Search Results for News

Financial Times

UK finally showing signs of productivity growth, say economists

John Van Reenen, a London School of Economics professor and former chair of Reeves’ council of economic advisers, estimates that annualised productivity growth is running at 1.6 per cent from the third quarter of 2... Read more...

The Guardian

A positive new report raises the question: was Reeves undermined by dodgy data?

New measures of productivity published by John Van Reenen, Anna Valero and Niki Barbas show a "meaningful pickup" in productivity, as highlighted by Heather Stewart in her column. ... Read more...

Project Syndicate

Why is Europe's economy falling short?

MIT's Simon Johnson sits down with fellow Nobel laureate economist Philippe Aghion to examine what ails Europe and how to revive its dynamism. ... Read more...

Financial Times

What if remote working, not AI, is to blame for weak junior hiring?

Peter Lambert and Yannick Schindler's research into reasons for a fall in entry-level hiring, shows the drop off began after Covid and before AI, John Burn-Murdoch discusses their findings in his Data Points column. ... Read more...

Project Syndicate

The mismeasurement of Europe's productivity

Philippe Aghion, Antonin Bergeaud and Luis Garicano argue that using purchasing power parity to compare US and European economies is misleading, saying that Europe does have a real productivity problem.  ... Read more...

CEP Announcement

David Metcalf (1942-2026)

With great sadness we have learnt that our good friend and colleague David Metcalf has passed away. Together with Richard Layard and Stephen Nickell, David set up the Centre for Labour Economics, which became the Centre ... Read more...

Project Syndicate

Only creative destruction will boost European competitiveness

Philippe Aghion writes about how major geopolitical developments have forced Europeans to rethink how they will ensure their own prosperity, security and sovereignty. Arguing that policymakers must not take innovation fo... Read more...

The Observer

Young people need a clear path to apprenticeships

Richard Layard writes for The Observer on the necessity for the Labour government to make youth apprenticeships a priority. ... Read more...

CEP Announcement

Anna Valero appointed as Industrial Strategy adviser

Congratulations to Anna Valero, distinguished policy fellow at LSE and director of CEP's growth programme, who has been appointed as industrial strategy adviser to the chancellor. Dr Valero, a growth and productivity ex... Read more...

CEP Announcement

Philippe Aghion wins Nobel Prize in economic sciences

Congratulations to Philippe Aghion, professor at the College de France and INSEAD, and at the London School of Economics, who has been awarded the 2025 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nob... Read more...

CEP Announcement

In Memoriam: Ghazala Azmat (1979 - 2025)

We are deeply saddened to hear that CEP associate Ghazala Azmat, Professor of Economics at Sciences Po, passed away on Saturday, 7 June. Ghazala was a leading applied microeconomist, known for her work on labour markets,... Read more...

CEP Announcement

Antonin Bergeaud named Best Young Economist of France, 2025

Congratulations to Dr Antonin Bergeaud who has been named the Best Young French Economist, 2025 by Le Monde and Le Cercle des Économists. The prize is awarded to a French economist under the age of 41 in recognit... Read more...

CEP Announcement

Funding for Centre for Economic Performance to boost economic growth

The UKRI Economic and Social Research Council (ESRC) has awarded the Centre for Economic Performance (CEP) £9.2mn for its five-year programme of work from 2025. This renewed funding will enable CEP to co... Read more...

The Guardian

'He's one of the best': The economist shaping Rachel Reeves's growth plans

John Van Reenen has spent his professional lifetime probing the weak spots of the UK economy. Now he is based in an office next to Reeves's at the Treasury, with his three fellow advisers. One Labour source says they str... Read more...

CEP Announcement

Almudena Sevilla made CBE in New Year?s honours

Congratulations to Almudena Sevilla, professor of economics and public policy in LSE’s Department of Social Policy, and associate of the Centre for Economic Performance who has been recognised in the New Year's Hon... Read more...

CEP announcement

Henry Overman appointed to Industrial Strategy Advisory Council

Henry Overman OBE, professor of economic geography at LSE and CEP research director, has been appointed to the Industrial Strategy Advisory Council, it was announced today. Professor Overman is one of 16 members of the ... Read more...

New Statesman

Labour's "good jobs" agenda could be transformative

Daniel Chandler discusses how the Labour party can develop a "good jobs" policy where work would provide dignity and respect for everyone, and be a key source of people’s meaning and wellbeing.  ... Read more...

Financial Times

Rationing access to apprenticeships is increasing the UK's skills deficit

Places for vocational training should be funded in the same way as degrees and match demand from young learners, says Richard Layard. ... Read more...

Freakonomics

How to succeed at failing, part 1: the chain of events

We tend to think of tragedies as a single terrible moment, rather than the result of multiple bad decisions. On this episode of Freakonomics, John Van Reenen, Amy Edmondson, Helen Fisher, Ed Galea, Gary Klein, David Ried... Read more...

The Hill

Does working from home damage productivity? Just look at the data.

Working from home keeps employees happy, reduces pollution by cutting billions of commuting miles and supports millions of employees with care and disability challenges in work. Nick Bloom reviews the existing data on wo... Read more...

The Economist

Nicholas Bloom predicts a working-from-home Nike swoosh

Nick Bloom explores the forces driving the predicted increase in remote work over the coming decade. He outlines that working from home will benefit firms, employees and society.  ... Read more...

CEP Announcement

Saul Estrin becomes a Fellow of the British Academy

Congratulations to Saul Estrin, emeritus professor of managerial economics and strategy at LSE and associate in CEP’s growth programme, who has been elected as a new Fellow of the British Academy.  He is amon... Read more...

Financial Times

Growing green awareness gives eco-innovation a competitive edge

Ralf Martin investigates whether consumers' environmental convictions will fade when confronted with higher prices, showing that consumers seem to prefer environmentally conscious choices, and indicating that changing at... Read more...

The Economist

For Britain to grow faster it needs better managers

John Van Reenen and Nick Bloom's study of management practices suggests that more than half of the productivity gap between Britain and the US is due to poor management. ... Read more...

TIME

Working From Home Is the Trend of the Year - And Next Year Too

Working from home accounted for only 5% of all workdays before the pandemic. But now it’s common to find many employees working from home at least part of the week. As of December 2022, almost 30% of paid workdays ... Read more...

CNBC Events

Hybrid work is here to stay

As the unofficial "Father of Hybrid Work", Stanford's Nick Bloom has spent years studying how we work and how we will work. He'll present new research and share his thoughts on what companies should be preparing for, a... Read more...

Prospect Magazine

The British economy is headed for a perfect storm

The UK has spent years in hock to a failed economic orthodoxy. Now the consequences are coming to a head—all at the same time, Will Hutton writes.  ... Read more...

Die Welt (German)

'Toxic Mixture' - UK's weak income fuels inequality in the country

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...

The Times

Brexit hitting production and wages, warns Resolution Foundation

Britain’s departure from the EU has damaged its competitiveness and will cut productivity and wages over the next ten years. Instead of the expected effect of narrowly reducing exports to the EU, Brexit has “... Read more...

Financial Times

Rees-Mogg asks public to say which retained EU laws they want to scrap

Thomas Sampson, an associate professor of economics at the London School of Economics who has modelled the effects of Brexit on UK trade, said there was no economic basis for the assertion that cutting EU regulation woul... Read more...

The New Statesman

How poor mental health costs the economy billions

Mental illness accounts for over 40 per cent of all sickness absence - reducing productivity at work. Richard Layard explains how this highlights the need for wellbeing provision in management practice. ... Read more...

The Times

It's time to take a firmer grip on companies and competition law

To understand what is happening to inequality between people we need to understand the behaviour of, and inequality between, firms. Papers published last month as part of the IFS Deaton Review of inequality in work, led ... Read more...

MIT Sloan

Want better forecasts? Start with better management

John Van Reenen shows that well-managed firms make better forecasts - and the traits of those well-managed companies might come as a surprise. ... Read more...

Financial Times

Stable job market is `mixed blessing? for UK workers

The pace of change in the UK jobs market has slowed to its lowest level in decades and, even the disruption of the pandemic, has been a far cry from the upheaval of the 1980s, according to research by the Resolution Foun... Read more...

The Times

Want a pay increase? Then move to a new job, says Resolution Foundation

Moving to a new employer offers a greater salary increase than staying put - and workers who resign to take up work in booming sectors stand to gain even more, according to research from the Resolution Foundation think t... Read more...

ITV News

Half of all businesses struggling to recruit new staff, survey finds

About half of all firms are struggling to recruit new workers and business confidence is dipping, according to new research from the CEP. Researchers also found that one in five are having issues retaining exi... Read more...

The Economist

Britain?s economy does not lack oomph, but productivity is lagging

Joint research from the Centre for Economic Performance and the Resolution Foundation suggests that financial officers expect the amount of workers moving from shrinking to growing companies will spe... Read more...

Financial Times

UK?s levelling-up agenda won?t solve productivity problem, report suggests

Findings from the Resolution Foundation and the Centre for Economic Performance challenge the government’s view that levelling up poorly performing companies or poorer regions will raise productivit... Read more...

Financial Times

UK?s levelling-up agenda won?t solve productivity problem, report suggests

Findings from the Resolution Foundation and the Centre for Economic Performance challenge the government’s view that levelling up poorly performing companies or poorer regions will raise productivit... Read more...

CEP announcement

Josh De Lyon wins TIISA Young Scholar Award

Congratulations to Josh De Lyon who has won a Trade and Investment in Services Associates (TIISA) Young Scholar Award for his paper The Labour Market Effects of Services Importing: Evidence from the United Kin... Read more...

Financial Times

The 2020s are set to be a decisive economic decade for the UK

The Resolution Foundation and Centre for Economic Performance of the London School of Economics launch an important inquiry, analysing how the country must grapple with recovery from Covid-19, the af... Read more...

Centre for Economic Performance

UK facing a `decisive decade? of change

The UK is facing a ‘decisive decade’ of change as five seismic economic shifts – the Covid aftermath, Brexit, the Net Zero transition, an older population and rapid technological change - com... Read more...

Financial Times

UK business groups call for mandatory reporting of ethnicity pay gap

Amid criticism of a government-commissioned race report for downplaying the extent of problems in the labour market, Alan Manning explains there's no evidence for pay gaps being smaller than they we... Read more...

The Conversation

Ensuring the minimum wage keeps up with economic growth would be the best way to help workers and preserve FDR?s legacy

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...

The Times

Pandemic turns up pace of workplace innovation

Research by Capucine Riom and Anna Valero finds the Covid-19 pandemic has forced businesses to adopt new technologies and ways of working that will increase the breadth of economic productivity. ... Read more...

BBC

Firms at risk: 'We are worried about how we can survive'

More than 900,000 small businesses are at risk of going under, according to research from Peter Lambert and John Van Reenen, and backed by former Prime Minister Gordon Brown. ... Read more...

The Independent

Around 900,000 small firms at risk in `cruel spring of bankruptcy? if Covid help stopped, Rishi Sunak warned

Research by Peter Lambert and John Van Reenen warns around 900,000 small firms – employing 2.5 million workers – are at risk of going bust if Covid-19 rescue schemes are wound up. ... Read more...

The Guardian

Gordon Brown calls for urgent budget help as 1 in 7 UK firms face collapse

Gordon Brown has called for emergency measures to support businesses in the budget after new research by Peter Lambert and John Van Reenen warned almost 1m UK companies were at risk of failure in the next thre... Read more...

The Daily Telegraph

Why Britain's falling population equals economic trouble

Alan Manning considers the possible outcomes of a drop in immigration and population growth on productivity, economic growth and the labour market. ... Read more...

Hindustan Times

Farm laws: What India can learn from Kenya?s agri experiment

Swati Dhingra examines a decade of high-quality farmer-buyer data from Kenya during a period when it introduced radical farm laws to encourage agri-businesses to determine impacts on small farmers. ... Read more...

Financial Times

Covid crisis threatens UK boom in self-employed work

New research by Jack Blundell, Steven Machin and Maria Ventura finds a fifth of the self-employed workforce expect to leave self-employment as a result of the Covid-19 crisis; and the proportion is h... Read more...

The Times

Self-employed switching to regular jobs

A survey by Jack Blundell, Stephen Machin and Maria Ventura finds one in five self-employed workers plan to switch to other forms of employment because of Covid-19. ... Read more...

The Guardian

A million people may quit self-employment in Covid-hit UK ? study

Survey findings from Jack Blundell, Stephen Machin and Maria Ventura finds the trend of more people working for themselves under threat during the Covid-19 pandemic. A fifth of the self-employed... Read more...

VoxEU

Importing inequality: immigration and the top 1%

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...

The Guardian

How coronavirus piled misery on India's workers

Shania Bhalotia, Swati Dhingra and Fjolla Kondirolli examine the impact of lockdown imposed in late March on more than 8,500 urban workers, finding 52% went without work or pay during lockdown, while less than... Read more...

Bloomberg

India?s Gen Z Risks Getting Left Out of Formal Jobs, Study Says

India has been struggling with an unemployment problem and the coronavirus pandemic. New research by Shania Bhalotia, Swati Dhingra and Fjolla Kondirolli, finds Federal and state governments recogniz... Read more...

Blogs: LSE Business Review

Why we need to do something about the monopsony power of employers

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...

The Independent

Low-income workers three times more likely to have hours cut during pandemic then high-income workers

'Realistic' unemployment rate is 15 per cent, and disadvantaged groups are much more likely to be affected, finds new research by Brian Bell, Mihai Codreanu and Stephen Machin. ... Read more...

The Telegraph

The future of skyscrapers: a mile high, slimmer than ever and made from wood

Paul Cheshire, associate of the CEP, talks about how planning rules shape London and why big-name trophy architects are used so often, in this piece about the future of skyscrapers. ... Read more...

Local Government Chronicle

Pay rather than visa system will tackle social care recruitment

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...

The Guardian

End of the office: the quiet, grinding loneliness of working from home

The assumption has been that remote workers slack without direct supervision. But do they? Economist Nick Bloom staged a trial – the first of its kind – involving 250 members of a Ctrip call cen... Read more...

The Telegraph

Social care targets UK jobless as Government closes off migrant recruitment in new points system

Social care companies are starting to tap into the growing pool of potential employees who have lost jobs in the Covid-19 crisis.  Alan Manning, former Chair of the Government's Migration Advisory ... Read more...

Felix Koenig wins the EALE Young Labour Economists Prize 2020

Congratulations to Dr Felix Koenig on winning the 2020 Young Labour Economist Prize from the European Association of Labour Economists (EALE). The prize was awarded for his CEP discussion paper: Technical C... Read more...

Blogs: Economics Observatory

How is coronavirus affecting the self-employed?

The self-employed are being hit particularly hard by the Covid-19 crisis. Many have been offered a lifeline through the government’s Self-Employment Income Support Scheme – but does it go far enoug... Read more...

The Independent

Lockdown burnout: Women face mental exhaustion as they juggle childcare, housework and jobs

Professor Barbara Petrongolo talks to the Independent about her research into how women are more likely to deal with homeschooling, childcare and chores around the house, even if they are working. ... Read more...

About Manchester

More than a third of self-employed `lack money for basics?

The survey, published by the LSE’s Centre for Economic Performance (CEP), finds that the self-employed have been hit particularly hard by the Covid-19 crisis, with around three out of every four responde... Read more...

The Daily Telegraph

Economy still in limbo as working parents continue to juggle childcare; With schools remaining closed, productivity levels will continue to suffer, writes Russell Lynch

But the short-term productivity hit of a workforce partly hamstrung by childcare, could be dwarfed by the longer-run economic blow to the children missing school and the wider economy, according to education e... Read more...

Independent

Women bearing burden of childcare and homeschooling in lockdown, study finds.

Report on research by Dr Claudia Hupkau and Barbara Petrongolo which suggests the coronavirus outbreak is widening the gender gap in the workplace and at home. ... Read more...

Blogs: LSE Business Review

How is Covid-19 affecting businesses in the UK?

Real-time survey data shows that 50% of companies had a lower volume of business in April, and the situation is expected to get worse over the next three months, write Swati Dhingra and Josh De Lyon. ... Read more...

Hindustan Times

It?s time to refresh old ideas like universal job guarantee

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...

Blogs: VoxEU

Protecting informal workers in urban India: The need for a universal job guarantee

The Covid-19 lockdown implemented in India is estimated to have tripled the urban unemployment rate. Most low-income urban workers will fall through the cracks of the provisions being put in place to supp... Read more...

Blogs: VoxEU

COVID-19 and gender gaps: Latest evidence and lessons from the UK

This column combines survey data from the UK with occupation classifications to show that that – unlike previous recessions – the current crisis is harming women’s labour market prospects mor... Read more...

Blogs: LSE Business Review

Covid-19 is increasing the divide in life chances between rich and poor

Lee Elliot Major and Stephen Machin propose reforms and urgent actions to tackle economic and educational inequalities in the UK. ... Read more...

New York Times

The World Has a $2.5 Trillion Problem. Here's How to Solve It.

The coronavirus has not yet exploded in the developing world, but poor countries are already suffering from the pandemic. Their economies have been battered by lockdowns, falling commodity prices, declining re... Read more...

TES

How rocketing unemployment damages children's education

Jenifer Ruiz-Valenzuela, CEP research economist, writes about how job insecurity during the Covid-19 crisis will dramatically affect education outcomes for the families involved. ... Read more...

Relevant research: Labour Markets

Economic incentives, home production and gender identity norms

Research on childcare and gender norms in Sweden, shows that policy changes had a bigger effect if they were in line with people's norms than if they worked against them. Published 2019. ... Read more...

Relevant research: Labour Markets

The gig economy and worker's preferences for steady jobs

This research finds that workers in atypical employment, such as gig economy workers, are willing to give up approximately 50% of their hourly wage for a permanent contract and around 35% of their hourly wage ... Read more...

Relevant research: Growth

Does working from home work? Evidence from a Chinese experiment

This paper uses evidence of increased productivity among two samples of call centre staff working from home to highlight the potential in new management methods. Published 2013. ... Read more...

CentrePiece

The UK's self-employed workers: who they are and what they need

Jack Blundell identifies groups among self-employed workers, to aid in finding methods to support and protect workers through public policy. ... Read more...

Blogs: LSE Politics and Policy

COVID-19 and wages: prepare for large cuts if you are younger and work in a small firm

Brian Bell, Nick Bloom, Jack Blundell, and Luigi Pistaferri estimate how the ongoing pandemic may impact earnings by age group, gender, and firm size. The data suggests that young men ... Read more...

