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Congratulations to Daniel Chandler who has been awarded the 2024 Voltaire Lecture Medal for his work on how to create a fair society. Chandler, research director of the LSE’s Programme on Cohesive Capitalism and a... Read more...
12 September 2024
Daniel Chandler writes that to address the vast inequalities in the United States, a fundamental rethink of economic institutions and the values that guide them is needed. ... Read more...
14 May 2024
High energy prices are causing problems, as are the consequences of the Covid pandemic and the effects of Brexit. But research by the Resolution Foundation and the Center for Economic Performance suggests the causes of t... Read more...
15 July 2022
The Power of Creative Destruction has been chosen by The Economist as one of its best books of 2021.The book, by Philippe Aghion, Céline Antonin and Simon Bunel, is described by the magazine as "sweeping, aut... Read more...
17 December 2021
COVID-19 was the great equaliser, it was claimed during the early days of the pandemic. Lee Elliot Major explains that the virus didn't care whether you were rich or poor. We were all in it together. ... Read more...
25 September 2020
Top incomes have grown rapidly in recent decades and this growth has sparked a debate about rising inequality in Western societies. Felix Koenig et al investigate whether migration can account for the maj... Read more...
17 September 2020
Why we need to do something about the monopsony power of employers - Alan Manning writes about how monopsony lowers worker mobility and wages, in this new blog article at LSE. ... Read more...
26 August 2020
With evidence emerging that Covid-19 is increasing the divide in life chances between rich and poor. Steve Machin and Lee Elliot Major consider reform to avoid a decline in social mobility and e... Read more...
17 July 2020
Interview with Swati Dhingra - industries that have weathered Covid could be hit by Brexit. ... Read more...
14 July 2020
In India, the pandemic reportedly tripled the unemployment rate in just three weeks, and the vast majority of those newly unemployed worked were in the informal sector. The government respo... Read more...
Countries with existing cash-transfer programs can immediately broaden eligibility and increase the size of the benefit. India is doing just that, according to LSE Professor Swati Dhingra. Given the scale of t... Read more...
19 May 2020
There's an opportunity to build a new social contract, tackle inequality, foster innovation and adopt a long-term industrial strategy, write Sam Unsworth and Anna Valero. ... Read more...
18 May 2020
Discussing the potential effects of COVID-19 on housing, Paul Cheshire and Christian Hilber write that real house prices and rents may initially fall. Yet housing will remain unaffordable f... Read more...
06 May 2020
Speaking to Econ Films’ CoronaNomics show Lord Gus O’Donnell said he feared the impact of the lockdown was undermining the Prime Minister’s ambitions of reducing income and regional... Read more...
School closures during the coronavirus lockdown could leave disadvantaged children six months behind their peers, researchers find. ... Read more...
29 April 2020
Professor Stephen Machin, director of CEP, helps explain how many workers are more vulnerable to the economic fallout from the coronavirus than the record-high employment figures suggest. "The last 12 ... Read more...
06 April 2020
Britain has become much less socially mobile in recent decades, especially in areas that voted for Brexit in 2016, according to a new report by the Centre for Economic Performance at the London School of Economics.... Read more...
21 November 2019
Downward mobility - the phenomenon of children doing less well than their parents - will become a reality for young people today unless society makes dramatic changes, according to two of the UK's leading experts on soci... Read more...
If, as Aiyar and Ebeke argue, low intergenerational mobility is a good proxy for inequality of opportunity, then its steep decline in Britain has alarming implications for the economy. According to researchers at the Uni... Read more...
11 November 2019
New research reports from the Centre for Economic Performance (CEP) at the London School of Economics are highlighted in the Autumn 2019 CentrePiece magazine. As CEP approaches its thirtieth birthday in 202... Read more...
01 November 2019
In Social Mobility and its Enemies, Lee Elliot Major and Stephen Machin offer a thought-provoking assessment of the state of social mobility in Britain. In the context of much social and political change and rising level... Read more...
29 September 2019
Young people from less well-off backgrounds are more likely to pursue lower ranked upper-secondary qualifications than their prior attainment would suggest that they can achieve. Recent research from Konstantina Maragko... Read more...
27 September 2019
Ignore for a moment, the horrendous costs involved in this wholesale re-direction of human work. The question is which jobs are most at risk in which sectors. According to MIT economist David Autor, automation will subst... Read more...
