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The winners of the 2019 WTO Essay Award for Young Economists are Jan Bakker of Oxford University and Federico Huneeus of Princeton University, who were ranked in equal first place by the Selection Panel. They will share ... Read more...
12 September 2019
What is the mechanism of the impact of the size of a native city on an individual's adult income? A general "level solidification" is obviously not fully explained. Therefore, the two authors of the above study, French e... Read more...
20 August 2019
That's the question at the heart of a new study published in the Journal of Urban Economics. In the study, economists Cleement Bosquet of the University of Cergy-Pontoise in France and Henry G. Overman of the London Scho... Read more...
30 July 2019
A study conducted by researchers at Princeton University showed that a higher income increased the level of happiness, but only up to a salary of about $ 75,000 (or just under $ 70,000) a year. And after? Afte... Read more...
30 May 2018
Richard Layard, a follower of a welfarist and hedonistic approach, shows that the level of happiness felt is relative (the perception that I have of my own income depends on the income of others), adaptive (th... Read more...
29 May 2018
Pawel Bukowski (LSE) about the research presented at the IBS seminar “(Un)equal wages, incomes and wealth in Poland?” (Warsaw, 23/10/2017). ... Read more...
12 April 2018
Numbers bear out this pessimism. As economist Raj Chetty explained in a 2016 lecture at the London School of Economics, the probability of a child born to parents in the bottom fifth of the incomes reaching th... Read more...
28 March 2018
JOANNE MYERS: Welcome to this podcast, which is coming to you from the Carnegie Council in New York City. I'm Joanne Myers, director of Public Affairs programs here at the Council. Today I have the pleasur... Read more...
19 March 2018
Plausibility of the idea is a matter of debate. Branko Milanovic, a scholar on income inequality, and Dean Baker, an economist at the Center for Economic and Policy Research, believe the plan is realistic give... Read more...
07 March 2018
“Money can’t buy me love,” sang The Beatles, although it is doubtful that this was a rigorous empirical claim. Still, nobody disputes that there’s more to life than money and a new book... Read more...
23 February 2018
The Stanford professor and economist Nicholas Bloom brought up the potential for fraud, adding that government enforcement would be difficult. ... Read more...
21 February 2018
But more recently, that premium has shrunk to just 20 per cent, Stansford University economist Nicholas Bloom and his co-authors found in an analysis of millions of federal income data from the late 1970s thro... Read more...
11 January 2018
This was about where things stood 30 years ago, when Richard Layard, a British economist now ennobled as Baron Layard of Highgate, began promoting a radical doctrine. Maybe, he posited, the time had come to ta... Read more...
01 January 2018
'The Origins of Happiness' by by Andrew E. Clark, Sarah Flèche, Richard Layard, Nattavudh Powdthavee, and George Ward (Jan. 16) The authors behind "The Origins of Hap... Read more...
31 December 2017
While there could be many factors hobbling innovation, findings of a recent study by Alex Bell, Raj Chetty, Xavier Jaravel, Neviana Petkova, and John Van Reenen—who are associated with various American i... Read more...
29 December 2017
It is no secret that innovation is a powerful driver of growth in any modern economy. How does a country promote innovation activity? A recent study by economists Alex Bell, Raj Chetty, Xavier Jaravel, Neviana... Read more...
25 December 2017
In accordance with the theory of skill-biased technological change, many researchers are convinced that automation predominantly threatens low-skilled workers, who are at risk of being substituted for intellig... Read more...
19 December 2017
Money does not give happiness, but it does help. The economist Richard Layard maintains in his book Happiness: Lessons from a New Science, that a person must collect, at least, 20,000 gross euros a year to fee... Read more...
How about the notion that smarts determine life success? That idea too has come under assault from recent research. A recent paper by economists Alex Bell, Raj Chetty, Xavier Jaravel, Neviana Petkova, and John... Read more...
12 December 2017
At nearly 326,000, the number of new U.S. patents has more than doubled from 2005 to 2015. But in every year since 2008, the patents granted to foreign inventors have outpaced those of U.S. inventors... Read more...