Blogs: VoxEU

The large and unequal impact of COVID-19 on workers

The spread of COVID-19 has already had a large negative impact on labour supply and earnings of workers in many countries. In this column, the authors leverage newly collected data from the US and the UK to sh... Read more...

Bloomberg News Wire

How Low U.K. Unemployment Masked Holes Exposed By Virus Pandemic

The U.K. has record-high employment and the lowest jobless rate since the 1970s. But the labor market - and many workers - are more vulnerable to the economic fallout from the coronavirus than those headline n... Read more...

Blogs: VoxEU

Building effective short-time work schemes for the COVID-19 crisis

Short-time work is a subsidy for temporary reductions in the number of hours worked in firms affected by temporary shocks. Evidence suggests that it can have large positive effects on employment and ... Read more...

BBC Radio 4 Analysis

Unequal England

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...

National Review

Contra the Skeptics, Trade and Technology Really Do Benefit Most American Workers

Robots and other new technologies change the mix of tasks and jobs, but they do not decrease the overall demand for labor. Automation can replace existing tasks, especially jobs involving routine manual labor,... Read more...

Financial Times

UK backs restrictions on low-skilled migrants; Conservative government; Ministers say plans are based on aspects of Australia's points system

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...

Financial Times

The myth of crowding out

Yet, as it turns out, this economic theory might not hold. A new working paper by Enrico Moretti, John Van Reenen, , Claudia Steinwender, from the economics departments of the University of California, Berkeley and MIT,... Read more...

Los Angeles Times

News Analysis: Gender bias turned out to be a wonderful indicator of WeWork?s incompetence

Harvard Business School professor Raffaella Sadun and her colleagues have studied more than 12,000 companies and found that organizations that do the basic, boring work of managing - documenting processes, setting clear ... Read more...

OUP blog

How alternative employment contracts affect low wage workers

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...

The Century Foundation

How Robots Are Beginning to Affect Workers and Their Wages

Another widely cited study - by Georg Graetz at Uppsala University and Guy Michaels of the London School of Economics - also uses the IFR data but a different methodology, and shows that industrial robots increase produc... Read more...

Leverhulme Trust

2019 Philip Leverhulme Prize Winners

Congratulations to Benjamin Moll and Xavier Jaravel, who are both winners of this year's Philip Leverhulme Prizes.... Read more...

Investors Chronicle

PATRIOT GAMES; James Norrington examines how investors might position their portfolios in an era of economic nationalism

The Office for National Statistics (ONS) releases its Pink and Blue Books on the balance of payments at the end of October (interestingly the date is later than usual and coincides with the current Brexit departure date)... Read more...

LSE Business Review

Measuring the effect of innovation on productivity inside firms

A new data set helps address the lack of innovation data able to capture firms' internal mechanisms and behaviours, write Max Nathan and Anna Cecilia Rosso. What Works Well Centre for Economic Growth... Read more...

LSE Business Review

Book Review: Social Mobility and its Enemies by Lee Elliot Major and Stephen Machin

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...

C-Span

US Congress - Video Clip Of Race and Gender-Based Wealth Gaps [02:40]

Lisa Cook, Michigan State University Economics Professor references Opportunity Insights' Who Becomes an Inventor in America? The Importance of Exposure to Innovation by Alex Bell, Raj Chetty, Xavier Jaravel, Neviana Pet... Read more...

mepca

A Call to (Robotic) Arms

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...

EXPRESS (Online)

Piers Morgan takes swipe at Remainers' project fear after Britain sees investment boom

Another, Swati Dhingra, lecturer in economics at the London School of Economics, said that since the EU referendum, "the number of foreign investments and expansions… are showing disconcerting reductions."... Read more...

The Sunday Telegraph

Red alert for unions as Corbyn and Labour bid to reverse tide of decline; With the dogfight between pilots and airlines called off, overall disputes are the lowest on record amid a long-term fall in union members

Prof Stephen Machin, at the London School of Economics, says on the decline in membership: "It is not because of getting rid of unions where they are already in place, it is actually the failure to organise new workplace... Read more...

The Telegraph

How the trade unions? Labour stranglehold is belying their increasing irrelevance in the workplace

Prof Stephen Machin at the London School of Economics says on the decline in membership: "It is not because of getting rid of unions where they are already in place, it is actually the failure to organise new workplaces.... Read more...

Business in Vancouver

How Canada can up the country?s lacklustre innovation game

A new paper by economists Nicholas Bloom, John Van Reenen and Heidi Williams canvasses the principal policies that governments have used to nurture innovation. A Toolkit of Policies to Promote Innovation, Nicholas Bloom... Read more...

MENAFN

The AI road to serfdom?

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...

Financial Times

Martin Wolf: why rigged capitalism is damaging liberal democracy

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...

WeForum

Automation and jobs: When technology boosts employment

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...

VOXEU

Automation and jobs: When technology boosts employment

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...

WTO

WTO announces winners of 2019 Essay Award for Young Economists

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...

Capital (Newspaper)

What would happen if Facebook were turned off?

Such things occur outside idle thought experiments. Guy Michaels, of the London School of Economics, and Ferdinand Rauch, of the University of Oxford, studied the fortunes of Roman-era towns in Britain and France. When t... Read more...

LSE Business Review

How management structures can help firms hire and keep their best people

More structured managerial practices have a strong relationship with firm productivity, writes Daniela Scur. ... Read more...

The UK in a changing Europe

What the immediate impacts of a no-deal will have on UK trade

Dr Thomas Sampson explains what the immediate impacts of a no-deal will have on UK trade. Professor Thomas Sampson from @CEP_LSE explains what the immediate impacts of a #nodeal will have on UK trade.#Nodealexplain... Read more...

Die Welt

The dream of a better life for children is in danger; Not even half of the 30-year-old British reach the salary level of their parents. The phenomenon is less pronounced in Germany

Just 41 percent of all 30-year-olds earned more in 2017 than their parents did when they were the same age. Two decades earlier, the proportion had been two-thirds higher: in 1995, 69 percent of the age group were better... Read more...

Forbes Online

The Mobile Phone Ban In French Schools, One Year On. Would It Work Elsewhere?

Supporters of the ban cite research undertaken by the London School of Economics which shows that limited phone use in schools directly correlates to exam success, partly because of an increase in concentration. The same... Read more...

enmibarrio-parquelisboa (blog)

Los robots ya estan aqui / The robots are already here

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...

Tech Bang

Want to make the company more successful? Start with improving employee benefits

It can be seen from the strikes in Taiwan in recent years that for the company's top management, only shareholders are the most important targets for care. It is like giving them more benefits. But the British media The ... Read more...

World Finance

Why GDP is no longer the most effective measure of economic success

Lord Richard Layard, a professor at the London School of Economics, has been a pioneer in this area, and believes the government should prioritise policies that boost happiness over growth. His research has gone on to in... Read more...

Forbes Mexico

Bored?, let's look for job happiness

Beyond the fact that each one of us has to look for a concordance between the vocation and the labor field, employers can do a lot to achieve this goal. According to Lord Richard Layard, the elements that integrate work ... Read more...

Secolo d?italia

Benessere e azionariato dei lavoratori, avanza un nuovo ?modello?? / Welfare and employee ownership, is there a new "model" advancing?

The study conducted by Christian Krekel, George Ward and Jan-Emmanuel De Neve tries to shed light on the relationship between well-being and company performance. ... Read more...

What Works Wellbeing (blog)

HOW WELLBEING IMPACTS BUSINESS, AND DIFFERENCES BETWEEN RETAIL, MANUFACTURING, FINANCE, AND SERVICES

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...

VideoVox

The Rise of Superstar Firms

John Van Reenen, MIT, discusses work he has done on how 'superstar firms' such as Google and Apple have changed the global economy. The superstars, although big, employ relatively few workers and this has contributed to ... Read more...

TES (Online)

What if schools valued wellbeing more than results?

However, at this point in time, even some economists want a change in focus. For example, Professor Lord Richard Layard, from the Centre for Economic Performance at the London School of Economics, recently proposed that ... Read more...

Forbes

New Zealand Ditches GDP For Happiness And Wellbeing

Described as a "game-changing event" by London School of Economics Dr. Richard Layard, New Zealand's budget has set a new standard for progressive policy "no other major country that has so explicitly adopted well-being ... Read more...

naked capitalism

Mobility and the Desire for Sovereignity in Europe

By Gianmarco Ottaviano, Professor of Economics, Bocconi University. Originally published at VoxEU... Read more...

VOX CEPR Policy Portal

The economic geography of sovereignist Europe

By Gianmarco Ottaviano Economic geography strikes back. After a couple of decades of easy talk about the 'death of distance' in the age of globalisation, the promise of a world of rising living standards for all is inc... Read more...

McKinsey & Company

Happiness and work: An interview with Lord Richard Layard

The preeminent happiness researcher shares some surprising results on connecting well-being, mental health, and how employers can play a role in improving our lives at work. ... Read more...

The Pioneer

Why women must work

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...

Investors Chronicle FT

Damaging uncertainty

Thirdly, it is exporters who are being especially hard hit by Brexit uncertainty and it is these who tend to be more efficient than the average company. Brute maths, says Stanford University's Nick Bloom, means that this... Read more...

LSE Business Review

When firms have asymmetric market power, stronger multilateral cooperation is needed

Free trade is not necessarily efficient when larger, more productive firms can charge higher markups than smaller, less productive ones, write Antonella Nocco, Gianmarco Ottaviano and Matteo Salto. ... Read more...

CONVERSABLE ECONOMIST

Three Years since the Brexit Vote: Looking Back

3) In the Fall 2017 issue of the Journal of Economic Perspectives, and Thomas Sampson sums up the research on what is known and what might come next in "Brexit: The Economics of International Disintegration," In turn, I... Read more...

Farming UK

Egg producers criticise critical labour after Brexit list

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...

Financial Times

UK urged to expand priority list of occupations open to migrants

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...

Manufactura

Inteligencia artificial y automatizacion, ?el fin del trabajo humano?

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...

The Conversation AU

Bill Shorten's promise of a living wage is both realistic and necessary. But it's not enough

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...

American Economic Review

What drives differences in management?

Read more...

Bloomberg

The US Doesn't Need More Superstar Companies

Economists David Autor, David Dorn, Lawrence Katz, Christina Patterson and John Van Reenen, who wrote one of the first papers to bring attention to the phenomenon of rising concentration, also endorse a story of so-calle... Read more...

Business Standard

Are superstar companies killing competition and taking over the US economy?

Read more...

VOX.eu

Employee wellbeing, productivity, and firm performance: Evidence from 1.8 million employees

A growing number of companies place a high priority on the wellbeing of their workers, assuming that happier workers will lead to improved productivity. This column examines this link based on a meta-analysis of independ... Read more...

Caixan online / The blog of the Shannon Economic Academic Circle

Do we need industrial policies? Evidence from regional funding programs

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...

Le Monde

Quand une star scientifique meurt, d'autres idees fleurissent /When a scientific star dies, other ideas flourish

In 2010, along with two other colleagues at MIT and the University of California at San Diego, he had already observed that the productivity of former star coworkers decreased by 5% to 8% after such a fatal event. "Since... Read more...

Emirates Business

Low interest rates might be what is hurting growth

Meanwhile, a very interesting new paper by economists Philippe Aghion, Antonin Bergeaud, Gilbert Cette, Remy Lecat and Helene Maghin looks at the relationship between credit constraints and productivity at the level of i... Read more...

Yahoo Finance

Low Interest Rates Might Be What's Hurting Growth

Meanwhile, a very interesting new paper by economists Philippe Aghion, Antonin Bergeaud, Gilbert Cette, Remy Lecat and Helene Maghin looks at the relationship between credit constraints and productivity at the level of i... Read more...

Bloomberg Quint

Low interest rates might be what's hurting growth

Meanwhile, a very interesting new paper by economists Philippe Aghion, Antonin Bergeaud, Gilbert Cette, Remy Lecat and Helene Maghin looks at the relationship between credit constraints and productivity at the level of i... Read more...

Conversable Economist

What Did Gutenberg's Printing Press Actually Change?

In a similar spirit, I of course know that the introduction of a printing press with moveable type by to Europe in 1439 by Johannes Gutenberg is often called one of the most important inventions in world history. However... Read more...

LSE Business Review (Blog)

Gutenberg?s moving type propelled Europe towards the scientific revolution

Book prices fell, the salaries of university professors rose, and revolutionary religious ideas spread, write Jeremiah Dittmar and Skipper Seabold.... Read more...

VideoVox

Technological Revolutions Must be Matched by Policies

Phlippe Aghion (College of France, LSE, and CEPR) discusses work on merged datasets from the UK - one detailing occupation & wages, the other looking at R&D and investment. ... Read more...

Radio 4

@BBCPM

Economists believe "firms are more productive if they're in larger cities" says Henry Overman, a Professor of Economic Geography at the LSE. What Works Well Centre for Economic Growth ... Read more...

The Wall Street Journal

Despite Tight Job Market, Labor Force's Income Is Squeezed

"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...

Global Business Outlook

Robots and jobs: Evidence from the US

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...

Bloomberg

Plenty of Uber drivers are loving their jobs too

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...

Financial Times

The FT polled 81 economists about prospects for 2019

Swati Dhingra, associate professor, LSE Slowdown like earlier, low GDP growth relative to other OECD countries. Dampening of investments. Hard to predict numbers here because short-term forecasts are not the most relia... Read more...

The Review of Economics and Statistics, Volume 100, No. 5

Robots at Work

Read more...

Financial Times

May moves on workers? rights in pursuit of legacy beyond Brexit

Alongside the new labour market rights, the government is also set to create a new single labour market enforcement body following a review by David Metcalf, the UK's first director of labour market enforcement, who re... Read more...

CEP Urban and Spatial Programme Blog

Do foreign migrants `grease the wheels? of the labour market? [by Michael Amior]

Recent political developments in the US and Europe have led to renewed interest in the large and persistent regional disparities which plague our societies. These disparities have been partly driven by a secular decline ... Read more...

LSE Business Review (Blog)

Capitalising on technological change and the low-carbon transition in the UK

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...

The Telegraph (India) Online

Global economy: not alarming but worrying

"We see a lost generation," said Swati Dhingra, an economist at the London School of Economics. "There was already wage stagnation and productivity stagnation. The trade war has exacerbated all of that."... Read more...

International New York Times

Global Growth Cools, Leaving Scars of ?08 Unhealed

"We see a lost generation," said Swati Dhingra, an economist at the London School of Economics. "There was already wage stagnation and productivity stagnation. The trade war has exacerbated all of that."... Read more...

LSE Business Review

The economic consequences of the Brexit deal: the case of trade

Both the deal on offer and trading on WTO terms would reduce UK living standards compared to staying in the EU, write Thomas Sampson and Swati Dhingra.... Read more...

LSE Brexit blog

What are the economic consequences of May?s deal ? and of no deal?

What will the economic impact of Theresa May's deal be? And how does it compare to the no-deal scenario?The LSE's Centre for Economic Performance, in association with The UK in a Changing Europe, has modelled both scenar... Read more...

The Conversation

The economic cost of Brexit is unavoidable ? but that doesn?t mean it?s not worth it

We at The UK in a Changing Europe, working with the Centre for Economic Performance at the LSE and the Institute for Fiscal Studies, have reached similar findings, modelling specifically for how the prime minister's Brex... Read more...

Guardian

There can be no doubt any more: Brexit will make us poorer

You wait for months for an analysis of the economic impacts of Brexit, and then three come along at once. But, in contrast to the public perception that economists can't agree on even the most basic questions, like wheth... Read more...

Financial Reporter

Brexit to spark 4% drop in GDP: NIESR

Experts at the Centre for Economic Performance at LSE, King's College London and the IFS also released research today on the economic and fiscal consequences of Brexit. They estimate that the Brexit deal negotiated by th... Read more...

The Insider

Brexit deal 'could reduce UK economy by 5.5% of GDP'

Research by the London School of Economics Centre for Economic Performance, King's College London and the Institute for Fiscal Studies added a no-deal Brexit could hit GDP by as much as 8.7%. ... Read more...

Financial Times

The hunt for Brexit Plan B

The economic consequences of the Brexit deal New research by experts at the Centre for Economic Performance at the London School of Economics, King's College London and the Institute for Fiscal Studies has modelled the e... Read more...

Daily Business

May?s Brexit deal `could slash growth by 5.5% over decade?

The economic modelling in the report covers trade and migration. For trade, researchers at LSE's entre for Economic Performance used a state-of-the-art model of global trade. They assumed that the deal means that the UK ... Read more...

Financial Times

Theresa May?s Brexit deal to cost up to #2,000 a year per person

Undertaken by a consortium of academics and think-tanks, from King's College London, the Centre for Economic Performance and the Institute for Fiscal Studies, the study was funded by the government's Economic and Social ... Read more...

BBC News

Brexit deal 'could cut UK growth by 5.5%' by 2030

The PM's Brexit deal could leave the economy as much as 5.5% smaller in a decade's time than it would be if the UK stayed in the EU, a study has said. And the cost to the public finances could be as much as 1.8% of GDP,... Read more...

Metro Newspaper

Everyone is losing out and it's all your fault, Juncker tells Britain

The Brexit deal could leave the economy up to 5.5 per cent smaller in ten ... per cent, says the London School of Economics entre for Economic Performance, … ... Read more...

Bloomberg

May's Brexit Worse for Economy Than EU Membership, Research Says

Savings on the U.K.'s contributions to the EU budget would make up only a fraction of the potential damage to the economy, according to the joint paper by the Centre for Economic Performance and academic think tank The U... Read more...

Investment Week

Economists warn of GDP blow if May's Brexit deal goes ahead

The report, The economic consquences for the Brexit deal, was carried out by the Centre for Economic Performance at the London School of Economics, Kings College London and the Institute for Fiscal Studies (IFS). This co... Read more...

The Economic Times

A World Bank economist shows how to create the right jobs for a country

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...

Qrius

Brexit is a major and growing source of uncertainty for firms

The majority of businesses in the UK report that Brexit is a source of uncertainty. This column uses survey responses from around 3,000 businesses to evaluate the level and impact of this uncertainty. It finds that Brexi... Read more...

