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CEP Papers: 2017

SERC/Urban and Spatial Programme Discussion Paper
Matching Firms and Workers in a Field Experiment in Ethiopia Girum Abebe, Stefano Caria, Marcel Fafchamps, Paolo Falco, Simon Franklin, Simon Quinn and Forhad Shilpi October 2017
Paper No' SERCDP0225:
Read Abstract | Full Paper (pdf)

JEL Classification: O18; J22; J24; J61; J64


Tags: matching; labour; job-search; firms; recruitment; experiment

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CEP Discussion Paper
The Productivity Slowdown and the Declining Labor Share: A Neoclassical Exploration Gene M. Grossman, Elhanan Helpman, Ezra Oberfield and Thomas Sampson October 2017
Paper No' CEPDP1504:
Read Abstract | Full Paper (pdf)

JEL Classification: O40; E25


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

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CEP Discussion Paper
Risk-Based Selection in Unemployment Insurance: Evidence and Implications Camille Landais, Arash Nekoei, Peter Nilsson, David Seim and Johannes Spinnewijn October 2017
Paper No' CEPDP1503:
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JEL Classification: H40; J65


Tags: adverse selection; unemployment insurance; mandate; subsidy

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CEP Discussion Paper
Efficiency in Large markets with Firm Heterogeneity Swati Dhingra and John Morrow
October 2017
Paper No' CEPDP1502:
Read Abstract | Full Paper (pdf)

JEL Classification: F1; L1; D6


Tags: efficiency; productivity; limit theorem; market expansion; competition

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CEP Discussion Paper
The End of Free College in England: Implications for Quality, Enrolments and Equity Richard Murphy, Judith Scott-Clayton and Gill Wyness October 2017
Paper No' CEPDP1501:
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JEL Classification: I22; I23; I28


Tags: higher education; financial aid; tuition fees; inequality

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SERC/Urban and Spatial Programme Discussion Paper
Anonymity or Distance? Job Search and Labour Market Exclusion in a Growing African City Girum Abebe, Stefano Caria, Marcel Fafchamps, Paolo Falco, Simon Franklin and Simon Quinn October 2017
Paper No' SERCDP0224:
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JEL Classification: O18; J22; J24; J61; J64; M53

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SERC/Urban and Spatial Programme Discussion Paper
Decomposing the Impact of Immigration on House Prices Rosa Sanchis-Guarner
September 2017
Paper No' SERCDP0223:
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JEL Classification: J61; R12; R21


Tags: immigration; housing; spain; instrumental variables

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CEP Discussion Paper
Healthy Business? Managerial Education and Management in Healthcare Nicholas Bloom, Renata Lemos, Raffaella Sadun and John Van Reenen September 2017
Paper No' CEPDP1500:
Read Abstract | Full Paper (pdf)

JEL Classification: M1; I1


Tags: management; hospitals; mortality; education

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CEP Special Report
Brexit and the Future of Globalization? John Van Reenen
September 2017
Paper No' CEPSP35:
Read Abstract | Full Paper (pdf)

JEL Classification: D92; E22; D8; C23


Tags: brexit; globalization; populism

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CEP Discussion Paper
Brexit: The Economics of International Disintegration Thomas Sampson
September 2017
Paper No' CEPDP1499:
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JEL Classification: F1; F5; F6


Tags: brexit; european union; trade agreements; quantitative trade models; globalization

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SERC/Urban and Spatial Programme Discussion Paper
Planning Ahead for Better Neighborhoods: Long Run Evidence from Tanzania Neeraj Baruah, Amanda Dahlstrand-Rudin, Guy Michaels, Dzhamilya Nigmatulina, Ferdinand Rauch and Tanner Regan September 2017
Paper No' SERCDP0222:
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JEL Classification: R31; O18; R14


Tags: urban economics; economic development; slums; africa

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CEP Discussion Paper
Equity Crowdfunding and Early Stage Entrepreneurial Finance: Damaging or Disruptive? Saul Estrin, Daniel Gozman and Susanna Khavul September 2017
Paper No' CEPDP1498:
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JEL Classification: G3; G21; L26; M21


