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CEP Discussion Paper
Reallocation and Secularization: The Economic Consequences of the Protestant Reformation Davide Cantoni, Jeremiah Dittmar and Noam Yuchtman May 2017
Paper No' CEPDP1483:
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JEL Classification: N13; N33; J24; E02


Tags: protestant reformation; secularization; sectoral allocation; human capital

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CEP Discussion Paper
Diversity and Neighbourhood Satisfaction Monica Langella and Alan Manning
December 2016
Paper No' CEPDP1459:
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JEL Classification: Z1


Tags: neighbourhood satisfaction; social capital; diversity; deprivation

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SERC/Urban and Spatial Programme Discussion Paper
Traffic Externalities and Housing Prices: Evidence from the London Congestion Charge Cheng Keat Tang
August 2016
Paper No' SERCDP0205:
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JEL Classification: R21; R31; R38; R41; Q25


Tags: housing prices; capitalization effects; congestion charge; traffic externalities; marginal willingness to pay; difference-in-difference

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CEP Discussion Paper
The Economic Impact of Universities: Evidence from Across the Globe Anna Valero and John Van Reenen
August 2016
Paper No' CEPDP1444:
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JEL Classification: I23; I25; J24; O10; O31


Tags: universities; growth; human capital; innovation

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SERC/Urban and Spatial Programme Discussion Paper
Building the City: Urban Transition and Institutional Frictions J. Vernon Henderson, Tanner Regan and Anthony J. Venables
April 2016
Paper No' SERCDP0196:
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JEL Classification: O14; O18; R1; R3


Tags: city; urban; urban growth; slum development; urban structure; urban form; housing investment; capital durability

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CEP Discussion Paper
State Capacity and Public Goods: Institutional change, Human Capital and Growth in Early Modern Germany Jeremiah Dittmar and Ralph R. Meisenzahl March 2016
Paper No' CEPDP1418:
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JEL Classification: I25; N13; O11; O43


Tags: state capacity; institutions; growth; education; human capital; persistence

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CEP Discussion Paper
Relational Knowledge Transfers Luis Garicano and Luis Rayo
March 2016
Paper No' CEPDP1412:
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JEL Classification: IO; LE


Tags: general human capital; international joint ventures; relational contracts

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CentrePiece Article
Equity crowdfunding: a new model for financing entrepreneurship? Saul Estrin and Susanna Khavul
February 2016
Paper No' CEPCP462:
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CentrePiece 20 (3) Winter 2015/2016


Tags: crowdfunding; entrepreneurs; business enterprise; taxation; venture capital

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CEP Discussion Paper
Balanced Growth Despite Uzawa Gene M. Grossman, Elhanan Helpman, Ezra Oberfield and Thomas Sampson
January 2016
Paper No' CEPDP1403:
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JEL Classification: J2; E1; O1; O4


Tags: demand; neoclassical growth; balanced growth; technological progress; capital-skill complementarity

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CEP Discussion Paper
Large Capital Inflows, Sectoral Allocation and Economic Performance Gianluca Benigno, Nathan Converse and Luca Fornaro
May 2015
Paper No' CEPDP1348:
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JEL Classification: F31; F32; F41; O41


Tags: capital flows; surges; sectoral allocation; sudden stops

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CEP Discussion Paper
Integrated Estimates of Capital Stocks and Services for the United Kingdom: 1950-2013 Nicholas Oulton and Gavin Wallis
March 2015
Paper No' CEPDP1342:
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JEL Classification: E22; E23; D24; O47


Tags: capital services; capital stocks; rate of return; ex post; hybrid

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SERC/Urban and Spatial Programme Discussion Paper
The Economic Value of Local Social Networks Frank Ethridge, Maryann Feldman, Tom Kemeny and Ted Zoller
January 2015
Paper No' SERCDP0170:
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JEL Classification: R11; O12; O18; L14


Tags: cities; economic development; social networks; social capital

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CEP Discussion Paper
Optimal Contracting and the Organization of Knowledge William Fuchs, Luis Garicano and Luis Rayo
October 2014
Paper No' CEPDP1308:
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JEL Classification: D86; L22; J33; J44


Tags: contracting; experts; professional service firms; partnership; venture capital

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CEP Discussion Paper
Locus of Control and Its Intergenerational Implications for Early Childhood Skill formation Francesca Cornaglia, Warn N. Lekfuangfu, Nattavudh Powdthavee and Nele Warrinnier August 2014
Paper No' CEPDP1293:
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JEL Classification: J01; I31


