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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
Nick Bloom in conversation on a surprising find from the pandemic: remote work is fuelling economic growth. ... Read more...
02 June 2022
Jonathan Haskel and Stian Westlake argue that capitalism can be revitalised by promoting ‘further investment’ in what they call ‘intangible capital’. ... Read more...
11 April 2022
The written part of university applications could be changed to provide more support to young people from disadvantaged backgrounds, the universities minister has said. The proposal comes after Lee Elliot Major criticise... Read more...
16 February 2022
Lee Elliot Major talks about the implementation of the National Tutoring Programme and the need to support disadvantaged children in post-pandemic recovery plans. ... Read more...
06 October 2021
Research from the London School of Economics and Political Science found Volunteering for the NHS during the pandemic felt as good as getting a £1,800 bonus from work. ... Read more...
31 May 2021
Lee Elliot Major explains how teachers have a chance to address the inequalities revealed by the Covid-19 pandemic. ... Read more...
01 March 2021
Study by LSE's Richard Davies finds price volatility during the Covid-19 pandemic has been higher than in any comparable period since 1991. ... Read more...
05 February 2021
Lee Elliot Major and Stephen Machin remember the drive behind Roosevelt's New Deal which created millions of jobs during America's Great Depression in the 1930s and examine how government policy could ... Read more...
08 December 2020
The book What Do We Know and What Should We Do About Social Mobility? has been named as one of the best books on economics this year by the Financial Times. The book by Lee Elliot Major, professor of s... Read more...
17 November 2020
During late September and early October, just 59 per cent of pupils benefitted from “full schooling”, says new report. ... Read more...
26 October 2020
BBC Panorama reports on CEP research, fiding people aged 16-25 were more than twice as likely as older workers to have lost their job, while six in 10 saw their earnings fall, according to new research. ... Read more...
Lee Elliot Major and Stephen Machin argue how political reform is needed to solve issues with social mobility resulting from Covid-19. They explain that the findings of their review of evidence on social mobil... Read more...
07 October 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
CEP's director Professor Stephen Machin, co-author of the report, Covid-19 and social mobility, notes how: "We need to develop bold policies for now and the longer term to ensure the economic rec... Read more...
29 May 2020
A report on self-employed workers mentions the survey conducted by Jack Blundell and Professor Stephen Machin, of the London School of Economics’ Centre for Economic Performance, which showed self-e... Read more...
28 May 2020
Intervention is needed to prevent children entering a 'dark age' of declining social mobility due to social inequalities, says the report Covid-19 and social mobility by Professor Lee Elliot Major... Read more...
The "Covid generation" of under-25s is less likely to fulfil its potential, regardless of background, says the report Covid-19 and social mobility by Professor Lee Elliot Major and Professor Stephen ... Read more...
More than 50 northern MPs and peers have called for a ‘catch-up premium’ for poorer pupils Lee Elliot Major, professor of social mobility at the University of Exeter, and Stephen Machin, professor ... 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
Professor Stephen Machin, director of CEP, and Henry Overman, research director of CEP, contribute to an investigation into the differences in wages and opportunities across the country and why some towns and ... Read more...
09 March 2020
Transport upgrades are a key part of the Northern Powerhouse strategy, but there is some criticism about how much large-scale public investment in transport can act as a panacea for economic development. Profe... Read more...
26 February 2020
Adam Swift, professor of political theory at UCL, writes about three books on social mobility: Social Mobility And Its Enemies by Lee Elliot Major and Stephen Machin, Social Mobility and Education in Britain by Erzs&e... Read more...
23 January 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
Millennials, many of whom came of age during the 2008 financial crisis, are the first generation ever to be less well-off than their parents. The reasons for this, according to a report released last week by the Institut... Read more...
05 November 2019
A decade of wage stagnation since the financial crisis has left young people financially worse off than their parents were at the same age, according to a report. The Centre for Economic Performance at the London School... Read more...
04 November 2019
How can social mobility be improved? Lee Elliot Major and Stephen Machin write that merely tweaking existing policies will not transform society. They outline four major changes that have the potential to actually do so.... Read more...