The Economist

Across the West powerful firms are becoming even more powerful

There is a rise of an innovative elite that is an engine of efficiency. Its members are companies that have mastered digital technologies and enjoy network effects that help them fend off slower competitors, says John Va... Read more...

Financial Times

Brexit doubts weaken productivity growth

Nick Bloom on Brexit uncertainty. A survey of 3,000 companies, funded by the Bank of England, which notes "Brexit's importance as a source of uncertainty has risen further in recent months". Nick Bloom, said: "Le... Read more...

The Wall Street Journal

Humans Are Winning the Battle With Robots

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...

The Independent

UK economy will suffer more than EU in 'no deal' Brexit scenario, warns IMF

The OECD estimated before the referendum that a WTO Brexit could cost the UK up to 5.1 percent of GDP over 15 years. A study by the London School of Economics estimated a 9.5 per cent hit. ... Read more...

The Wall Street Journal

The problem with innovation: the biggest companies are hogging all the gains

There is a “lack of self-awareness among lots of firms,” says John Van Reenen, professor of economics at the Massachusetts Institute of Technology. “Some think they are awesome. But they are ... Read more...

LSE Business Review blog

When a large company enters a local market, it stimulates local innovation

Proximity to a large plant plays an important role in the diffusion of knowledge and patent production, write Vincenzo Scrutinio, Christian Fons-Rosen and Katalin Szemeredi.    ... Read more...

LSE Business Review blog

What Twitter reveals about a company's reputation and productivity

Article by Maria Molina-Domene: Reputation plays an important signalling role in an imperfect information world and companies endeavour to preserve it. In this study, I evaluate empirically the role of reputat... Read more...

Rambler.ru

The impact of the fourth industrial revolution on the labor market

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...

Rambler.ru (Russia)

The impact of the fourth industrial revolution on the labor market

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...

Austin American Statesman (USA)

Eanes gets new school board president, record donation

Parents seeking a school cellphone ban for grades five through eight also spoke in Open Forum. “I’m here representing 612 families … asking for reforms to the district’s middle school ... Read more...

Wall Street Journal (blog)

Real time economics: is a tight labor market really, finally generating higher wages?

  Silicon Valley and the City of London should give up some of their massive gains from globalization to ensure workers in cities like Detroit and Hull do not continue to fall behind. But… &ldqu... Read more...

Science Times ? blog (China)

The ?headline party? is polluting our scientific and technological community

Recent studies show that scientific progress is decelerating and tends to stagnate on the whole. In the paper “Innovating Harder and Harder to Find?” published in March of this year, four economist... Read more...

Bilan

Businesses are widening income inequalities

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...

Policy network

Mastering the digital transformation

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...

FT

Dark factories: labour exploitation in Britain?s garment industry

Last year, the government appointed Sir David Metcalf to a newly created post: director of labour market enforcement. He published his first strategy last week, devoting a page to Leicester’s garment sec... Read more...

Out ? Law.com

Warning to UK employers on low paid labour market enforcement

Sir David Metcalf was appointed in January 2017 to provide oversight and set strategic priorities for the government's three labour market enforcement agencies: the national minimum wage (NMW) enforcement ... Read more...

SMEweb.com

Why robots are not taking our jobs

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...

SME

Why robots are not taking our jobs

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...

Asharq Al-Awsat

Maybe this is as Good as Innovation Gets

That daunting prospect has received some support from a new paper by economists Nicholas Bloom, Charles I. Jones, John Van Reenen and Michael Webb, entitled “Are Ideas Getting Harder to Find?” They... Read more...

Guardian

Firms could be named and shamed over abuse of workers' rights

Companies whose suppliers fail to pay the minimum wage or curb holiday pay could be named and shamed under a new regime proposed by the government’s workers’ rights tsar. In his first annual full s... Read more...

Entrepreneur

Your team wants to work from home. All you have to do is keep them connected

Although telecommuting is not yet universal, its adoption by technology giants and startups is very telling. Accordingly, many perks account for the meteoric rise of this nascent shift. On the employees’... Read more...

The Times

Perfectly timed heatwave stops economy from cooling down

The record-breaking bank holiday heatwave was perfectly timed to boost Britain’s economy after a decidedly cool start to the year, experts said yesterday.  Economists suggested that the hot spell wa... Read more...

BBC News

Measures to tackle low pay exploitation published

Firms which exploit staff could face higher financial penalties and increased risk of prosecution under recommendations to the government. A report by a government-backed body has made 37 recommendations in... Read more...

Video Vox

The UK productivity puzzle

What is the UK productivity puzzle? Ten years on from the Global Crisis, productivity growth in the UK lags behind that in economies such as France and Germany. Giordano Mion shares his work on why this &lsquo... Read more...

Les Echos.fr

Etendons la negociation collective aux seuils sociaux/ Let's extend collective bargaining to social thresholds

Economic publications show that these effects would have a strong impact on the level of macroeconomic equilibrium and consequently on that of structural unemployment. A recent article by Luis Garicano, Claire... Read more...

Vision Systems

Report: Robots are creating more jobs in Germany

"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...

Vietnambiz

If you keep the habit of arbitrary, business people themselves 'take the foot kicking'

Pointing out the weaknesses of the small business, Professor Nicholas Bloom and his colleagues developed a survey instrument for measuring business quality. According to the Vietnam Chamber of Commerce and Ind... Read more...

Elite Daily

Here?s how to get a free flight from NYC to Hawaii through Hawaii?s tourism contest

More industries have embraced remote positions in response to the desires of an evolving workforce, with a study by Stanford professor Nicholas Bloom finding that working remotely was directly tied to increase... Read more...

Bloomberg.com

Maybe this is as good as innovation gets

The scary idea is that easy-to-discover technology is a finite, exhaustible resource. … That daunting prospect has received some support from a new paper by economists Nicholas Bloom, Charles I. Jones, ... Read more...

Plastics Technology

Can manufacturing simultaneously add robots and people?

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...

CMI ? Chartered Management Institute

Why promotion breeds incompetence in managers

One study suggests incompetent managers are at the root of poor performance issues in UK offices, with 96% of the 800 HR professionals surveyed citing performance management as a problem at their organisation.... Read more...

TechNews (Taiwan)

Low turnover at home, high efficiency, research indicates no loss to the company

As urban traffic gets more and more jammed, housing prices in urban centers are getting higher and higher, commuting distances are getting longer and longer, and professional women have family burns in their h... Read more...

Deseret News

In our opinion: Creating the best learning environment means pocketing the phone

Scholars from the London School of Economics and Political Science found cellphone bans in classrooms had a neutral effect on high achievers, but had a positive impact on low-achieving students. ... Read more...

Business and Marketing Today News (Spain)

Inteligencia Artificial: etica que revoluciona/Artificial Intelligence: ethics that revolutionizes

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...

Forbes

A growing number of Indian Americans are leading America?s best business schools

But beyond just the numbers, the onset of globalization and its impact on international finance and global commerce has forced American business schools to seek new ways to burnish their “international&r... Read more...

Ad.nl

According to this study, everyone could work better at home/ Volgens dit onderzoek zou iedereen beter thuis kunnen werken

"The management of the company was a bit pessimistic," says  researcher Nicholas Bloom  in a Ted Talk about the research. "They expected the homeworkers to go to bed.&nb... Read more...

The Week

The hidden dangers of flexible work hours

One notable study was conducted in 2015 by Stanford University researcher Nicholas Bloom, who wanted to test whether the belief that workers slack off more when working from home was valid. Bloom and his crew ... Read more...

Red Pepper

Chartism for the 21st Century: Why trade unions are backing an overhaul of Westminster

And academics at the Centre for Economic Performance at LSE looked at the relationship between marginal seats and hospital closures between 1997 and 2005. They found “Marginality…has a significant... Read more...

Business Wire

IFR: Robots create jobs ? new research

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...

Parliamentlive.tv

Home Affairs Committee: Post-Brexit migration policy

Professor Alan Manning (CEP/LSE) gave evidence to the Home Affairs Parliamentary Committee regarding the post-Brexit migration policy. ... Read more...

Business Wire

Harvard Business Review announces 59th Annual HBR McKinsey Award winners

BOSTON--(BUSINESS WIRE)--Organizations need competent management just as much as they need analytical brilliance, argue the winners of this year’s HBR McKinsey Award, which honors the best Harvard Busine... Read more...

China Daily

App to reward non-use of phone

Smartphone disruption is an issue in schools too. A study by the University of Texas has suggested that just having a smartphone within eyeshot can reduce productivity, slow down response speed and reduce grad... Read more...

Lifehacker

Research shows working from home is better, as long as you can handle the isolation

Mautz cites a two-year study conducted by Stanford economics professor Nicholas Bloom, where 250 of 500 employees from China-based travel agency Ctrip volunteered to work from home. Then, over the 24 months, t... Read more...

Harvard Business School

Press Release: Associate Professor Raffaella Sadun Wins Harvard Business Review McKinsey Award for Best Article

Harvard Business School associate professor Raffaella Sadun and coauthors Nicholas Bloom of Stanford University and John Van Reenen of MIT have been named the first-place winners of the 59th Annual HBR McKinse... Read more...

Lavoce.info (Italy)

Productivity size weighs on productivity

Article by Giuseppe Berlingieri, Sara Calligaris, Stefano Costa e Chiara Criscuolo.  In Italy, medium-large and large companies are productive and competitive. The problem is that they are few compared to... Read more...

Scientific American

Cross-Check: Is science hitting a wall?, Part 1

Once again, I’m brooding over science’s limits. I recently posted Q&As with three physicists with strong opinions on the topic--David Deutsch, Marcelo Gleiser and Martin Rees--as well as this c... Read more...

The Daily Mail

Set your OWN salary: Firm allows employees to decide how much they are paid (and no it?s not an April Fool)

Jordi Blanes i Vidal, a professor at the London School of Economics, said such a system would work best in areas such as sales where there are clear markers of performance.  He said: 'But in s... Read more...

VoxDev

Do management interventions last? Evidence from India

  Article by Nicholas Bloom, Aprajit Mahajan, David McKenzie and John Roberts. In our recent research, we examine the persistence of an intensive management intervention carried out in India (Bloom et ... Read more...

Financial Times

Businesses back unrestricted access to EU workers after Brexit

British businesses want unrestricted access to European workers to continue after Brexit, describing them as better qualified and more motivated than their UK counterparts. The findings came in an interim repo... Read more...

Times of Malta

Brexit could cost the average Briton up to #1,700 a year

Disruption to trade caused by Brexit could cost the average Briton as much as £1,700 a year, with Remain-backing areas bearing the brunt, a report has claimed. The research suggested many of the worst-af... Read more...

Sputnika

Wann bringt Homeoffice eigentlich etwas?/when does home office bring something?

The creators of NEUARBEITEN explain why working from home in this country is still a niche topic and how it can still benefit employees and employers. … Home office offers employees one thing above all:... Read more...

Cope.es

Will a robot finish with your work?

"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...

Daily Star

Robots moving into law

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...

El Nuevo Diario (Spain)

64% of workers believe that robotics will destroy employment

"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...

The Irish News

DUP openly supporting further division in our divided land

Opinion – Letters to the Editor:  Alastair Hamilton must acknowledge Brexit realities Writing in the Huffington Post Invest NI chief executive Alastair Hamilton has described the concern that Brexit... Read more...

Campus Review (Australia)

Student smartphone obsession? There?s an app for even that

A 2017 University of Texas study found that simply having a smartphone within one’s view can reduce productivity, response speeds and grades. The results of another study , by the London School of Econom... Read more...

Campden FB

FB roundup: Rothschild, Berkshire, and family firm management Family firms have worse management practices, says study: New research has shown that second-generation family chief executives tend to exhibit poorer management practices, and that their firms suffer as a result.

All in the Family? CEO Choice and Firm Organization, by the Centre for Economic Performance at the London School of Economics, is the first study showing a causal link between dynastic family firms and poorer ... Read more...

Telegraph

App tackles digital addiction by rewarding users for avoiding their phone

Researchers at University of Texas last year claimed that smartphones could negatively affect attention span by just being in someone’s line of sight. Another study, conducted by the London School of Eco... Read more...

BBC Essex

Breakfast show

Guy Michaels interviewed live during a conversation about the impact of robots and technology on productivity in the UK. ... Read more...

Contrepoints

Les Geants du capitalisme menacent-ils la concurrence?/Do capitalist giants threaten competition?

The share of start-ups in employment in the United States has been declining since 1980. This is in line with that of David Autor and his coauthors on the rise of superstars, David Autor, David Dorn, Lawrence ... Read more...

Slates Star Codex

Technological unemployment: much more than you wanted to know

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...

Herald Scotland

Education experts say 'ban phones in school as they damage learning'

MOBILE phones in schools should be banned because they pose a much graver risk to children's education than previously considered, the author of a flagship report on their use says.  Increasing phone ... Read more...

The Times

Phone home

Other studies have come to similar conclusions. In 2015 researchers at the London School of Economics studied results at 91 secondary schools in London, Birmingham, Manchester and Leicester that banned mobile ... Read more...

Jeremy Hadall

Automation for the people

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...

BBC Radio 4

PM

Anna Valero gave a live interview on UK productivity. ... Read more...

Manufacturing Techonology Centre - MTC

Grasping the opportunities of robotics and automation

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...

Guardian

Research every teacher should know: self-control and learning

With technology such as mobile phones in some classrooms increasing distractions, the ability to improve self-control and delayed gratification has become a particularly important skill. Perhaps it’s not... Read more...

BBC Radio 4

PM [5:21:51]

   Anna Valero interviewed, speaking about the big picture of UK productivity:  low investment, bad training, bad management and lack of infrastructure. BBC business correspondent Jonty Bloom... Read more...

Financial Times

Like great coffee, good ideas take time to percolate

A decade ago, economists at Berkeley, Stanford and the World Bank conducted a randomised trial in which the bank paid for some textile factories in Mumbai to receive consulting advice from a global company. Th... Read more...

Chicago Booth Review

Economy-boosting ideas are increasingly hard to find

To sustain economic growth, the United States must double its overall research effort every 13 years. That’s because it is taking an increasing amount of effort to generate enough ideas to power the econ... Read more...

Wired Video

Documentary: how migrant entrepreneurs help power growth in the London economy

"Migrants are more likely, on average, to be self-employed and to start up companies." Max Nathan of CEP's Urban Programme interviewed for the documentary made by Wired in partnership with the Mu... Read more...

McKinsey & Company ? McKinsey Global Institute

Rebuilding trust in Europe: Three pathways

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...

The Economic Times (India)

How performance-based rankings are shaking up the rigid world of government

Rankings inform the world who is the biggest, the richest, the happiest, the saddest, the most powerful or the most successful. In the 1990s, Stephen Nickell at the Centre for Economic Performance in the Londo... Read more...

Gloucestershire Echo

Letters:Brexit aftermath is not rosy

…nearly six years.  The Centre for Economic Performance says that the vote has cost the … ... Read more...

Law Professors ? Antitrust & Competition Policy blog

Efficiency in large markets with firm heterogeneity

Swati Dhingra and John Morrow discuss Efficiency in Large markets with Firm Heterogeneity. ABSTRACT: Empirical work has drawn attention to the high degree of productivity differences within industries, an... Read more...

VoxDev

Management and the wealth of nations

Article by John Van Reenen A 15-year survey of 12,000 firms across 34 countries shows that management practices explain a large share of productivity gaps. Income differences between rich and poor countries... Read more...

Kaplan Herald (USA)

Rockland: cellphones at school? The principles differ

Students scored almost seven percent higher following strict phone bans at school, according to a 2015 study published by the Center for Economic Performance at the London School of Economics. ... Read more...

The Gleaner (Jamaica)

In-school productivity campaign/millennials & telecommuting ? productivity myths busted by recent research

A study conducted in 2013 by Nicholas Bloom, professor of economics at Stanford University, and graduate student James Liang, who is a co-founder of Chinese travel website Ctrip, proved that working at home in... Read more...

BBC Radio Kent

(1/11/2018 6:50:11 AM)

Snippet: ... there has been a study by the London School of Economics which found where mobiles were banned test scores improved. Richard Murphy, one of the authors, is interviewed o... ... Read more...

BBC Radio Kent

(1/11/2018 6:50:11 AM)

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BBC Radio Kent

(1/11/2018 6:50:11 AM)

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Les Echos

Les nouveaux mysteres de la productivite/The new mysteries of productivity

But these explanations are not enough. Economists therefore questioned the measure. And if productivity gains were too new to be detected by traditional statistical tools? In the United States, for example, th... Read more...

Forbes

Six ways to succeed at remote work

IBM recently made headlines for dismantling its policy that allowed remote work. The technology giant was following in the footsteps of Yahoo Inc., which in 2013 also called its employees back to the office, s... Read more...

Forbes

Prepare for a fightback against big tech

Fortunately, in an age when data is king, there are increasing amounts of facts and figures  to illustrate the problem. A paper published earlier this year by the Massachusetts Institute of Technology'... Read more...

SMOPO ? Schweizer Morgenpost (Germany)

Frankreich verbietet Mibiltelefone an Schulen/France prohibits mobile phones in schools

A study published in 2015 by the Center for Economic Performance of the London School of Economics found that after a telephone ban, students had nearly 7 percent higher test scores. ... Read more...

doc-research.org

Technological innovation: the challenges for labour

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...

Russia Today (TV)

The big country

A recent study by the London School of Economics found that banning mobiles can improve academic results ... Read more...

NyTeknik.se

"Roboten at dod, leve roboten"/"The robot is dead, live the robot"

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...

Londynek.net (Poland

France to impose total ban on mobile phones in schools

According to research carried out by the London School of Economics, students of schools where cell use is forbidden achieve better results by more than 6.4 percent. in relation to those studying in institutio... Read more...

Guardian

A tool or a distraction? How UK schools? approaches to mobile phones vary widely

The debate about access to mobile phones in schools is ongoing in the UK, where more than 90% of teenagers have mobiles. A recent study by the London School of Economics found that in schools where mobiles wer... Read more...

Fortune

The desperate search for the next great American idea

John Van Reenen, an economist at MIT and another of the “Ideas” paper’s authors, has performed studies that look at talent cultivation in the U.S. by trying to determine the likelihood of som... Read more...

Economy.bg (Bulgaria)

France completely forbids mobile phones in schools

According to a London School of Economics study of 2015, schools that have banned mobile phones in class have reported improved performance for their students. ... Read more...

