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Alan Manning offers insights on trends in workers switching or leaving jobs during the Covid-19 pandemic. ... Read more...
17 November 2021
In light of the Biden adminstration's Covid-19 Relief Bill, Felix Koenig analysis the historical impact of minum wage bills on jobs and wages. ... Read more...
26 February 2021
The Economist examines the benefits of working from home in light of lockdown, and cites findings made by Nick Bloom that those who worked from home were more productive. ... Read more...
12 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
Employers are not vocal enough about the need for higher pay, writes Alan Manning, former chair of the government's Migration Advisory Committee and professor of economics aat LSE. ... Read more...
21 July 2020
Even in more advanced countries, national statistics have proved inadequate in recording informal workers outside the organised sector, especially the new breed of self-employed and temporary workers in cities... Read more...
05 May 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
As part of the new system, the government is expected to drop plans for a salary threshold of £30,000 for applicants. The government immigration adviser, the Migration Advisory Committee, recommended las... Read more...
15 February 2020
Nikhil Datta, trade and labour researcher at the London School of Economics has conducted research of 2,000 workers across the US and UK economy and found that most workers valued job security over flexibility.... Read more...
02 December 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
Contemporary labour markets are characterised by more atypical or alternative work arrangements. Some of these - like independent contractors - have emerged in the context of self-employment, while others - like zero hou... Read more...
22 October 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
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
On Brexit and the potential future trading options for the UK and the EU27. This interview was part of a larger piece for the 6 o'clock news programme. ... Read more...
17 September 2019
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
New UK evidence may lend support to heavier investment in transport infrastructure that facilitates longer-distance commuting, write Michael Amior and Alan Manning.... Read more...
23 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...
20 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...
19 July 2019
This week's guest blog comes from Christian Krekel, a Research Fellow at the Centre for Economic Performance, London School of Economics, working with George Ward from MIT Sloan and Jan-Emmanuel De Neve from Oxford Unive... 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
A recent study set out to explore how effective apprenticeships were at supporting students as they both learn new skills and make their way into the workplace. The researchers assess young people who completed their GCS... Read more...
12 July 2019
Since the advent of industrial robots, various studies have been published on "How industrial robots affect manufacturing". For example, according to an industry survey of 17 countries from 1993 to 2007 (Graetz, G and G ... Read more...
In an article for Bloomberg last month, Noah Smith notes that the hubbub about technological unemployment and falling wages is largely a lot of scary hand-wringing over what is possible rather than clear-headed analysis ... Read more...
11 July 2019
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Dr Chiara Cavaglia Make Devolution is also affecting "education and skills", e.g. with the Adult Education Budget being managed locally form 2019/20. With this in mind, the All Party Parliamentary Group on Apprenticeshi... 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
Snippet: ...'s virtually impossible However good the advice they get is are trying to understand the make your way through that is extremely hard and Professor Sandra McNally runs the centre for vocational education rese... Read more...
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...
Research by Nick Bloom, James Liang, John Roberts and Zhichun Jenny Ying on Ctrip in China showed a 13.5 per cent rise in worker productivity through work from home policies as employees completed their full shift of wor... Read more...
28 June 2019
26 June 2019
Workers facing occupational decline earn 2-5 per cent less over their careers; low earners can lose 10 per cent, write Per-Anders Edin, Tiernan Evans, Georg Graetz, Sofia Hernnas and Guy Michaels. ... Read more...
25 June 2019
Per-Anders Edin, Tiernan Evans, Georg Graetz, Sofia Hernnas, Guy Michaels As new technologies replace human labour in a growing number of tasks, employment in some occupations invariably falls. This column compares ou... Read more...
24 June 2019
One of these efforts can be found in an article by economists Francesco Caselli and Alan Manning. Its mathematical model is quite flexible: it allows many types of workers and many different consumer and capital goods.... Read more...
23 June 2019
22 June 2019
The introduction of an extra robot for a thousand workers reduces the employment rate by about 0.18-0.34 percentage points and wages by 0.25-0.5 percentage points. Looking at a sample of 17 countries, Georg Graetz and Gu... Read more...