30 October 2019
Snippet: For example, since 1989, Australia has introduced the system of contingent repayment loans (PARCs) which allow higher education to benefit from public funding supplemented by funding provided by the beneficiarie... Read more...
23 October 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
In their robotics focussed study carried out in 2015, Graetz and Michaels concluded that robot densification increased the annual growth of GDP and labour productivity by about 0.37% and 0.36% respectively across 17 coun... Read more...
23 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
Of course, the elasticity of the response to automation is an empirical question. Recent studies indeed find evidence of positive employment responses in some industries with new information technologies, automation, and... Read more...
13 September 2019
12 September 2019
Research published by the London School of Economics estimated that the spike in inflation that followed the 2016 referendum was costing the average household £7.74 a week - a figure equivalent to £404 a year... Read more...
03 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
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
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
Here it is interesting to visualize the implementation of industrial robots, the reference to the work of Graetz and Michaels, "Robots at work", of which they contribute the published picture 'Number of Industrial Robot... Read more...
13 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
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
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
Disadvantaged children who qualify for free school meals are twice as likely to be out of work in later life than their better-off peers, and even when they get good qualifications at school the employment gap... Read more...
24 April 2019
by Heidi Allen MP, interim leader of Change UK "I’ve had early sight of research released today that magnifies how the most disadvantaged young people in our country are held back because of... Read more...
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
Dr. Federico Rossi, Assistant Professor in the Department of Economics at Warwick University and Dr. Marta De Philippis of the Bank of Italy's Department of Economics and Statistics investigated the school performance of... Read more...
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
From Dr Guy Michaels, London School of Economics, UK Joseph Cotterill, in "Aid groups battle to reach cyclone survivors" (March 21), describes the terrible devastation that recent floods have wreaked in Mozambique and n... Read more...
27 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
One little-known study could, however, help shed light on where the problem really lies. According to Professors Bell and Van Reenen of the LSE, the real issue is not that CEO pay has been inflated, but that worker pay h... Read more...
29 January 2019
The first is a strategy of reversal. This consists of interventions that aim to offset or compensate for the technological and market dynamics that cause cost disadvantages for value creation in left-behind places - plac... Read more...
21 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
As the UK has sought to redefine its relationship with the EU and the rest of the world, a renewed focus on sustainable growth becomes more urgent, write James Rydge, Ralf Martin and Anna Valero.... Read more...
03 December 2018
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
Dr Major was told about abuses while researching his book Social Mobility And Its Enemies, with Professor Stephen Machin, director of the Centre for Economic Performance. They talked to parents and teachers in... Read more...
29 September 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
Opinion by Lee Elliot Major and Stephen Machin "Britain is stuck. Too many of us are destined to end up in the same positions occupied by our parents – particularly if we sit on the lowest or ... Read more...
27 September 2018
Article by Josh De Lyon, Elsa Leromain and Maria Molina-Domene: The Brexit debate is intense and continues to dominate the UK policy agenda. It concerns the entire population. The authors use Twitter dat... Read more...
21 June 2018
In addition, a number of works conclude that robotization, unlike computerization, leads to a decrease in demand for low and increased demand for highly skilled labor, but not to a drop in demand for medium-sk... Read more...
30 May 2018
It should also be taken into account that different types of new technologies have different influences on routine occupations: computerization causes the death of routine intellectual activities (for example,... Read more...
It is important also to see digitalisation and robotisation as a distribution problem. There is evidence that digitalisation and its applications have had a different impact on the various segments of the labo... Read more...
21 May 2018
Examination is therefore a democratic tool of social climbing? Examination is the tool that makes it possible to establish the symbolic value of the graduate from the certification of his apprenticeships. This... Read more...
18 May 2018
By Steve Gibbons The ‘Bedroom Tax’ – or ‘under occupancy penalty’ or ‘removal of the spare room subsidy’ as it has been called officially – is a highly contro... Read more...