Feminis Romania

See which country forbids the use of mobile phones in schools

However, research is on the French side, and in line with a study conducted in 2015 and published by the London School of Economics, school students who began to prohibit the use and even the presence of mobil... Read more...

KSYL.com Radio online

France to ban mobile phones in primary, middle schools starting next fall

The French education minister said it is a matter of "public health," and believes that "children should not be too often, or even at all, in front of a screen before the age of 7." A 2015 ... Read more...

Wirtualnemedia.pl

France wants to ban the use of smartphones in schools. ?The problem exists, but the ban will deepen the lack of understanding?

According to researchers from the London School of Economics, who carried out research in schools in Birmingham, London, Leicester and Manchester, where the ban was imposed on the use of cells, teens had bette... Read more...

Giga.de (Germany)

Smartphone-Verbot an Schulen: Frankreich geht vor ? sollte Deutschland folgen?/Smartphone ban in schools: france comes first ? should Germany follow?

According to a study by the London School of Economics, even a performance improvement of 6.4 percent was identified. A potential problem could be emergency situations where parents need to reach their childre... Read more...

GOV'T SLAVES

France is banning mobile phones in schools

Research is on Bloomberg—and the French government’s—side. According to a 2015 working paper (pdf) published by the London School of Economics, schools that banned mobile phones saw test scor... Read more...

Inc.com

A Stanford professor says working from home makes you happier and more efficient. There?s just 1 catch

Work from home or go to an office: which kind of workers are happier and more efficient? For the first time – surprisingly – there’s some solid academic research on the subject, led by a Stan... Read more...

KLAMM.DE (Germany)

Handys verboten! Frankreichs Regierung setzt auf Radikalma?nahme an Schulen/Phones prohibited! France?s government relies on radical measures in schools

  A study by the London School of Economics found that the test results of 16-year-old students after a complete ban on mobile phones in the school by 6.4 percent better than before. In France, one wil... Read more...

Kroneen Zeitung (Austria)

Frankreich: Komplettes Handyverbot an Schulen/France: Complete mobile phone ban at schools

Educators do not see it that black. Thus, the teacher and author Arne Ulbricht already spoke in 2015 to the "mirror" for a smartphone ban in schools: "Otherwise, we breed a generation that panic... Read more...

French Tribune

Mobile phones banned in French schools

Teachers and parents have expressed skepticism at the new plan, as already existing classroom phone bans are commonly broken. However, the government is basing their plan on research conducted by the London Sc... Read more...

Proto Thema.gr (Greece)

The "jungle of mobile" in schools: Students do not separate it!

However, according to a London School of Economics study on mobile phone issues, after the ban on mobile use, test scores improved by 6.4%. The impact on bad students was even more important, with their own sc... Read more...

ABC News

France to ban mobile phones in primary, middle schools starting in September 2018

The French education minister said it is as a matter of "public health" and believes that "children should not be too often, or even at all, in front of a screen before the age of seven." A... Read more...

Newsweek

Phones in school could be banned for 'Public Health' reasons

There's evidence that forcing students to put their phones away during school can help reverse some of the negative side effects. A 2015 study by the Centre for Economic Performance at the L... Read more...

Treehugger

France will ban cell phones in elementary schools

While Vincent does have a point, I think Blanquer deserves praise for his decision. There is no reason for children and young teens to be handling mobile phones at any point throughout the school day. They'... Read more...

The Times

Ban children from bringing mobile phones to school

Snippet: ...ist, but if for the sake of argument Leonardo had imagined them as aides to scholastic culture and attainment he would have been laughed out of the Renaissance. Now that they do exist, the evidence... Read more...

Foreign Affairs

The Truth About the Minimum Wage

Article by Alan Manning.  It has been more than eight years since many of the United States’ cashiers, dishwashers, janitors, lifeguards, baggage handlers, baristas, manicurists, retail employees, h... Read more...

Quartz

France is banning mobile phones in schools

On Sunday, France’s education minister announced that mobile phones will be banned from primary, junior, and middle schools, calling it a matter of “public health.”  Research is on Bloom... Read more...

Future of Work Commission report

(page 34) cites Georg Graetz and Guy Michaels, ?Robots at Work,? IDEAS Working Paper Series, 2015.

... Read more...

Derstandard (Austria)

Globaler Vergleich: Osterreich verschlaft Pensionsreformen/ Global comparison: Austria overseats pension reforms

The skepticism about future growth potential is becoming international. Stanford economist Nicholas Bloom recently pointed out that innovation as a growth engine has become increasingly costly. "What worr... Read more...

WMOT Roots Radio

Should you work from home?

Stanford Graduate School of Business professor Nicholas Bloom said in a TED talk earlier this year that requiring employees to be in the office is an outdated tradition that doesn’t take into a... Read more...

Polit.ru (Russia)

Technological progress is a devourer of jobs?

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...

PBOil&Gas

HRIQ: Oil and gas technology and labor

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...

LSE Business Review blog

If we want to create jobs in local areas, the idea of `local? needs to be revisited

New job openings attract not only local workers, but also those living relatively near, write Alan Manning and Barbara Petrongolo.  Place-based policies that target disadvantaged areas are widespread in b... Read more...

Freakonomics Podcast

Are we running out of ideas? - Freakonomics

Economists have a hard time explaining why productivity growth has been shrinking. One theory: true innovation has gotten much harder – and much more expensive. So what should we do next? John V... Read more...

Gloucester Live

Move over London ? Gloucester ranked in the UK?s top 10 most productive and entrepreneurial business areas

Post Budget analysis has focused on the UK's productivity woes - but a UK-wide report singles out Gloucester as a hotbed of entrepreneurial business growth and talent way ahead of the Capital. … The... Read more...

The Conversation (blog)

No, we aren?t running out of new ideas

We’ve picked all the low hanging fruit when it comes to new ideas, and the world is set for more parsimonious times. This is the idea put forward in a recent research paper by Nicholas Bloom, John Van Re... Read more...

FE Week

Hammond, take care where you sprinkle the skills cash

Article by Sandra McNally With the UK’s poor economic forecast doing few favours to the skills budget, government must ensure it’s putting money into policies that will actually raise overall pr... Read more...

The NBER Digest

Bang for the R&D buck is in a long, steady decline

In Are Ideas Getting Harder to Find? (NBER Working Paper No.23782), Nicholas Bloom, Charles I. Jones, John Van Reenen and Michael Webb argue that, to maintain a given rate of economics growth, resources devote... Read more...

EuroNews

Trump said America?s economy was better than Japan?s and he was probably right

Is it possible, as Trump’s statement suggests, to compare two countries’ economies and which indicators would we use to do so? GDP per capita is considered a baseline when comparing two economies. ... Read more...

RIETI

The rise of robots in the German labour market

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...

MyJoyOnline

Are the robots coming for our jobs?

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...

Business & Financial Times online

Is the future jobless with technology: the robots are coming for our jobs

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...

Daily Telegraph

The headmaster who banned mobile phones?and now wants to bring back textbooks

A growing body of evidence supports Mr Phillips’s stance. Schools where phones are banned saw scores improve 6.4 per cent for 16-year-olds and by 12.2 per cent for lower achieving students, according to ... Read more...

Tech.co

Why working remote can improve employee productivity

One of the most remarkable studies done to measure telecommuters’ performance was conducted by Stanford University. Led by Professor Nicholas Bloom, a team of scholars performed a Work From Home (WFH) ex... Read more...

News Shopper

Do mobile phones have a place in the future of education?

Study in 2015 published by the Centre for Economic Performance at the London School of Economics. showed that across multiple schools, when mobile phones were banned, tests scores went up an average of 6.4% in... Read more...

Derbund blog

Die dunkle Seite der Tech-Macht /The dark side of tech power

Sie hat zur Folge, dass der Anteil der Arbeitseinkommen am Gesamtprodukt schrumpft und die Ungleichheit zunimmt. Die Grafik unten zeigt für ausgewählte Länder, wie der Anteil der Arbeitseinkomme... Read more...

LiveMint

Innovation problem

Nicholas Bloom, Charles Jones, John Van Reenen and Michael Webb show through detailed analysis of firms that research productivity is declining even as research efforts are rising. One of their key findings: &... Read more...

Chicago Booth Review blog

The market power of `superstar? companies is growing

The standard metric of monopoly power is the concentration ratio, or the share of the market accruing to the top four (or 20) firms. In a 2017 paper, MIT’s David Autor, Christina Patterson, and John Van ... Read more...

Design World

The cost of having a manager annoy you

…there have been numerous studies claiming that better management – sometimes equated with more management – is the key to productivity. One in particular – done by economists in Stanf... Read more...

City A.M.

No matter what the research says about the UK as a whole, productivity in London is actually pretty good

An excellent study published last month by a research group at the London School of Economics looks at the differences in economic activity in varying parts of the UK. The finding are intriguing and sometimes ... Read more...

Guardian

Universities deplore `McCarthyism? as MP demands list of tutors lecturing on Brexit

Tory whip writes to every vice-chancellor to ask for syllabus and any online material Academics are accusing a Tory MP and government whip of “McCarthyite” behaviour, after he wrote to all unive... Read more...

The Times

Life without strife

An LSE study two years ago found that schools that banned phones did 6.4 per cent better in exams. ... Read more...

Quartz

We?re running out of big ideas

Modern-day inventors–even those in the league of Steve Jobs–will have a tough time measuring up to the productivity of the Thomas Edisons of the past. That’s because big ideas are getting har... Read more...

MIT Sloan Experts

Good managers, not machines, drive productivity growth - John Van Reenen

 Article by John Van Reenen. When people discuss what drives long-run productivity, they usually focus on technical change. But productivity is about more than robots, new drugs and self-driving vehicles.... Read more...

LSE Brexit blog

Why Brexit could hit productivity in the UK

UK economic performance has been poor since the vote to leave the EU in June 2016, but has not been the catastrophe that many predicted. Nicholas Bloom (Stanford) and Paul Mizen (Nottingham University) dr... Read more...

Spectator ? Coffee House blog

The embarrassing role of economists on Brexit

A major impediment to clarity has been the weight of advice from what Michael Gove calls ‘organisations with acronyms’ suggesting that  a ‘no deal’ on trade will greatly damage the... Read more...

Asian Robotics Review

Looking to make a fortune investing in robotics?

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...

LSE Research Briefing October 2017

New LSE report on uneven spread of UK industry

The South-East is not the country’s productivity engine, rather a band stretching west from the capital towards Bristol is, according to a new LSE report which challenges prevailing wisdom on the uneven ... Read more...

Ted.com

Talks ? Helen Pearson: Lessons from the longest study on human development

Another summary is offered in the introduction to this report Bucking the Trend (Jo Blanden, 2006) "A prime motivation behind the Government’s child poverty reduction strategy is the belief that gro... Read more...

Hrmasia

The working blues

The UK Centre for Mental Health calculated that presenteeism from mental ill health alone costs the UK economy £15.1 billion (S$26.5 billion) per annum, while absenteeism costs £8.4 billion (S$14.4... Read more...

LinkedIn

One small town sock maker?s fight to keep jobs and make it in a different America

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...

Forbes

Benefits of a lenient work-from-home policy

When it comes to debating a work-from-home policy, there are two schools of thought on the subject. While one group believes employees will abuse the system and productivity will be lost, the other believes th... Read more...

Foral.pl (Poland)

Gramy o więcej. Cała prawda o polskim rynku pracy / We play more. The whole truth about the Polish labor market

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...

Medium.com ? Third Way

Alexa, will automation destroy my job?

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...

Harvard Business Review

The real reason superstar firms are pulling ahead

But why is IT leading to winner-take-all competition? Bessen’s paper can’t answer that, however he raises two possibilities. It could be because “software development typically requires large... Read more...

Exame (Brazil)

Esta ficando mais dificil encontrar boas ideias?/Is it getting harder to find good ideas?

"Ideas, and in particular the exponential growth they entail, are getting harder and harder to find," according to a recent study by the National Bureau of Economic Research in the United States. The... Read more...

LSE British Politics and Policy blog

Where industry is strong and where it?s weak ? key facts of UK business geography

Financial services aren’t as London-centric as the creative industries, and the coast-inland divide is growing, write Sandra Bernick, Richard Davies, and Anna Valero. The UK’s financial services... Read more...

The Highlander (University of California, USA)

Banning cell phones at schools will only result in good

For instance, as reported by the Guardian, a 2015 study called “Ill Communication: Technology, Distraction & Student Performance” found that, after schools banned mobile phones, the test scores... Read more...

Huffington Post

Can We Talk? Schools Try to Wrest Cell Phones From Students' Hands

Another study, published by a journal of the London School of Economics and Political Science, found that student test scores rose in four schools that banned cell phones, with most of the rise occurring among... Read more...

Yeni Safak (Turkey)

Happier working at home

According to a survey conducted by Stanford University Professor of Economics Nicholas Bloom in Singapore, those who work from home are happier than those who work in the office. We asked the people who work a... Read more...

Telegram.com (Mass; USA)

Cellphones a tricky issue for school districts in Central Mass.

Whether students are better off under more lax phone rules is yet to be determined, according to some school officials who said their policies are still too new to properly evaluate. But some recent studies ha... Read more...

Trome (Spain)

Should companies let their employees work from home? This study states that it is the best option

This is stated in the unique study of Stanford University economics professor Nicholas Bloom. According to the study, the number of people working from home has tripled in the last 30 years. However, the numbe... Read more...

El Diario.es (Spain)

The technology affects employment, but the fault is not (only) Uber or the robots

"There have always been, but the increase in numbers seems to have started about 30 years ago," says MIT researcher John Michael Van Reenen, one of the proponents of this theory and co-author of the ... Read more...

Economist

The cost of innovation has risen, and productivity has suffered

But the exploitation of currently available knowledge is far from complete A recent paper by Nicholas Bloom, Charles Jones and Michael Webb of Stanford University, and John Van Reenen of the Massachusetts I... Read more...

Kurzy.cz (Czechoslovakia)

Governing excessive growth pessimism, we do not believe so many official numbers

There may come a whole range of inventions that we can hardly imagine today. Already existing innovations also need some time to affect productivity in production chains. This concerns robotics and a range of ... Read more...

The Wire

As scaling effects of research productivity diminish, India must step up R&D investment

A new working paper at the NBER looks into the productivity of research effort, that is, how research effort correlates with an increase in output. ‘Are Ideas Getting Harder to Find‘, authored by N... Read more...

Les Echos (France)

Productivity is cultivated

Over the last decade, economists have worked hard on the impact of management on productivity. The effectiveness of management, measured by a set of indicators (quality of internal monitoring, setting clear ob... Read more...

Howling Pixel

Technological unemployment

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...

LSE Business Review blog

Where industry is strong and where it's weak: Key facts of UK business geography

Article by Sandra Bernick, Richard Davies and Anna Valero: The UK’s financial services industry is not nearly as London-centric as the creative industries. Rather than the South East of England being the... Read more...

St Louis Post Dispatch

Why the world?s workers are losing to capitalists

Recently, a lot of attention has focused on the idea that monopoly power might be causing the shift. But the famous paper that draws this connection — by David Autor, David Dorn, Lawrence Katz, Christina... Read more...

NJ Today (New Jersey, USA)

Big ideas are getting harder to find

Nicholas Bloom, a SIEPR senior fellow and co-author of a paper released this week by the National Bureau of Economic Research, contends that so many game-changing inventions have appeared since World War II th... Read more...

CounterFire

Robots and AI: utopia or dystopia? Part one

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...

Farming UK

Exchange rate and other favourable countries sees UK migrant labour shortage

NFU Scotland warns that this will only "get worse year on year" for Scotland's soft fruit and vegetable sectors. The pre and post Brexit employment needs of Scotland’s fast-growing horticul... Read more...

The Times

The M4 corridor is more productive for the British economy than the southeast, report finds

The M4 corridor is more productive for the British economy than the southeast, report finds A study into the industrial breakdown of the country by the Centre for Economic Performance (CEP) at the London Sc... Read more...

Ideas.Ted.com

Why working from home should be standard practice

And if your boss is on the fence, here’s a compelling case study — from economics professor Nicholas Bloom — to show her. Imagine a person working from home. If you pictured somebody in pajam... Read more...

Writer Beat blog

Why small isn?t always beautiful: labor regulations and firm growth

Article by John Van Reenen What are the costs and benefits of regulation? Most countries treat smaller firms more generously when it comes to business regulation, exempting them from some of the burdens on ... Read more...

Vox

Ideas aren't running out, but they are getting more expensive to find

Article by Nicholas Bloom, Charles I. Jones, John Van Reenen and Michael Webb: The rate of productivity growth in advanced economies has been falling. Optimists hope for a fourth industrial revolution, while p... Read more...

The Times

Rise of the accidental manager lies behind UK's low productivity

Research from the Centre for Economic Performance at the London School of Economics, which developed a management performance score based on employee ratings of supervisors, found that Britain ranked fifth out... Read more...

Managers.org.uk

How accidental managers are draining productivity

Research from the Centre for Economic Performance at the London School of Economics found that the problem was particularly prevalent in Great Britain, with the country scoring just 3.03 out of five for manage... Read more...

Jordan Times

The two pillars of French economic reform

Article by Philippe Aghion and Benedicte Berner The French government has just announced the guidelines for a new labour code, its first major reform to boost France’s economy by giving more flexibili... Read more...

Pittsburgh Post-Gazette

David Brooks: The economy isn?t broken

In a well-functioning economy, workers are rewarded for their productivity. As output, jobs and hours worked rise, so does income. Over the past two years, that seems to be exactly what’s happening. T... Read more...

The Indiana Gazette

In reality the economy isn?t broken

In a well-functioning economy, workers are rewarded for their productivity. As output, jobs and hours worked rise, so does income. Over the past two years, that seems to be exactly what’s happening. T... Read more...

Financial Times ? Gavyn Davies? blog

American growth pessimism may be overdone

A fascinating new paper by Nicholas Bloom and colleagues at Stanford and MIT has created waves by claiming that ideas are getting harder to find, which implies that many more researchers are needed to maintain... Read more...

American Enterprise Institute

Around the web: Correcting the economic narrative, Greg Mankiw?s reading list, and more The economy isn?t broken after all

In a well-functioning economy, workers are rewarded for their productivity. As output, jobs and hours worked rise, so does income. Over the past two years, that seems to be exactly what’s happening. The ... Read more...

Stanford News

Stanford scholars say big ideas are getting harder to find

Nicholas Bloom, a SIEPR senior fellow and co-author of a paper released this week by the National Bureau of Economic Research, contends that so many game-changing inventions have appeared since World War II th... Read more...