20 June 2019
19 June 2019
Workers facing occupational decline earn 2-5 per cent less over their careers; low earners can lose 10 per cent, write Per-Anders Edin, Tiernan Evans, Georg Graetz, Sofia Hernnas and Guy Michaels.... Read more...
18 June 2019
"The striking fact is that over time, people simply do not adapt to being unemployed," says Jan-Emmanuel De Neve, an associate professor of economics and strategy at Oxford University and associate editor of th... Read more...
17 June 2019
MAC chairman Professor Alan Manning said: "Today's labour market is very different to the one we reviewed when the last SOL was published in 2013. "Unemployment is lower and employers in various industries are facing di... Read more...
14 June 2019
Explaining the changes, Professor Alan Manning, chair of the committee, said the labour market was "very different" to the one that existed during the last shortage occupations review six years ago."Unemployment is lower... Read more...
29 May 2019
However, pay varies among different sectors, which contributes to an earnings gap between men and women, write Chiara Cavaglia, Sandra McNally and Guglielmo Ventura. ... Read more...
21 May 2019
In this sense, one of the most complete studies to date was carried out by the economists Georg Graetz and Guy Michaels, of Uppsala University and the London School of Economics (in Robots at Work, The Review of Economic... Read more...
20 May 2019
18 May 2019
To try to anticipate the impact of the widespread adoption of artificial intelligence, beyond the anecdotal that the newspaper headlines may be about layoffs caused by automation, it is useful to analyze the real experie... Read more...
"We used to think that unemployment responded to growth in the economy. We used to think I it took about 2 percent growth to make any in roads into unemployment But the recovery since the recession has gone against that ... Read more...
13 May 2019
09 May 2019
A comprehensive study undertaken by the Bertelmann Stiftung and University of Sussex examines the real impact of the EU Single Market on incomes. Economists Giordano Mion (University of Sussex) and Dominic Ponattu (Bert... Read more...
08 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...
07 May 2019
Workers in the agricultural sector are among the most vulnerable to being paid below the minimum wage and HMRC needs to be more proactive in punishing non-compliant businesses, a leading employment expert has warned. ... Read more...
03 May 2019
01 May 2019
Snippet: ...ionally at the heart of most vocational courses, a major piece of research exclusively shared with Tes shows. The report by Andy Dickerson and Damon Morris, at the Centre for Vocational Education Research (C... Read more...
26 April 2019
In this latest blog post, Andy Dickerson and Damon Morris changes in skill utilisation and returns to skills over time in the UK.... Read more...
A company's performance during and after a recession depends not just on the decisions it makes but also on who makes them. In a 2017 study, Raffaella Sadun (of Harvard Business School), Philippe Aghion (of College de Fr... 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
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...
Original information: Chiara Criscuolo, Ralf Martin, Henry G. Overman, John Van Reenen. Some Causal Effects of an Industrial Policy. American Economic Review, 2019, 109(1): 48-85. Governments around the world provide la... Read more...
14 April 2019
There is growing concern that human jobs are being replaced by the rapid technological progress of artificial intelligence (AI), robotics, and automation (Acemoglu and Restrepo 2017, Brynjolfsson and McAfee 2014, Ford 20... Read more...
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...
12 April 2019
Robots are already driving productivity. Investment in robots contributed to 10 percent of GDP growth per capita in Organization for Economic Cooperation and Development (OECD) countries from 1993 to 2016.5 There is also... Read more...
08 April 2019
Robots increase productivity when used for tasks that perform more efficiently and at a higher and more stable level of quality than people. In a research focused on robotics for the Center for Economic Performance at th... Read more...
05 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
Snippet: Creating universities directly impacts the economic growth of the region Snippet: According to a study conducted by researchers at the London School of Economics in England and the Massachusetts Institute of T... Read more...
Secondly, workers are not being displaced by new technology. Business investment has fallen since 2016. There are countless reasons for this, many of them longstanding structural ones. One, which might have become more i... Read more...
29 March 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
However, the phenomenon that has promoted the economic viability of new technology around the world has been the reduction of prices. According to Graetz and Michaels [5], the price of industrial robots has been reduced ... Read more...
26 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...
The report was authored by Giordano Mion, a professor of economy at the University of Sussex, and Dominic Ponattu, a researcher at the Bertelsmann Foundation in Germany.... Read more...
