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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...
29 May 2026
Paul Cheshire features in this investigation into the UK's housing crisis and whether the government's promise to build 1.5 million new homes by 2029 can be met. ... Read more...
20 October 2025
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...
13 October 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...
10 June 2025
Richard Layard writing in the Financial Times, says that a clear commitment to train young people for work will help the government's economic agenda. ... Read more...
21 March 2025
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...
18 March 2025
Paul Cheshire and Christian Hilber comment on proposed changes to the planning system in Britain, arguing the government has shied away from the reform that is needed. ... Read more...
04 March 2025
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...
17 December 2024
Congratulations to Daniel Chandler who has been awarded the 2024 Voltaire Lecture Medal for his work on how to create a fair society. Chandler, research director of the LSE’s Programme on Cohesive Capitalism and a... Read more...
12 September 2024
Congratulations to Henry Overman, Professor of Economic Geography and Research Director of the Centre for Economic Performance, who has been recognised in the King's Birthday Honours List 2024. Professor Overman has bee... Read more...
17 June 2024
Daniel Chandler writes that to address the vast inequalities in the United States, a fundamental rethink of economic institutions and the values that guide them is needed. ... Read more...
14 May 2024
CEP researchers Christian Hilber and Paul Cheshire compare the decline in the UK's home ownership rate, from 70 per cent in 2004 to 64 per cent in recent years, to other countries around the world - UK house prices have ... Read more...
25 June 2023
Without inherited wealth or a leg-up from the Bank of Mum and Dad, prospective first-time buyers are forced to abandon dreams of home ownership. Paul Cheshire describes the state of affairs for first-time buyers in Londo... Read more...
27 January 2023
Congratulations to Henry Overman, research director of the Centre for Economic Performance (CEP) and professor of economic geography at LSE, who has been elected as a new Fellow of the British Academy. He is among 85 ne... Read more...
22 July 2022
High energy prices are causing problems, as are the consequences of the Covid pandemic and the effects of Brexit. But research by the Resolution Foundation and the Center for Economic Performance suggests the causes of t... Read more...
15 July 2022
Interview with Swati Dhingra - is this the end of globalisation? In a series of special programmes, Newsnight looks at the impact of the war in Ukraine on the world. ... Read more...
18 March 2022
The Power of Creative Destruction has been chosen by The Economist as one of its best books of 2021.The book, by Philippe Aghion, Céline Antonin and Simon Bunel, is described by the magazine as "sweeping, aut... Read more...
17 December 2021
A survey of nearly 100 economists revealed that most of them expect the size of the economy not to return to pre-pandemic levels until the third quarter of 2022, despite the expectation of a strong consumer-le... Read more...
03 January 2021
COVID-19 was the great equaliser, it was claimed during the early days of the pandemic. Lee Elliot Major explains that the virus didn't care whether you were rich or poor. We were all in it together. ... Read more...
25 September 2020
Top incomes have grown rapidly in recent decades and this growth has sparked a debate about rising inequality in Western societies. Felix Koenig et al investigate whether migration can account for the maj... Read more...
17 September 2020
Why we need to do something about the monopsony power of employers - Alan Manning writes about how monopsony lowers worker mobility and wages, in this new blog article at LSE. ... Read more...
26 August 2020
With evidence emerging that Covid-19 is increasing the divide in life chances between rich and poor. Steve Machin and Lee Elliot Major consider reform to avoid a decline in social mobility and e... Read more...
17 July 2020
Interview with Swati Dhingra - industries that have weathered Covid could be hit by Brexit. ... Read more...
14 July 2020
In India, the pandemic reportedly tripled the unemployment rate in just three weeks, and the vast majority of those newly unemployed worked were in the informal sector. The government respo... Read more...
Countries with existing cash-transfer programs can immediately broaden eligibility and increase the size of the benefit. India is doing just that, according to LSE Professor Swati Dhingra. Given the scale of t... Read more...
19 May 2020
There's an opportunity to build a new social contract, tackle inequality, foster innovation and adopt a long-term industrial strategy, write Sam Unsworth and Anna Valero. ... Read more...
18 May 2020
Discussing the potential effects of COVID-19 on housing, Paul Cheshire and Christian Hilber write that real house prices and rents may initially fall. Yet housing will remain unaffordable f... Read more...
06 May 2020
Speaking to Econ Films’ CoronaNomics show Lord Gus O’Donnell said he feared the impact of the lockdown was undermining the Prime Minister’s ambitions of reducing income and regional... Read more...
School closures during the coronavirus lockdown could leave disadvantaged children six months behind their peers, researchers find. ... Read more...
29 April 2020
Professor Stephen Machin, director of CEP, helps explain how many workers are more vulnerable to the economic fallout from the coronavirus than the record-high employment figures suggest. "The last 12 ... Read more...
06 April 2020
Britain has become much less socially mobile in recent decades, especially in areas that voted for Brexit in 2016, according to a new report by the Centre for Economic Performance at the London School of Economics.... Read more...
21 November 2019
Downward mobility - the phenomenon of children doing less well than their parents - will become a reality for young people today unless society makes dramatic changes, according to two of the UK's leading experts on soci... Read more...
If, as Aiyar and Ebeke argue, low intergenerational mobility is a good proxy for inequality of opportunity, then its steep decline in Britain has alarming implications for the economy. According to researchers at the Uni... Read more...
11 November 2019
New research reports from the Centre for Economic Performance (CEP) at the London School of Economics are highlighted in the Autumn 2019 CentrePiece magazine. As CEP approaches its thirtieth birthday in 202... Read more...
01 November 2019
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...
02 October 2019
In Social Mobility and its Enemies, Lee Elliot Major and Stephen Machin offer a thought-provoking assessment of the state of social mobility in Britain. In the context of much social and political change and rising level... Read more...
29 September 2019
Young people from less well-off backgrounds are more likely to pursue lower ranked upper-secondary qualifications than their prior attainment would suggest that they can achieve. Recent research from Konstantina Maragko... Read more...
27 September 2019
Ignore for a moment, the horrendous costs involved in this wholesale re-direction of human work. The question is which jobs are most at risk in which sectors. According to MIT economist David Autor, automation will subst... Read more...
19 September 2019
Work by the OECD and Oxford Martin School also notes widening gaps in productivity and profit mark-ups between the leading businesses and the rest. This suggests weakening competition and rising monopoly rent. Moreover, ... Read more...
18 September 2019
The winners of the 2019 WTO Essay Award for Young Economists are Jan Bakker of Oxford University and Federico Huneeus of Princeton University, who were ranked in equal first place by the Selection Panel. They will share ... Read more...
12 September 2019
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...
09 September 2019
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...
05 September 2019
Those who are already doing well in world labor markets are able to benefit - or at least to lose less-from disruption. It is those who are not doing so well who find their inferiority of position amplified by occupation... Read more...
30 August 2019
A recent study from the London School of Economics highlights the challenge for those people whose skills become less in demand as a result of economic or technological disruption. They analyze the lifetime earnings of S... Read more...
19 August 2019
Monica Langella and Alan Manning find that high unemployment in an area induces people to move away, and has an even stronger effect on the attractiveness of that area to potential movers. They also find that younger and... Read more...
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In many economies, the popularity of 'atypical employment relationships' is increasing. More and more people are using free time jobs, working on their own, making money through shared services. Economist Nikhil Datta pr... Read more...
26 July 2019
Both Christian Hilber, professor of economic geography at LSE, and Rory Meakin, research fellow at the TaxPayers' Alliance, thought stamp duty hindered some from downsizing and meant larger family homes were generally un... Read more...
23 July 2019
But looking at the details of health-care pricing casts doubt on this explanation. For example, economists Zack Cooper, Stuart Craig, Martin Gaynor and John Van Reenen have uncovered a number of odd anomalies in the way ... Read more...
22 July 2019
A study at the London School of Economics has found that such bans damage local construction and tourism industries. At the same time, outsiders, who are banned from new-build homes, flood the market for older places, pu... Read more...