IlSole24ore (Italy)

Smartphone a scuola, si on no? Come funziona all?estero/Smartphone at school, yes or no? How it works abroad

Effects would seem to be beneficial: a report from the Center for Economic Performance of the London School of Economics, published in 2015, estimated 6.4% improvements following bans, a week more than "r... Read more...

Financial Times ? Alphaville

It?s not about the low hanging fruit, it?s about the ideas

…the “dearth of new ideas” thesis still resonates. A new paper from Stanford’s Nicholas Bloom, Charles Jones, Michael Web and MIT’s John Van Reenen examines this particular aspec... Read more...

Blasting News (Italy)

Cellulari in classe? Arriva l?apertura della ministra Fedeli/Cell phones in class? The Minster of Faith opens

According to research by economists Louis-Philippe Beland and Richard Murphy published in 2015 on the British Center for Economic Performance at the London School of Economics in four English cities, combining... Read more...

Fudzilla

Humanity is running out of ideas

A team of top boffins is starting to worry that humans are running out of ideas and are citing the tech industry’s inability to come up with a solution for Moore's Law as a case study. Economic resea... Read more...

LSE Business Review blog

The value of good management

To what extent does the quality of management matter for a business to be successful? ask Nicholas Bloom, Erik Brynjolfsson, Lucia Foster, Ron Jarmin, Megha Patnaik, Itay Saporta-Eksten and John Van Reenen ... Read more...

Amplo Creative ? Business

Robots won?t take our jobs, but improve them

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...

Evolve Politics

Academy Head blames parents for awful GCSE results and then introduces ridiculous new rules for kids

Great Yarmouth High isn’t the only school in the county stepping up its strictness in attempt to improve its reputation. Tim Gibbs, headteacher of Reepham High, hopes the school’s new ban on mobile... Read more...

The A Register

Boffins fear we might be running out of ideas

Research just isn’t as effective as it used to be In a paper published Monday through the National Bureau of Economic Research, "Are Ideas Getting Harder to Find?", economics professors Nich... Read more...

Nelson Mail (New Zealand)

Golden Bay school challenging the norm over its wi-fi ban

A paper published by the London School of Economics in 2015 found banning mobile phones in schools resulted in a 6.41 per cent improvement overall in the school's' performance. ... Read more...

Business 2 Community

Automation: the future of your business?

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...

The Orange County Register

Taxing robots will hurt California innovation and opportunity

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...

Spectator

Off days

Snippet: .Is using a smart phone at school really that bad? Schools with an embargo on mobiles saw the test scores of 16-year-olds improve by 6.4 per cent on average, while the results of lower-achieving stude... Read more...

Social Europe

How Bad Will Brexit Really Be For The UK?

The great majority of the economic forecasts have concluded that Brexit will damage the UK economy. In the case of ‘no deal’ between the UK and the EU, the majority view is that the loss of GDP cou... Read more...

EUnited ? Robotics: European Robotics Association

German robots ? the impact of industrial robots on workers

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...

Newsreview.com

Are robots going to steal our jobs?

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...

News Review

Are robots going to steal our jobs?

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...

Financial Times

Low skills and poor infrastructure blamed for UK productivity gap

Higher skill levels among London’s workforce explains about two-thirds of the productivity gap between the capital and the rest of the country, according to Henry Overman, director of the What Works Cent... Read more...

Education Week

Can Banning Phones in School Curb Cyberbullying?

There's some evidence that banning phones correlates with better academic outcomes: A 2015 study released by the Center for Economic Performance at the London School for Economics and Public Policy found t... Read more...

Guardian

Do new roads boost the economy? The science is still finding its way

Steve Gibbons, a member of a London School of Economics team that has produced a series of reports on the subject, says any claims that infrastructure investment is a cost-effective way of generating growth sh... Read more...

Helensburgh Advertiser

Parents back idea of mobile phone classroom ban

The Conservatives have called for a national ban following a 2015 study by the London School of Economics which found that schools which banned mobile phones saw an increase in test scores – with improve... Read more...

The Gazette

Councils refuse to answer calls to ban mobile phones in primary schools

Academics at the London School of Economics found schools which restrict access to mobile phones “subsequently experience an improvement in test scores”. They also found banning phones “impro... Read more...

Dumbarton and Vale of Leven Reporter

Schools impose ban on taking mobile phones into the classroom

But the Scottish Government seem intent on leaving the question of mobile phones in the classrooms up to head teachers. A spokesman said: “Head teachers can already ban phones in school if they wish to, ... Read more...

Yahoo! Finance

Leading economists say #135bn hard Brexit boost claim 'defies gravity'

The LSE quartet – professors Thomas Sampson, Swati Dhingra, Gianmarco Ottaviano and John Van Reenen – do concede that there is, potentially, a very minor boost to going it alone. Their own model... Read more...

Vox

Smaller firms suffer far more from organised, mafia-style crime

Article by Roberto Ganau and Andrés Rodríguez-Pose Whether organised crime undermines productivity has been studied extensively in broad terms, but not at the firm level. This column uses exte... Read more...

Yahoo!Finance

Here's new evidence minimum wage hikes result in workers being replaced by robots

There is new evidence that raising the minimum wage pushes business owners to replace low-skilled workers with automation. And it shows that old, young, female and black low-skilled workers face the highest ... Read more...

Kingdom FM

Kingdom FM [14:00:01]

Mention of LSE study that found banning mobile phones from classrooms improved test scores. Click to open ... Read more...

Vox

Missing growth: How imputation and creative destruction affect TFP measurement

Article by Philippe Aghion, Antonin Bergeaud, Timo Boppart, Peter Klenow, Huiyu Li  Slowing growth of total factor productivity has led some to suggest that the world is running out of ideas for innova... Read more...

BBC News

Call for mobile phone ban in Scottish primary schools

Mobile phones should be banned from primary schools, according to the Scottish Conservatives. Scottish Conservative MSP Michelle Ballantyne urged the government to overhaul this guidance, calling for an out... Read more...

Scottish Daily Mail

Heads 'need to be able to ban phones'

Snippet: ...Scottish MSP Michelle Ballantyne highlighted research by academics at the London School of Economics into the impact of banning mobile phones in schools. The authors concluded schools that restrict... Read more...

Scotsman

MSP wants headteachers to be allowed to ban mobiles in school

Headteachers should have the power to ban mobile phones in schools, a Tory MSP has said. South Scotland MSP Michelle Ballantyne has urged the Scottish Government to overhaul its 2013 guidance on the use of mob... Read more...

HowlingPixel

Technological unemployment

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...

Forsal.Pl (Poland)

What about international trade after brexit? Here are the possibilities and their consequences

The Center for Economic Performance estimated that in the case of such a scenario over the decade, trade would have fallen by 40 percent and average income by 2.6 percent. ... Read more...

Consultancy UK

Real pay growth to stagnate in 2017 and 2018

Private sector workers too have seen a significant drop in real term wages in recent years, with an LSE study estimating an effective 10% decrease since the financial crisis to 2015. ... Read more...

The Sunday Times

A spanner in the works for Britain's growth

Snippet: Philip Hammond has said that if every region of the UK could match the productivity of London and southeast England, there would not be a productivity problem. The London School of Economics, which re... Read more...

Mediapart

Marx, Piketty et Aghion sur la productivite, par Michel Husson / Marx, Piketty and Aghion on Productivity, by Michel Husson

A recent critical work on a study by Philippe Aghion [1] suggests a parallel (heroic) with Marx's considerations on innovation. This contribution, after having quickly pointed out the contradictions s... Read more...

LSEIQ podcast

Episode 2 | What's the future of work?

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...

The Pie News

UK Home Secretary calls for report on EU migration

The UK’s Home Secretary Amber Rudd has commissioned a report on the impact Brexit will have on the UK labour market. A key sector for enquiry will be higher education, where 17% of academic staff are EU ... Read more...

Robotiq

5 shocking statistics from manufacturers who turned to robotics

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...

The Economist

America's uncompetitive markets harm its economy

New research suggests that too little competition deters investment Concentration may also hurt workers. Recent research by David Autor of MIT and four co-authors finds that “superstar” firms pa... Read more...

Vox

New road infrastructure: The effects on firms

Read more...

Bez (Spain)

Sin impulsos publicos en I+D, este capitalismo nos condena a la barbarie /Without public impulses in R and D, this capitalism condemns us to barbarism

Read more...

JamesACox blog

Productivity and robots

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...

New York Times

England's mental health experiment: free talk therapy

In 2005 David Clark, a professor of psychology at Oxford University, and the economist Richard Layard, a member of the House of Lords, concluded that providing therapy to people like Oliver made economic sense... Read more...

atd ? Association for Talent Development

Is working from home better than working in the office?

Although workforces are becoming more spread out and technologies such as videoconferencing are making workplaces more fluid, employees who work exclusively from home are still getting a bad rap. Their jobs ar... Read more...

Europeanceo

We need to tear down the silos and rebuild the digital economy

The digital economy is exacerbating the capital-labour disparity in global markets. A new competition authority with global remit is needed to reset the balance And, as the economists David Autor, David Dor... Read more...

Hatcher+ blog

How medieval accountants and AI created the jobless future

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...

Suratkabar.id

Ternyata Bekerja Dari Rumah Membuat Anda Lebih Bahagia dan Luar Biasa Produktif, Riset Ini Mengungkapkannya/ Apparently Working From Home Makes You Happier and Extraordinarily Productive, This Research Revealed

But it seems that the assumption is just a false assumption-if it can not be wrong. In fact, reported Inc.com report on Tuesday (07/17/2017), Professor Nicholas Bloom as an economist from Stanford recently exp... Read more...

Mundiario

La productividad laboral mejora cuando se trabaja desde casa

But what many ignore or is difficult to accept, is that when working from home, productivity increases. The latest statement is reflected in a study by Nicholas Bloom, a researcher at Stanford University, who ... Read more...

Developpez.com (France)

Employees working from home would be happier and more efficient than those on the premises of the company. What about France?

Nicholas Bloom, a professor at Stanford University, was interested in the phenomenon of working from home, a particular mode of work that allows employees of a company to stay at home rather than going into sp... Read more...

oikonomia.gr (Greece)

A new road to economic liberalism

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...

Roboteer-tokyo.com (Japan)

'Employment and wages increase rather than introducing robots' ... International Robot Federation Reports

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...

Harvard Business Review

A study of 16 countries shows that the most productive firms (and their employees) are pulling away from everyone else

Article by Giuseppe Berlingieri, Patrick Blanchenay and Chiara Criscuolo The corporate landscape has become increasingly unequal, with the most productive firms thriving and the least productive ones failin... Read more...

Bezprawnik.PL (Poland)

Working from home earns more, less often, and are happier than those working in offices

Nicholas Bloom, a professor at the Stanford Graduate School of Business, conducted a study on a large, multi-thousand research group: employees of a Chinese travel company Ctrip. Have not you heard of her? Not... Read more...

Project Syndicate

A new course for economic liberalism

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...

Quartz

Work from home people earn more, quit less, and are happier than their office-bound counterparts

Working from home gets a bad rap. Google the phrase and examine the results—you’ll see scams or low-level jobs, followed by links calling out “legitimate” virtual jobs. But Stanford Gra... Read more...

The core of the REVOLUTION (Korea)

`Robots introduced', contributing to competitiveness and job creation

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...

FD.nl (The Netherlands)

Ranglijsten: Nederland handhaaft zich als een na beste land ter wereld (en loopt in op Zwitserland)/ Leaderboards: Netherlands maintains itself as a second-best country in the world (and walks in on Switzerland)

On the fifth list that I use for the rankings of the Netherlands increased rankings again though. Dutch were something happier and are now a position higher, at place 6 of the Happiness index of economists Ric... Read more...

Blog-illusio.com

Comment la transmission de la politique monetaire americaine a change au cours du temps/How the transmission of U.S. monetary policy has changed over time

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...

BBC - capital

The many upsides of a happy workforce

There are many benefits to putting happiness at the centre of business and policy decisions, says economist Jan-Emmanuel De Neve, a professor at the University of Oxford’s Said Business School. He points... Read more...

La Nacion

?Riqueza o bienestar?/ Wealth or well-being?

According to a study by the London School of Economics (LSE), with the participation of the Organization for Economic Cooperation and Development, most human misery is not due to economic factors, but to faile... Read more...

LSE Business Review

The growing inequality between firms

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...

Blog-illusio.com

La croissance de la productivite menace-t-elle l?emploi ? / Does productivity growth threaten employment?

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...

IBS intelligence

Technology downtime is a major problem for the UK's banking sector

The average employee in the finance industry loses more than 20 minutes per day of productive time to faulty IT. This is ironic in a sector which has always been proud of its trail-blazing attitude to be an ea... Read more...

LaPrensa ? Economia

El crecimiento de las empresas superestrellas/the rise of superstar companies In most countries, workers' participation in national income has fallen for about three decades. Why?

Article by John Van Reenen with Christina Patterson Perhaps the cause is the "robbery-Apocalypse Now," that companies are replacing expensive people with cheaper machines.  We suggest another... Read more...

Financial Times

Overworked staff still love their bosses

Encouraging better work-life balance does not lead to higher productivity, academics at London School of Economics found. Neither does forcing workers into miserable servitude. Related publications &lsqu... Read more...

Kashmir Observer

How Mobile Phones (Mis)Use Is Affecting Our Health and Social Fabric

There are other consequences of using mobile phones as well. A research published by London School of Economics argues that banning pupils from carrying mobile phones in schools showed a sustained improvement ... Read more...

Forbes (Mexico)

La derrota de los peque?os/The defeat of the little ones

In a recent working paper presented by MIT, John Van Reenen and his co-authors document a clear global trend towards the fall in the share of income from Labour in total income. ... Read more...

Time

The continuing urgency of the Grenfell Tower inferno

In the days since the fire, Grenfell Tower has been held up as a tragic symbol of the social ills facing Britain: a detached political class; nearly seven years of a government-led austerity program that has s... Read more...

Stanford Business Insights

Why working from home is a 'future-looking technology'

Nick Bloom – a Stanford GSB expert shows how companies and employees benefit from workplace flexibility. Related publications Does working from home work? Evidence from a Chinese experiment, Nichol... Read more...

Stanford Business Insights

Why working from home is a 'future-looking technology'

Stanford Graduate School of Business professor Nicholas Bloom says requiring employees to be in the office is an outdated work tradition, set up during the Industrial Revolution. Such inflexibility ignores tod... Read more...

The Herald

Herald View: Holyrood's role means hard Brexit is dead and buried

But the greatest potential trouble is on Brexit, with the constitutional uncertainty growing and economists laying out this week just what a hard or chaotic Brexit could mean for the economy: the pound droppin... Read more...

South China Morning Post

On track: remote monitoring and artificial intelligence ensure more efficient railway systems along belt and road routes

High-speed rail has triggered a wave of innovation , according to a London School of Economics and Political Science discussion paper by Lin Yatang, Qin Yu and Xie Zhuan, which describes a 20 per cent increase... Read more...

Mdz

!Que vienen los robots!/The robots are coming!

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...

Politikon (Spain)

!Que vienen los robots!/The robots are coming!

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...

Politikon (Spain)

!Que vienen los robots!/The robots are coming!

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...

UniteWorks ? Unite the Union

Unite warns of deepening Tory `wage pain' as average wages continue to fall

Theresa May and the Tories’ ‘wage pain’ is leaving millions of people struggling to make ends meet warned Britain’s largest union, Unite as official figures out today (Wednesday 14 June... Read more...

Reason.com ? July 2017 issue

Are robots going to steal our jobs?

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...

CityWire

Crazy in ETF love? New study imagines bottling star quality

A new paper – by David Dorn of the University of Zurich, Lawrence Katz of Harvard University, and David Autor, Christina Patterson, and John Van Reenen of the Massachusetts Institute of Technology &ndash... Read more...

RT (Russia)

British wages in free fall, only crisis-hit Greece is worse in OECD

According to a London School of Economics (LSE) paper, Brits were the worst off when it came to their real wages, with pay falling by more than five percent between 2007 and 2015. Researchers for the presti... Read more...

Independent

The chart that shows UK workers have had the worst wage performance in the OECD except Greece

The UK has suffered the biggest drop in average real wages of any OECD country except depression-wracked Greece, according to a pre-general election analysis published by the London School of Economi... Read more...

Vox

The economic consequences of family policies

Article by Claudia Olivetti and Barbara Petrongolo. Family-oriented policies – such as parental leave, childcare support, and flexible work arrangements – are in place in all high-income countries,... Read more...

Market News

UK reality check: BOE wage growth forecasts implausible: CEP

Bank of England Monetary Policy Committee claims that nominal wage growth will return close to 4% by 2019 are "rather implausible and over-optimistic", according to two respected academics at the Cen... Read more...

Public Finance

NHS and social care staffing crisis `not addressed in general election manifestos'

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...

Gulf News Analysis

Superstar multinationals need to be put on a tight leash

As the economists David Autor, David Dorn, Lawrence F. Katz, Christina Patterson, and John Van Reenen show, the US industries with the fastest-growing market concentration have also seen the largest drop in la... Read more...

ccrmagazine.com

Centre for Economic Performance report on UK pay and living standards

Higher price inflation as a result of sterling’s depreciation following the vote to leave the EU, coupled with nominal wage growth stuck at a norm of 2% a year, means that once again the UK faces falling... Read more...

Jordan Times

Restoring digital economy competition

Today’s superstar companies owe their privileged position to digital technology’s network effects, whereby a product becomes even more desirable as more people use it. And although software plat... Read more...

Business Mirror

The rise of superstar firms

Article by John Van Reenen and Christina Patterson In most countries, labor’s share of the national income has declined for about three decades. Why? Maybe the cause is “Robocalypse Now”&m... Read more...

Arab News

Restoring competition in the digital economy

As the economists David Autor, David Dorn, Lawrence F. Katz, Christina Patterson and John Van Reenen show, the US industries with the fastest-growing market concentration have also seen the largest drop in lab... Read more...

Vox CEPR Policy Portal

Adding a piece to the productivity puzzle: Management practices

Read more...

The Cloudland Collective

`Robots are coming for your job!' ? Liz Ross

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...