21 March 2019
Jonathan Haskel worried by falling business investment driven by uncertainty.... Read more...
14 March 2019
"It's important to remember that China started with a much more broad-based and educated workforce when it embarked on its economic transition," says Swati Dhingra, from the London School of Economics. "India has seen m... Read more...
13 March 2019
Bank of England policy maker Jonathan Haskel warned that the UK may not see a material pickup in investment growth even if the government secures an exit deal with the European Union this month. Haskel, in his first spe... Read more...
11 March 2019
This new report, undertaken jointly by the Centre for Vocational Education Research and the What Works Centre for Local Economic Growth provides a real life example of how these questions play out in practice by looking ... Read more...
06 March 2019
These conclusions are consistent with not only theoretical models of economics featuring AI in general equilibrium (Aghion, Jones, and Jones 2017) but also with evidence on how the introduction of robots raised labor pro... Read more...
01 March 2019
Research indicates that universal child care might encourage people to have children. Spending on early-childhood programs tends to be related to an increase in fertility and a decrease in the gender wage gap, economists... Read more...
26 February 2019
Graetz, Georg and Guy Michaels (2017): "Robots at Work," Discussion Paper 1335, Centre for Economic Performance, London School of Economics and Political Science. ... Read more...
23 February 2019
"One of the features of these very big firms is that they've got high profits but they have low labor shares," said John Van Reenen, an economics ... [paywall] ... Read more...
A recent paper by economists from the LSE's Centre for Economic Performance suggests the introduction of the National Living Wage in April 2016 had such an impact. The paper examined closely the effects on the social car... Read more...
21 February 2019
But recent research by economists Nikhil Datta, Giulia Giupponi and Stephen Machin suggests that undesired zero-hours contracts may have become more prevalent because of minimum wage hikes. [paywall] ... Read more...
15 February 2019
But recent research by economists Nikhil Datta, Giulia Giupponi and Stephen Machin suggests that undesired zero-hours contracts may have become more ... [paywall] ... Read more...
14 February 2019
The UK government's lead adviser on migration has claimed that the Home Office's net migration target no longer drives policy. Alan Manning, professor of economics at the London School of Economics and chair of the Migra... Read more...
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
MGI was putting its finishing touches on the report in early 2016, but held its publication for the Brexit vote in March. "We weren't surprised by the outcome," Manyika told me. "We had been sitting on this research show... Read more...
07 February 2019
The UK needs a new era of policy activism with a 'future of good work' focus, write Christopher Pissarides, Anna Thomas and Josh De Lyon.... Read more...
06 February 2019
These machines are defined by The International Federation of Robotics as "an automatically controlled, reprogrammable, and multipurpose [machine]" (IFR 2014; see also Graetz and Michaels, 2015). ... Read more...
01 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
By Giulia Giupponi and Camille Landais Labour hoarding - the practice of retaining excess employees during a negative shock - could potentially help firms avoid re-hiring and training costs when economic conditions imp... Read more...
25 January 2019
The State of Working Britain blog is edited by Paul Gregg and Jonathan Wadsworth It may well be that we no longer care about estimating the number of immigrants in the UK (though this is doubtful). Government policy (at... Read more...
24 January 2019
A survey by Stephen Machin and Giulia Giupponi, two researchers at the London School of Economics, involved more than 20,000 self-employed, gig economy and zero-hours respondents. On average, workers on zero-hour contrac... Read more...
15 January 2019
A British study estimated the impact of public subsidies in regions in difficulty. If a gain for the job was found but the big companies, first beneficiaries, do not change their behavior, notes the professor of economy ... Read more...
14 January 2019
Autor and Salomons acknowledge that because they used such a general measure of technological change, they couldn't assess the impact of robotics specifically. They do cite work by Georg Graetz and Guy Michaels that did ... Read more...
04 January 2019
19 December 2018
Camille Landais, Giulia Giupponi interviewed by Tim Phillips, 07 December 2018 Even though countries all over the developed world implemented short-time work policies during the great recession, we didn't know whether ... Read more...
07 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
This report draws conclusions globally. For India, we understand there's been a lot of progress on improving allocative efficiencies. For many policy makers the next frontier is some of the capabilities which are interna... Read more...