20 July 2019
By Nikhil Datta, PhD candidate, UCL, and Research Assistant, CEP, LSE. Originally published at VoxEU Is the rise of 'atypical' work arrangements - such as self-employment, freelancing, gig work and zero-hour contracts -... Read more...
19 July 2019
Nikhil Datta Is the rise of 'atypical' work arrangements - such as self-employment, freelancing, gig work and zero-hour contracts - a result of workers wanting such jobs or because they have no other choice? This column... Read more...
Role models matter for innovation too. Research from economists Raj Chetty and John Van Reenen studied the lives of over a million inventors in the US. Using a database that linked patent records to local tax and school ... Read more...
17 July 2019
Freelancers, gig workers and the self-employed like flexibility, but they would much prefer job security, writes Nikhil Datta.... Read more...
16 July 2019
It has become increasingly evident that disparity is linked to life dissatisfaction as discussed in the book The Origins of Happiness by Andrew E Clark, Sarah Fleche, Richard Layard, Nattavudh Pawdthavee, and George Ward... Read more...
10 July 2019
09 July 2019
In the most definitive study to date, published this year in the top-rated Quarterly Journal of Economics, economists Doruk Cengiz and Dube as well as Attila Lindner of University College London and EPI's Zipperer evalua... Read more...
08 July 2019
Properties on the Lockington Crescent estate were on the market for between £4,500 and £7,000 - considerably cheaper than in London, where homes were up to 30% more expensive, according to economic historian ... Read more...
07 July 2019
Nicholas Bloom of Stanford made an analogy with a quite different arena: "Barcelona does not pick its team based on being born in Barcelona—if it did it would not win anything. The ECB should also pick the best." So to... Read more...
05 July 2019
03 July 2019
... and the author of the new research paper, Nikhil Datta. "They value these, and other aspects of job security like sick leave and paid holiday, ... ... Read more...
GIG ECONOMY work is a necessity rather than a choice, and those reliant on it would be willing to earn less in exchange for more job security, according to a study of workers in the UK and the US. The report by the Londo... Read more...
02 July 2019
Freelancers, gig workers and the self-employed like flexibility, but they would much prefer job security, writes Nikhil Datta... Read more...
"Workers like knowing when their next pay check is coming, where it's coming from and how much it will be," said Nikhil Datta, researcher at the ... ... Read more...
Tito Boeri interviews Raghuram G. Rajan With industrialized countries beset by a political backlash against trade, technology, migration, and other hallmarks of the modern global economy, expert solutions are needed now... Read more...
28 June 2019
What about in the UK? Stephen Machin, Jo Blanden and friends pointed out that those born in the 1950s were more socially mobile than those born in the 1970s, who entered the labour market at the UK's peak of inequality. ... Read more...
22 June 2019
Populism has been used by right-wing forces as a lever to undermine the ruling elite, exploiting discontent. The solution? "The European Union now has the task of working on a new idea of sovereignty, which goes beyond n... Read more...
03 June 2019
This article was written by professor Andrew E. Clark (LSE), and professor Conchita D'Ambrosi and Marta Barazzetta, from the University of Luxembourg. A version of this article was first published on the LSE blog. For mo... Read more...
13 May 2019
Young people are now less likely to 'do better' than their parents. Lower wage growth is a key factor, write Jo Blanden, Stephen Machin and Sumaiya Rahman. This blog post is based on 'Falling Absolute Intergeneratio... Read more...
08 May 2019
What makes this idea particularly absurd is that studies repeatedly find that lower-income households experience greater inflation than higher - earning ones. (Researcher Xavier Jaravel dubbed this "inflation inequality"... Read more...
Exbibit C: Inequality is increasing, a point recently acknowledged by the Productivity Commission. At the top it seems to be driven more by the seeking of favours than by productivity, a point persuasively argued by Gigi... Read more...
07 May 2019
Is there a relationship between childhood circumstances and outcomes later on in life? Andrew E. Clark, Conchita D'Ambrosio, and Marta Barazzetta consider the cognitive and non-cognitive consequences on young adults who ... Read more...
30 April 2019
... in property. Professor Christian Hilber, professor of economic geography ...... Read more...
27 April 2019
Dr Stefan Speckesser, Dr Matthew Bursnall and Jamie Moore share the findings of a new report.... Read more...
25 April 2019
Dr Stefan Speckesser from the National Institute of Economic and Social Research, which conducted the analysis, said the study showed that some local areas were more successfully tackling the negative effects of disadvan... Read more...
24 April 2019
Less efficiency and lower profitability for firms carry lessons for Britain and the US, write Kilian Huber, Volker Lindenthal and Fabian Waldinger. Talented individuals are often excluded from leadership positions if th... Read more...
16 April 2019
Doing better financially than your parents is an important marker of success, and for much of the last half century, real earnings growth in the UK was strong enough that most young people achieved this milestone. But ne... Read more...
15 April 2019
12 April 2019
Jo Blanden, co-author of the study, said: 'Research and political debate have focused on relative social mobility - that is, whether those with higher incomes are likely to have children who are also relatively well-off'... Read more...
In Episode 4 of the DIAL Podcast, Dr Jo Blanden from the University of Surrey talks about her research using the British Household Panel Survey and Understanding Society to look at home ownership and earnings for younger... Read more...
09 April 2019
In the mid 1990s, a UK employer could advertise an opening for a security guard on an hourly wage of just £2 - with a requirement to bring their own dog. Twenty years on from the introduction of a national mini... Read more...
01 April 2019
And a review of studies by a Boston College economist Christina Olivetti and British colleague Barbara Petrongolo showed that nearly all developed nations have some form of subsidized early-childhood education. The U.S. ... Read more...
27 March 2019
The Office for National Statistics (ONS) last week published employment figures for the three months to January which showed that more than 90% of new jobs were full-time. "That doesn't mean they are high-quality jobs," ... Read more...
23 March 2019
Steve Machin, head of the London School of Economics Centre for Economic Performance, says more people of pensionable age are staying in the workforce: "The rise in labour force participation of older people is very stri... Read more...
Researcher Prof Richard Layard, from the London School of Economics, said: "If governments want to stay in power they should take the happiness of the people more seriously than economic measures."... Read more...
22 March 2019
The lesson for cities? If you want to solve poverty and marginalization, the smartest approach is to get the experts - the poor and marginalized - to help with solutions. But more broadly, as happiness economist Jan-Emma... Read more...
"We were standing at his desk in his office when I broached the idea of a global happiness report, and I would attribute the idea to Thinley's leadership and the compelling scientific findings of Professors Helliwell and... Read more...
21 March 2019
Snippet: ...ince 1975.Average earnings increased by 3.4 per cent in the year to January, down by 0.1 per cent on the previous month but still outpacing inflation. However, one of the report's authors, Professor Richard L... Read more...
Snippet: ...core of 2.85 was South Sudan. The Central African Republic and Afghanistan were just above it. The annual happiness report was commissioned by the United Nations in 2012 and co-founded by Lord Layard, a profe... Read more...
Across the world people's evaluations of their happiness dropped to levels that were last seen after the financial crisis of 2008-09, having briefly risen in its aftermath but then fallen steadily. Levels of happiness in... Read more...
But according to a forthcoming paper from Felipe Carozzi, Christian Hilber and Xiaolun Yu of the London School of Economics, the clearest impact of Help to Buy has been to raise house prices, potentially by as much as 5 ... Read more...
09 March 2019
Snippet: ...home buyers. It was supposed to increase home-ownership rates among the young. Economists dispute whether it actually has. But according to a forthcoming paper from Felipe Carozzi, Christian Hilber and Xiaolu... Read more...
07 March 2019
Ross Levine and Yona Rubenstein, economists at University of California, Berkeley, and The London School of Economics, wrote a paper about the shared traits of entrepreneurs in 2013. Guess what? Most were white men who w... Read more...
12 February 2019
The fall is more pronounced among companies that enjoy high market power, write Brian Bell, Pawel Bukowski and Stephen Machin. ... Read more...