Vox

Adding a piece to the productivity puzzle: Management practices

Article by Nicholas Bloom, Erik Brynfolfsson, Lucia Foster, Ron Jarmin, Megha Patnaik, Itay Saporta Eksten and John Van Reenen Disentangling the relationship between management practices and productivity ha... Read more...

Guardian

Unemployment is at its lowest since 1975, so why do people feel worse off?

One reason for the weakness of earnings growth is the ferocious squeeze on public sector pay, which – stripped of bonus payments – is rising at just 1.3% a year. A second factor is that employers a... Read more...

VOX

Great Divergences: The growing dispersion of wages and productivity in OECD countries

Article by Giuseppe Berlingieri, Patrick Blanchenay and Chiara Criscuolo Some firms pay well while others don’t; and some are highly productive while many aren’t. This column presents new firm-l... Read more...

CEP citations

`New Automation Technologies and Job Creation and Destruction Dynamics', Employment Policy Brief, International Labour Office p.3.

 ‘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...

The Institute of Employment Rights

Is a robot after your job?

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...

MIT Initiative on the Digital Economy

The labor impact of superstar firms

New research shows that the rise of ever-larger firms means that workers are getting a shrinking slice of a slower-growing economic pie. Increasingly, labor accounts for less and less of GDP in most co... Read more...

Harvard Business Review

Research: The rise of superstar firms has been better for investors than for employees

Article by John Van Reenen and Christina Patterson In America, labor’s share has been on the decline for about three decades, and it has accelerated since the turn of the century. The fall has al... Read more...

Bloomberg View

Good managers, not machines, drive productivity growth

Article by John Van Reenen. Managers are more frequently the butt of jokes from TV shows like “The Office” to “Horrible Bosses,” than seen as drivers of growth. But maybe things ar... Read more...

MIT Sloan Management Review

The importance of structured management practices

Article by Nicholas Bloom, Erik Brynjolfsson, Megha Patnaik, Itay Saporta-Eksten and John Van Reenen Our analysis of the Census data, conducted with Lucia Foster and Ron Jarmin of the U.S. Census Bureau and... Read more...

Financial Times

Economists point finger of blame over Brexit forecasts

On Monday, Swati Dhingra of the London School of Economics told the Royal Economic Society annual conference that most academic economists had predicted a 1-3 per cent fall in economic output by five years aft... Read more...

Wall Street Italia

Perche serve una nuova economia/Why we need a new economics

… Labor economists of the United Kingdom, as well as co-author of both Richard Layard that Steven Nickell, we need the introduction of the NAIRU in 1986. Related publications Combatting Unemployme... Read more...

The New York Times

`Superstar firms' may have shrunk workers' share of income

From manufacturing to retailing, giant companies have managed to gobble up a larger and larger share of the market. While such concentration has resulted in enormous profits for investors and owners of behemot... Read more...

Jakarta Globe

Britain Seeks to Plug Skills Shortages Sapping Productivity

While skills shortages are a crucial element, they are not the only factor behind Britain's weak productivity, said London School of Economics researcher Anna Valero. Low business investment, a lack of foc... Read more...

Reuters

RPT-Britain seeks to plug skills shortages sapping productivity

While skills shortages are a crucial element, they are not the only factor behind Britain's weak productivity, said London School of Economics researcher Anna Valero. Low business investment, a lack of foc... Read more...

Europe 1

Should we ban cell phones in school?

A brake to the concentration. Still, according to a study of 2015 to the United Kingdom by the London School of Economics, the use of the current mobile phone impair concentration. The study, which looked at t... Read more...

Repubblica.it

Irrinunciabile smartphone. 'Ma i divieti non servono'/Essential smartphone. 'But the bans are not needed'

Research by the London School of Economics in 2015 calculated that at maturity, in schools where the mobile phone is banned, the boys get ratings of 6.4% higher. Related Publications In brief ... Phone h... Read more...

Le Huffington Post (France)

Macron veut durcir la loi qui encadre l'usage du portable a l'ecole, mais qu'en est-il aujourd'hui?/ Macron wants to tighten the law that oversees the use of the laptop to school, but what about today?

According to a study published in the journal of the London School of Economics in may 2015, the ban on mobiles in schools would be beneficial for the academic performance of students. Researchers have shown t... Read more...

The Times

Britain `needs more skilled migrants' to help drive growth

Britain needs to attract more skilled migrants than ever, improve skills and education, strike trade deals with the European Union and America and secure a new EU passport for financial services. ESRC's... Read more...

Public Finance

LSE growth commission sets out economic reform proposals

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...

Bloomberg

Monopolies are worse than we thought

A recent paper by David Autor, David Dorn, Lawrence Katz, Christina Patterson and John Van Reenen speculates that tech might have enabled the rise of a few “superstar” companies in each industry. T... Read more...

Independent

Brexit four times worse for UK economy than previously believed, say MIT economists

New research claims leaving the EU will have bigger impact on UK productivity than had been thought Britain’s departure from the European Union could cause output losses of as much as 9.5 per cent, ac... Read more...

CNBC

Brexit will leave Britons more than $4,000 poorer, says MIT professor

Britons' incomes could be slashed by as much as 9.5 percent once the U.K. formally leaves the European Union, a new study released today by MIT economics professor John Van Reenen has claimed. The repor... Read more...

LSE Business Review blog

Work improves general happiness, but are you happy while you work?

By checking on people at random times of the day via an app, Alex Bryson and George MacKerron uncover the misery of work. Related links Alex Bryson, CEP Alumni, Labour Markets Programme. ... Read more...

Bloomberg Quint

Blame monopolies for short-changing U.S. workers

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...

New Statesman

How the government's industrial strategy could steal your job

Britain’s manufacturing heritage is told through faded photos of workers on assembly lines, or operating basic tools. But that was the 1970s, and in the 21st century, a factory has a lot more robots. Usi... Read more...

Carnetericpeyre.blog (France)

Carnetsecret: Bonne synthese d'Ariane Chemin sur le revenu universel ou l'on constate qu'il ne s'agit pas d'une question economique mais bien de societe

A multitude of studies weaken the prophecy of universal income advocates: that of researchers Georg Graetz and Guy Michaels (2015) , who found, by analyzing seventeen countries over fifteen years, the robot ha... Read more...

New Statesman

If you want to fix Britain's economy, there's one word you need to remember

And it isn't "infrastructure" Improving our management skills is part of this. John van Reenen at the London School of Economics has written about how the quality of management in different co... Read more...

BBC Radio 4

13:24

Snippet: ...Mention of  LSE research on productivity in UK compared to productivity in France and Germany ... that LSE researchers suggest that by Thursday lunchtime the other countries have produced... Read more...

Bloomberg view

Why the U.S. has a monopoly on jobless recoveries

In a new paper called “Is Modern Technology Responsible for Jobless Recoveries?,” economists George Graetz and Guy Michaels looked at 17 different developed countries, from 1970 through 2011. The t... Read more...

Bloomberg News

Why the U.S. has a monopoly on jobless recoveries

Most rich countries hire back workers after a recession. The U.S. replaces them with machines Economists have recently discovered that it’s middle-skill routine jobs -- think of cashiers, telemarketer... Read more...

El Pais

Opinion: Microempresa y productividad: lecciones francesas

El predominio de las firmas de menos de 10 empeados es in obstaculo para la productividad e internacionalizacion Article by Luis Garicano, Claire LeLarge and John Van Reenen The prevalence of firms of le... Read more...

Middlesex Minds (Middlesex University London)

Is a robot after your job?

Evidence published in 2015 by Michaels and Graetz from a dataset of companies in 17 countries gathered between 1993 and 2007, suggests that while productivity increases with robotic innovation and some semi-sk... Read more...

Forbes

We won't even know if a robot takes your job

Using national level data on worldwide robot shipments across 17 countries, George Graetz and Guy Michaels show that robots may have been responsible for about a tenth of the increases in those countries&rsquo... Read more...

Aftenposten (Norway)

Professor: 'Det er rett og slett ikke tilfelle at innvandrere tar jobbene fra dem som allerede bor i landet'

"It is simply not the case that immigrants are taking jobs from those who already live in the country" Professor Alan Manning denied that immigrants take jobs.  If it were so, wouldn't Ca... Read more...

Financial Times

The cost of taking mental health seriously

After decades languishing as one of the most underfunded medical problems, mental illness began to receive some of the attention it deserved under Tony Blair’s government. In 2006, a London School of Eco... Read more...

Foreign Affairs (New Zealand)

Press Release: Sir David Metcalf named as the first Director of Labour Market Enforcement

Sir David Metcalf has today (5 January 2017) been named as the first Director of Labour Market Enforcement to oversee a government crackdown on exploitation in the workplace. ... Read more...

The Times

It is the sport of kings and, apparently, tsars as well...

The minimum wage tsar is more interesting than the government would have you believe. The biography, as released by Whitehall, of Professor Sir David Metcalf, who has been appointed as the first director of la... Read more...

Home Office - gov.uk

Sir David Metcalf named as the first Director of Labour Market Enforcement - press release

Sir David, who was chairman of the Migration Advisory Committee until August 2016, will set the strategic priorities for the: Gangmasters and Labour Abuse Authority Employment Agency Standards Inspecto... Read more...

The Times

Employers face jail over minimum wage

Employers who deny workers the minimum wage could face two years in jail under plans to accelerate a crackdown on unscrupulous companies and gangmasters.  The government will appoint a “labour marke... Read more...

ElEspanol

EEUU asume la destruccion de millones de empleos por el 'boom' de los robots

So, the White House cites a study of 2015 by George Graetz and Guy Michaels made in 17 countries, that concluded that the robots helped to increase the wealth of those countries by 0.4% between 1993 ... Read more...

Harvard Business Review

Why the best hospitals are managed by doctors

A study published in 2011 examined CEOs in the top-100 best hospitals in USNWR in three key medical specialties: cancer, digestive disorders, and cardiovascular care. A simple question was asked: are hospitals... Read more...

Investor view.dk (Denmark)

Robot teknologi kan fa hjaelp I 2017

We have seen signs that the companies which manage to exploit the robots and the Internet of Things (IoT) in their production machinery can compete with factories in the distant economies. This trend is furthe... Read more...

Bloomberg view

Little improvements crowd out world-changing innovation

Economists Nicholas Bloom of Stanford and John Van Reenen of the Massachusetts Institute of Technology (along with several co-authors) have been compiling evidence for a while now that companies that follow ma... Read more...

Sensafiltro

L'Industria 4.0 e il futuro del Made in Italy

In fact the industry 4.0 represents a great opportunity for our manufacturing and for once never catches us completely off-guard. According to a recent study carried out by economists George Graetz and Guy Mic... Read more...

The Daily Telegraph

Minister: Teachers should confiscate iPads as pupils use them to bully and harass

More than 90 per cent of teenagers have mobile phones, but a study by the London School of Economics claimed schools where they were banned saw test scores rise by an average of 6 per cent. ... Read more...

Financial Times

May seeks solution to productivity conundrum

Skills policies would ideally be co-ordinated with the government’s proposed new industrial strategy. “In the long-run, skills are really important for growth,” said Stephen Machin, co-chair ... Read more...

Sunday Herald (Scotland)

'Tory austerity crippled the economy, and Brexit is going to ruin it - yet Theresa May still has no plan'

The impact on productivity is as bad. The LSE (Centre for Economic Performance) suggests reduced trade will reduce productivity amounting to between 6.3 per cent and 9.5 per cent of GDP. This article was pu... Read more...

Robotics Business Review Magazine

British robotics must catch up with global competitors

Moreover, the recent “Robots at Work” study carried out by Uppsala University and the London School of Economics (LSE), found that, as of 1993, the U.K. ranked eighth out of 17 developed countries ... Read more...

Countercurrents.org

Can a President Trump follow his signature agenda?

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...

Plastics Today

Productivity numbers send mixed - maybe wrong - signals

Given the increased usage of robotics and other automation, how will that impact the productivity numbers? In July of 2015, Georg Graetz and Guy Michaels published a paper, “Estimating the Impact of Robo... Read more...

FXStreet

What will Brexit do to Britain's growth rate?

We have gone back to the post-Brexit growth forecasts made earlier this year by six organisations – the NIESR, the Treasury, the OECD, the London School of Economics, the Confederation for British Indust... Read more...

Yale Global Online

Four fallacies about trade and globalization

Article sources a figure from 'Guessing game: Actual job losses due to robots may not be as bad as anticipated for most countries' (Source: George Graetz and Guy Michaels, “Robots at Work”.... Read more...

The Conversation

A hard Brexit and reduced migration won't benefit UK workers

Article by Barbara Petrongolo In the wake of Britains vote to leave the EU, the big debate has switched to what relationship the two should have post-Brexit. Top of the agenda is access to the single market and freedom ... Read more...

LSE Business Review blog

New immigrants don't affect the job prospects of UK-born workers

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...

Migration Matters

Do migrants take away jobs?

Part 2/6 from six impossible ideas (after Brexit) Many people think that migrants take jobs away from citizens, reduce wages or both. But you may also have heard the argument that immigrants benefit the economy because ... Read more...

The Times

Playing it safe may mean giving Brexit Britain a very wide berth

Foreign direct investment is also much more economically potent than the domestic variety. It brings with it new technological and managerial knowhow that can dramatically boost productivity, according to London School o... Read more...

Yahoo! Canada Finance

Why income inequality among white collar workers is growing

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...

BBC Three Counties Radio

Jasmeen Khan

Caller mentions research by the Centre for Economic Performance at around 01:11:05 Caller: ... not in many cases a cynical attempt on the part of employers to simply cheat workers by paying them the lowest wages that th... Read more...

Financial Times

Free Lunch: My country right or wrong

Many government ministers have suggested that immigration is an obstacle to natives getting jobs. Jonathan Wadsworth takes up the home secretary's challenge to talk about immigration and how it may affect young people's ... Read more...

The Independent

Jeremy Corbyn's reaction to what Theresa May said about immigration was the last thing Labour needed

[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...

The Independent

`Return of the nasty party' claims over Tory crackdown on foreign workers

In a briefing sent afterwards, it was made clear that other measures to be considered would be, ''whether employers should have to set out the steps they have taken to foster a pool of local candidates, set out the impac... Read more...

Financial Times

Proposals on lines of foreign workers cause outcry

Academic studies also find little link between migration and unemployment. Economists from the Centre for Economic Performance at the London School of Economics say that when they look at the areas with the largest incre... Read more...

The Telegraph (online)

On immigration and jobs, Theresa May employs the post-truth politics of Donald Trump

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...

The Financial Times

Proposals on lists of foreign workers cause outcry

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...

The Independent

What do immigrants do for the UK economy? Nine charts Conservative ministers seem to be ignoring

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...

The Independent

Immigrants who 'consume' Britain's wealth are not welcome, Liam Fox says

A study by the London School of Economics published earlier this year found that EU immigration had no negative impact on British wages, jobs or public services. That research echoed the findings of countless other studi... Read more...

The Economist

Free Trade: Coming and going

Truth and myth about the effects of openness to trade In other rich countries, regions or industries with heavy exposure to Chinese imports also suffered material losses in factory jobs. A study of Spain's jobs market b... Read more...

indy100 Independent

Jeremy Corbyn is absolutely right about immigration. Here's why

3. Immigrants have not depressed the wages of UK workers A report by the London School of Economics this year showed that there was no correlation between an increase in immigration and the recent dip in wages. While ... Read more...

Robohub.org

The robot economy: interview with Alan Manning

In today's interview, we sat down with Alan Manning, Professor of Labour Economics at the London School of Economics. He is a leading author in his field, particularly in understanding the imperfections of labour markets... Read more...

The East Anglian Times

Will you harm your child's academic progress if you buy them a new iPhone 7?

Last year, a study by the London School of Economics claimed schools where mobile phones were banned saw test scores rise by an average of 6%. Perhaps a study should look at the gains such a move could make when it comes... Read more...

Money Week online

How we can profit from winning the battle against ageing

Alzheimer's and other forms of dementia affect huge numbers of people - a third of all over-80s have some form of dementia, estimates the US CDC. This has two key effects. Firstly, Alzheimer's is a major killer in its o... Read more...

Handelsblatt

Taten mussen folgen

Even [Sadiq] Khan's predecessor Boris Johnson campaigned with several plans to build 55,000 new homes in London and to slow down the price increase caused by demand pressures. Up to the end of his tenure, he failed. Khan... Read more...

The Age (Australia)

For faster growth, companies need better chief executives

A paper by Nicholas Bloom and others, from Stanford University, finds that well-managed firms perform better than their peers and make a greater contribution to a nation's total-factor productivity. ... Bloom and colleag... Read more...

The Sydney Morning Herald

Faster growth demands better chief executives

A paper by Nicholas Bloom and others, from Stanford University, finds that well-managed firms perform better than their peers and make a greater contribution to a nation's total-factor productivity. ... Bloom and colleag... Read more...

The Conversation

How universities boost economic growth

Article by Anna Valero In 1900, just 1% of young people in the world were enrolled at university. Over the course of the next century this exploded to 20%, as recognition of the value of such an education became widespr... Read more...

Accuracy in Academia

Do colleges + universities = economic growth?

''We estimate fixed effects models at the sub-national level between 1950 and 2010 and find that increases in the number of universities are positively associated with future growth of GDP per capita (and this relationsh... Read more...

This is Money

Tax-free childcare is on the way - but will your family be any better off and how will it compare to childcare vouchers?

The average cost of full-time childcare across the UK for a child under the age of two is £217.57 a week. Part-time care (25 hours, as opposed to the full 50) costs £116.77 a week. Assuming both parents work ... Read more...

Bloomberg View

The age of the never-ending performance review

For the past decade, Stanford economist Nicholas Bloom and a rotating crew of co-authors (most consistently MIT's John Van Reenen) have been documenting that the management best practices developed at high-performing com... Read more...

Viet Q.vn (Vietnam)

Tang nang suat lao dong len 800% voi robot naha kho cua My

The likely Locus of search robots and packaging of 25 thousand square meter warehouse helps to increase the productivity of the warehouse up to 800 percent. A previous study of Georg Graetz scientists and Guy Michaels (... Read more...

CIPD

Government urges employers to make breastfeeding at work easier

New initiatives planned to end 'unacceptable and unlawful' discrimination against working women Employers are being told to do more to help mothers breastfeed their babies at work, as part of the government's latest i... Read more...