Tags: locus of control; parental investment; human capital accumulation; early skill formation; alspac

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SERC/Urban and Spatial Programme Discussion Paper
Neighbourhood Turnover and Teenage Attainment Stephen Gibbons, Olmo Silva and Felix Weinhardt
August 2014
Paper No' SERCDP0163:
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JEL Classification: C21; I20; R23


Tags: education; neighbourhood; turnover; social capital

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SERC/Urban and Spatial Programme Discussion Paper
Speed 2.0. Evaluating Access to Universal Digital Highways Gabriel M. Ahlfeldt, Pantelis Koutroumpis and Tommaso Valletti
July 2014
Paper No' SERCDP0161:
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JEL Classification: L1; H4; R2


Tags: internet; property prices; capitalization; digital speed; universal access to broadband

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CEP Discussion Paper
The Financial Resource Curse Gianluca Benigno and Luca Fornaro
May 2013
Paper No' CEPDP1217:
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JEL Classification: F32; F34; F36; F41; F43


Tags: capital flows; capital controls; financial resource curse; endogenous growth

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SERC/Urban and Spatial Programme Discussion Paper
How Far Do England’s Second-Order Cities Emulate London as Human-Capital ‘Escalators’? Tony Champion, Mike Coombes and Ian Gordon March 2013
Paper No' SERCDP0132:
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JEL Classification: J24; J61; J62; R23


Tags: human-capital escalator; second-order cities; england; ons longitudinal study; career progression; city region

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SERC/Urban and Spatial Programme Discussion Paper
Access All Areas? The Impact of Fees and Background on Student Demand for Postgraduate Higher Education in the UK Philip Wales February 2013
Paper No' SERCDP0128:
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JEL Classification: C25; I2; J24; D12


Tags: education; human capital; skills; consumer economics: empirical analysis

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CEP Discussion Paper
Optimal Policy for Macro-Financial Stability Gianluca Benigno, Huigang Chen, Chris Otrok, Alessandro Rebucci and Eric Young
October 2012
Paper No' CEPDP1172:
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JEL Classification: E52; F37; F41


Tags: bailouts; capital controls; exchange rate policy; financial frictions; financial crises; macro-financial stability; macro-prudential policies

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CEP Discussion Paper
Reserve Accumulation, Growth and Financial Crises Gianluca Benigno and Luca Fornaro
August 2012
Paper No' CEPDP1161:
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JEL Classification: F31; F32; F41; F43


Tags: foreign reserve accumulation; gross capital flows; growth; financial crises

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CEP Discussion Paper
Capital Controls or Exchange Rate Policy? A Pecuniary Externality Perspective Gianluca Benigno, Huigang Chen, Christopher Otrok, Alessandro Rebucci and Eric R. Young August 2012
Paper No' CEPDP1160:
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JEL Classification: E52; F37; F41


Tags: capital controls; exchange rate policy; financial frictions; financial crises; financial stability; optimal taxation; prudential policies; planning problem

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CEP Discussion Paper
Human Capital, Matching and Job Satisfaction Tim Barmby, Alex Bryson and Barbara Eberth
June 2012
Paper No' CEPDP1151:
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JEL Classification: J24; J28


Tags: job satisfaction; job match quality; human capital; job tenure

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CEP Discussion Paper
The CEO Labour Market in China's Public Listed Companies Alex Bryson, John Forth and Minghai Zhou
June 2012
Paper No' CEPDP1148:
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JEL Classification: G34; J31; J33; M12; M52; O16; P31


Tags: executive compensation; ceo's; corporate governance; tournaments; firm-specific human capital; china


This paper has been published as:
The Economic Journal, Volume 124, Issue 574, February 2014
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SERC/Urban and Spatial Programme Discussion Paper
Ambition, Human Capital Acquisition and the Metropolitan Escalator Ian Gordon
April 2012
Paper No' SERCDP0107:
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JEL Classification: J24; J61; J62; R23


Tags: escalator region; migration; urban labour market; london; social mobility; human capital

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CEP Discussion Paper
A Note on Schooling in Development Accounting Francesco Caselli and Antonio Ciccone
December 2011
Paper No' CEPDP1102:
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JEL Classification: I28; J24


Tags: schooling; production; efficiency; human capital; development accounting; growth accounting

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SERC/Urban and Spatial Programme Discussion Paper
The Bright Side of Social Capital: How 'Bridging' Makes Italian Provinces More Innovative Riccardo Crescenzi, Luisa Gagliardi and Marco Percoco November 2011
Paper No' SERCDP0096:
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JEL Classification: O31; O33; R15