19 September 2019
Work by the OECD and Oxford Martin School also notes widening gaps in productivity and profit mark-ups between the leading businesses and the rest. This suggests weakening competition and rising monopoly rent. Moreover, ... Read more...
18 September 2019
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
Those who are already doing well in world labor markets are able to benefit - or at least to lose less-from disruption. It is those who are not doing so well who find their inferiority of position amplified by occupation... Read more...
30 August 2019
A recent study from the London School of Economics highlights the challenge for those people whose skills become less in demand as a result of economic or technological disruption. They analyze the lifetime earnings of S... Read more...
19 August 2019
Monica Langella and Alan Manning find that high unemployment in an area induces people to move away, and has an even stronger effect on the attractiveness of that area to potential movers. They also find that younger and... Read more...
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In many economies, the popularity of 'atypical employment relationships' is increasing. More and more people are using free time jobs, working on their own, making money through shared services. Economist Nikhil Datta pr... Read more...
26 July 2019
Both Christian Hilber, professor of economic geography at LSE, and Rory Meakin, research fellow at the TaxPayers' Alliance, thought stamp duty hindered some from downsizing and meant larger family homes were generally un... Read more...
23 July 2019
But looking at the details of health-care pricing casts doubt on this explanation. For example, economists Zack Cooper, Stuart Craig, Martin Gaynor and John Van Reenen have uncovered a number of odd anomalies in the way ... Read more...
22 July 2019
A study at the London School of Economics has found that such bans damage local construction and tourism industries. At the same time, outsiders, who are banned from new-build homes, flood the market for older places, pu... Read more...
20 July 2019
By Nikhil Datta, PhD candidate, UCL, and Research Assistant, CEP, LSE. Originally published at VoxEU Is the rise of 'atypical' work arrangements - such as self-employment, freelancing, gig work and zero-hour contracts -... Read more...
19 July 2019
Nikhil Datta Is the rise of 'atypical' work arrangements - such as self-employment, freelancing, gig work and zero-hour contracts - a result of workers wanting such jobs or because they have no other choice? This column... Read more...
Role models matter for innovation too. Research from economists Raj Chetty and John Van Reenen studied the lives of over a million inventors in the US. Using a database that linked patent records to local tax and school ... Read more...
17 July 2019
Freelancers, gig workers and the self-employed like flexibility, but they would much prefer job security, writes Nikhil Datta.... Read more...
16 July 2019
It has become increasingly evident that disparity is linked to life dissatisfaction as discussed in the book The Origins of Happiness by Andrew E Clark, Sarah Fleche, Richard Layard, Nattavudh Pawdthavee, and George Ward... Read more...
10 July 2019
09 July 2019
In the most definitive study to date, published this year in the top-rated Quarterly Journal of Economics, economists Doruk Cengiz and Dube as well as Attila Lindner of University College London and EPI's Zipperer evalua... Read more...
08 July 2019
Properties on the Lockington Crescent estate were on the market for between £4,500 and £7,000 - considerably cheaper than in London, where homes were up to 30% more expensive, according to economic historian ... Read more...
07 July 2019
Nicholas Bloom of Stanford made an analogy with a quite different arena: "Barcelona does not pick its team based on being born in Barcelona—if it did it would not win anything. The ECB should also pick the best." So to... Read more...
05 July 2019
03 July 2019
... and the author of the new research paper, Nikhil Datta. "They value these, and other aspects of job security like sick leave and paid holiday, ... ... Read more...
GIG ECONOMY work is a necessity rather than a choice, and those reliant on it would be willing to earn less in exchange for more job security, according to a study of workers in the UK and the US. The report by the Londo... Read more...
02 July 2019
Freelancers, gig workers and the self-employed like flexibility, but they would much prefer job security, writes Nikhil Datta... Read more...
"Workers like knowing when their next pay check is coming, where it's coming from and how much it will be," said Nikhil Datta, researcher at the ... ... Read more...
Tito Boeri interviews Raghuram G. Rajan With industrialized countries beset by a political backlash against trade, technology, migration, and other hallmarks of the modern global economy, expert solutions are needed now... Read more...
28 June 2019
What about in the UK? Stephen Machin, Jo Blanden and friends pointed out that those born in the 1950s were more socially mobile than those born in the 1970s, who entered the labour market at the UK's peak of inequality. ... Read more...