16 May 2018
In 2015, a study by Guy Michaels and George Graetz (https://voxeu.org/article/robots-productivity-and-jobs) looked at the impact of robots in manufacturing, agriculture and utilities across 17 countries. They ... Read more...
14 May 2018
Interview with Stephen Gibbons. “Did the bedroom tax or 'under-occupancy charge' actually work?” ... Read more...
America’s patents and research spending have soared alongside its trade deficit with China. Article in the Economist refers to the research paper ‘ Related publications Trade Induced Te... Read more...
03 May 2018
"Whilst automation appears to be increasing the demand for high-skilled, high-income employees, its impact on low-skilled, low income employment is less clear," wrote the IFR. "Wage stagnation a... Read more...
Further bolstering its case, the IFR release called out a recently published London School of Economics (LSE) study entitled Robots at Work. Examining the use of industrial robots in 17 developed economies bet... Read more...
30 April 2018
Robots’ capacity for autonomous movement and their ability to perform an expanding set of tasks have captured writers imaginations for almost a century. Recently, robots have emerged from the pages of sc... Read more...
25 April 2018
The London School of Economics (LSE) recently published a study entitled Robots at Work on the use of industrial robots in 17 developed economies between 1993 and 2007. LSE head of research, Guy Michaels, summ... Read more...
19 April 2018
Nudge-u-cation: Can behavioural science boost education and social mobility? Pro Bono Economics' Annual Lecture featuring Dr David Halpern, Professor Sandra McNally and Chris Brown. Over the last decade, g... Read more...
11 April 2018
Today for the first time, the Economic and Social Research Council (ESRC) is to recognise its global centres of excellence with official ESRC Research Institute status. The move acknowledg... Read more...
09 April 2018
There is a very interesting study made by the Economic Research Center of London, directed by George Graetz and Guy Michaels, which shows that between 1993 and 2007 in the United States the number of robots in... Read more...
02 April 2018
"There is no consensus on how robotics will affect the creation or destruction of employment, some studies are optimistic and others are not," Professor Guy Michaels of the London School of Economics... Read more...
01 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
22 March 2018
Snippet: ...tests in the third year of primary school are many times more likely than the other 95% to file patents in later life. But the likelihood is still much greater among smart kids from rich families. ... Read more...
Robots are set to steal lawyers’ jobs. Experts predict artificial intelligence breakthroughs mean machines will soon sift through legal paperwork and other complex documents at ultra high speed. Prof Guy... Read more...
21 March 2018
Even customs duties, which will help US companies in the short term, can be detrimental in the long run. This protection of the domestic market can lead to a decline in qualitative competitiveness. In this con... Read more...
06 March 2018
Using tariffs to restore American competitiveness could easily backfire. If U.S. companies can hunker behind trade barriers and sell to a captive market, many will lose their edge. Research by economists Nicho... Read more...
05 March 2018
03 March 2018
Guy Michaels interviewed live during a conversation about the impact of robots and technology on productivity in the UK. ... Read more...
27 February 2018
This is potentially consistent with a story where the jobs that have been easiest to automate are middle-class-ish. Some jobs require extremely basic human talents that machines can’t yet match – l... Read more...
19 February 2018
Extreme polarisation is not persistent over time; people are more likely to react to specific events or news, writes Maria Molina-Domene. Social media facilitates communication and an appealing question i... Read more...
16 February 2018
Within the manufacturing industry, high levels of productivity would not be possible without the introduction of automation. A typical automotive manufacturer simply could not keep up with the demand for volum... Read more...
09 February 2018
08 February 2018
Briefing note prepared for the World Economic Forum Annual Meeting in Davos, Switzerland Concerns about automation’s impact add to the climate of mistrust. In the European public debate over automatio... Read more...
31 January 2018
The Federation of Master Builders reports that “skyrocketing” skill shortages mean that there are not enough workers available in all the key construction skills. The Black Country Chamber of Comme... Read more...
24 January 2018
The Government and Public Sector Report has been published today. It provides updated in 2018 year analysis of Government and Public Sector Industries. How does education affect economic and social outcomes... Read more...