Tags: equity crowdfunding; early stage entrepreneurial finance; financial regulation; investor choices

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CEP Special Report
Industry in Britain - An Atlas Sandra Bernick, Richard Davies and Anna Valero
September 2017
Paper No' CEPSP34:
Read Abstract | Full Paper (pdf)
| Maps (pdf)

JEL Classification: R12;O25;O52


Tags: productivity; business performance; regional disparities; uk economy; industrial strategy

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CEP Discussion Paper
Robot Arithmetic: Can New Technology Harm All Workers or the Average Worker? Francesco Caselli and Alan Manning
September 2017
Paper No' CEPDP1497:
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JEL Classification: J31; O33


Tags: technology; wages

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SERC/Urban and Spatial Programme Discussion Paper
Do Speed Cameras Save Lives? Cheng Keat Tang
September 2017
Paper No' SERCDP0221:
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JEL Classification: H23; I18; R41


Tags: accidents; injuries; fatalities; speed camera; speeding

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CEP Discussion Paper
Are Ideas Getting Harder to Find? Nicholas Bloom, Charles I Jones, John Van Reenen and Michael Webb
September 2017
Paper No' CEPDP1496:
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Tags: economic growth; ideas; research effort; research productivity

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SERC/Urban and Spatial Programme Discussion Paper
Housing Allowance and Rents: Evidence from a Stepwise Subsidy Scheme Essi Eerola and Teemu Lyytikäinen
August 2017
Paper No' SERCDP0220:
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JEL Classification: H22


Tags: housing demand subsidies; housing allowance; incidence; rents

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SERC/Urban and Spatial Programme Discussion Paper
Social Tenants' Health: Evaluating the Effectiveness of Landlord Interventions Paul Cheshire, Stephen Gibbons and Jemma Mouland August 2017
Paper No' SERCDP0219:
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JEL Classification: I18; C93; R29


Tags: randomised control trial; social housing; health interventions

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CEP Discussion Paper
Goods and Factor Market Integration: A Quantitative Assessment of the EU Enlargement Lorenzo Caliendo, Luca David Opromolla, Fernando Parro and Alessandro Sforza August 2017
Paper No' CEPDP1494:
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JEL Classification: F16; F22; F13; J61; R13; E24


Tags: international trade; factor mobility; market integration; eu enlargement; welfare

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SERC/Urban and Spatial Programme Discussion Paper
The Local Economic Impacts of Regeneration Projects: Evidence from UK's Single Regeneration Budget Stephen Gibbons, Henry Overman and Matti Sarvimäki August 2017
Paper No' SERCDP0218:
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JEL Classification: R11; J08; H50


Tags: single regeneration budget; regeneration; employment; neighbourhoods; urban policy

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CEP BREXIT Analysis
The Local Economic Effects of Brexit Swati Dhingra, Stephen Machin and Henry G. Overman
July 2017
Paper No' CEPBREXIT10:
Read Abstract | Press Release | Full Paper (pdf)

Tags: brexit; trade; uk economy; uk politics; north and south divide; uk living standards; local authorities

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SERC/Urban and Spatial Programme Discussion Paper
The Energy Costs of Historic Preservation Christian A. L. Hilber, Charles Palmer and Edward W. Pinchbeck
July 2017
Paper No' SERCDP0217:
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JEL Classification: Q48; Q54; R38; R52


Tags: preservation policies; land use regulation; energy efficiency; energy consumption; climate change

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CEP Discussion Paper
The Long-Lasting Effects of Family and Childhood on Adult Wellbeing: Evidence from British Cohort Data Andrew E. Clark, Sarah Flèche and Warn N. Lekfuangfu July 2017
Paper No' CEPDP1493:
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JEL Classification: A12; D60; I31


Tags: life satisfaction; cohort data; childhood; adult outcomes

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CEP Discussion Paper
Specialization in Bank Lending: Evidence from Exporting Firms Daniel Paravisini, Veronica Rappoport and Philipp Schnabl
July 2017
Paper No' CEPDP1492:
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JEL Classification: F14; F34; G21