26 November 2018
John Van Reenen comments on whether executives in many industries are sold on the technical revolution. "There is a big debate on whether robots are really delivering on the productivity benefits they might promise." ... Read more...
09 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
Left-behind places are lending themselves increasingly to the forces of populism and political disintegration, writes Riccardo Crescenzi. A complex flow of investment is spreading across the globe, connecting more a... Read more...
Alan Manning estimates that a minimum wage set at 50% of the median earnings will not result in big job losses. Manning's work had direct impact on the design of the UK National Minimum Wage in 1999, and some initial imp... Read more...
02 November 2018
Research by CEP Economists Nikhil Datta, Giulia Giupponi and Stephen Machin. "A report recently undertaken by three labour market economists has found that 44% of workers on zero-hours contracts would like more workin... Read more...
13 October 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
Of all economic indicators, a high employment rate is most likely to correlate with greater happiness, according to researchers. The London School of Economics consulted 29 academics, of whom 24 agreed that em... Read more...
12 May 2018
Several commentators have suggested that a domestic infrastructure bank could fill the void if the UK was unable to access EIB support. The LSE Growth Commission have promoted the creation of such an... Read more...
27 April 2018
Andrew Carter talks to Bridget Rosewell and Henry Overman about the merits of big infrastructure projects. In this month’s episode, our chief executive Andrew Carter talks with Bridget Rosewell, Co... Read more...
30 November 2017
24 November 2017
Nevertheless, manufacturers see cause for optimism. The U.S. economy has added some 41,000 manufacturing jobs since February, and large firms such as GM and Hyundai have announced new investments in U.S. facto... Read more...
18 May 2017
David Blanchflower, a former Bank of England policymaker and a London School of Economics professor, is saying that wages are likely to remain low for several years. He’s particularly critical of how the... Read more...
15 May 2017
The LSE Growth Commission sets out a new blueprint for inclusive and sustainable growth that deals with the challenges facing the UK, old and new. Based on the latest research, analysis and evidence from leadi... Read more...
03 March 2017
“Each business lobby is motivated — the worse you can make it sound at this point, the more likely your sector will get special treatment,” said Thomas Sampson, assistant professor of economi... Read more...
02 March 2017
Why has net migration continued to rise and successive government’s failed to hit their targets? According to the Centre for Economic Performance (CEP), the majority of those who come from the EU, do ... Read more...
23 February 2017
Britain’s tax laws are biased in favour of the self-employed and should be reformed to enable greater investment in people instead of buildings and machines, the LSE Growth Commission has said. This was ... Read more...
Professor Alan Manning of the London School of Economics, told newspaper Aftenposten in January that the Migration Advisory Committee he ... ... Read more...
02 February 2017
“The idea of trade wars these days, what politicians have in mind is really a 19th-century or early 20th-century conception of trade,” said Gianmarco I.P. Ottaviano, a trade economist at the London... Read more...
31 January 2017
Most experts have assumed the responsibilities of governance would temper Trump's trade posture. Given that nearly one-third of all U.S. trade is conducted with China and Mexico, a rupture risks severe eco... Read more...
New arrivals flock to the occupations and industries in which existing immigrants work, argues Barbara Petrongolo. Most economists would argue that there is not much of a trade-off involved in this choice. Th... Read more...
18 October 2016
[Jeremy] Corbyn too is proposing a solution ''which would reduce numbers'', despite the fact in its 2015 General Election briefing, the Centre for Economic Performance at the London School of Economics observed: ''There ... Read more...
06 October 2016
I am one of those people who, as she anticipated, have a bit of a problem with something Mrs May said about immigration: If you're one of those people who lost their job, who stayed in work but on reduced ... Read more...
05 October 2016
Economists see little to link migration and unemployment There is little evidence that migrants have displaced British workers from jobs. Indeed, the employment rate for UK nationals is now 74.6 per cent, the highest si... Read more...
Article includes nine charts to help provide an answer to 'And what is the real impact of immigrants on the rest of the workforce and the wider economy?' including: Jonathan Wadsworth a researcher at the London School ... Read more...
Article by Jonathan Wadsworth The Home Secretary on the Today programme said that she was happy to talk about immigration in the context of suggesting that there may be a link between immigration and lack of jobs and tr... Read more...