13 January 2018
Article by Alex Bell, Raj Chetty, Xavier Jaravel, Neviana Petkova and John Van Reenen: Relatively little is known about the factors that induce people to become inventors. Using data on the lives of over... Read more...
24 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
A recently published study, "Robots at Work" (Graetz, Michaels, 2017) highlights the actual economic impact of a major robot integration in industry. One conclusion is that the average increase in GD... Read more...
15 December 2017
... Read more...
11 December 2017
Research from Graetz and Michaels using data from the International Federation of Robotics found that the use of robots within manufacturing raised the annual growth of productivity and GDP by 0.36 and 0.37 pe... Read more...
04 December 2017
An important study on panel data for 14 branches of seventeen countries for the period 1993-2007. was recently carried out by G. Graetz and G. Michaels (Graetz, Michaels, 2015). They demonstrated that at the s... Read more...
03 December 2017
A study by Graetz and Michaels found that the impact of industrial robots should boost pay for highly skilled workers while reducing pay for workers with low to medium skills. ... Read more...
01 December 2017
....And then, among apprenticeships for young people, 60 per cent of places are at intermediate level. New analysis by Sandra McNally for today’s report, of the experience of those aged 16 in 2003 who su... Read more...
30 November 2017
"Disadvantaged youngsters are less likely than their better-off peers to start the best apprenticeships, a new study reveals. Research published by the Sutton Trust showed that seven per cent of yo... Read more...
"Two thirds of apprenticeships are merely “converting” existing employees and could be certifying existing skills, rather than focusing on expanding expertise, a new report has warned. Rese... Read more...
The segmentation of apprenticeship by level puts an artificial break on progression, according to a new report commissioned by the Sutton Trust. The report, entitled Better Apprenticeships – Acces... Read more...
When the Industrial Strategy was up for consultation earlier in the year, my colleagues in the Centre for Vocational Education Research (CVER) and I emphasised the importance of well-targeted Active Labour Mar... Read more...
28 November 2017
....It is also crucial that the issue of access is tackled. As our latest research shows, disadvantaged young people are less likely to enter the best apprenticeships than their better-off peers. We’ve a... Read more...
20 November 2017
For our analysis, we exploit the same dataset from the International Federation of Robotics (IFR) that was used by Acemoglu and Restrepo (2016, 2017) and in the pioneering study by Graetz and Michaels (2017). ... Read more...
06 November 2017
Some recent studies, however, such as a 2015 paper by Georg Graetz and Guy Michaels, found that at least in the area they studied – the impact of industrial robots – innovation is boosting pay for ... Read more...
04 November 2017
Some recent studies however, such as a 2015 paper by Georg Graetz and Guy Michaels, found that at least in the area they studied – the impact of industrial robots – innovation is boosting pay for h... Read more...
03 November 2017
The Sutton Trust’s optimistic slogan on its masthead proclaims that it has been “Improving social mobility for 20 years”. Sadly, its own site includes a disturbing study, commissioned from th... Read more...
26 October 2017
Recent research has shown that industrial robots in the US have led to heavy losses in terms of jobs and incomes. In this article, we will explore the impact they have had on the labor market in Germany, where... Read more...
22 October 2017
Industrial robots are high-quality, productive workers; humans can’t match their output. Because of these steel-collar workers and their peerless output—around the clock if necessary!—p... Read more...
13 October 2017
Fort Payne, Alabama was the former “Sock Capital of the World” until a trade deal triggered job losses. In this installment of #WorkInProgress, we show how one sock maker is pushing to keep “... Read more...
10 October 2017
Speaking mainly about vending machines and industrial robots. A study by George, Graetz of Uppsala University and Guy Michaels of the London School of Economics, which investigated the impact of roboticisation... Read more...
06 October 2017
Gill Wyness, a senior lecturer in the economics of education at the UCL Institute of Education, said there might be logic in this approach given that universities were arguably being incentivised at the moment... Read more...