11 February 2019
A new study looks at the long-run evolution of rent sharing between companies and workers in the UK and finds that rent sharing has significantly decreased between 2001 and 2016, particularly among companies that enjoy m... Read more...
08 February 2019
04 February 2019
Claudia Olivetti at Boston College and Barbara Petrongolo at Queen Mary University of London found little evidence that extended leaves had a positive effect on women's employment or earnings - but found that subsidized ... Read more...
25 January 2019
One irony is that just as France has scrapped admissions lotteries, some in the UK and US are beginning to wonder whether they might be a good idea - albeit in a much more limited form than the pre- system. In a book pub... Read more...
17 January 2019
Lee Elliot Major and Stephen Machin explain how Britain has become less mobile, particularly at the top and bottom of society. Social Mobility And Its Enemies, Lee Elliot Major & Stephen Machin, Pelican, October 2018... Read more...
04 January 2019
The British are destined to stay on the same rungs of the economic or social ladder for successive generations, write Lee Elliot Major and Stephen Machin.... Read more...
28 November 2018
Innovation is widely viewed as the engine of economic growth. To maximize innovation and growth, all of our brightest youth should have the opportunity to become inventors. But a study we recently conducted, jointly wit... Read more...
21 November 2018
Jan-Emmanuel De Neve discusses the living wage with @EamonnHolmes on @talkRADIO Listen to @talkRADIO at 5.15pm this evening to hear Jan-Emmanuel De Neve discuss the #livingwage with @EamonnHolmes! @jedeneve pic.twitte... Read more...
08 November 2018
Wellbeing Programme research by CEP Associate Grace Lordan is discussed, looking at the societal and childhood impacts on gendered sorting patterns.... Read more...
07 November 2018
Work by the Wellbeing Programme cited: "...showed that only a quarter of those who need treatment for mental illness actually get it."... Read more...
06 November 2018
We cling on to the hope that education can act as the great social leveller, enabling children from poorer backgrounds to overcome the circumstances they are born into. But in our book Social Mobility and Its Enemies, St... Read more...
28 September 2018
By Paul Cheshire With housing nothing seems to change. This is what I wrote in 1999: “Concerns [about rising house prices] focus on the short term symptoms but it is really a long term problem. The... Read more...
11 August 2018
The prize, sponsored by Wiley is worth £5,000 and is awarded annually for achievement in research by an outstanding early career economist. Associate Professor Mirko Draca was named by the British Ac... Read more...
09 August 2018
The German bombing offensive brings lessons about worker density and zoning restrictions in London - and perhaps New York and Tokyo, write Gerard Dericks and Hans Koster. ... Read more...
25 June 2018
Article by Josh De Lyon, Elsa Leromain and Maria Molina-Domene: The Brexit debate is intense and continues to dominate the UK policy agenda. It concerns the entire population. The authors use Twitter dat... Read more...
21 June 2018
Article by Guy Michaels and Ferdinand Rauch The world is urbanising rapidly (World Urbanization Prospects, the 2011 Revision). Some of its rapidly growing cities, however, seem to be misplaced. They are ... Read more...
24 May 2018
Article by Guy Michaels and Ferdinand Rauch The world is urbanising rapidly (World Urbanization Prospects, the 2011 Revision). Some of its rapidly growing cities, however, seem to be misplaced.... Read more...
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...
We must go back in time to grasp this issue, both economic and societal. According to researcher Nicholas Bloom, the profound technological and structural change that has transformed business operations in rec... Read more...
22 May 2018
The Treasury could also look to academia. Tenreyro sits on the board of the Womens’ Committee of the Royal Economic Society, where her colleagues include Bristol University’s Sarah Smith, Grace Lor... Read more...
14 May 2018
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...
13 May 2018
Article by Stephen Machin. As Director of the Centre for Economic Performance (CEP) at LSE, I am delighted that the Centre has been named as one of the two inaugural ESRC Research Institutes. This is tes... Read more...
10 May 2018
The Economist's Soumaya Keynes continues her quest to find out why the study of economics is so dominated by men. Does that affect the kind of economics we get, and why does that matter? In her second prog... Read more...
08 May 2018
The annual American Economic Journal (AEJ) Best Paper Award highlights the best paper published in each of the American Economic Journals: Applied Economics, Economic Policy, Macroeconomics, and Microeconomics... Read more...
07 May 2018
Since Trump was elected president, many measures of policy uncertainty have jumped. Take the widely used monthly U.S. Policy Uncertainty Index created by the economists Scott Baker, Nicholas Bloom, and Steven ... Read more...
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...
02 May 2018
SWINDON, United Kingdom – The Economic and Social Research Council(ESRC) has announced that the Centre for Economic Performance (CEP), the Enterprise Research Centre (ERC), the What Works Centre for Loca... Read more...
16 April 2018
The Economic and Social Research Council is delighted to announce that the Centre for Economic Performance (CEP), the Enterprise Research Centre (ERC), the What Works Centre for Local Economic Growth Centre (L... Read more...
Pawel Bukowski (LSE) about the research presented at the IBS seminar “(Un)equal wages, incomes and wealth in Poland?” (Warsaw, 23/10/2017). ... Read more...
12 April 2018
Relocation is one successful example of public sector jobs boosting private sector activity, write Giulia Faggio, Teresa Schlüter and Philipp vom Berge. In a recent SERC discussion paper, we study t... Read more...
09 April 2018
Today for the first time, the Economic and Social Research Council (ESRC) is to recognise its global centres of excellence with official ESRC Research Institute status. The move acknowledg... Read more...
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...
07 April 2018
The 2018 Italian election had a notable geographic split in voting behaviour, with Lega having more support in the north of the country and the Five Star Movement proving more successful in the south. Monica L... Read more...
20 March 2018
The telegraph was the Victorian equivalent of today’s ‘big data’, helping firms to forecast future demand, writes Claudia Steinwender. How do exporters gather information about overseas... Read more...
In this blog, Josh De Lyon (LSE’s Centre for Economic Performance) discusses some of the concerns with the economic forecasts of the effects of Brexit and suggests that the available reports are inf... Read more...
13 March 2018
That a counter-cyclical monetary policy of low interest rates can raise the yields of certain financial assets, whose property tends to be biased towards families with higher assets and this encourage inequali... Read more...
12 March 2018
The Stanford professor and economist Nicholas Bloom brought up the potential for fraud, adding that government enforcement would be difficult. ... Read more...
21 February 2018
While Caplan dismisses the possibility that universities offer society any real economic benefit, data shows otherwise. After studying new data from UNESCO’S World Higher Education Database, covering 15,... Read more...
06 February 2018
DOI: 10.1111/ecoj.12424 ... Read more...
05 February 2018
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...
02 February 2018
The prospect of this book did make me happy. The idea that a group of well-respected, eminent economists would be making the case that government should focus its efforts on increasing the happiness ... Read more...
22 January 2018
Schools and individual teachers have a huge effect on the happiness of their children. Indeed, the school that children attend affects their happiness nearly as much as it affects their academic performance. W... Read more...
Lord (Richard) Layard, the economist, hosted a dinner at the London School of Economics last week to celebrate the publication of a new book by him and his colleagues, called The Origins of Happiness. It is de... Read more...
21 January 2018
Stanford economist Nicholas Bloom and his cohort analyzed the federal revenue data from the late 1970s to 2013 and found that the gap has shrunk to 20%. Professor Bloom said: "The big pay has existed for ... Read more...
18 January 2018
A recent British study by the Centre for Economic Performance compared student results across schools based on cellphone-use policies and concluded, "Schools that restrict access to mobile phone... Read more...
17 January 2018
The Government and Public Sector Report has been published today. It provides updated in 2018 year analysis of Government and Public Sector Industries. How does education affect economic and social outcomes... Read more...
13 January 2018
But more recently, that premium has shrunk to just 20 per cent, Stansford University economist Nicholas Bloom and his co-authors found in an analysis of millions of federal income data from the late 1970s thro... Read more...
11 January 2018
The average British household is already worse off than it was before the Brexit vote. Dennis Novy and Thomas Sampson discuss how much of the rise in inflation is due to Brexit. Higher prices are costing the a... Read more...