Tags: banking; export finance; specialization

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CEP Discussion Paper
The Labor Market Effects of Refugee Waves: Reconciling Conflicting Results Michael A. Clemens and Jennifer Hunt
July 2017
Paper No' CEPDP1491:
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JEL Classification: J61; O15; R23


Tags: refugees; immigration; instrumental variables

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CEP Discussion Paper
The Economic Functioning of Online Drugs Markets V. Bhaskar, Robin Linacre and Stephen Machin
July 2017
Paper No' CEPDP1490:
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JEL Classification: K42


Tags: dark web; drugs

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CEP Discussion Paper
War, Migration and the Origins of the Thai Sex Industry Abel Brodeur, Warn N. Lekfuangfu and Yanos Zylberberg
July 2017
Paper No' CEPDP1489:
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JEL Classification: O17; O18; N15; J46; J47; I28


Tags: persistence; industry location; sex industry; hiv; aids

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CEP Discussion Paper
The Great Divergence(s) Giuseppe Berlingieri, Patrick Blanchenay and Chiara Criscuolo
June 2017
Paper No' CEPDP1488:
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JEL Classification: D2; J3


Tags: dispersion; productivity; sorting; wages

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CEP Discussion Paper
UK Trade and FDI: A Post-Brexit Perspective Swati Dhingra, Gianmarco Ottaviano, Veronica Rappoport, Thomas Sampson and Catherine Thomas June 2017
Paper No' CEPDP1487:
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JEL Classification: F02; F13


Tags: brexit; uk trade; uk fdi; negotiations

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SERC/Urban and Spatial Programme Discussion Paper
The Compact City in Empirical Research: A Quantitative Literature Review Gabriel M. Ahfeldt and Elisabetta Pietrostefani
June 2017
Paper No' SERCDP0215:
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JEL Classification: R38; R52; R58


Tags: compact; city; density; meta-analysis; sustainability; urban

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CEP Discussion Paper
Evaluating Market Consolidation in Mobile Communications Christos Genakos, Tommaso Valletti and Frank Verboven
June 2017
Paper No' CEPDP1486:
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JEL Classification: K20; L10; L40; L96


Tags: mobile telecommunications; market structure; prices; investments; mergers

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CEP Discussion Paper
The Key Determinants of Happiness and Misery Andrew E. Clark, Sarah Flèche, Richard Layard, Nattavudh Powdthavee and George Ward June 2017
Paper No' CEPDP1485:
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JEL Classification: I31; I10


Tags: happiness; subjective wellbeing; life satisfaction; government; mental health

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CEP Election Analysis
Brexit and the UK Economy Swati Dhingra and Thomas Sampson
May 2017
Paper No' CEPEA040:
Read Abstract | | Press Release(pdf) Full Paper (pdf)

Tags: brexit; economy; eu; single market


Download Press Release
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CEP Election Analysis
Immigration and the UK Economy Jonathan Wadsworth
May 2017
Paper No' CEPEA039:
Read Abstract | | Press Release(pdf) Full Paper (pdf)
| Technical Paper (pdf)

Tags: immigration; eu countries; economy; brexit


Download Press Release
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SERC/Urban and Spatial Programme Discussion Paper
New Road Infrastructure: The Effects on Firms Stephen Gibbons, Teemu Lyytikäinen, Henry Overman and Rosa Sanchis-Guarner
May 2017
Paper No' SERCDP0214:
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JEL Classification: D24; O18; R12


Tags: productivity; employment; accessibility; transport

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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 Real Wages Update
The Return of Falling Real Wages David Blanchflower, Rui Costa and Stephen Machin
May 2017
Paper No' CEPRWU006:
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Tags: real wages; wages; growth

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SERC/Urban and Spatial Programme Discussion Paper
Using Micro-Geography Data to Identify Town-Centre Space in Great Britain Paul Cheshire, Christian Hilber, Piero Montebruno and Rosa Sanchis-Guarner May 2017
Paper No' SERCDP0213:
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JEL Classification: L81; R12; R52