05 October 2017
Finally, the jobs most susceptible to automation are routine jobs that are made up of few, repetitive tasks, which tend to be lower- or middle-skill jobs. Non-routine jobs, on the other hand, require interpers... Read more...
Article by Georg Graetz and Guy Michaels Whilst the U.S. unemployment rate has returned to pre-recession lows, there is concern among policymakers about other developments in the American labour market, not... Read more...
02 October 2017
26 September 2017
In recent work, Graetz and Michaels looked at 14 industries (mainly manufacturing industries, but also agriculture and utilities) in 17 developed countries (including European countries, Australia, S... Read more...
23 September 2017
In the recent shift from outsourcing manufacturing, many pundits have argued that the addition of more robotic job automation the more manufacturing jobs would be lost. This correlation has recently been the s... Read more...
12 September 2017
In the academic paper ‘Robots at Work’, Georg Graetz of Uppsala University and the LSE’s Guy Michaels discovered that, between 1993 and 2007, automated systems encouraged the average GDP of c... Read more...
09 September 2017
Economists Georg Graetz of Uppsala University and Guy Michaels of the London School of Economics produced a 2015 study which found that between 1993 and 2007, Michaels said, there was “a negative effect ... Read more...
The third reason to focus on Germany is a practical one. Detailed German labor market data are merged with the same data on industrial robots, that is also used by Acemoglu and Restrepo (Robots and J... Read more...
07 September 2017
In 2015, economists Georg Graetz of Uppsala University and Guy Michaels of the London School of Economics analyzed the effects of industrial robots on employment in 17 different countries between 1993 and 2007... Read more...
10.1111/twec.12440 ... Read more...
Snippet…Does economic activity relocate away from areas that are at high risk of recurring shocks? We examine this question in the context of floods, which are among the costliest and most common natura... Read more...
01 September 2017
14 August 2017
A London School of Economics report in June showed that Britain was one of just three out of 28 countries that saw wages fall in real terms between 2007 and 2015. The only country where wages fell more... Read more...
09 August 2017
Tackling the question, ‘What’s the future of work’, are: Professor David Graeber of LSE’s Department of Anthropology; Dr Aleks Krotoski, social psychologist, technology journalist and f... Read more...
01 August 2017
Research done by Graetz and Michaels has shown that robots are contributing to historic production growth since their entrance into the manufacturing industries. Overall, it shows that between 1993 and 2007, r... Read more...
31 July 2017
In a new study from London’s Center for Economic Research [sic], the analysis offered by George Graetz and Guy Michaels of Uppsala University and the London School of Economics, respectively, offers some... Read more...
24 July 2017
Graph credit: Graetz and Michaels, “Robots at Work" - taken from the Brookings Institute article located here- which manages to interpret data from the Graetz and Michaels study rathe... Read more...
19 July 2017
Education has “not done anything” to improve social mobility and has made inequality worse, according to the education economist Stephen Machin. Speaking at a debate held by the Sutton Trust on Wed... Read more...
16 July 2017
IFR quoted OECD's research results. Companies that introduced innovative technology said they are more productive than 2-10 times more than companies that do not. Also cited a study by Graetz and Michaels ... Read more...
13 July 2017
According to the report of "The Impact of Robots on Productivity, Employment and Jobs" published by the International Robot Federation (IFR) recently issued by the Korea Robot Industry Promotion Agen... Read more...
11 July 2017
Several empirical studies have sought to determine whether recent technological advances have reduced the aggregate demand for work or hindered wage growth. For example, Terry Gregory, Anna Salomons and Ulrich... Read more...
07 July 2017
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
Observing 17 European countries, Georg Graetz and Guy Michaels (2015) estimate that the diffusion of industrial robots has stimulated labor productivity, value added, wages and overall factor product... Read more...
04 July 2017
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...
Of made, in one of the pioneers on the subject drawn up by Georg Graetz and Guy Michaels in 2015 and in which analyzed data from 17 countries advanced from 1993 to 2007, found that, as seen in the following im... Read more...