08 January 2018
According to the calculations of the Center for Economic Performance (CEP), Brexit will significantly affect inflation, the national currency rate, as well as the income level of the British and the overall qu... Read more...
07 January 2018
AREPORT written by a Welsh political consultant for a thinktank set up by Tony Blair paints a bleak picture of a post-Brexit future. Dafydd Rees, who has held senior positions with the BBC, Sky and Bloomberg, ... Read more...
05 January 2018
Executive summary: This document sets out some of the key things we have learnt since the referendum. These include: The Office for Budget Responsibility has downgraded UK growth expectations for the ... Read more...
04 January 2018
The following information was released by the Office of Tony Blair: Executive summary The Centre for Economic Performance says that the Brexit vote has cost the average household 404 a year. ... Read more...
03 January 2018
The latest forecasts from major London economic research houses seem to provoke pensive respondents. The renowned London Economics University, a study by the London School of Economics (CEP), has shown that th... Read more...
01 January 2018
The London School of Economics has estimated that failing to agree a trade deal could cost the UK economy up to £430 billion over five years. ... Read more...
Large London think tanks have also drawn attention to the real wage erosion in Great Britain. The recent London-based Economics Research Center (CEP), the London-based Economics University of London, has shown... Read more...
29 December 2017
The recent study of the London School of Economics (CEP) in London has demonstrated with various model calculations that the unexpected market and real economy shock of a British EU member, who won a narrow ma... Read more...
A study published by the Center for Economic Performance at the London School of Economics says the happiest age in human life, statistically, is 23 and 69 years. Based on data from 23,161 people aged 17 and 8... Read more...
28 December 2017
Article by Alex Bell, Raj Chetty, Xavier Jaravel, Neviana Petkova and John Van Reenen: Relatively little is known about the factors that induce people to become inventors. Using data on the lives of over... Read more...
24 December 2017
Brexit analysis from the Centre for Economic Performance recently found that the living standard of every income group in the UK would decrease after Brexit, with those on middle incomes suffering slightly mor... Read more...
22 December 2017
In a recent Guardian column, Elliot reproduced some classic misconceptions about what economists actually do By Stephen Machin and co-authors It has become routine to assault the “dismal science&rd... Read more...
20 December 2017
According to a study by the Financial Times, which analyzed a wide range of estimates and predictions, output in the UK is about 0.9% below the potential for remaining in the single market. In a complementary ... Read more...
Moreover, despite the birth of a true sub-discipline of economics - the economy of happiness - it will still take more than 40 years between the publication of the great article founder Richard A. Easterlin (&... Read more...
As the portal iz.ru wrote, according to calculations for the Center for Economic Performance, each British family will lose up to £404 per year because of Brexit. This is due to rising prices for consume... Read more...
19 December 2017
Everything paletti thus? Not quite. There is a loser, and that means Great Britain. It is becoming increasingly clear that Brexit was not a good idea, at least economically. Thomas Sampson and his colleagues f... Read more...
18 December 2017
Thomas Sampson and colleagues at the London School of Economics have examined the direct effect of sterling’s depreciation since the EU referendum on prices and living standards. With the pound falling a... Read more...
Business investment grew by 1.3 per cent in the third quarter of 2017, this is down almost five-fold against official forecasts for growth drawn up in 2016. This economic downturn after Brexit has already cost... Read more...
FT research shows that the weekly hit to the British economy could be the same £350m that Leave campaigners promised to claw back Thomas Sampson and colleagues at the London School of Economics have e... Read more...
How about the notion that smarts determine life success? That idea too has come under assault from recent research. A recent paper by economists Alex Bell, Raj Chetty, Xavier Jaravel, Neviana Petkova, and John... Read more...
16 December 2017
And crooks respond to the changing value of goods, says Mirko Draca of the University of Warwick. With colleagues at the University of Glasgow and the London School of Economics, he examined the effect of pric... Read more...
In June 2016, a referendum was held in Britain and the result was to withdraw from the EU. This opens the door to an experiment: what happens when an economy wants to reduce its globalization and lift its ties... Read more...
15 December 2017
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...
In a study of the English Center for Economic Performance, published in late autumn, it is reported that only the fact of voting for England's withdrawal from the European Union has resulted in serious los... Read more...
11 December 2017
Thus, the report for the Center for Economic Performance shows that voting for exit from the EU "was an unforeseen shock for the UK economy," the researchers conclude. "Our results provide convi... Read more...
10 December 2017
Article by Gill Wyness Given that twenty years have passed since the introduction of fees in the UK, we now have the opportunity to look at the evidence. In a new Centre for Global Higher Education working ... Read more...
07 December 2017
Article by Gill Wyness In a recent paper, co-authored with Richard Murphy, from the University of Texas at Austin, and Judith Scott-Clayton, from Teachers College, Columbia University, we looked at the cons... Read more...
05 December 2017
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...
Article by Thomas Sampson, Dennis Novy, Holger Breinlich and Elsa Leromain Most economists believe that Brexit will be bad for the UK economy in the long-run. But what about the short-term? How ha... Read more...
04 December 2017
But there will be voices calling to keep the current system in place - and the Department for Education will be unlikely to provide any propulsion for change. A report this week from the Centre for Global High... Read more...
01 December 2017
Andrew Carter talks to Bridget Rosewell and Henry Overman about the merits of big infrastructure projects. In this month’s episode, our chief executive Andrew Carter talks with Bridget Rosewell, Co... Read more...
30 November 2017
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...
29 November 2017
A report by the London School of Economics’ Centre for Economics Performance earlier this month estimated that the Brexit-related spike in inflation in the UK had already cost the average UK household ar... Read more...
Alison Thewliss MP (SNP), Shadow SNP spokesman for Cities and Treasury referred to the recent CEP report The Brexit Vote, Inflation and UK Living Standards estimate "that the average household has... Read more...
27 November 2017
Article by Thomas Sampson et al Most economists believe that Brexit will be bad for the UK economy in the long-run. But what about the short-term? How has the referendum affected households in the first yea... Read more...
However, the regions that are now calling for special rules do not belong to those parts of the country that Brexit is likely to hit particularly hard economically. According to calculations by economists at t... Read more...
The latest work by economists at the London School of Economics estimates that, if the UK crashes out of the EU with no deal, the impact will be far more severe than the projections in the budget suggested. Th... Read more...
26 November 2017
… Dr Thomas Sampson, who co-authored the Centre for Economic Performance research, said: "Even before Brexit occurs, the increase in inflation caused by the Leave vote has already hurt UK household... Read more...
25 November 2017
Government sources said ministers would this week release sections of assessments into the potential economic impact of Brexit carried out across Whitehall, which until recently they had tried to keep secret. ... Read more...
According to the Center for Economic Performance Research Center (CEP), one of the main consequences of the vote on leaving the European Union was a marked decrease in the quality of life of British subjects. ... Read more...
24 November 2017
... according to new analysis from the Centre for Economic Performance (CEP) at the London ... ... Read more...
In the first detailed statistical analysis of how the referendum outcome has affected UK inflation, wages and living standards Thomas Sampson and his team show UK households are paying a high economic price fo... Read more...
The danger is not making a real difference to productivity when the country needs it the most, writes Anna Valero. Budget 2017 began with a bleak assessment of the UK’s growth prospects. For those of us ... Read more...
In support of this statement we can mention a recent investigation by a team of economists from the London School of Economics, directed by Richard Layard. The researchers analyzed data from surveys conducted ... Read more...
23 November 2017
In the referendum on British EU membership last June, a small, 51.9 percent majority of the participants voted out. The study, published on Monday by the prestigious London Economics University at London Schoo... Read more...
But graduates with first-class degrees are more likely than those with a 2:1 to work in high-wage industries – and they earn starting salaries that are about 3 per cent higher, according to research publ... Read more...
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...
A statistical analysis on the consequences of the Brexit vote in the United Kingdom was released on Monday, showing how the referendum outcome has affected inflation and living standards of people across the c... Read more...