22 June 2019
Populism has been used by right-wing forces as a lever to undermine the ruling elite, exploiting discontent. The solution? "The European Union now has the task of working on a new idea of sovereignty, which goes beyond n... Read more...
03 June 2019
This article was written by professor Andrew E. Clark (LSE), and professor Conchita D'Ambrosi and Marta Barazzetta, from the University of Luxembourg. A version of this article was first published on the LSE blog. For mo... Read more...
13 May 2019
Young people are now less likely to 'do better' than their parents. Lower wage growth is a key factor, write Jo Blanden, Stephen Machin and Sumaiya Rahman. This blog post is based on 'Falling Absolute Intergeneratio... Read more...
08 May 2019
What makes this idea particularly absurd is that studies repeatedly find that lower-income households experience greater inflation than higher - earning ones. (Researcher Xavier Jaravel dubbed this "inflation inequality"... Read more...
Exbibit C: Inequality is increasing, a point recently acknowledged by the Productivity Commission. At the top it seems to be driven more by the seeking of favours than by productivity, a point persuasively argued by Gigi... Read more...
07 May 2019
Is there a relationship between childhood circumstances and outcomes later on in life? Andrew E. Clark, Conchita D'Ambrosio, and Marta Barazzetta consider the cognitive and non-cognitive consequences on young adults who ... Read more...
30 April 2019
... in property. Professor Christian Hilber, professor of economic geography ...... Read more...
27 April 2019
Dr Stefan Speckesser, Dr Matthew Bursnall and Jamie Moore share the findings of a new report.... Read more...
25 April 2019
Dr Stefan Speckesser from the National Institute of Economic and Social Research, which conducted the analysis, said the study showed that some local areas were more successfully tackling the negative effects of disadvan... Read more...
24 April 2019
Less efficiency and lower profitability for firms carry lessons for Britain and the US, write Kilian Huber, Volker Lindenthal and Fabian Waldinger. Talented individuals are often excluded from leadership positions if th... Read more...
16 April 2019
Doing better financially than your parents is an important marker of success, and for much of the last half century, real earnings growth in the UK was strong enough that most young people achieved this milestone. But ne... Read more...
15 April 2019
12 April 2019
Jo Blanden, co-author of the study, said: 'Research and political debate have focused on relative social mobility - that is, whether those with higher incomes are likely to have children who are also relatively well-off'... Read more...
In Episode 4 of the DIAL Podcast, Dr Jo Blanden from the University of Surrey talks about her research using the British Household Panel Survey and Understanding Society to look at home ownership and earnings for younger... Read more...
09 April 2019
In the mid 1990s, a UK employer could advertise an opening for a security guard on an hourly wage of just £2 - with a requirement to bring their own dog. Twenty years on from the introduction of a national mini... Read more...
01 April 2019
And a review of studies by a Boston College economist Christina Olivetti and British colleague Barbara Petrongolo showed that nearly all developed nations have some form of subsidized early-childhood education. The U.S. ... Read more...
27 March 2019
The Office for National Statistics (ONS) last week published employment figures for the three months to January which showed that more than 90% of new jobs were full-time. "That doesn't mean they are high-quality jobs," ... Read more...
23 March 2019
Steve Machin, head of the London School of Economics Centre for Economic Performance, says more people of pensionable age are staying in the workforce: "The rise in labour force participation of older people is very stri... Read more...
Researcher Prof Richard Layard, from the London School of Economics, said: "If governments want to stay in power they should take the happiness of the people more seriously than economic measures."... Read more...
22 March 2019
The lesson for cities? If you want to solve poverty and marginalization, the smartest approach is to get the experts - the poor and marginalized - to help with solutions. But more broadly, as happiness economist Jan-Emma... Read more...
"We were standing at his desk in his office when I broached the idea of a global happiness report, and I would attribute the idea to Thinley's leadership and the compelling scientific findings of Professors Helliwell and... Read more...
21 March 2019
Snippet: ...ince 1975.Average earnings increased by 3.4 per cent in the year to January, down by 0.1 per cent on the previous month but still outpacing inflation. However, one of the report's authors, Professor Richard L... Read more...
Snippet: ...core of 2.85 was South Sudan. The Central African Republic and Afghanistan were just above it. The annual happiness report was commissioned by the United Nations in 2012 and co-founded by Lord Layard, a profe... Read more...
Across the world people's evaluations of their happiness dropped to levels that were last seen after the financial crisis of 2008-09, having briefly risen in its aftermath but then fallen steadily. Levels of happiness in... Read more...