16 June 2017
In fact, in one of the pioneering works on the topic developed by Georg Graetz and Guy Michaels in 2015 and analyzing data from 17 advanced countries from 1993 to 2007, find that, as seen in the following imag... Read more...
In total, the Centre for Economic Performance (CEP) calculates, it would be best for the British economy to remain part of the EU’s common market. Related publications ‘#GE2017Economists: The... Read more...
10 June 2017
A year ago, in June 2016, the British voted on their country's EU membership. Economists and financial markets were in bright turmoil and warned of the consequences of a Brexit. Today, twelve months later,... Read more...
08 June 2017
The London School of Economics (LSE) has published a report assessing all of the party manifestos and how respective policies will affect key voter issues. Intended to be "objective, brief and non-tech... Read more...
06 June 2017
For the first time in years, UK voters have a real choice between economic models The Centre for Economic Performance at the London School of Economics has published a series of election analyses, looking a... Read more...
Includes in the roundup: ‘Is Modern Technology Responsible for Jobless Recoveries?’, Georg Graetz and Guy Michaels, American Economic Review, May 2017 Abstract: Since the early 1990s, reco... Read more...
31 May 2017
The parties all recognised funding shortfalls, rising costs, demographic pressures, increased expectations, and changes in health technology and medical practice, the London School of Economics Centre for Econ... Read more...
25 May 2017
In the period 1993-2007, Graetz and Michaels found that in 14 industries in 17 developed countries including Australia, industrial robots increase labour productivity, total factor productivity and wages. They... Read more...
17 May 2017
‘The first of these studies uses an industry-level robotics dataset to estimate the impact of the implementation of industrial robots on wages, productivity nd working hours from the 1990s to 2007 ... Read more...
14 May 2017
Article by Georg Graetz and Guy Michaels. Article originally published at VoxEU, Saturday 13 May Recoveries from recessions in the US used to involve rapid job generation. During the 1970s and 1980s, the fi... Read more...
Georg Graetz and Guy Michaels, DOI: 10.1257/aer.p20171100 Related publications In brief... Is technology to blame for jobless recoveries? Georg Graetz and Guy Michaels. Article in CentrePiece Volume 2... Read more...
12 May 2017
In 2015 by Georg Michaels[SIC] and Guy Graetz [SIC] published evidence from a dataset of companies in 17 countries gathered between 1993 and Subject articles 30 CLR News 1/2017 2007. They suggest that, while p... Read more...
17:20:17 Professor Martin Knapp comments on money for social care in the budget Also on: BBC Wiltshire ... Read more...
09 March 2017
Since the early 1990s, the US has been plagued by weak employment growth when emerging from recessions – so called ‘jobless recoveries’. Georg Graetz and Guy Michaels look at multiple recover... Read more...
19:00:01 Snippet: ...Martin Knapp discusses the Chancellor’s plans to put an extra £2 billion towards England’s social care systems. Click to open Also on BBC Radio 4, BBC Foyle, BBC... Read more...
08 March 2017
Martin Knapp is director of health and social care at the London school of economics and an economist specialising in health and social care. ... Read more...
24 February 2017
Extreme polarisation is not persistent over time; people are more likely to react to specific events or news, writes Maria Molina-Domene Social media facilitates communication and an appealing question is w... Read more...
16 February 2017
Read more...
This phenomenon of labor market polarization (or “hollowing out” of middle-skilled jobs) has attracted widespread attention and contributed to the ongoing debate on the impact of technological chan... Read more...
14 February 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
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 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...
01 October 2016
Prime minister champions grammar system but critics argue reforms will damage social mobility But critics were quick to dismiss the reforms. Professor Sandra McNally, director of education and skills at the London Schoo... Read more...
09 September 2016
A 2015 research paper by the Centre for Economic Performance at the London School of Economics found that student test scores improve by 6.4 percent when cell phones are banned at schools and that there are no... Read more...
06 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
Facts appear not to be a major priority for many Leave voters. That is clear when you look at science. In a ComRes poll of 1,616 prospective voters, Leave supporters were revealed to be much more likely to question scien... Read more...