Recently, the Center for Economic Performance (CEP), a local research center, recently released a survey according to which every British family, on average, loses 400 pounds sterling per year due to Brexit. ... Read more...
22 November 2017
“One of the guys who pays my wages has decided he’s pulling investment from the UK,” my private fund manager mate tells me on Sunday as we stand on the touchline, watching our kids play rugby... Read more...
Meanwhile, on the home front consumers have been fighting raging price increases thanks to the collapse in the value of the pound. The average household has lost £404 last year according to the Centre fo... Read more...
On 23 June 2016, the UK voted to leave the EU. As soon as the result became clear, sterling depreciated sharply and, since the vote, UK inflation has dramatically increased. How much of the rise in inflat... Read more...
Dr Thomas Sampson, who co-authored the Centre for Economic Performance research, said: “Even before Brexit occurs, the increase in inflation caused by the Leave vote has already hurt UK households. &ldqu... Read more...
20 November 2017
According to research conducted by the UK-based Centre for Economic Performance "By June 2017, the Brexit vote was costing the average household £7.74 per week through ... Read more...
Article by Holger Breinlich, Elsa Leromain, Dennis Novy and Thomas Sampson. On 23 June 2016, the UK voted to leave the EU. As soon as the result became clear, sterling depreciated sharply and, since the vote, ... Read more...
The first detailed statistical analysis of how the referendum outcome has affected UK inflation, wages and living standards shows UK households are paying a high economic price for the vote to leave the Europe... Read more...
While movements in global commodity markets helped raise inflation, price rises in the UK have outstripped those in other leading economies. By September 2017, prices were up 3 per cent over the past year comp... Read more...
13 November 2017
“The inflation figures are the most informative,” says Swati Dhingra, at the Centre for Economic Performance at the London School of Economics. She says the impact of broad uncertainty has been har... Read more...
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...
10 November 2017
England, which used to provide tuition-free public universities, switched to a tuition system in 1998, and has raised fees several times since then. Economists Gill Wyness, Richard Murphy and Judith Scott-Clay... Read more...
02 November 2017
Economists Gill Wyness, Richard Murphy and Judith Scott-Clayton studied the impact of getting rid of free college. What they found might prove a shock to Sanders supporters: The analysis shows that since the m... Read more...
01 November 2017
Article by Davide Cantoni, Jeremiah Dittmar and Noam Yuchtman. Five hundred years ago today, Martin Luther posted 95 theses on the Wittenberg Castle church door critiquing Catholic Church corruption, setting o... Read more...
31 October 2017
30 October 2017
Yet, according to economists Gill Wyness, Richard Murphy and Judith Scott-Clayton, who have studied this British system, it does not work so badly. The authors focus on three dimensions: the accessibility of s... Read more...
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...
Article by Gill Wyness, Richard Murphy and Judith Scott-Clayton The question of who should pay for higher education continues to be hotly debated across the world. This column uses the case of the English h... Read more...
21 October 2017
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...
20 October 2017
Behavior Economist and Nobel Prize Winner Economics Richard H. Thaler is best in joking when a journalist asks him from Stockholm what he will do with the prize. A jovial man also confirms his Belgian colleagu... Read more...
09 October 2017
A study by the London School of Economics (LSE) found some evidence that graduates with a 2:1 degree would earn, on average, £81,000 more over a career lifetime than someone graduating with a 2:2; howeve... Read more...
03 October 2017
"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...
A society in which poverty does not exist sounds utopian - this society is equal but unfair, so it risks collapse, argues Nicholas Bloom, a professor of economics at Stanford University. "People do not wo... Read more...
01 October 2017
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...
27 September 2017
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...
26 September 2017
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...
25 September 2017
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 la... Read more...
20 September 2017
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...
17 September 2017
14 September 2017
…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...
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...
13 September 2017
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...
11 September 2017
Snippet…Here is the amazing fact: today, 16 of France’s 20 largest cities are located on or near a Roman town, while only 2 of Britain’s 20 largest are. This difference existed even back in ... Read more...
03 September 2017
Article by Philippe Aghion and Benedicte Berner The French government has just announced the guidelines for a new labor code, its first major reform to boost France’s economy, by giving more flexibili... Read more...
01 September 2017
Research shows that policy uncertainty can drive down business investment by six to 10.5 per cent. To see how the election created uncertainty in B.C., the Fraser Institute created a proxy measure using newspa... Read more...
31 August 2017
..With incredible timing, Michaels and Rauch, alongside two other coauthors, have another working paper called Flooded Cities. Essentially, looking across the globe, there are frequent very damaging floods, oc... Read more...
30 August 2017
…More importantly, most of the wealth control of US companies is not one of the few top industries, but a few top companies. 10% of the most profitable US companies are 8 times the average profit of the... Read more...
21 August 2017
…A paper in the latest American Economic Review (AER) provides an intriguing perspective on the issue. Tim Besley of the LSE and two Swedish colleagues carried out a very detailed empirical analysis ... Read more...
16 August 2017
Uncertainty about a nation’s economic policies can influence both politics and financial markets, and the effects often spread beyond the country’s borders. Building on his research with Northweste... Read more...
14 August 2017
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...
13 August 2017
Antoine Dechezleprêtre and Misato Sato, Review of Environmental Economics and Policy, Volume 11, Issue 2, July 2017 ... Read more...
08 August 2017
Snippet: ... "I felt like I was sold the dream, but entered a nightmare^” And you may also recognise a familiar voice on the show, as it’s narrated by MasterChef’s voiceover artist India... Read more...
05 August 2017
27 July 2017
Trump and Brexit are rapidly becoming the main threat to the upturn. Once the downturn begins, all fingers will point to them. But the real causes lie somewhere else: Stanford economist Nicholas Bloom points t... Read more...
18 July 2017
A recent study by Erling Bath, Alex Bryson, James Davis, and Richard Freeman showed that the diffusion of individual pay since the 1970s is associated with pay differences between, not within, companies. The S... Read more...
17 July 2017
A similar trend can be observed at the organizational level. A recent study by Erling Bath, Alex Bryson, James Davis and Richard Freeman has shown that the spread of individual wages since the 1970s is linked ... Read more...
14 July 2017
Related article Sunday 16 July Schools Week Education has ‘done nothing’ to improve social mobility http://schoolsweek.co.uk/education-has-done-nothing-to-improve-social-mobility/ Re... Read more...
12 July 2017
Research by Cesar Hidalgo and his colleagues at MIT reveals that, in countries where sectoral concentration has declined in recent decades, such as South Korea, income inequality has fallen. In those where sec... Read more...
In the world of business and economics, there’s a bit of a fixation on uncertainty. To start, there's the VIX, a measure of investor fear, that tracks expected volatility in the markets. But the... Read more...
Construction of McMansions has also increased but people who have smaller homes near where McMansions are built are much, much unhappier with their homes, according to a paper published in the spring by r... Read more...
05 July 2017
Globalisation, technological progress and a range of policies and institutions are driving ‘Great Divergences’ in wages and productivity, write Giuseppe Berlingieri, Patrick Blanchenay and Chiara C... Read more...
Construction of McMansions has also increased but people who have smaller homes near where McMansions are built are much, much unhappier with their homes, according to a paper published in the spring by resear... Read more...
04 July 2017
The 25th Arrow Award for the best paper in health economics is awarded to Martin Gaynor, Carol Propper, and [CEP Alumni] Stephan Seiler for their paper “Free to choose? Reform, choice and considera... Read more...
27 June 2017
As has become the tradition for our last post of the academic year, we’re featuring summer reading recommendations from special people at LSE. This year, two winners of the LSESU Teaching Excellence Awar... Read more...
26 June 2017
The Impact Factor is the average number of times articles from the journal published in the past two years have been cited in the JCR year. The Impact Factor is calculated by dividing the number of citations i... Read more...
16 June 2017
10 June 2017
Dominique Goux, Marc Gurgand and Eric Maurin Related publications ‘in brief… What can be done to help low-Achieving teenagers?’ Dominique Goux, Marc Gurgand and Eric Maurin.&... Read more...