But according to a forthcoming paper from Felipe Carozzi, Christian Hilber and Xiaolun Yu of the London School of Economics, the clearest impact of Help to Buy has been to raise house prices, potentially by as much as 5 ... Read more...
09 March 2019
Snippet: ...home buyers. It was supposed to increase home-ownership rates among the young. Economists dispute whether it actually has. But according to a forthcoming paper from Felipe Carozzi, Christian Hilber and Xiaolu... Read more...
07 March 2019
Ross Levine and Yona Rubenstein, economists at University of California, Berkeley, and The London School of Economics, wrote a paper about the shared traits of entrepreneurs in 2013. Guess what? Most were white men who w... Read more...
12 February 2019
The fall is more pronounced among companies that enjoy high market power, write Brian Bell, Pawel Bukowski and Stephen Machin. ... Read more...
11 February 2019
A new study looks at the long-run evolution of rent sharing between companies and workers in the UK and finds that rent sharing has significantly decreased between 2001 and 2016, particularly among companies that enjoy m... Read more...
08 February 2019
04 February 2019
Claudia Olivetti at Boston College and Barbara Petrongolo at Queen Mary University of London found little evidence that extended leaves had a positive effect on women's employment or earnings - but found that subsidized ... Read more...
25 January 2019
One irony is that just as France has scrapped admissions lotteries, some in the UK and US are beginning to wonder whether they might be a good idea - albeit in a much more limited form than the pre- system. In a book pub... Read more...
17 January 2019
Lee Elliot Major and Stephen Machin explain how Britain has become less mobile, particularly at the top and bottom of society. Social Mobility And Its Enemies, Lee Elliot Major & Stephen Machin, Pelican, October 2018... Read more...
04 January 2019
The British are destined to stay on the same rungs of the economic or social ladder for successive generations, write Lee Elliot Major and Stephen Machin.... Read more...
28 November 2018
Innovation is widely viewed as the engine of economic growth. To maximize innovation and growth, all of our brightest youth should have the opportunity to become inventors. But a study we recently conducted, jointly wit... Read more...
21 November 2018
Jan-Emmanuel De Neve discusses the living wage with @EamonnHolmes on @talkRADIO Listen to @talkRADIO at 5.15pm this evening to hear Jan-Emmanuel De Neve discuss the #livingwage with @EamonnHolmes! @jedeneve pic.twitte... Read more...
08 November 2018
Wellbeing Programme research by CEP Associate Grace Lordan is discussed, looking at the societal and childhood impacts on gendered sorting patterns.... Read more...
07 November 2018
Work by the Wellbeing Programme cited: "...showed that only a quarter of those who need treatment for mental illness actually get it."... Read more...
06 November 2018
We cling on to the hope that education can act as the great social leveller, enabling children from poorer backgrounds to overcome the circumstances they are born into. But in our book Social Mobility and Its Enemies, St... Read more...
28 September 2018
We must go back in time to grasp this issue, both economic and societal. According to researcher Nicholas Bloom, the profound technological and structural change that has transformed business operations in rec... Read more...
22 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
That a counter-cyclical monetary policy of low interest rates can raise the yields of certain financial assets, whose property tends to be biased towards families with higher assets and this encourage inequali... Read more...
12 March 2018
The prospect of this book did make me happy. The idea that a group of well-respected, eminent economists would be making the case that government should focus its efforts on increasing the happiness ... Read more...
22 January 2018
Schools and individual teachers have a huge effect on the happiness of their children. Indeed, the school that children attend affects their happiness nearly as much as it affects their academic performance. W... Read more...
Lord (Richard) Layard, the economist, hosted a dinner at the London School of Economics last week to celebrate the publication of a new book by him and his colleagues, called The Origins of Happiness. It is de... Read more...
21 January 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
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...
16 December 2017
Article by Gill Wyness Given that twenty years have passed since the introduction of fees in the UK, we now have the opportunity to look at the evidence. In a new Centre for Global Higher Education working ... Read more...
07 December 2017
Article by Gill Wyness In a recent paper, co-authored with Richard Murphy, from the University of Texas at Austin, and Judith Scott-Clayton, from Teachers College, Columbia University, we looked at the cons... Read more...
05 December 2017
But there will be voices calling to keep the current system in place - and the Department for Education will be unlikely to provide any propulsion for change. A report this week from the Centre for Global High... Read more...