22 June 2016
''The pro-Brexit argument that Britain will be free of lots of regulations, that there will be a bonfire of red tape that will cause us to grow rapidly and we'll strike lots of new trade deals as this buccaneering new En... Read more...
20 May 2016
There's been no shortage of hype about the relationship between cities and data, especially so-called big data. For large numbers of tech companies, cities, and even a growing number of urbanists, data promises to solve ... Read more...
18 May 2016
Although empirical evidence about the effects of phone access on learning seems to be scarce, the findings of a recent study on student phone access and the achievement gap by Louis-Philippe Beland and Richard Murphy for... Read more...
27 April 2016
... Do we need a different way to spur innovation and disseminate new technologies quickly around the world? Are patents, which reward inventors by providing them with a government-guaranteed monopoly over their inventio... Read more...
12 April 2016
Amy Mollett, Social Media Manager, rounds up how LSE currently uses Twitter for sharing research, interacting with students and alumni, and promoting events. She also looks at what the future of academic social media mig... Read more...
24 March 2016
Article by Guy Michaels Over the last 30 years, floods have killed more than 500,000 people globally, and displaced about 650m more. In a recent paper published by the Centre for Economic Performance, we examined why so... Read more...
01 March 2016
Article by Adriana Kocornik-Mina, Thomas McDermott, Guy Michaels and Ferdinand Rauch During the past couple of months alone, floods have displaced 100,000 people or more in Kenya, in Paraguay and Uruguay, and in India, ... Read more...
21 January 2016
Guy Michaels discusses his study of the economic impact of floods and likelihood of people moving from flooding areas. The interview was broadcast by BBC Radio 5 Live on January 5, 2016 Link to interview here (43 mins... Read more...
05 January 2016
In December talks in Paris involving more than 200 countries may result in a new agreement aimed at reducing carbon emissions. In the months leading up to the conference, The Economist will be publishing guest columns by... Read more...
11 December 2015
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
The prospects for improving social mobility for future generations remain bleak, an author of a key social study released a decade ago will warn. Stephen Machin, professor of economics and research director at the Centre... Read more...
'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...
Article by Lee Elliot Major and Stephen Machin Private tutoring is booming and elite universities remain preserve of middle classes; something must change, say Lee Elliot Major and Stephen Machin Social mobility is t... Read more...
09 December 2015
On 18 November, representatives from the Centre for Vocational Education Research gave evidence to the House of Lords Select Committee on Social Mobility, as part of its inquiry into the transition from school to wor... Read more...
18 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...
David Attenborough, Brian Cox, Paul Polman, Jeffrey Sachs and Arunabha Ghosh all sign letter calling for action by UN climate conference in December The international group of experts and CEOs back a new 'Global Apollo ... Read more...
16 September 2015
Article by Bill Gates Last month, during a trip to Europe, I mentioned that I plan to invest $1 billion in clean energy technology over the next five years. This will be a fairly big increase over the investments I am a... Read more...
03 August 2015
Article by Richard Layard Leading thinkers across the worlds of science, public service and academia have launched a new global programme to combat climate change. Richard Layard outlines their proposal for big public i... Read more...
This autumn sees the launch of the Global Apollo Programme: a green research initiative that wants governments to match, in today's money, the sums spent putting men on the moon. At a time of increasing austerity, reques... Read more...
Ralf Martin, Mirabelle Muuls, Laure B. De Preux and Ulrich J. Wagner have received the 2015 Erik Kempe Award for their paper 'Industry Compensation Under Relocation Risk: A Firm-Level Analysis of the EU Emissions Trading... Read more...
29 June 2015
Bill Gates (co-founder of Microsoft) interviewed: ... Tens of billions of dollars should therefore be spent by governments on research and development in renewables over coming years, three times current levels, to iden... Read more...
25 June 2015
A report entitled A Global Apollo Programme to Combat Climate Change, written by a number of high-profile British scientists and economists, offers a bold answer. It argues that carbon-free energy has to become competiti... Read more...