Tags: innovation; social capital; knowledge transfer; regional development

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CEP Discussion Paper
The Role of Educational Quality and Quantity in the Process of Economic Development Amparo Castelló-Climent and Ana Hidalgo-Cabrillana November 2011
Paper No' CEPDP1087:
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JEL Classification: I21; O11; O15; O4


Tags: quality of education; human capital composition; economic growth

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SERC/Urban and Spatial Programme Discussion Paper
The Economics Implications of House Price Capitalization: A Synthesis Christian A. L. Hilber
October 2011
Paper No' SERCDP0091:
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JEL Classification: D71; R21; R31


Tags: house price capitalization; homeownership; local public goods; club goods; land use regulation; land and housing supply; incentives to invest; redistribution

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CEP Discussion Paper
Trading and Enforcing Patent Rights Alberto Galasso, Mark Schankerman and Carlos J. Serrano
August 2011
Paper No' CEPDP1072:
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JEL Classification: K41; H24; O32; O34


Tags: patents; litigation; market for innovation; capital gains taxation

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CEP Discussion Paper
House Price Booms and the Current Account Klaus Adam, Pei Kuang and Albert Marcet
July 2011
Paper No' CEPDP1064:
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JEL Classification: F41; F32; E43


Tags: interest rates; house prices; short-term capital movements

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CEP Discussion Paper
Financial Crises and Macro-Prudential Policies Gianluca Benigno, Huigang Chen, Christopher Otrok, Alessandro Rebucci and Eric R. Young December 2010
Paper No' CEPDP1032:
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JEL Classification: E52; F37; F41


Tags: capital controls; crises; financial frictions; macro prudential policies; bailouts; overborrowing

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CEP Discussion Paper
Adjusting to Capital Account Liberalization Kosuke Aoki, Gianluca Benigno and Nobuhiro Kiyotaki
October 2010
Paper No' CEPDP1014:
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JEL Classification: F32


Tags: credit frictions; capital account liberalization

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SERC/Urban and Spatial Programme Discussion Paper
Geography or Economics? A Micro-Level Analysis of the Determinants of Degree Choice in the Context of Regional Economic Disparities in the UK Philip Wales September 2010
Paper No' SERCDP0056:
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JEL Classification: C25; I2; J24; R23


Tags: education; human capital; skills; regional labour markets

CEE/Education and Skills Programme Discussion Paper
The Kuznets Curve of Education: A Global Perspective on Education Inequalities Christian Morrisson and Fabrice Murtin
June 2010
Paper No' CEEDP0116:
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JEL Classification: D31; E27; F02; N00; O40


Tags: inequality; human capital; economic history; kuznets curve.

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CEP Discussion Paper
Intra-Firm Trade and Product Contractibility (Long Version) Andrew B. Bernard, J. Bradford Jensen, Stephen Redding and Peter K. Schott May 2010
Paper No' CEPDP0978:
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JEL Classification: F10; F23; L14; L23


Tags: related party trade; imports; contract theory; contractibility; intermedication; human capital; physical capital

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SERC/Urban and Spatial Programme Discussion Paper
New Housing Supply and the Dilution of Social Capital Christian A. L. Hilber
January 2010
Paper No' SERCDP0042:
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JEL Classification: D71; R21; R31


Tags: house price capitalization; social capital; homeownership; land and housing supply; reciprocal cooperation

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SERC/Urban and Spatial Programme Discussion Paper
Local Human Capital and Its Impact on Local Employment Chances in Britain Ioannis Kaplanis
January 2010
Paper No' SERCDP0040:
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JEL Classification: J21; J24; R23


Tags: local labour markets; employment; consumer demand; human capital externalities

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SERC/Urban and Spatial Programme Discussion Paper
Wage Effects from Changes in Local Human Capital in Britain Ioannis Kaplanis
January 2010
Paper No' SERCDP0039:
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JEL Classification: J21; J24; J31; R23


Tags: local labour markets; wages; consumer demand; human capital externalities

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CEP Discussion Paper
Rates of Return and Alternative Measures of Capital Input: 14 Countries and 10 Branches, 1971-2005 Nicholas Oulton and Ana Rincon-Aznar November 2009
Paper No' CEPDP0957:
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JEL Classification: E22; E23; D