01 December 2017
But graduates with first-class degrees are more likely than those with a 2:1 to work in high-wage industries – and they earn starting salaries that are about 3 per cent higher, according to research publ... Read more...
23 November 2017
England, which used to provide tuition-free public universities, switched to a tuition system in 1998, and has raised fees several times since then. Economists Gill Wyness, Richard Murphy and Judith Scott-Clay... Read more...
02 November 2017
Economists Gill Wyness, Richard Murphy and Judith Scott-Clayton studied the impact of getting rid of free college. What they found might prove a shock to Sanders supporters: The analysis shows that since the m... Read more...
01 November 2017
31 October 2017
30 October 2017
Yet, according to economists Gill Wyness, Richard Murphy and Judith Scott-Clayton, who have studied this British system, it does not work so badly. The authors focus on three dimensions: the accessibility of s... Read more...
Article by Gill Wyness, Richard Murphy and Judith Scott-Clayton The question of who should pay for higher education continues to be hotly debated across the world. This column uses the case of the English h... Read more...
21 October 2017
A study by the London School of Economics (LSE) found some evidence that graduates with a 2:1 degree would earn, on average, £81,000 more over a career lifetime than someone graduating with a 2:2; howeve... Read more...
03 October 2017
…More importantly, most of the wealth control of US companies is not one of the few top industries, but a few top companies. 10% of the most profitable US companies are 8 times the average profit of the... Read more...
21 August 2017
A similar trend can be observed at the organizational level. A recent study by Erling Bath, Alex Bryson, James Davis and Richard Freeman has shown that the spread of individual wages since the 1970s is linked ... Read more...
14 July 2017
Related article Sunday 16 July Schools Week Education has ‘done nothing’ to improve social mobility http://schoolsweek.co.uk/education-has-done-nothing-to-improve-social-mobility/ Re... Read more...
12 July 2017
Research by Cesar Hidalgo and his colleagues at MIT reveals that, in countries where sectoral concentration has declined in recent decades, such as South Korea, income inequality has fallen. In those where sec... Read more...
Construction of McMansions has also increased but people who have smaller homes near where McMansions are built are much, much unhappier with their homes, according to a paper published in the spring by r... Read more...
05 July 2017
Globalisation, technological progress and a range of policies and institutions are driving ‘Great Divergences’ in wages and productivity, write Giuseppe Berlingieri, Patrick Blanchenay and Chiara C... Read more...
Construction of McMansions has also increased but people who have smaller homes near where McMansions are built are much, much unhappier with their homes, according to a paper published in the spring by resear... Read more...
04 July 2017
10 June 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
22 May 2017
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 jo... Read more...
10 March 2017
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... Read more...
27 January 2017
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 unknowl... Read more...
11 January 2017
Article by Gill Wyness With UK tuition fees now among the highest in the world, but benefits from having a degree remaining substantial, choosing the right university has never been more important for young... Read more...
09 December 2016
The commonly held belief that immigrants hold down the wages of native workers is also doubtful. The economic literature is mixed although a paper by Marco Manacorda, Alan Manning and Jonathan Wadsworth of the... Read more...
17 November 2016
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
Economic migrants are seen as a threat to jobs and the welfare state. The reality is more complex. Immigration of low-skilled workers has become an increasingly contentious political issue in both America and ... Read more...
01 October 2016
The capital's schools are the best in the country. Can they be copied? According to a report last year by researchers at the Institute for Fiscal Studies and the London School of Economics, one-sixth of the improvement ... Read more...
See this study by Joao Paulo Pessoa and John Van Reenen. This article was published online by the Bloomberg Gadfly blog on September 2, 2016 Link to article here Related Publications Decoupling of Wage Growth and... Read more...
02 September 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
Article by Brian Bell and Stephen Machin Wage inequality was partly behind the vote for Brexit. This column shows how areas with relatively low median wages were substantially more likely to vote ‘Lea... Read more...
16 August 2016
Education is not just a vital cornerstone of our culture and economy, it is also potentially one of the great social levellers. However rich or poor our parents, however supportive or dysfunctional our families, a high-q... Read more...
02 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
The dominant narrative suggests it was a 'howl of pain' about immigration, stagnant wages and an out-of-control housing market - but figures suggest that's not really true Statistical work by the labour economists Brian... Read more...