06 June 2017
Article by Nicholas Bloom Translating the economic principles into common language is the passion of Nicholas Bloom, who describes his work as "bar economics" or "concepts that I can explain ... Read more...
05 June 2017
22 May 2017
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...
10 April 2017
Researchers Maarten Goos and Alan Manning posit in “Lousy and Lovely Jobs: the Rising Polarization of Work in Great Britain” that there is a general “hollowing out of middle income routine jo... Read more...
10 March 2017
Then three economics and finance professors—Scott Baker of Northwestern University, Nick Bloom of Stanford University and Steven Davis of the University of Chicago—created a series of Economic Poli... Read more...
05 March 2017
Henrik Kleven and Camille Landais, Economica, 14 March 2017 DOI: 10.1111/ecca.12230 ... Read more...
22 February 2017
Index of uncertainty in the economic policy of China and Hong Kong (China-Hong Kong Economic Policy Uncertainty Index-CHEPUI) are at record levels 672.82 points after soaring up fivefold higher than the averag... Read more...
20 February 2017
Economic policy is always challenging to decipher in China, where Communist Party leaders steer one of the world's most opaque central banks. Indeed, one measure of uncertainty has never been hig... Read more...
Von anderen Star-Ökonomen waren eher pessimistische Stimmen zur Wirtschaftsentwicklung unter Trump zu hören. So sagt Stanford-Ökonom Nicholas Bloom, ... Related publications 'Meas... Read more...
14 February 2017
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...
08 February 2017
Economists point to three factors to explain how population is distributed: geographical characteristics, agglomeration, and history. This column, taken from a new Vox eBook, examines ... Read more...
31 January 2017
There are several worrying trends in the global economy, such as rising inequality within countries and slowing productivity growth. But perhaps the most troubling of them is the fall in labor’s share of... Read more...
27 January 2017
"It genuinely feels that the political uncertainty is very high," said Nicholas Bloom, Professor of Stanford and co-developer of the index of uncertainty. ... Read more...
24 January 2017
Next week, government and business leaders from around the world will meet in Davos, Switzerland for the 2018 World Economic Forum to discuss this years's theme: "Creating a Shared Future in a Fractur... Read more...
19 January 2017
With popular google search results ranging from “What is the EU” to “What will happen if we leave the EU” from Britain hours after the referendum, it is clear that Brexit was an unknowl... Read more...
11 January 2017
Investors should brace themselves for more profit warnings in 2017. This isn't simply because economic growth will slow this year: economists expect an expansion of only 1.2 per cent this year after 2 p... Read more...
04 January 2017
Growth will slow, incomes will be squeezed and investment delayed, FT survey finds Question: ‘How much, if at all, do you expect UK economic growth to slow in 2017?’ Stephen Machin, professor... Read more...
02 January 2017
Professor John Van Reenen, who predicted ahead of the referendum that Brexit would cost up to £1,700 per household per year, has been given an OBE for services to economics and public policy making. Othe... Read more...
30 December 2016
Article by Gill Wyness With UK tuition fees now among the highest in the world, but benefits from having a degree remaining substantial, choosing the right university has never been more important for young... Read more...
09 December 2016
Many people think that migrants take jobs away from citizens, reduce wages or both. Others argue that immigrants benefit the economy because they take risks and start businesses. In three short videos be... Read more...
29 November 2016
The commonly held belief that immigrants hold down the wages of native workers is also doubtful. The economic literature is mixed although a paper by Marco Manacorda, Alan Manning and Jonathan Wadsworth of the... Read more...
17 November 2016
Professor Manning appointed for a 3 year term. Professor Manning has been appointed for a 3 year term following a rigorous recruitment process regulated by the Commissioner for Public Appointments. Home ... Read more...
16 November 2016
Dr Swati Dhingra interviewed, talking about the potential international implications of a Trump White House as well as initial reactions from (Brexit) UK. The interview was broadcast by CKWX News on the Ne... Read more...
… "Uncertainty is a real risk," said economist Michael Strain, of the American Enterprise, a right-of-center think tank. "I'd be reluctant to start a business now, and if I had one, I... Read more...
15 November 2016
EU trade ministers have had Belgium on their minds today - but rather than tucking into chocolate and waffles they've been dealing with the more unappetizing problem of a regional Belgian parliament that's blocking thei... Read more...
18 October 2016
The studies, by the Treasury, the thinktank NIESR and the Centre for Economic Performance and London School of Economics, predicted the effect on the British economy if the UK was to opt for a Norway-style model. That wo... Read more...
This article was based on the research of Luis Garicano and Thomas N. Hubbard. Rising income inequality in the U.S. may seem like a 21st-century preoccupation, as workers agitate to ''occupy Wall Street'' from the left ... Read more...
16 October 2016
Economic migrants are seen as a threat to jobs and the welfare state. The reality is more complex. Immigration of low-skilled workers has become an increasingly contentious political issue in both America and ... Read more...
01 October 2016
The capital's schools are the best in the country. Can they be copied? According to a report last year by researchers at the Institute for Fiscal Studies and the London School of Economics, one-sixth of the improvement ... Read more...
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...
28 September 2016
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...
15 September 2016
See this study by Joao Paulo Pessoa and John Van Reenen. This article was published online by the Bloomberg Gadfly blog on September 2, 2016 Link to article here Related Publications Decoupling of Wage Growth and... Read more...
02 September 2016
...UK-wide, we have increased our school leaver intake by 47 per cent because we have already started to see the positive results that increased social mobility and diversity can have on both your bottom line and wider ... Read more...
25 August 2016
Britain's statistics office has recruited a group of economic heavyweights to boost its ability to crunch numbers on the health of the economy. ... Three economics professor have also been recruited to the working group... Read more...
18 August 2016
Article by Brian Bell and Stephen Machin Wage inequality was partly behind the vote for Brexit. This column shows how areas with relatively low median wages were substantially more likely to vote ‘Lea... Read more...
16 August 2016
Three short paragraphs to explain the Brexit vote: The British people have suffered tremendously since the financial crisis. The real wages of the average person fell by about 10 per cent between 2007 and 2015. This... Read more...
04 August 2016
A new CFM survey discusses the implications of Brexit for the economics profession, write Wouter Den Haan, Ethan Ilzetzki, Martin Ellison and Michael McMahon Before the referendum, there was near unanimity in the profe... Read more...
03 August 2016
Education is not just a vital cornerstone of our culture and economy, it is also potentially one of the great social levellers. However rich or poor our parents, however supportive or dysfunctional our families, a high-q... Read more...
02 August 2016
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...
What is contraction that leads to uncertainty, or the opposite? Last year, as part of a working paper, the economists Scott R. Baker, Nicholas Bloom and Steven J. Davis built a rate of economic uncertainty (UPR, Economi... Read more...
29 July 2016
And if income inequality were not related to our kind, our ethnicity or our level of education, but rather to our workplace? Some employers pay better than others. And the gap between those who pay well and those who pay... Read more...
21 July 2016
Article by Erling Barth, Alex Bryson, James Davis and Richard Freeman Income inequality has risen throughout the advanced world. Various explanations have been suggested for this, but these tend to focus on who you are.... Read more...
18 July 2016
The dominant narrative suggests it was a 'howl of pain' about immigration, stagnant wages and an out-of-control housing market - but figures suggest that's not really true Statistical work by the labour economists Brian... Read more...
17 July 2016
Wage inequality was partly behind the vote for Brexit. In this video, Brian Bell argues that the consequences of Brexit should be evaluated across the income distribution. This video is part of the ''Econ after Brexit'' ... Read more...
14 July 2016
... University and the London-based Centre for Economic Performance. ''Health insurance coverage and ... This article was published by Dubuque Telegraph Herald (USA) on July 13, 2016 Link to article here [Subscrip... Read more...
13 July 2016
For example, I have obtained an internal Scottish Enterprise document circulated last week among senior managers declaring the consequences of Brexit for the Scottish manufacturing sector ''to be overwhelmingly negative'... Read more...