11 December 2017
There’s a lot of inequality affecting where innovation comes from, according to a new study from the Equality of Opportunity Project. “There are very large gaps in innovation by income, race, and g... Read more...
05 December 2017
The discrepancy in who gets patents is not the result of innate abilities, Chetty and his team, Alex Bell of Harvard, Xavier Jaravel of the London School of Economics, Neviana Petkova of the U.S. Treasury Depa... Read more...
04 December 2017
New research from Raj Chetty and his Equality of Opportunity team shows a significant amount of inequality in innovation. Even controlling for ability, their results show that there is less patenting from low-... Read more...
The study, undertaken by Chetty along with Alex Ball of Harvard, Xavier Jaravel of the London School of Economics, Neviana Petkova of the US Treasury, and John Van Reenen of MIT, is unique due to its ability ... Read more...
…For this reason, societies have a big interest in making sure that as many people as possible have the opportunity to become scientists, inventors and entrepreneurs. It’s not only a matter of fai... Read more...
03 December 2017
In 2005, another Richard, the delicious British baron Layard, explained that "when a country has more than $ 15,000 per capita, its level of happiness seems independent of its per capita income. What is t... Read more...
23 November 2017
People prefer happiness to income, children, career and education, but being healthy trumps it all, writes Paul Dolan. ... Read more...
07 November 2017
It was a book that sparked him in 2005, "which absolutely fascinated me," titled "The Happy Company" by British economist and author Sir Richard Layard. Especially a caricature in it gave h... Read more...
28 October 2017
In a well-functioning economy, workers are rewarded for their productivity. As output, jobs and hours worked rise, so does income. Over the past two years, that seems to be exactly what’s happening. T... Read more...
18 September 2017
17 September 2017
In a well-functioning economy, workers are rewarded for their productivity. As output, jobs and hours worked rise, so does income. Over the past two years, that seems to be exactly what’s happening. The ... Read more...
15 September 2017
Paul Cheshire, professor of economic geography at the London School of Economics, says that a house price correction, or significant fall in prices, is likely within the next two or three years. This is partly... Read more...
14 July 2017
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10 July 2017
Snippet: ... signs of faltering market with a slight drop in house prices month on month quarter-on-quarter but they're still up on a year ago a man quoted in many areas house prices crash stories was Prof... Read more...
09 July 2017
Article by Nicholas Bloom Translating the economic principles into common language is the passion of Nicholas Bloom, who describes his work as "bar economics" or "concepts that I can explain ... Read more...
05 June 2017
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 L... Read more...
06 January 2017
This article was based on the research of Luis Garicano and Thomas N. Hubbard. Rising income inequality in the U.S. may seem like a 21st-century preoccupation, as workers agitate to ''occupy Wall Street'' from the left ... Read more...
16 October 2016
...UK-wide, we have increased our school leaver intake by 47 per cent because we have already started to see the positive results that increased social mobility and diversity can have on both your bottom line and wider ... Read more...
25 August 2016
And if income inequality were not related to our kind, our ethnicity or our level of education, but rather to our workplace? Some employers pay better than others. And the gap between those who pay well and those who pay... Read more...
21 July 2016
Article by Erling Barth, Alex Bryson, James Davis and Richard Freeman Income inequality has risen throughout the advanced world. Various explanations have been suggested for this, but these tend to focus on who you are.... Read more...
18 July 2016
Wage inequality was partly behind the vote for Brexit. In this video, Brian Bell argues that the consequences of Brexit should be evaluated across the income distribution. This video is part of the ''Econ after Brexit'' ... Read more...
14 July 2016
Rising income inequality in the U.S. may seem like a 21st-century preoccupation, as workers agitate to ''occupy Wall Street'' from the left and to ''make America great again'' from the right. But the wage gap separating ... Read more...