Tags: town centre; planning; retail sector; land use

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CEP Discussion Paper
The Fall of the Labor Share and the Rise of Superstar Firms David Autor, David Dorn, Lawrence F. Katz, Christina Patterson and John Van Reenen May 2017
Paper No' CEPDP1482:
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JEL Classification: J3


Tags: labour share; concentration; superstar firms

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CEP Discussion Paper
International Expansion and Riskiness of Banks Irene Sanchez Arjona, Ester Faia and Gianmarco Ottaviano
April 2017
Paper No' CEPDP1481:
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JEL Classification: F23; F65; G21; G32


Tags: banks' risk; systemic risk; global expansion; diversification; regulation

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CEP Discussion Paper
Who Voted for Brexit? A Comprehensive District-Level Analysis Sascha O. Becker, Thiemo Fetzer and Dennis Novy
April 2017
Paper No' CEPDP1480:
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JEL Classification: D72; N44; R23; Z13


Tags: political economy; voting; referendum; migration; austerity

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CEP Discussion Paper
Turbulence, Firm Decentralization and Growth in Bad Times Philippe Aghion, Nicholas Bloom, Brian Lucking, Raffaella Sadun and John Van Reenen April 2017
Paper No' CEPDP1479:
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JEL Classification: O31; 032; 033; F23


Tags: decentralization; growth; turbulence; great recession

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CEP Discussion Paper
The Costs and Benefits of Leaving the EU: Trade Effects Swati Dhingra, Hanwei Huang, Gianmarco I. P. Ottaviano, Joao Paulo Pessoa, Thomas Sampson and John Van Reenen April 2017
Paper No' CEPDP1478:
Read Abstract | Full Paper (pdf)

JEL Classification: F13;F15;F17


Tags: trade; brexit; general equilibrium

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CEP Discussion Paper
What’s in a Name? Expectations, Heuristics and Choice During a Period of Radical School Reform Marco Bertoni, Stephen Gibbons and Olmo Silva April 2017
Paper No' CEPDP1477:
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JEL Classification: I21; H75; C23; D03


Tags: school reform; choice and autonomy; parental preferences; heuristic-based decision making

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CEP Discussion Paper
The Political Legacy of Entertainment TV Ruben Durante, Paolo Pinotti and Andrea Tesei
April 2017
Paper No' CEPDP1475:
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JEL Classification: L82; D72; Z13


Tags: entertainment tv; voting; cognitive abilities; civic engagement

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CEP Discussion Paper
Happiness at Work Jan-Emmanuel De Neve and George Ward
March 2017
Paper No' CEPDP1474:
Read Abstract | Full Paper (pdf)

JEL Classification: I31


Tags: subjective wellbeing; employment; job type; job characteristics

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CEP Discussion Paper
Is Distance Dead? Face-to-Face Communication and Productivity in Teams Diego Battiston, Jordi Blanes i Vidal and Tom Kirchmaier March 2017
Paper No' CEPDP1473:
Read Abstract | Full Paper (pdf)

JEL Classification: D23; M11


Tags: teamwork; face-to-face communication; distance; organisations

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CEP Discussion Paper
Global Banking: Risk Taking and Competition Ester Faia and Gianmarco Ottaviano
March 2017
Paper No' CEPDP1471:
Read Abstract | Full Paper (pdf)

JEL Classification: G21; G32; L13


Tags: global bank; oligopoly; oligopsony; endogenous risk taking; expectation of rents extraction; appetitefor leverage

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CEP Discussion Paper
What Drives Differences in Management? Nicholas Bloom, Erik Brynjolfsson, Lucia Foster, Ron Jarmin, Megha Patnaik, Itay Saporta-Eksten and John Van Reenen March 2017
Paper No' CEPDP1470:
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JEL Classification: L2; M2; O32; O33


Tags: management; productivity; competition; learning

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CentrePiece Article
Does teacher turnover affect young people's academic achievement? Steve Gibbons, Vincenzo Scrutinio and Shqiponja Telhaj
March 2017
Paper No' CEPCP500:
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CentrePiece 22 (1) Spring 2017