09 July 2016
Rising income inequality in the U.S. may seem like a 21st-century preoccupation, as workers agitate to ''occupy Wall Street'' from the left and to ''make America great again'' from the right. But the wage gap separating ... Read more...
05 July 2016
The Society's Annual Conference was held at the University of Sussex, 21-23 March. This report was prepared by Ferdinando Giugliano, focusing on four fields of economic research: development economics; political economy;... Read more...
01 July 2016
John Van Reenen, head of the Centre for Economic Performance at the London School of Economics, said that Britain's Brexit decision will have both short-term and long-term consequences. ''There is a lot of uncertainty ab... Read more...
Why did so many millions of people vote to leave the European Union? ... Some new research by the labour market economists Brian Bell and Stephen Machin, seen by The Independent, suggests the Leave vote tended to be big... Read more...
26 June 2016
A feeling of anger and frustration with the European Union is strongest in areas of Britain that have seen wages stagnate in recent years, according to research commissioned by the Financial Times. Two leading labour... Read more...
23 June 2016
The Institute for Fiscal Studies, the National Institute of Economic and Social Research and the Centre for Economic Performance have all predicted lower real wages in the event of Brexit, higher prices for goods and ser... Read more...
22 June 2016
In a dramatic escalation of Tory infighting earlier, Mr Cameron told Sky News: 'To hear the Leave campaign today sort of comparing independent experts and economists to Nazi sympathisers - I think they have rather lost ... Read more...
The Center for Economic Performance at the London School of Economics finds that EU immigrants to Britain are better educated and more likely to ... This article was published online by The Wall Street Journal on Ju... Read more...
The economic impacts of Britain leaving the EU With the referendum fast approaching, Thomas Sampson analyses the economic consequences should Britain vote to leave the European Union. Proponents of Brexit, as leaving ... Read more...
21 June 2016
Today Morning Trade talks Brexit and the future of U.K. trade policy with Swati Dhingra, a lecturer in economics at the London School of Economics and a member of the trade research program of the Institutions's Center f... Read more...
We are economists who care about Britain and its future. We feel compelled to speak out on the risks of Leaving and opportunities from Remaining in the EU. If Britain votes to Leave we believe that: • A recessio... Read more...
Things to read about Brexit Below is a selection of informative things to read about Brexit that can help you decide. Please suggest your own in comments, but you cannot post links there. You can send links to editor... Read more...
16 June 2016
Numbers are being thrown around by the Vote Leave and Vote Remain campaigns like they're going out of fashion - but what do the experts say and can we trust them? Six out of seven reports predict a Brexit will hurt us ... Read more...
06 June 2016
Economists for Brexit group claims that downturn would be avoided if Britain removed all trade barriers after leaving EU Economists campaigning for Britain to leave the European Union have accused the Treasury and inter... Read more...
02 June 2016
The claim: Trade union umbrella body the TUC says leaving the EU would cut average earnings by £38 per week by 2030. Reality Check verdict: The TUC has taken other bodies' forecasts that leaving the EU would lea... Read more...
01 June 2016
Economics experts have blasted key assumptions underpinning the Brexit campaign's financial arguments in favour of leaving the EU. The report by the London School of Economics and Political Science's Centre for Econ... Read more...
Article by Swati Dhingra, Gianmarco Ottaviano, Thomas Sampson and John Van Reenen The possibility of the UK leaving the European Union (EU) has generated an unusual degree of consensus among economists. Acr... Read more...
30 May 2016
Responding to Hilton’s article, Javid said: “Steve is entitled to his view … the central issue here is that economically, we are far better off being part of this single market … Now you have the Bank of England, the IMF... Read more...
23 May 2016
According to Dennis Novy, Associate Professor of Economics at the University of Warwick: ''TTIP has the potential to benefit millions of consumers. It goes far beyond an economic project. Its current timetable seems ambi... Read more...
20 May 2016
Recently Gabriel Zucman, of the London School of Economics, estimated that $7.6-trillion of global cross-border wealth is being held in tax havens. This figure includes only financial assets. If it also accounted for ass... Read more...
16 May 2016
Perhaps the most overlooked aspect of economic inequality has been the role that firms play in it. It's safe to say that a significant part of the growing gap in how well different firms pay can be attributed to the lat... Read more...
11 May 2016
Article by Cletus C. Coughlin and Dennis Novy Borders impede trade, and a major objective of research in international trade has been to identify by how much. This column argues that bilateral trade data can give a misl... Read more...
08 May 2016
The Panama Papers have helped expose just how big the problems of offshore tax havens are. Professor Gabriel Zucman, from the London School of Economics, had already estimated the amount of offshore money by measuring di... Read more...
19 April 2016
The frustrating thing is that politicians seem quite happy to ignore evidence - even when they have helped to support the researchers who produced it. For example, when the chancellor George Osborne announced in his bud... Read more...
16 April 2016
14 April 2016
There's no doubt that smartphones have remarkable capabilities which, in theory, could promote student learning. But the truth is that kids - in spite of the best efforts of parents and teachers - use their phones prima... Read more...
12 April 2016
Cornell's Richard Burkhauser has co-authored (with Jan-Emmanuel De Neve and Nattavudh Powdthavee of CEP) a research paper that contends a person's satisfaction drops as the percentage of overall income held by the very r... Read more...
06 April 2016
A research paper by Richard Burkhauser, Jan-Emmanuel De Neve and Nattavudh Powdthavee contends that a person's satisfaction drops as the percentage of overall income held by the very rich in a country rises. However, the... Read more...
31 March 2016
''My view of the history of minimum wages is that we've always been surprised about how you seem to be able to push them up without harming job prospects,'' says Alan Manning, a professor at the London School of Economic... Read more...
29 March 2016
Expansion of higher education systems around the world is likely to continue, according to a study that found a strong correlation between opening universities and significantly increased economic growth. An analysis... Read more...
23 March 2016
If the UK added 1 university to each region, national income would grow 0.7%, write Anna Valaero and John Van Reenen. This article was published by the LSE Business Review blog on March 23, 2016 Link to article here ... Read more...
John Van Reenen, Director of the Centre for Economic Performance, gives his reaction to the 2016 Budget. The austerity approach continues, despite it having little economic sense. Fuel duty is frozen as a sweetener to hi... Read more...
16 March 2016
Although the report also raised as an option Britain signing onto the North American Free Trade Agreement, report co-author Swati Dhingra said she does not envisage that happening. Even if it did, Dhingra said, it would ... Read more...
14 March 2016
In an article entitled 'Be happy, pay more to the taxman', Professor Richard Layard argues that it is the income gap, rather than total wealth that is most pertinent to people's happiness. Studies show, writes Layard, th... Read more...
08 March 2016
Article by Swati Dhingra and Thomas Sampson In June, UK voters will decide whether to remain part of the EU. This column explores the UK's options if a majority votes in favour of Brexit. One possibility is for the UK, ... Read more...
04 March 2016
Article by Guy Michaels Over the last 30 years, floods have killed more than 500,000 people globally, and displaced about 650m more. In a recent paper published by the Centre for Economic Performance, we examined why so... Read more...
01 March 2016
Article by Jan-Emmanuel De Neve and Nick Powdthavee Despite growing concern over the economic and social implications of the increasing concentration of wealth among a wealthy elite, we continue to know very little abou... Read more...
16 February 2016
Dr Thomas Sampson from the Centre for Economic Performance says the EU accounts for about half of all UK trade. This interview was broadcast by Sky News Tonight on January 25, 2016 Link to interview here Related pub... Read more...
25 January 2016
Professor Paul Cheshire accused the tycoon of hugely exaggerating the size and benefits of his stake in Scotland and said promises made by him were falling apart at the seams. This article was published by the Mail on ... Read more...
10 January 2016
The Treasury's top civil servant, Sir Nicholas Macpherson, is set to stand down in April, having led the Government department for over a decade. George Osborne, the Chancellor, said he would ''miss'' Sir Nicholas, 56,... Read more...