23 June 2015
Article by Richard Layard, Gus O'Donnell, Nicholas Stern, Adair Turner If clean energy were cheaper than dirty energy, climate change would halt. Making clean energy cheaper is a problem - like putting a man - on the... Read more...
08 June 2015
India will be a member of a consortium of countries that will implement the Global Apollo Programme - a plan to find ways within the next 10 years of making green energy clean cheaper to produce than energy drawn from c... Read more...
03 June 2015
In the deepest chill of the Cold War, then-president of the United States John F. Kennedy announced to the country, and the world, that ''we choose to go to the moon.'' The Apollo Programme placed a man on the moon withi... Read more...
''The challenge is as big as putting a man on the moon,'' says Richard Layard of the London School of Economics, one of the founders of the programme along with other prominent scientists, economists and industrialists. ... Read more...
A number of Britain's leading experts in the field of climate research are focused on achieving the goal of solving the world's most pressing problem: the continued global temperature rise. This article was published on... Read more...
02 June 2015
Lord Richard Layard, an economist at the London School of Economics and member of the Apollo group, said it was barely believable that the world only spent 2% of its R&D money on its ''most pressing problem'' of clim... Read more...
Interview with Lord Layard regarding launch of the 'Apollo' programme to make renewables cheaper than fossil fuels. The interview was broadcast by the BBC World Service News on June 2, 2015 [No link available.] Relate... Read more...
Article by Richard Layard The target for GAP is to reduce the cost of clean energy and to do it fast. This article was published by The Huffington Post on June 2, 2015 Link to article here Related links 'Global ... Read more...
Partly as a result London house prices per square foot are now the second highest in the world after Monaco, according to the London School of Economics' Centre for Economic Performance. The problem is acute: the average... Read more...
Leading academics, including former government chief scientist Sir David King, past president of the Royal Society Lord Rees, and economists Lord Stern and Lord Layard, in effect said that the world cannot be saved from ... Read more...
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
A steep reduction in UK emissions over the last two decades disguises a number of ineffective government policies, argues a new report from the London School of Economics. In a briefing on the key environmental policy is... Read more...
30 April 2015
There hasn't been much macroeconomic research on the impact of robots to persuade commentators to move from anecdote to analysis. However, new evidence begins to shed some light on the macroeconomic role of automation in... Read more...
27 April 2015
Alex Bryson, John Forth and Richard Freeman present research into the benefits of all-employee stock purchase plans. They find that employees who joined the plan were more committed to the firm, more satisfied with their... Read more...
12 February 2015
[Joshua] Angrist, the Ford Professor of Economics, has long been one of the leading advocates of research that uses ''ceteris paribus'' [other things being equal] principles. Now, along with Jorn-Steffen Pischke of the L... Read more...
01 December 2014
MIT News announced the publication later this month of Mastering Metrics: The Path from Cause to Effect by Joshua Angrist and Jörn-Steffen Pischke. Economists' new book teaches how to conduct cause-and-effect studi... Read more...
Professor Christopher Pissarides among those calling for establishing more effective policies in fighting drug use. This article was published online by Yahoo! Mexico on August 25, 2014 Link to article here See al... Read more...
25 August 2014
In response to arguments that the 'social mobility problem' has been overstated and that social mobility as a policy aim is futile, Jo Blanden reviews research that her and colleagues have conducted into intergenerationa... Read more...
04 November 2013
The Nordics also have a strong record of drawing on the talents of their entire populations, with the possible exception of their immigrants. They have the world's highest rates of social mobility: in a comparison of soc... Read more...
01 February 2013
Studies of social mobility as far back as the 1950s and 1960s showed that rates of movement in the United States were generally comparable to other developed countries. This finding itself challenged the longstanding ... Read more...
02 October 2012
There is a great deal of overlap between the parties' proposals on climate change policy. The 2008 Climate Change Bill, which was backed by the opposition parties, has created a sensible overarching framework for climate... Read more...
29 April 2010