Tags: teacher turnover; student performance

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CentrePiece Article
Superstar houses and the American mortgage frenzy Clement Bellet
March 2017
Paper No' CEPCP498:
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CentrePiece 22 (1) Spring 2017


JEL Classification: D01; D03; I30; R20


Tags: inequality; social preferences; subjective well-being; housing; household debt

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CentrePiece Article
Origins of happiness Andrew Clark, Sarah Flèche, Richard Layard, Nattavudh Powdthavee and George Ward
March 2017
Paper No' CEPCP497:
Read Abstract | Full Paper (pdf)

CentrePiece 22 (1) Spring 2017


Tags: happiness; wellbeing; government; mental health

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CEP Discussion Paper
Multi-Product Firms and Product Quality Kalina Manova and Zhihong Yu
February 2017
Paper No' CEPDP1469:
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JEL Classification: D22; F10; F12; F14; L10; L11; L15


Tags: trade; trade reforms; multi-product firms; product quality; export prices

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SERC/Urban and Spatial Programme Discussion Paper
Distributive Politics Inside the City? The Political Economy of Spain's Plan E Felipe Carozzi and Luca Repetto
February 2017
Paper No' SERCDP0212:
Read Abstract | Full Paper (pdf)

JEL Classification: R53; H76; D72


Tags: political economy; distributive politics; core voters; turnout; partisan alignment

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CEP Discussion Paper
Quality in Early Years Settings and Children’s School Achievement Jo Blanden, Kirstine Hansen and Sandra McNally
February 2017
Paper No' CEPDP1468:
Read Abstract | Full Paper (pdf)

JEL Classification: J13; I20


Tags: childcare quality; educational attainment

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CEP Discussion Paper
Parental Sleep and Employment: Evidence from a British Cohort Study Joan Costa-Font and Sarah Flèche
February 2017
Paper No' CEPDP1467:
Read Abstract | Full Paper (pdf)

JEL Classification: J13; J22; I18; J28


Tags: child sleep; sleep; maternal employment; working hours; job satisfaction; alspac

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SERC/Urban and Spatial Programme Discussion Paper
Airports, Market Access and Local Economic Performance: Evidence from China Stephen Gibbons and Wenjie Wu
February 2017
Paper No' SERCDP0211:
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JEL Classification: H54; O21; P25; R41


Tags: airports; infrastructure; productivity; china

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SERC/Urban and Spatial Programme Discussion Paper
The Economic Effects of Density: A Synthesis Gabriel M. Ahlfeldt and Elisabetta Pietrostefani
January 2017
Paper No' SERCDP0210:
Read Abstract | Full Paper (pdf)

JEL Classification: R38; R52; R58


Tags: compact; city; density; meta-analysis; elasticity; urban

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CEP Discussion Paper
Home Ownership and Social Mobility Jo Blanden and Stephen Machin
January 2017
Paper No' CEPDP1466:
Read Abstract | Full Paper (pdf)

JEL Classification: R31; J11; J62


Tags: housing; intergenerational mobility; cohorts

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CEP Discussion Paper
Tenure in Office and Public Procurement Decio Coviello and Stefano Gagliarducci
January 2017
Paper No' CEPDP1465:
Read Abstract | Full Paper (pdf)

JEL Classification: D44; D72; D73; H57; H70


Tags: tenure in office; procurement auctions; public works; term limit

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CEP Discussion Paper
Fertility and Mothers' Labor Supply: New Evidence Using Time-to-Conception Claudia Hupkau and Marion Leturcq
January 2017
Paper No' CEPDP1463:
Read Abstract | Full Paper (pdf)

JEL Classification: J13; J21; J22


Tags: labor force supply of women; infertility shocks; time-to-conception; causal impact

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CEP Discussion Paper
The Paradox of the Joneses: Superstar Houses and Mortgage Frenzy in Suburban America Clement Bellet
January 2017
Paper No' CEPDP1462:
Read Abstract | Full Paper (pdf)

JEL Classification: D01; D03; I30; R20


Tags: inequality; social preferences; subjective well-being; housing; household debt