Tags: capital; rate of return; ex post; ex ante

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CEP Discussion Paper
Networks in the Premodern Economy: the Market for London Apprenticeships, 1600-1749 Tim Leunig, Chris Minns and Patrick Wallis November 2009
Paper No' CEPDP0956:
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JEL Classification: N3; J2; J6


Tags: apprenticeship; human capital formation; training; migration; networks; uk; early modern

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CEP Discussion Paper
The Organization of Firms Across Countries Nick Bloom, Raffaella Sadun and John Van Reenen
June 2009
Paper No' CEPDP0937:
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JEL Classification: L2; M2; O32; O33


Tags: decentralization; trust; rule of law; social capital; theory of the firm


This paper has been published as:
Quarterly Journal of Economics (2012) 127(4): 1663-1705
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CEP Discussion Paper
The Century of Education Christian Morrisson and Fabrice Murtin
June 2009
Paper No' CEPDP0934:
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Data Files associated with this paper.

JEL Classification: D31; E27; F02; N00; O40


Tags: inequality; human capital; economic history; copula function

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CEP Discussion Paper
Capital Flows and Asset Prices Kosuke Aoki, Gianluca Benigno and Nobuhiro Kiyotaki
April 2009
Paper No' CEPDP0921:
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JEL Classification: F32; F37; F41


Tags: capital flows; asset prices; domestic and international borrowing constraints


This paper has been published as:
NBER Internatioinal Seminar on Macroeconomics 2007
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SERC/Urban and Spatial Programme Discussion Paper
Family Types and the Persistence of Regional Disparities in Europe Gilles Duranton, Andrés Rodríguez-Pose and Richard Sandall
November 2008
Paper No' SERCDP0009:
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JEL Classification: J12; O18; R11


Tags: institutions; family types; education; social capital; labor force participation; economic wealth and dynamism; regions; europe

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CEP Discussion Paper
Why Capital does not Migrate to the South: A New Economic Geography Perspective Jang Ping Thia
November 2008
Paper No' CEPDP0895:
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JEL Classification: F12; F15


Tags: firm heterogeneity; capital mobility; economic geography

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CEP Discussion Paper
Private Sector Employment Growth, 1998-2004: A Panel Analysis of British Workplaces Alex Bryson and Satu Nurmi
April 2008
Paper No' CEPDP0861:
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JEL Classification: J21; J23


Tags: employment growth; workplace survival; workplace age; workplace size; human capital; sunk costs

CEE/Education and Skills Programme Discussion Paper
Returns to Apprenticeship Training in Austria: Evidence from Failed Firms Josef Fersterer and Jörn-Steffen Pischke
February 2008
Paper No' CEEDP0088:
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JEL Classification: J24; J31


Tags: human capital; returns to schooling; firm-based training; ability bias


This paper has been published as:
Scandinavian Journal of Economics, 110(4), pp.733-753, 2008
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CEP Discussion Paper
Optimal External Debt and Default Bernardo Guimaraes
February 2008
Paper No' CEPDP0847:
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JEL Classification: F3; F4; G1


Tags: sovereign debt; default; capital flows; optimal contract; world interest rates

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CEP Discussion Paper
Innovation in Business Groups Sharon Belenzon and Tomer Berkovitz
November 2007
Paper No' CEPDP0833:
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JEL Classification: G34; L22; L26; O32


Tags: business groups; innovation; internal capital markets

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CEP Discussion Paper
Measuring Organization Capital in Japan: An Empirical Assessment Using Firm-Level Data YoungGak Kim and Tsutomu Miyagawa
August 2007
Paper No' CEPDP0817:
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JEL Classification: L21; L23; L25


Tags: adjustment cost of investment; intangible asset; organizational capital; tobin's q; total factor productivity.

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CEP Discussion Paper
The Long-Term Consequences of Regional Specialization Guy Michaels
December 2006
Paper No' CEPDP0766:
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JEL Classification: J24; O18; O33; Q33; R11


Tags: specialization; growth; human capital; petroleum

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CEP Discussion Paper
American Economic Development Since the Civil War or the Virtue of Education Fabrice Murtin
December 2006
Paper No' CEPDP0765:
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JEL Classification: D31; E27; F02; N00; O40.