05 July 2016
Labour MPs now walk around saying that immigration reduces domestic wages, that the rich man has got a cheaper plumber, but the indigenous plumber has had to reduce his fees. Usually this argument is framed as an assault... Read more...
25 June 2016
The parallels between Brexit backers and Trumps supporters is clear. Trump's campaign targets manufacturing towns across America, frequently expressing the need to reject globalism and put ''America first''. In Britain, ... Read more...
24 June 2016
The economic consequences of leaving the EU have been a central focus of the referendum campaign. As June 23 draws near, Jagjit Chadha, Paul Johnson and John Van Reenen bring together the conclusions from their research ... Read more...
21 June 2016
Financial engineering has created a rentier class, a modern feudal system, and the biggest beneficiaries of all that extra debt have been the bankers. John Van Reenen and Brian Bell, of the Centre for Economic Performanc... Read more...
11 June 2016
Middle and low income households will be poorer because of Brexit - not just the rich, write Holger Breinlich, Swati Dhingra, Thomas Sampson and John Van Reenen. This article was published online by the LSE Business Re... Read more...
02 June 2016
Perhaps the most overlooked aspect of economic inequality has been the role that firms play in it. It's safe to say that a significant part of the growing gap in how well different firms pay can be attributed to the lat... Read more...
11 May 2016
A leaflet being sent out by Britain Stronger in Europe says: ''Jobs at risk, higher prices and your family worse off by at least £850 a year if we leave Europe.'' Is that figure true? The £850 per household ... Read more...
13 April 2016
Brexit will affect British trade and living standards Article by Swati Dhingra, Hanwei Huang, Gianmarco Ottaviano, Thomas Sampson and John Van Reenen Smaller turnover in foreign trade in the wake of weaker integration ... Read more...
12 April 2016
Cornell's Richard Burkhauser has co-authored (with Jan-Emmanuel De Neve and Nattavudh Powdthavee of CEP) a research paper that contends a person's satisfaction drops as the percentage of overall income held by the very r... Read more...
06 April 2016
Leaving the EU would cost UK households at least £850 a year each, according to research that prompted a furious response from Brexit supporters on Friday. The economists at the Centre for Economic Performance at t... Read more...
18 March 2016
The UK leaving the European Union would knock £850 off the average UK household's income, according to a report from the Centre for Economic Performance (CEP) at the London School of Economics. And that's its concl... Read more...
The SDSN is pleased to present the 2016 World Happiness Report in two volumes - the 2016 Update and the Special Rome Edition, including an update on national rankings and new analyses. A key focus this year is on the in... Read more...
16 March 2016
In an article entitled 'Be happy, pay more to the taxman', Professor Richard Layard argues that it is the income gap, rather than total wealth that is most pertinent to people's happiness. Studies show, writes Layard, th... Read more...
08 March 2016
Article by Jan-Emmanuel De Neve and Nick Powdthavee Despite growing concern over the economic and social implications of the increasing concentration of wealth among a wealthy elite, we continue to know very little abou... Read more...
16 February 2016
The size of the current account deficit and the UK's reliance on household consumption are among the main worries for Britain's leading economists. John van Reenen, Director, Centre for Economic Performance: First... Read more...
03 January 2016
Robert Peston speaks to Gabriel Zucman and other policymakers and opinion shapers, discussing inequality in the US and around the globe. The programme was broadcast by the BBC World Service on March 4, 2015 Link to... Read more...
04 March 2015
Britain's recovery is secure and will continue at a good pace in 2015 even if growth is likely to be a bit weaker than last year, economists said in one of their most optimistic assessments since the financial crisis. ... Read more...
01 January 2015
New research linking democracy and wellbeing suggests that men growing up in a democracy are likely to be taller than those who spend the first 20 years of their lives in a communist regime. The link is related to good n... Read more...
21 November 2014
Blog article by David Metcalf Wealthy foreigners looking for a quick way to get permanent residence in the UK can take the 'investor route'. David Metcalf explains how simple reforms to the system, including visa auctio... Read more...
03 November 2014