los enigmas principales de la economía para 2017?/What are the major mysteries of the economy for 2017?

 


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News Posted: 03/01/2017      [Back to the Top]

Financial Times

Brexit: 5 questions for 2017

Further reading

A derided expert speaks John Van Reenen, the outgoing director of the LSE’s Centre for Economic Performance takes no prisoners in a hard-hitting review of Brexit. Among other topics he examines the ‘lump of labour fallacy’ behind immigration concerns, the media’s Euroscepticism and Britain’s politicians, who are surely the “worst in living memory”. (LSE blog).

 

Related article

The aftermath of the Brexit vote – the verdict from a derided expert’, John Van Reenen, LSE British Politics and Policy blog, August 2, 2016

 


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News Posted: 03/01/2017      [Back to the Top]

Financial Times

Trump's presidency could have 'mildly positive' effect for the UK

Asked about the potential impact of Donald Trump’s presidency on the UK economy in 2017, respondents to the Financial Times survey of leading economists expressed mixed views: (1) Stephen Machin, professor of economics, London School of Economics Any effect is not likely to be good; (2) “[Mr Trump’s presidency] will greatly add to global policy uncertainty which will rattle investors” said John Van Reenen, a professor at the Massachusetts Institute of Technology.


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News Posted: 02/01/2017      [Back to the Top]

The Financial Times

Weaker pound expected to reduce immigration

Slower economic growth also predicted to deter new migrants

Question:  ‘What do you think will happen to immigration?’

Stephen Machin, professor of economics, London School of Economics

It does not seems likely to change much and therefore not much impact to follow. A worry is that high skill immigration is slowed down by current events and attitudes.

 

John Van Reenen, professor of economics, MIT

Since negotiations will be still be going on after Article 50 triggered, there will not be much effect. Levels will probably remain high (net migration above 300k) until we exit in 2018 and more controls are then introduced. More EU immigrants will come in 2017 to avoid the 2018 controls. The reduction in immigration will reduce overall growth significantly and reduce GDP per capita a bit. The loss of deep access to Single Market due to ending free movement will be the main negative effect over long-run. Lower immigration will do nothing to help UK workers — see http://cep.lse.ac.uk/pubs/download/brexit05.pdf

See Also:

Financial Times

  1. Bank of England expected to keep its options open

    ...monetary discipline in the UK too. Stephen Machin, professor of economics, London School of Economics...

    ...that the approach will be very cautious. On the whole upside risk for higher interest rates but slowly. John Van Reenen

  2. Inflation predicted to rise above 2 per cent target in 2017

    ..., falling below it at the start of 2018. Stephen Machin, professor of economics, London School of Economics It seems...

    ...business cycle, wage increases and especially the weak pound are adding to inflationary pressures in 2017. John Van Reenen


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News Posted: 02/01/2017      [Back to the Top]

The Financial Times

Chancellor likely to overshoot borrowing forecast, economists say

Contributing factors include weaker tax revenues and pressure to rein in cuts

Question:  ‘Do you think the government will need to borrow more than it has forecast in 2017?’

Stephen Machin, professor of economics, London School of Economics

Government borrowing, if it is for areas that increase long-term growth, is not a bad thing. Indeed, while borrowing to fund infrastructure and innovation may increase the deficit in the short run it will probably decrease debt/GDP in the long run due to the effects on productivity and GDP growth (this is why countries like Italy that have not invested in these areas have low deficits but high debt/GDP). I believe, however, that UK borrowing will increase for the following good and bad reasons: (1) GOOD: because it seems that May’s government wants to bet on an active industrial and innovation policy: this requires an active investment strategy which in the short-run may increase the deficit. (2) BAD because Brexit will continue to be a major drain on the economy, causing government to waste a large amount of resources in managing the process (with evidence that they are already paying KPMG and other consultants exorbitant rates for the ‘outsourced’ part of this management), and also to make up for the lost (eventual) EU investment (Horizon, ERC, EIB etc). And (3) BAD because the fall in corporate income tax will increase the deficit, without having any effect on real investment. It will, I believe, only fuel inequality, which in the long run also raises the deficit, both due to the welfare payments that rise with inequality, and the lower tax receipts.

 

John Van Reenen, professor of economics, MIT

The current plans remain too optimistic. He will correctly use more flexibility to expand investment from current plans. Will not cur current deficit as much as planned.


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News Posted: 02/01/2017      [Back to the Top]

The Financial Times

Economists gloomy on UK prospects for 2017

Growth will slow, incomes will be squeezed and investment delayed, FT survey finds

Question: ‘How much, if at all, do you expect UK economic growth to slow in 2017?’

Stephen Machin, professor of economics, London School of Economics

It seems likely to that growth will be a fair bit slower than pre-Brexit referendum forecasts, mostly because the prospects of productivity and/or real wage growth do not look very promising.

 

John Van Reenen, professor of economics, MIT

Slow to about 1.4%. Greater policy uncertainty over Trump, Brexit & elections in France and Germany will harm investment and hiring

.


Related Links:
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News Posted: 02/01/2017      [Back to the Top]