Tags: unified growth theory; human capital; technological progress; inequality and growth

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CEP Discussion Paper
International Financial Integration and Entrepreneurship Laura Alfaro and Andrew Charlton
October 2006
Paper No' CEPDP0755:
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JEL Classification: F21; F23; F35; G15; G18; O19


Tags: international financial integration; capital mobility; entrepreneurship; firm entry; capital controls; foreign direct investment

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CEP Discussion Paper
Capital Markets, Ownership and Distance Wendy Carlin, Andrew Charlton and Colin Mayer
August 2006
Paper No' CEPDP0744:
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JEL Classification: F21; G31


Tags: investment; internal capital markets; foreign ownership

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CEP Discussion Paper
The Marginal Product of Capital Francesco Caselli and James Feyrer
August 2006
Paper No' CEPDP0735:
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JEL Classification: E22; O11; O16; O41


Tags: investment; capital flows

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CEP Discussion Paper
Ex Post Versus Ex Ante Measures of the User Cost of Capital Nicholas Oulton
July 2005
Paper No' CEPDP0698:
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JEL Classification: O470; E010; C430; E220


Tags: user cost; capital; ex post; ex ante; growth accounting

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CEP Discussion Paper
Profit Share and Returns on Capital Stock in Italy: the Role of Privatisations behind the Rise of the 1990s Roberto Torrini January 2005
Paper No' CEPDP0671:
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JEL Classification: E25; E22; E24; L32; L33; J30


Tags: factor shares; returns on capital; privatisations

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CEP Discussion Paper
Accounting for Cross-Country Income Differences Francesco Caselli
January 2005
Paper No' CEPDP0667:
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JEL Classification: D31; O15; O19; M00; M41


Tags: income variance; capital; development accounting

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CEP Discussion Paper
Productivity Growth and Employment: Theory and Panel Estimates Christopher A. Pissarides and Giovanna Vallanti
December 2004
Paper No' CEPDP0663:
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JEL Classification: E24; J64; O51; O52


Tags: tfp growth; employment; creative destruction; capitalization effect; unemployment dynamics; embodied technology

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CEP Discussion Paper
Financial Globalization and Exchange Rates Philip R. Lane and G Milesi-Feretti
December 2004
Paper No' CEPDP0662:
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JEL Classification: F31; F32


Tags: financial integration; capital flows; external assets and liabilities

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CEP Discussion Paper
Labor Market Institutions, Wages and Investment Jörn-Steffen Pischke
September 2004
Paper No' CEPDP0652:
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JEL Classification: E22; E24; J23; J24; J31


Tags: frictional labor markets; human capital; changes in wage inequality


This paper has been published as:
CESifo Economic Studies 51, 1/2005, pp.47-75
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CEP Discussion Paper
Is There an Impact of Household Computer Ownership on Children's Educational Attainment in Britain? John Schmitt and Jonathan Wadsworth March 2004
Paper No' CEPDP0625:
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JEL Classification: I2; J2; J13; J24


Tags: human capital; economic impact; personal computers

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CEP Discussion Paper
Communication Externalities in Cities Sylvie Charlot and Gilles Duranton
November 2003
Paper No' CEPDP0592:
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JEL Classification: J31; R19; R29


Tags: human capital; cities; communication externalities

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CEP Discussion Paper
Distance, Skill Deepening and Development: Will Peripheral Countries Ever Get Rich? Stephen Redding and Peter K. Schott
June 2003
Paper No' CEPDP0572:
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JEL Classification: F12;F14;O10


Tags: economic geography; human capital; international inequality; international trade

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CEP Discussion Paper
Minimum Wages and On-the-Job Training Daron Acemoglu and Jörn-Steffen Pischke
April 2002
Paper No' CEPDP0527:
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JEL Classification: J24;J31;J41


Tags: imperfect labor markets; low wage workers; general human capital; firm sponsored training


This paper has been published as:
Research in Labor Economics 22, 2003, pp.159-202
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CEP Discussion Paper
The Promise of Workplace Training for Non-College Bound Youth: Theory and Evidence from German Apprenticeship Damon Clark and René Fahr March 2002
Paper No' CEPDP0518:
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JEL Classification: C29;J24;J31;J62


Tags: german apprenticeship training; human capital; occupational mobility; wages.

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CEP Discussion Paper
Whence Reform? A Critique of the Stiglitz Perspective M Dabrowski, Stanislaw Gomulka and J Rostowski
September 2000
Paper No' CEPDP0471:
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Tags: transition from communism; capitalism; china; russia; joseph stiglitz; clean slate policy; social capital

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CEP Discussion Paper
Mapping the Two Faces of R&D: Productivity Growth in a Panel of OECD Industries Rachel Griffith, Stephen Redding and John Van Reenen May 2000
Paper No' CEPDP0458:
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Tags: r and d; human capital; total factor productivity; convergence