17 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
Why did so many millions of people vote to leave the European Union? ... Some new research by the labour market economists Brian Bell and Stephen Machin, seen by The Independent, suggests the Leave vote tended to be big... Read more...
26 June 2016
A feeling of anger and frustration with the European Union is strongest in areas of Britain that have seen wages stagnate in recent years, according to research commissioned by the Financial Times. Two leading labour... Read more...
23 June 2016
The claim: Trade union umbrella body the TUC says leaving the EU would cut average earnings by £38 per week by 2030. Reality Check verdict: The TUC has taken other bodies' forecasts that leaving the EU would lea... Read more...
01 June 2016
Article by Swati Dhingra, Gianmarco Ottaviano, Thomas Sampson and John Van Reenen The possibility of the UK leaving the European Union (EU) has generated an unusual degree of consensus among economists. Acr... Read more...
30 May 2016
Recently Gabriel Zucman, of the London School of Economics, estimated that $7.6-trillion of global cross-border wealth is being held in tax havens. This figure includes only financial assets. If it also accounted for ass... Read more...
16 May 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
The Panama Papers have helped expose just how big the problems of offshore tax havens are. Professor Gabriel Zucman, from the London School of Economics, had already estimated the amount of offshore money by measuring di... Read more...
19 April 2016
There's no doubt that smartphones have remarkable capabilities which, in theory, could promote student learning. But the truth is that kids - in spite of the best efforts of parents and teachers - use their phones prima... 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
A research paper by Richard Burkhauser, Jan-Emmanuel De Neve and Nattavudh Powdthavee contends that a person's satisfaction drops as the percentage of overall income held by the very rich in a country rises. However, the... Read more...
31 March 2016
''My view of the history of minimum wages is that we've always been surprised about how you seem to be able to push them up without harming job prospects,'' says Alan Manning, a professor at the London School of Economic... Read more...
29 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
The opportunities for social mobility, that higher education and income than the parents, is less in the United Kingdom than in Norway. Professor Stephen Machin at the Centre for Economic Performance in the United Kingdo... Read more...
10 December 2015
'Bleak' prospects A seminar on social mobility in the UK, to be held at the London School of Economics on Thursday, will hear that too little progress is being made. It will be addressed by Prof Stephen Machin, res... Read more...
In his speech Sanders also cited a remarkable statistic: 0.1 percent of American families enjoy almost as much as wealth 90 percent of the rest of the country put together. In 2014 just 160,000 families - each with a ne... Read more...
21 November 2015
Social mobility plays a curious and sometimes tortuous role in our national political psyche. We love talking about it even if we can't, or won't, do much about it. Greater mobility is a goal lionised by all politicians ... Read more...
18 November 2015
Look out, Thomas Piketty. Here comes Gabriel Zucman. With a slim new book that has the feel of Piketty's bestselling Capital in the 21st Century, Zucman, a baby-faced 28-year-old University of California-Berkeley econom... Read more...
21 September 2015
We decided to examine Sanders' statement that the richest 0.1 percent has nearly as much as the bottom 90 percent. Its a standard line in Sanders' speeches. Warren Gunnels, policy director of Sanders' presidential campai... Read more...
Economists Emmanuel Saez of the University of California-Berkeley and Gabriel Zucman of the London School of Economics have been studying wealth inequality for a long time. Here is their graph of the divergence in wealth... Read more...
10 September 2015
It's a powerful and timely point. Rent extraction and rising inequality are two sides of the same coin. Research by Brian Bell and John Van Reenen last year suggested that up to two-thirds of the increase in the overall ... Read more...
24 August 2015
Consider a paper presented at the Summer Session of the National Bureau of Economic Research by Raj Chetty, Bloomberg Professor of Economics at Harvard University, ''Innovation Policy and the Lifecycle of Inventors.'' (T... Read more...
10 August 2015
Article by Gill Wyness There were a surprising number of announcements relating to higher education in George Osborne's budget this week. One of the most controversial was the announcement that university maintenance gr... Read more...
10 July 2015
A new paper by Mr Saez and Gabriel Zucman of the London School of Economics reckons past estimates badly underestimated the share of wealth belonging to the very rich. It uses a richer variety of sources than prior studi... Read more...
22 June 2015
Corporate greed isn't good, but it might not be as bad for inequality as we thought - or at least not in the way we thought. Now it seems pretty obvious that inequality must have something to do with executive pay. After... Read more...