Pop Off Quotidiano.it (Italy)

Il grande bluff della robotizzazione

Davvero i robot ci ruberanno il lavoro? A che cosa serve davvero l'automazione? Tutte queste predicazioni hanno in comune di invitare i popoli ad abbandonare qualsiasi progetto di poter in qualche modo essere protagonist... Read more...

Naked Capitalism

How CEOs get paid for luck

By Brian Bell, Associate Professor, Department of Economics, and John Van Reenen Director of the Centre for Economic Performance and Professor of Economics at the London School of Economics. Originally published at VoxEU... Read more...

CIPD

Most mothers 'forced to give up work after second child'

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...

The Daily Mail online

Having a second baby forces women into poverty: Childcare costs see mothers in low-paid jobs give up work to look after children instead

The addition of a second child can put families under serious financial strain - and in the case of women on the lowest incomes - convince them to give up work altogether in the face of rising childcare costs, a new st... Read more...

Guardian

For UK women in low-paid jobs, a second child is a mixed blessing

A new study finds that, while the addition of a second child has little effect on the working hours of mothers in skilled jobs, it has a substantial and negative effect on low-skilled women who are forced to reduce their... Read more...

Investor's Business Daily - Politics

Will a robot take your job?

In a 2015 study, ''Robots at Work'', economists at Sweden's Uppsala University and the London School of Economics looked at the economic impact of robots from 1993 to 2007. They found that the use of robots in advanced e... Read more...

Vox

CEO pay and the rise of relative performance contracts: the role of governance

Article by Brian Bell and John Van Reenen Lacklustre growth seems to be the new normal almost everywhere in the world except for one area - CEO pay. This column uses data on UK publicly listed firms to examine whether ... Read more...

LSE European Politics and Policy blog

The aftermath of the Brexit vote ? the verdict from a derided expert

John Van Reenen was disappointed but not surprised by the UK's vote to Leave the EU. Whilst his own research predicts serious economic and political damage in the case of Brexit, he thought a Leave vote was a real possib... Read more...

InDaily.com.au (Australia)

Unions should evolve to reflect enterprise

Professor Saul Estrin of the London School of Economics has shown, for example, that an increase in the level of employee participation in the running of an enterprise from zero to full participation increases output by ... Read more...

LSE British Politics and Policy blog

The aftermath of the Brexit vote - the verdict from a derided expert

John Van Reenen was disappointed but not surprised by the UK's vote to Leave the EU. Whilst his own research predicts serious economic and political damage in the case of Brexit, he thought a Leave vote was a real possib... Read more...

Vox

A new eBook: Brexit beckons

The 23 June 2016 Brexit vote saw British voters reject membership in the European Union. This column introduces a new VoxEU eBook containing 19 essays written by leading economists on a wide array of topics and from a br... Read more...

National Governors' Association

Research Matters - Are academies better? National Governors' Association

This finding is mirrored at least in part by a study of sponsored academies established under the previous Labour government, conducted by the London School of Economics, which argues that the impact of conversion should... Read more...

Les affaires

Inegalites: peu a voir avec le sexe, l'ethnie ou l'education

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...

The Economist

Fear and favour

The evidence is that foreign managers improve the companies they acquire A paper by Nick Bloom of Stanford University and others shows that the David Brents can learn from the Jack Welches: when they take over British f... Read more...

The Financial Times

Metropolitan myths that led to Brexit

Finally, there is the low reputation of economists, the result of a global financial crisis that only a few in the profession warned us against. But the institutes that analysed the risks and rewards of Brexit can hardly... Read more...

Admin5.com (China)

Artificial intelligence is bound to exacerbate inequalities but why are economists still for it platforms

Artificial intelligence is bound to exacerbate inequalities but why are economists still for it platforms That is to say, technical parts of the economy made great contribution to productivity growth. In 2015 a 17-count... Read more...

Huffington Post Canada

Brexit demonstrates perils of unchecked globalisation

Various analysis have shown that Brexit will adversely affect Britain's economy. According to the Centre for Economic Performance, LSE, Britain's economy will decrease by 1.3 per cent to 2.6 per cent without considering ... Read more...

Schools Week

Experts News - Results are in: Academy status works for the best and worst schools, but that's about it

After years of debate over the effectiveness of academy status, the Education Policy Institute has now released data which it says shows the causal impact of academy status on school performance. Editor Laura McInerney e... Read more...

The Independent

'No evidence' academy status improves grades at good or satisfactory schools

New research has found ''no evidence'' that academy status leads to better grades for pupils at schools rated good or satisfactory. The study, by the London School of Economics and the Education Policy Institute (EPI)... Read more...

Newsweek - Europe

Brexit: The characteristics of areas that voted leave in EU Referendum

Article by Monica Langella and Alan Manning This article reports the result of an exercise in which the vote share for Leave in the 380 areas of England, Wales and Scotland are regressed on a variety of area characteris... Read more...

Kellog Insight

Why income inequality among white collar workers is growing

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...

The Economist

What happens to EU migrants in Britain

''IMMIGRATION, immigration, immigration'', shouted a headline in the Sun, a right-wing tabloid newspaper, the week that Britain voted to leave the European Union. It followed weeks of campaigning from the Leave side assu... Read more...

La Izquierda Diario (Spanish)

El Brexit, mala noticia para el segundo semestre

First views on the global economic impact of such episode refer to one (even minor) world growth rate. Thus for example claimed John Van Reenen of the London School of Economics, who said the effect ''disincentive'' to i... Read more...

BBC News - Business

Using jelly beans to explain productivity

Comedian Colm O'Regan takes a look at productivity and its decline in the UK since the financial crisis in 2008. He speaks to Anna Valero from the London School of Economics and Richard Cullen, managing director of ... Read more...

World Economic Forum

What's the real impact on economies of the minimum wage?

Economists care a great deal about the minimum wage because it is a policy prescription that increasingly affects a large portion of the workforce and because it is a clear case of government intervention, imposing a flo... Read more...

Straits Times (Singapore)

Producitivity is not just a numbers game

Intuitively, automation would lead to higher labour productivity. For instance, with labour-assisting technology such as autonomous drone waiters by local firms, we would expect a fall in the number of waiters serving th... Read more...

Stuff.co.nz (New Zealand)

Business Day - Janine Starks: The rise of the kipper children, sucking your wallet dry

In keeping with the fishy origins, it seems "kippers" are on the rise. Kippers? Yes, you heard it correctly. Some wag has come up with Kids In Parents Pockets Eroding Retirement Savings. It's eve... Read more...

LSE British Politics and Policy blog

What is Brexit-related uncertainty doing to UK growth?

The UK will soon vote on whether to end its 43-year membership in the European Union. Opinion polls suggest the vote is too close to call, with the ''stay'' and ''leave'' side switching leads on a regular basis, and this... Read more...

The Financial Times

Brexit would hit UK growth and impede foreign investment

However, if there is one thing we as investors don’t like, it is economic uncertainty. As several important bodies have said — the International Monetary Fund, Bank of England, London School of Economics, the Treasury an... Read more...

Mainly Macro blog

Brexit, immigration and #100

With so many heavyweights, from Barack Obama to Mark Carney, saying that we will be worse off with Brexit, why are the polls still neck and neck? There seem to me two reasonable explanations: that the tabloid media have ... Read more...

Harvard Business Review

Corporate inequality is the defining fact of business today

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...

The Timies

In or out of the EU, we need to find ways to boost productivity

Britain's postwar record on productivity can be split into two periods: pre and post Margaret Thatcher. Prior to Thatcher, output per hour in Britain was growing more slowly than France, Germany and the US, according to ... Read more...

Harvard Business Review

Proof that good managers really do make a difference

If you're reading this you probably don't need convincing, but one of the most significant milestones in economic research over the last several years was documenting empirically that it really is true. A new paper buil... Read more...

OPEA Business

Ten conclusions based on Nicholas Bloom and John Van Reenen's management data

The article is an in depth summary of Nicholas Bloom and John Van Reenen's research on the difference in management practices. Ideally, this summary highlights the key points of focus as established by the authors. Th... Read more...

Economic Calendar

UK Budget encourages more saving with higher ISA Allowance

The Centre for Economic Performance estimates that Brexit would reduce UK gross domestic product (GDP) by up to 3.1%. However, this doesn't factor in losses associated with lower foreign direct investment (FDI), fewer sk... Read more...

The World Bank blog - Development Impact

Weekly links March 18: RandD credits, Indian internal migration, Accra's slums, and more...

Weekly recommendations include: On the LSE Business Review blog, work by Nguyen and Van Reenen using an RDD to show that tax credits increased R&D spending and innovation among SMEs in the UK. The item was published by... Read more...

BBC Radio 4

News

John Van Reenen discusses why wages aren't growing. The interview was broadcast by BBC Radio 4 News on March 13, 2016 Link to interview here Also ran on BBC World Service Linda Yueh interview John Van Reenen discus... Read more...

Opinion Online

Por que los salarios son tan bajos?

''In the last seven to eight years, wage growth has been very disappointing in the world,'' says John Van Reenen, director of the Center for Economic Performance of the London School of Economics (LSE). This article was... Read more...

Sky News

News

Mention of 2014 CEP research on immigration and the labour market. The programme was broadcast by Sky News on March 11, 2016 Link to broadcast here Related Publications Immigration, the European Union and the UK La... Read more...

Global Finance Online

Global Finance Magazine - Can Boosting Business Productivity Unleash New Gains?

According to studies conducted by John Van Reenen, director at the Centre for Economic Performance at the London School of Economics and Political Science, differences in productivity between other countries and the US c... Read more...

LSE Business Review blog

Tax relief for Research and Development is a rare example of an innovation policy that actually works

UK business R&D would be 10 percent lower in the absence of tax breaks, write Kieu-Trang Nguyen and John Van Reenen. This article was published by the LSE Business Review blog on March 11, 2016 Link to article here ... Read more...

BusinessAdvice.co.uk

Small UK firms not investing in management training despite poor productivity

Management is thought to play a key role in explaining this gap. In 2012, the results of a decade-long worldwide study carried out by academics at Stanford, Harvard and the LSE found the UK had more badly managed firms t... Read more...

Nigeria News Shafaqna

World: CEP Discussion Paper No 1398, December 2015: Flooded Cities

Source: London School of Economics and Political Science Country: World Abstract Does economic activity relocate away from areas that are at high risk of recurring shocks? We examine this question in the context of floo... Read more...

CEP State of Working Britain blog

SWOB 6: Record employment in the UK? Well yes but....

In the latest State of Working Britain blog, editor Professor Jonathan Wadsworth writes: Common Mis-Perceptions About Recent UK Labour Market Performance No 1. A Record number of people in work The opening sentenc... Read more...

freshbusinessthinking.com

UK productivity still lagging behind G7

The UK is still some way off solving the productivity puzzle after final estimates for 2014 from the Office for National Statistics (ONS) showed that productivity was 18 percentage points lower than the average for the r... Read more...

The Manufacturer

Automation and Robotics: reach out and touch the future

In the period 1993-2007, manufacturing employment in this country fell by around 55%, while the use of robots rose by around 80%. By contrast, Germany’s deployment of robots rose by around 165% and its m... Read more...

The Guardian

Bank's forecasts will be vindicated, like stopped clock is right twice a day

[David] Blanchflower and [Stephen] Machin argue labour market must tighten further before pay growth picks up, something Bank of England consistently fails to acknowledge. This article was published by The Guardian on F... Read more...

The State of Working Britain - blog

Is the rise in low skilled jobs holding back wage growth?

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...

Parliamentary Business: Publications and Records

The Government's productivity plan

CEP's Anna Valero written evidence for the Government's Productivity Plan Inquiry contributed to the final report. The Government's heralded 'Productivity Plan' lacks clear, measurable objectives and largely amounts to ... Read more...

The State of Working Britain - blog

Are we there yet? Full employment in the UK

In the first of a new blog from LSE's Centre for Economic Performance, Jonathan Wadsworth comments on the issue of full employment in the UK. This article was published online by the CEP's The State of Working Britain b... Read more...

Business Advice

Why Sheffield might be the best place for your new business

There is an overall increase in new companies for a range of reasons. One reason has certainly been the economic downturn, which has resulted in people having difficulty find a job and turning to entrepreneurship, accord... Read more...

Health Affairs Blog

Making sense of price and quantity variations in U.S. health care

A recent study by Zack Cooper, Stuart Craig, Martin Gaynor, and John Van Reenen has documented the remarkable variations across regions and age groups, and within regions, in U.S. health care spending. Previously, the Da... Read more...

USNews Health

Hospital prices vary widely across the United States

The cost of medical care varies widely across the United States, a new study reports. Hospitals negotiate the cost of medical services with insurance companies. And, the new report found that prices at hospitals in monop... Read more...

Center for American Progress

Helping firms by helping employees? Work-life balance in America

Article by Nicholas Bloom, Raffaella Sadun, Daniela Scur and John Van Reenen There is a long history of debate within business, policy, and economic literature regarding whether firms can improve their performance by tr... Read more...

infoPLC.net (Spain)

Nos quitara el empleo un robot?

Robots at work is a study by Georg Graetz of the University of Uppsala in Sweden and Guy Michaels at the London School of Economics that analyzes statistics from 1993 until 2007 of 14 industries in 17 developed countries... Read more...

El Pais (Spain)

La digitalizacion y la robotizacion no aparecen en el PIB

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...

Policy Network

Mind the gap: capital and labour in the digital economy

A recent study by Guy Michaels and Georg Graetz shows that robots might not drive people out of work. Instead they raise productivity which reduces the prices of goods and services. Lower prices increase demand to which ... Read more...

Harvard Business Review

China's growth: a brief history

Article by Linda Yueh My own research with John Van Reenen has shown that GDP growth would be lower by between 0.43 to 1% per year if not for joint ventures that allowed for transfers of knowledge and technology, as opp... Read more...

Share Radio

Are we headed for a manufacturing slowdown? With John Van Reenen of LSE

John Van Reenen, Director of the Centre for Economic Performance at the London School of Economics, discusses today's UK manufacturing. This interview was broadcast by Share Radio on December 8, 2015 Link to interview ... Read more...

LSE Business Review blog

How can the UK improve its lagging productivity ? and still build the workforce

On video: Vince Cable, Diane Coyle, Bronwyn Curtis and Anna Leach, with John Van Reenen and Robin Mansell LSE Business Review's official launch event took place on 2 December. A panel of top UK economists discussed How ... Read more...

CMI - Chartered Management Institute

The Economist agrees: the accidental manager's time is up

The Economist quoted a study by John Van Reenen, director of the Centre for Economic Performance at the London School of Economics, which conducted 14,000 interviews and discovered that UK employees score their bosses le... Read more...

Crosswater Job Guide (Germany)

Die jobs der zukunft? Hauptsache digital

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...

The Economist

End of the accidental boss

THE low productivity of British workers has several possible culprits. Inefficient family-run companies are sometimes blamed, as are poor workforce skills. But whereas these problems are well documented, another factor i... Read more...

LSE Business Review blog

Spending review brings good news for science

Sustained public investment in research can boost business, writes Romesh Vaitilingam In the government's recent Spending Review, Chancellor George Osborne had surprisingly good news for UK researchers and UK businesses... Read more...

LSE Business Review blog

Healthcare competition can improve management quality and save lives

Money should follow patients and they need information and choice, write Nicholas Bloom and John Van Reenen In work with Carol Propper and Stephan Seiler, we evaluate whether competition improves hospital quality, in pa... Read more...

LSE Business Review

The UK needs a clear growth strategy to avoid short-term solutions to the productivity puzzle

Anna Valero suggests ways to deal with deficits in skills, infrastructure and innovation. This article was published online by the LSE Business Review blog on 23 November, 2015 Link to article here Related publicati... Read more...

Hallands Nyheter

Robotar b?de tar och ger jobb - Affarsvarlden

In order of importance, it can be compared with the steam machine's breakthrough in the beginnings of industrialisation, according to Department of Economics Researcher George Graetz at Uppsala University. This article ... Read more...

FT.com

Beware the Ozymandias syndrome

John Van Reenen, director of the Centre for Economic Performance at the London School of Economics, has studied some of the less high-profile strategies employed by companies that are successful over the long term. This... Read more...

Sound

EF2: The economic importance of good management

John Van Reenen, Professor of Economics and Director of the Center for Economic Performance at the London School of Economics, joins us to discuss the economics of management, productivity, and information technology. Li... Read more...

Economic Frontiers

The economic importance of management

John Van Reenen interviewed about the economics of management, productivity, and information technology. This interview was broadcast by Economic Frontiers on November 9, 2015 Link to article here Related Publicati... Read more...

RTM - Rail Technology Magazine

Awards, contracts and appointments: #100bn Adonis commission to help shape Crossrail 2 and HS3

Other members will include ... a former member of the LSE's Growth Commission and a former chief adviser to the Great London Authority. This article was published online by RTM - Rail Technology Magazine on October 30... Read more...

TV5Monde

Le chomage en Espagne poursuit son repli a deux mois des legislatives

Liberal Ciudadanos defends the idea of a single contract to end a two-tier labour market, with ''a core of the temporary workers, much less protected and highly protected workers even as the United States'', said economi... Read more...

Share Radio - Morning-Money

How are robots impacting on the economy?

Robots are gradually becoming a part of everyday life, and as a result are impacting on the economy. To look at the influence robots are having, Joe Aldridge speaks with Guy Michaels, Associate Professor at the London Sc... Read more...

The Sunday Times

George the Builder CAN HE FIX IT?

Will the attempt by the chancellor to take politics out of our new infrastructure projects succeed, asks Kathryn Cooper ''Britain is a big, diverse country with very active press and democratic process, which can hold u... Read more...

The Economist

Fixing a hole

Four ideas to improve Britain's bad record on big building projects UK government's plans for increased infrastructure spending and Centre for Economic Performance's recommendations. The article was published online by... Read more...

Share Radio - Investment Perspectives

Are we taking care of UK infrastructure? Anna Valero, LSE, joins us on the line

''We are the builders'' - So George Osborne declared at this years Tory Conference. Is he right, or are we neglecting our National Infrastructure? Anna Valero, research economist at LSE, joins us to walk through the argu... Read more...

Forbes

Governments still don't know which policies help entrepreneurs

Henry Overman interviewed by Philip Salter It's easy to make policy, but it's hard to make the right ones. These are the sorts of questions the excellent What Works Centre for Local Economic Growth looks at. It recently... Read more...

Le Monde.fr

Migrants: dissiper les fantasmes

However, other studies show that the influx of immigrants has negative effects on the median salary (but not on employment) natives working in low-skilled sectors such as the building and public works, so on the remunera... Read more...