Working mothers in low-skilled jobs are being forced to either considerably reduce their hours or give up work altogether after having a second child, according to a wide-ranging study that suggests lack of access to chi... Read more...
08 August 2016
Less than a week after Briton's voted to exit the EU, the worlds second largest telecom company [Vodafone] has announced it is considering moving its headquarters from London to mainland Europe. Vodafone's warning could... Read more...
29 June 2016
The IMF, the Bank of England, the Treasury, the OECD, the London School of Economics and many more are... (no link available) This article was published by the Western Daily Press on June 20, 2016 [No link available] ... Read more...
20 June 2016
Myth: EU immigrants are taking Brits' jobs InFact: Researchers at Oxford, the LSE and NIESR agree; immigration doesn't affect British employment. Meanwhile, Brexit would hit jobs. Intuitively, if immigrants are takin... Read more...
01 June 2016
Em uma entrevista ao jornal Financial Times, o professor Alan Manning, da London School of Economics, diz que em sua visao sobre a historia dos salarios minimos, ele sempre se surpreendeu com como e possivel aumenta-lo s... Read more...
16 May 2016
John Van Reenen discusses a decade of weak wage growth worldwide and its consequences This interview was broadcast by BBC World News on March 8, 2016 Link to interview here Also on WUWM-FM , WUNC-FM, WBFO-FM, NPR/Na... Read more...
08 March 2016
Article by Jonathan Wadsworth Some commentators have suggested that the latest upswing has been characterised by a greater share of low skilled jobs in the recovery compared to previous upturns. If so then we can all bl... Read more...
02 February 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
The World Bank Group launched the Competitive Cities report [1] on December 10 - ''Competitive Cities for Jobs and Growth: What, Who and How,'' which represents almost two years of research and analysis to put together a... Read more...
18 December 2015
Georg Graetz and Guy Michaels (2014) teachers at the University of Uppsala (Sweden) and the LSE, have written a study called 'Robots at Work' that has examined the effects of the use of robots in 14 manufacturing sectors... Read more...
14 December 2015
We said in reporting official Labour Market Statistics that ''Three in four new jobs go to migrants from EU countries'' (News, Nov 12). This was wrong. The Office for National Statistics has stated that its estimates of ... Read more...
10 December 2015
Earlier this year in a blog entitled ''Robots are infiltrating the growth statistics,'' the Brookings Institution commented on jointly conducted new research from Uppsala University and the London School of Economics, wh... Read more...
09 December 2015
Now, robots in the past have never been job-killers. First investigations of scientists Georg Graetz and Guy Michaels on the effects of robots show an increase in labour productivity, added value and wages, but also a re... Read more...
01 December 2015
Article by Max Nathan Despite the recent hype, London's digital sector appears to have shrunk since 2010, with much of the 2000s surge wiped out, and has only recently turned the corner. This article was published onl... Read more...
06 July 2015
''Our ambition is to bring together the creativity and energy of Shoreditch and the incredible possibilities of the Olympic Park to help make east London one of the world's great technology centres,'' Mr Cameron said in ... Read more...
05 May 2015
As far as the government is concerned, London's Tech City is a success. But what effect has it had on employment in the area - and what are the downsides? The LSE's Dr Max Nathan is trying to find out what has worked a... Read more...
21 April 2015
Londoners show a greater willingness than the rest of the country to pay for broadband, reflecting very high usage in the capital city for both work and personal reasons. ''Speed matters,'' says Gabriel Ahlfeldt, associa... Read more...
05 August 2014
The upshot of this is that the price of labour (wages) has fallen and the price of capital has increased, so firms have had incentives to substitute cheaper workers for more expensive machinery and buildings. And while t... Read more...
30 June 2014
Article by Joao Paulo Pessoa and John Van Reenen The fall in productivity in the UK following the Great Recession was particularly bad, whereas the hit to jobs was less severe. This column discusses recent research expl... Read more...
28 June 2014
The UK's rate of unemployment has just hit 8 per cent and the number of people unemployed has risen to 2.5 million. According to researchers at the Centre for Economic Performance (CEP), while these figures are bad, th... Read more...
21 April 2010