29 May 2015
Article by Camille Terrier French teachers went on strike on May 19 to voice their disapproval of two major reforms that have been proposed by Najat Vallaud-Belkacem, the French education minister. The two reforms are v... Read more...
22 May 2015
There are signs that inequality in the UK is beginning to rise again following tax and benefit changes introduced since 2010, an economic analysis has found. The study by the Centre for Economic Performance found the... Read more...
17 April 2015
On paper, the Conservatives should reap dividends from a sharp recovery in Britain's economy which outpaced the world's other big, rich nations last year. Employment has surged, including in the West Midlands wher... Read more...
16 April 2015
Article by Sandra McNally With education policy set to play an important part in the May general election campaign, debates around the future direction of the school system will take place against the backdrop of fast-p... Read more...
24 March 2015
New research from a group of economists at Harvard, the Treasury Department, and the London School of Economics provides a particularly vivid illustration of how disadvantage can harm the economy at large. The researcher... Read more...
16 March 2015
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
Article asking that the crisis of inequality be looked at in a new way. Cites Gabriel Zucman's research: In perversely referring to the classic work of Adam Smith's book, ''The wealth of nations missing'' (Missing the we... Read more...
03 February 2015
Dr Gabriel Zucman was interviewed about wealth inequalities. The interview was broadcast on BBC Radio 4 News on February 3, 2015 Link to News programme here Related links Gabriel Zucman webpage Productivity and ... Read more...
According to a study by Professor Gabriel Zucman, of the London School of Economics, quoted by MM, on 26 November, at least 8 percent of the world's wealth, or about $7.6 trillion, are in private accounts in tax havens. ... Read more...
02 February 2015
Britain has prized the ideal of economically mixed neighbourhoods since the 19th century. Poverty and disadvantage are intensified when poor people cluster, runs the argument; conversely, the rich are unfairly helped whe... Read more...
29 January 2015
There is a human mass that despite being available for work and knowledge loses ability to be employed. This generates a terrific competition by seeking higher returns among the cheapest labour in Asia and the suppressor... Read more...
28 January 2015
The Center for American Progress has published a lengthy and ambitious report on how to achieve ''inclusive prosperity'' - a subject that is sure to play a prominent role in the [US] 2016 election. The report is the p... Read more...
15 January 2015
New report from Inclusive Prosperity Commission, transatlantic group convened by the Center for American Progress, will present policy proposals to promote broadly shared prosperity throughout the United States Washingt... Read more...
On Monday 8 September 2014, CEP hosted the only economics session in the British Science Festival. Presenting their work on the "Economics of Inquality" were John Van Reenen on the 99%; Brian Bell on Top Pay... Read more...
08 September 2014
History teaches us that labour markets are able to recover from the changes wrought upon them by technological change, said Alan Manning, professor of economics at the London School of Economics. ''If I take an historica... Read more...
18 August 2014
The SNP has been in government in a devolved Scotland for more than seven years. During that time it has had control over most of the levers of social justice, from education to healthcare, from local authority spending ... Read more...
27 July 2014
Article by Christopher Pissarides The Need For Social Dialogue To Improve Distribution Eurofound stands for Improvement of Living and Working Conditions through social dialogue. Currently, in the midst of high unemploy... Read more...
23 June 2014
Abgesehen davon gibt es generelle MaBnahmen, die sowohl den Einwanderern, als auch den Einheimischen selbst zugute kommen. Richard Layard wirbt beispielsweise für eine fortschrittliche Steuerpolitik, um die wirtschaftli... Read more...
16 June 2014
Increasing the number of poorer students in higher education has not proved to be the ''great social leveller'' that it was expected to be in the Robbins era. That was the argument set out by Anna Vignoles, professor of ... Read more...
31 October 2013
Professor Stephen Machin discusses the dramatic rise in inequality in the UK over the past 30 years, including the impact of 'skill-based technological change' and the polarisation of the labour market.... Read more...
05 May 2011
Overall wage and income inequality rose slightly under the Labour government since 1997. This was driven by the top half (especially the top 10 per cent) of the income distribution. There was no change in inequality (and... Read more...
27 April 2010
New paper by Pawel Bukowski and Filip Novokmet “Inequality in Poland: Estimating the Whole Distribution by g-percentile 1983-2015” combines national accounts, survey and tax data in order... Read more...
29 November 2007