LSE Business Review

In family-owned businesses, professional CEOs work longer hours than owner-CEOs

That time difference adds 2.6 percent extra productivity for the professionals, finds an LSE-Columbia-Harvard team. An emerging body of evidence indicates that family management may actually be detrimental for performan... Read more...

Business Magazine (Romania)

Analysts: Greece will remain in 'intensive care' for a long time, in the absence of substantial aid

Christopher Pissarides, London School of Economics, the winner of a Nobel Prize, said that Greece still has structural problems such as low productivity and lack of competitiveness. Greece is likely to need international... Read more...

Welt online

Willkommen in Deutschstadt!

...Produktivitat und dadurch zu mehr Wachstum'', sagt etwa Gabriel Ahlfeldt, Associate Professor an der London School of Economics (LSE). ''Urbanisation leads to higher productivity and therefore to more growth,'' says ... Read more...

Mailonline

Economists warn Corbynomics could be 'highly damaging' to Britain

Leading economists have warned that Jeremy Corbyn's economic policies are 'likely to be highly damaging' and renationalising industry could actually 'make things worse'. In the new letter to the Financial Times, the aut... Read more...

Financial Times

Corbynomics has not been thought through seriously

Centre for Economic Performance's Director, Professor John Van Reenen among economists signing a letter critical of Labour Party leader candidate, Jeremy Corbyn's economic plans. The letter was published by The Financia... Read more...

96.4 Eagle Radio online

Eagle Radio - News - Robot revolution: will machines take your job?

Uppsala University's Georg Graetz and Guy Michaels from the London School of Economics looked at productivity ... The interview was published online by Eagle Radio News on September 2, 2015 [Link unavailable] Relate... Read more...

Sky News

Robot revolution: will machines take your job?

Uppsala University's Georg Graetz and Guy Michaels from the London School of Economics looked at productivity and employment in a variety of countries between 1993 and 2007 to see if the trepidation about the increased u... Read more...

Harvard Business Review

Companies like Amazon need to run more tests on workplace practices

Leaders could also test whether specific work conditions or policies affect workers' performance. ... Nick Bloom of Stanford University and his colleagues conducted a randomized experiment on working from home using a NA... Read more...

Democratic Audit

A howl for the past rather than a serious fight for the future: Corbyn and the political economy of nostalgia

Article by John Van Reenen Voting for Jeremy Corbyn as leader is a gut reaction to Labour's electoral defeat. Corbyn does point to some real economic problems facing Britain but his policies are based largely on the kin... Read more...

LSE British Politics and Policy blog

Corbyn and the political economy of nostalgia

Article by John Van Reenen Unlike most commentators I have actually read Corbyn's ''The Economy in 2020'' as well as the 1983 manifesto. Corbyn's document has several major advantages. First, at 8 pages it is much short... Read more...

The Independent

Daily catch-up: in other, non-Corbyn, news, here be idiots and other research findings

More evidence of the success of the academy schools programme was published yesterday. A new paper by Andrew Eyles and Stephen Machin at the Centre for Economic Performance at the LSE finds that ''the first round of acad... Read more...

LSE Business Review

Industrial robots boost productivity and growth, but effect on jobs is an open question

Article by Georg Graetz and Guy Michaels The authors say that: ''Industrial robots boost productivity and growth, but effect on jobs is an open question''. This article was published online by the LSE Business Review o... Read more...

CIO.com

Understanding Google's alphabet structure (I think, alpha bet

Stanford economics professor Nicholas A. Bloom explains how Alphabet will make investors comfortable: ''There are two benefits of the new structure. One is visibility, in that with the split it makes it easier to model t... Read more...

MSN News US

Maybe you don't need to worry about robots taking your job

In a new paper from London's Center for Economic Research [sic] George Graetz, of Uppsala University, and Guy Michaels, of London School of Economics found that industrial robots have actually driven labor productivity a... Read more...

Prospect Magazine

The tube strike's biggest benefit: working from home

A society where more workers got to use the duvet office would be a happier, more productive one In 2014, Stanford University academics compared the performance of remote employees to those in the office at Ctrip, China... Read more...

LSE EUROPP - European Politics and Policy blog

Industral robots have boosted productivity and growth but their effect on jobs remains an open question

Robots and automated processes have become a feature of many modern workplaces, but what impact do such innovations have on productivity and jobs? Using a new dataset, Georg Graetz and Guy Michaels present an analysis of... Read more...

Not running a hospital - blog

The board has to be on board

Those of us who have run hospitals where we've been serious about achieving improvements in quality and safety know that without a highly committed board of trustees, the results will never be sustainable. And so it is l... Read more...

Independent

Recovery of UK economy is the slowest since records began, say unions

... Top economists echoed the TUC's concerns yesterday ... Growth in recent years has been ''anaemic'', according to University College London's Professor Stephen Machin, and research director at the Centre for Economic ... Read more...

FTAlphaville blog

Disrupting FREEDOM!

So if innovation seems to be booming, why has productivity growth been muted? A common argument is that the effect of innovation is being incorrectly measured. The advent of the Sharing Economy, which forms a chapter in ... Read more...

China Central TV Europe (CCTV.com)

United Kingdom: Latest budget crunch and tax cuts plus parallel

John Van Reenen interviewed on the UK budget. This interview was broadcast by China Central TV Europe (CCTV) on July 9, 2015 Link to broadcast here [Interview with Prof Van Reenen starts around 02.30] Related publicat... Read more...

LSE British Politics and Policy blog

Summer budget: High hopes for the productivity plan - is enough being done?

Article by Anna Valero In the 2015 summer budget, George Osborne at last identified the UK's productivity performance as an important issue that needs to be tackled. Here, Anna Valero reviews some of the measures ahea... Read more...

The Conversation

Budget 2015: will Osborne's medicine be a driver for productivity and growth?

Article by John Van Reenen The most eye-catching announcement in today's budget was the National Living Wage. Now, this might be nothing more than a big hike in the minimum wage, but such increases can be beneficial. ... Read more...

LSE British Politics and Policy blog

Budget 2015: Osborne is right to raise wages, but a clearer productivity plan is required

Article by John Van Reenen Yesterday, George Osborne delivered the new government's first budget in which he surprised many by hiking the minimum wage significantly. John Van Reenen reviews the measures introduced, wr... Read more...

Financial Times

Free lunch: The wrong tax reform

For the first question, the argument for lowering the rate is that a higher rate makes people behave in such a way that there is less income to be taxed in the first place. So a higher rate may not bring in much more mon... Read more...

CNBC

China says hello to Mr. Roboto

A paper by Uppsala University and the London School of Economics in February revealed that industrial robots do increase labor productivity and raise a country's average growth rate by 0.37 percentage points. The ar... Read more...

InfoPLC

La robotica y automatizacion no destruye empleo

The study 'Robots at Work' (Robots at work), published in February 2015 analyzes the impact of the growing automation in the economic development of 17 countries. Its authors Georg Graetz of the University of Uppsala and... Read more...

Entrepreneur

The tough tradeoffs we make deciding to work from home or not

Professor Nicholas Bloom from the Department of Economics at Stanford University, with his graduate student James Liang, conducted an interesting experiment at Chinese travel website Ctrip's call center. Employees could ... Read more...

The Huffington Post (Germany)

Mensch und Roboter: zusammen unschlagbar

Humans and robots: together unbeatable The current study ''Robots at Work'' by Graetz and Michaels (Uppsala University and London School of Economics), which examines the impact of increasing automation on the economic ... Read more...

Gotteborgs-Posten (Sweden)

Ledarskapets kvalitet avgor elevernas prestationer

Quality of leadership determines student achievement There is a clear link between management quality and students' academic achievements. It shows an international research study of 1,800 schools in eight countries. Ad... Read more...

SNS.se

SNS Analys nr 31. Styrning och ledning i skolan

Article by Nicholas Bloom and Renata Lemos There is a clear link between management quality and students' academic achievements. It shows an international research study by Stanford Professor Nicholas Bloom in collabora... Read more...

The Spectator

Right to reply - Jonathan Portes on Niall Ferguson

...in 2013, I wrote that the evidence was 'mixed on wages, with some evidence of downward pressure for the lower paid'. He argues that the latter statement contradicts the former. In the intervening five years, we've ha... Read more...

The Korea Times

China's jobless growth miracle

Article by Keyu Jin Chinese Prime Minister Li Keqiang recently cited job creation as vital to his country's ''ultimate goal of stability in growth''. His observation could not be more accurate. In fact, one of the mos... Read more...

Epoch Times

Too Many or Too Few Workers? Another Look at the Chinese Employment Market

However, Keyu Jin of the London School of Economics now says the Chinese economy is not creating enough jobs. This article was published by The Epoch Times on June 3, 2015 Link to article here Related links Keyu J... Read more...

Festival Economia Trento

Affari di famiglia: nepotismo politico e carriere nelle imprese italiane

Marco Manacorda filmed giving a talk at the Festival of Economics on Trento. There is abundant anecdotal evidence but poor empirical evidence of the benefits enjoyed by the relatives of politicians in the labor market. ... Read more...

ANSAen Business

Relatives of politicians 'earn more'

Having a politician relative adds an average of 500 euros a year to one's salary, according to a new study by two Italian economists. This is equal to a 3 percent increase in an average paycheck. In comparison, every a... Read more...

The Economist

Trade unions: Back to the future

WHEN Margaret Thatcher came to power in 1979 she set about bulldozing the trade unions, which had frequently brought Britain grinding to a standstill in the 1970s. On May 27th David Cameron indicated that his Conservativ... Read more...

BBC Radio 4

More or Less Programme: Seven-day NHS

Anna Sivropoulos-Valero interviewed on productivity. The interview was broadcast by BBC Radio 4's More or Less Programme on May 29, 2015 Link to interview here [Interview begins around 08:24.] Related publications ... Read more...

BBC Radio Coventry and Warwickshire

Phil Upton's 'Drive' Show

Dennis Novy (CEP) interviewed on the comment by Lord Bamford, Chairman of JCB, that leaving the EU would not necessarily be a big problem for British business. This interview was broadcast by BBC Radio Coventry &... Read more...

BBC Radio 5

5 Live Drive

Anna Sivropoulos-Valero interviewed, on productivity. The interview was broadcast live on BBC Radio 5 on May 13, 2015 Related publications Productivity and Business Policies, Isabelle Roland and Anna Valero, CEP... Read more...

Le Monde

Les ambiguites de la reprise britannique

... 400 000 emplois publics supprimes La realite est pourtant que son mandat a ete divise en deux parties. L'essentiel des mesures de rigueur a ete realise dans les deux premieres annees: hausse de la TVA, reduction dras... Read more...

City A.M.

Two charts showing why more robots won't destroy jobs

Most economies across the globe have a low, or even shrinking, share of manufacturing jobs. At the same, such firms are increasingly embracing the use of robots in the workplace. Brookings Institute researchers use two ... Read more...

The Wall Street Journal

Robots may look like job-killers, but it's hard to see in the numbers

There's no relationship visible in the numbers between the change in factory employment and robot use, says Mark Muro, senior fellow at the Brookings Institution. In a blog post, he and Brookings colleague Scott Andes to... Read more...

Washington Center for Equitable Growth

Today's must-must-read: Georg Graetz and Guy Michaels: robots at work

'Robots at Work' - Centre for Economic Performance Discussion Paper No.1335 by Georg Graetz and Guy Michaels posted on the 'Must-Must-Read' blog. The DP was posted on the Washington Center for Equitable Growth's 'To... Read more...

Brookings

Robots are infiltrating the growth statistics

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...

Reuters

Analysis - Productivity puzzle to tax UK election victor

London School of Economics professor John Van Reenen said Britain was also suffering from government inaction over infrastructure such as high-speed broadband, roads and airports. This article was published online by ... Read more...

The Telegraph

Are happy workers more productive?

As Pret a Manger becomes the latest company to credit happy workers for improved profits, we examine the evidence that suggests smiling employees might keep the tills ringing. There is a slight problem with anecdotal ev... Read more...

PC Pro

The upsides and downsides of Tech City

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...

Financial Times

Weighing up four theories on the UK's productivity gap

Theories abound over the causes of the UK's slump in productivity since the financial crisis; Some economists, including John Van Reenen at the Centre for Economic Performance, believe the productivity puzzle is a co... Read more...

Financial Times

The economists' manifesto

If Britain's top economists were in charge, what policies would they implement? Tim Harford sets the challenge. "Low productivity is the number one problem Britain faces" says Van Reenen. "Even before the crisis, it l... Read more...

The Conversation

Manifesto Check: Lib Dems commit to skills, but some policies miss the mark

Article by Claudia Hupkau The Conversation's Manifesto Check deploys academic expertise to scrutinise the parties' plans. The Liberal Democrats have announced their vision for skills policy over the next parliament in ... Read more...

The Conversation

Manifesto Check: Labour's top policies

Article by Maria Goddard, Anand Menon, Christine Merrell, Claudia Hupkau, Hilary Steedman, Ian Preston, Jonathan Perraton and Steve Higgins Welcome to The Conversation's Manifesto Check, where academics subject each par... Read more...

The Conversation

Manifesto Check: 'Labour's skills policy is a disappointing muddle'

Article by Hilary Steedman and Claudia Hupkau Hilary Steedman, London School of Economics and Political Science Labour's election manifesto promises four initiatives in the area of skills and apprenticeships; the Compu... Read more...

BBC News

Who to trust - business leaders or economists?

John Van Reenen of the LSE, who also disagreed with austerity, said ''UK GDP is about 15 percent below where we would have expected on pre-crisis trends... Premature austerity has damaged UK welfare and, as I and others ... Read more...

The Observer

Stuck in a dead end job on low pay? You know what to do, kids

Few politicians have a credible plan to ensure that Britain's young people can make their way in the world. But Labour at least recognises the problem. In the UK too, as LSE's Steve Machin argues, ''productivity improvem... Read more...

Conservative Home

Lord Green: How the Guardian got it wrong on immigration

Then there is the vital question of productivity. As Professor John van Reenen from the LSE observes, ''What the Chancellor didn't mention is that UK GDP per person is 16 per cent lower than we would have expected on pr... Read more...

The Financial Times

Britain can only walk tall if productivity is reignited

The government made three arguments for accelerated austerity. None was persuasive. Here are three indicators of the extent to which the economy has gone ex-growth: real gross domestic product per head at the end of 201... Read more...

The Conversation

The gaping productivity hole in Osborne's election budget

Article by John Van Reenen Public service spending is in for a rollercoaster ride. The implication of the Autumn Statement was that public service spending would be cut to levels not seen since 1948. Now they will be 36... Read more...

Vox

Estimating the impact of robots on productivity and employment

Article by Georg Graetz and Guy Michaels 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 eme... Read more...

Vox

The great invention gap between rich and poor kids - and why it matters

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...

Bloomberg Business News

Your new robot colleague will make you richer, more productive

A new study of 17 countries published this week found the introduction of robots to the workplace increased economic growth by 0.37 percentage points and labor productivity by a similar margin. What's more, ''no signific... Read more...

The Conversation

Fact check: Are British workers less productive than Germans and French?

Article by John Van Reenen It takes on average a British worker to Friday to do what equivalent workers in Germany and France will complete by the end of Thursday afternoon. Chuka Umunna, Labour's shadow business s... Read more...

The Guardian

Robots are leaving the factory floor and heading for your desk - and your job

Alan Manning, an economist at the London School of Economics, takes issue with the assertion that economic trends observed in the US are caused by technological unemployment. While he agrees US data shows rising producti... Read more...

Financial Times

Labour's fiscal record was good until world recession

Letter from Professor Richard Layard Sir, John Hutton and Alan Milburn are quite right (''Defend Labour's economic record - the facts are on our side'', Comment, January 28): the fiscal record of the last Labour govern... Read more...

Themenheft Mindeslogn (Germany)

'Die Geschichte Ist Voller Heulender Wolfe'

Der Mindestlohn in GroÐ’britannien Alan Manning interviewed and Centre for Economic Performance (CEP) research on the minimum wage mentioned in an issue produced by the German government about the introduction of the mi... Read more...

Business Insider UK

Why I'm not worried about the scariest chart for the UK economy

As the economy recovers, wages should rise and the relative cost of capital to firms should fall, which would increase the appeal of investing in productivity-enhancing technology. This, at least, is what Professors Joao... Read more...

Western Morning News

Labour voters' NHS satisfaction levels rise

Research by the LSE's Centre for Economic Performance was published in The Review of Economic Studies and involved 61% of all NHS providers of acute care in England. The study shows that adding one extra hospital in a ne... Read more...

Eco-Business News

WRAP study says more recycling equals increased employment

Stephen Machin, professor of Economics at University College London, says, ''Creating jobs with decent pay as innovative technologies evolve is a challenge, given the UK's traditional difficulties in generating good jobs... Read more...

PRI

The State of the Union kicked off Obama's push for paid parental and sick leave

During Tuesday's State of the Union address, President Barack Obama announced his plan to expand paid leave for workers, starting with the federal government. Even with three months available to them, few Americans can t... Read more...

The Guardian

Reusing and recycling waste materials could create 200,000 jobs

Economist Stephen Machin, a professor at University College London said: ''Creating jobs with decent pay as innovative technologies evolve is a challenge given the UK's traditional difficulties in generating good jobs fo... Read more...

The Huffington Post

The sad state of America's middle class, in 6 charts

The middle-class share of the U.S. wealth pie roughly doubled between the Great Depression and the early 1980s. But since then, the middle-class share has shrunk back to its lowest level since 1947, according to a study ... Read more...

The Financial Times

Annual FT economists' survey: UK growth forecast to continue

Britain's recovery is secure and will continue at a good pace in 2015 even if growth is likely to be a bit weaker than last year, economists said in one of their most optimistic assessments since the financial crisis. ... Read more...

The Financial Times

Annual FT economists' survey: UK unemployment forecast to fall

Britain will not run out of scope to create jobs in 2015 and will therefore not reach full employment, a slender majority of economists believe. But the number of people in work is likely to rise and unemployment will fa... Read more...

The Financial Times

Annual FT economists' survey: Spending cuts plans `not plausible'

The UK government's goal of cutting public spending so public finances are back in the black by 2018-19 with a large annual surplus by the end of the next parliament will not be delivered, most economists believe. How... Read more...

Vox

We don't need no (management) education?