04 January 2016
The size of the current account deficit and the UK's reliance on household consumption are among the main worries for Britain's leading economists. John van Reenen, Director, Centre for Economic Performance: First... Read more...
03 January 2016
The biggest issue for 2016...is the same as it was for 2015: the possibility of Brexit Section by John Van Reenen Being part of the world's largest economic trading block benefits the UK through more trade and foreign ... Read more...
31 December 2015
The World Bank Group launched the Competitive Cities report [1] on December 10 - ''Competitive Cities for Jobs and Growth: What, Who and How,'' which represents almost two years of research and analysis to put together a... Read more...
18 December 2015
There is much in the Ciudadanos programme, drawn up by Luis Garicano, a London School of Economics professor, to appeal to investors. This article was published in The Times on December 17, 2015 Link to article http:/... Read more...
17 December 2015
We said in reporting official Labour Market Statistics that ''Three in four new jobs go to migrants from EU countries'' (News, Nov 12). This was wrong. The Office for National Statistics has stated that its estimates of ... Read more...
10 December 2015
The opportunities for social mobility, that higher education and income than the parents, is less in the United Kingdom than in Norway. Professor Stephen Machin at the Centre for Economic Performance in the United Kingdo... Read more...
'Bleak' prospects A seminar on social mobility in the UK, to be held at the London School of Economics on Thursday, will hear that too little progress is being made. It will be addressed by Prof Stephen Machin, res... Read more...
Article by Lee Elliot Major and Stephen Machin Private tutoring is booming and elite universities remain preserve of middle classes; something must change, say Lee Elliot Major and Stephen Machin Social mobility is t... Read more...
09 December 2015
Analysts already point to Ciudadanos as the likely kingmaker after the December 20 election. The party is expected to command a parliamentary group so large that it would be impossible for others to rule without it. Ciud... Read more...
08 December 2015
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...
25 November 2015
Richard Layard profiled: ''Richard Layard, who believes the basic purpose of economics is the maximization of happiness and well-being'' A day after sharing a stage with the Dalai Lama, London School of Economics (LSE)... Read more...
In his speech Sanders also cited a remarkable statistic: 0.1 percent of American families enjoy almost as much as wealth 90 percent of the rest of the country put together. In 2014 just 160,000 families - each with a ne... Read more...
21 November 2015
Social mobility plays a curious and sometimes tortuous role in our national political psyche. We love talking about it even if we can't, or won't, do much about it. Greater mobility is a goal lionised by all politicians ... Read more...
18 November 2015
Hoboken, NJ - John Wiley and Sons, Inc., and the British Academy are pleased to announce the winners of the 2015 Wiley Prize in Economics and the Wiley Prize in Psychology The annual Wiley Prize in Economics, made in p... Read more...
29 October 2015
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...
22 October 2015
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...
25 September 2015
Richard Layard, emeritus Professor of economics at the LSE interviewed on action for happiness campaign for increased happiness and kindness in the UK. The interview was broadcast by BBC World Service on September 21, 2... Read more...
21 September 2015
In the afternoon, an enthusiastic and friendly audience of more than 2000 awaited His Holiness's arrival at the Lyceum theatre. He was met at the stage door by his old friend Lord Richard Layard, who with Director of Act... Read more...
Primary colours But, when it comes to the truth, Sala i Martin has refused to discuss publicly with Luis Garicano, another heavyweight, Professor at the London School of Economics. The worst has been disappointing argum... Read more...
Look out, Thomas Piketty. Here comes Gabriel Zucman. With a slim new book that has the feel of Piketty's bestselling Capital in the 21st Century, Zucman, a baby-faced 28-year-old University of California-Berkeley econom... Read more...
We decided to examine Sanders' statement that the richest 0.1 percent has nearly as much as the bottom 90 percent. Its a standard line in Sanders' speeches. Warren Gunnels, policy director of Sanders' presidential campai... Read more...
In the 70's, the New Yorker Richard Easterlin Economist concluded that, once past a certain level of income in the richest nations, happiness not increased as a result of higher revenues. Today we know for scientific res... Read more...
16 September 2015
The Coordinator of the economic program and citizens Social (C's), Luis Garicano, has invited the Economist Xavier Sala-i-Martin, favourable to the independence of Catalonia, to discuss the economic implications of that ... Read more...
Joan Costa Font interviewed regarding the push for Catalan independence in Spain. The interview was broadcast by Al Jazeera International on September 12, 2015 [No link available.] Related links Joan Costa Font webpa... Read more...
12 September 2015
Economists Emmanuel Saez of the University of California-Berkeley and Gabriel Zucman of the London School of Economics have been studying wealth inequality for a long time. Here is their graph of the divergence in wealth... Read more...
10 September 2015
... Tambien lo estudio el historiador Albrecht Ritschl, de la London School of Economices (LSE). En medio de la Guerra Fria, los... Germany suffers from amnesia Also studied it the historian Albrecht Ritschl, of the Lo... Read more...
03 September 2015
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...
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...
01 September 2015
Solidarity Economy: Conversations with the Dalai Lama about altruism, development and compassion The Mind and Life Institute was born in 1987 ... the Professor Emeritus of Economics at the London School of Economics, Lo... Read more...
28 August 2015
It's a powerful and timely point. Rent extraction and rising inequality are two sides of the same coin. Research by Brian Bell and John Van Reenen last year suggested that up to two-thirds of the increase in the overall ... Read more...
24 August 2015
Article by Dennis Novy Alexis Tsipras will be able to survive, for one simple reason: there’s no better alternative. The Greeks don’t want to leave the Eurozone. The last months have shown that the government's prev... Read more...
17 August 2015
[Gabriel] Ahlfeldt, an Associate Professor of Urban Economics and Land Development at the London School of Economics and Political Science, says as long as outward growth is prevented by policies such as the 'green belt'... Read more...
10 August 2015
Consider a paper presented at the Summer Session of the National Bureau of Economic Research by Raj Chetty, Bloomberg Professor of Economics at Harvard University, ''Innovation Policy and the Lifecycle of Inventors.'' (T... Read more...
Article by Gill Wyness There were a surprising number of announcements relating to higher education in George Osborne's budget this week. One of the most controversial was the announcement that university maintenance gr... Read more...
10 July 2015
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...
09 July 2015
Albrecht Ritschl is interviewed on market crashes and China. The interview was broadcast by CNN International Europe - The Business View News on July 9, 2015 [No link available] Related publications 'Reparations, Def... Read more...
... creditors, in exchange for pro-market reforms'', said Professor Albrecht Ritschl of the London School of Economics. West Germany was able to borrow on international markets again, and, free ... This article was publ... Read more...
Ralf Martin, Mirabelle Muuls, Laure B. De Preux and Ulrich J. Wagner have received the 2015 Erik Kempe Award for their paper 'Industry Compensation Under Relocation Risk: A Firm-Level Analysis of the EU Emissions Trading... Read more...
29 June 2015
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...
25 June 2015
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...
23 June 2015
A new paper by Mr Saez and Gabriel Zucman of the London School of Economics reckons past estimates badly underestimated the share of wealth belonging to the very rich. It uses a richer variety of sources than prior studi... Read more...
22 June 2015
See: Comment by georgep76 3dago - below the cartoon Germany has been described as the biggest ''debt transgressor'' of the 20th Century, with restructurings in 1924, 1929, 1932 and 1953. Total debt forgiveness for Germ... Read more...
21 June 2015
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...
A look back: national bankruptcies are not so rare The economic historian Albrecht Ritschl called Germany the most wayward of the 20th century: ''The Federal Republic owes your today's financial stability and its status... Read more...
18 June 2015
Letter from Ha-Joon Chang, Thomas Piketty, David Blanchflower and others Emeritus professor of Economics, Cambridge University Prof Hugh Willmott, CASS Business School Prof Steve Keen, Professor of Economics, Kingston U... Read more...
12 June 2015
Citizens violate their economic program in the Andalusian pact No sign of economist [Luis] Garicano's proposals to simplify administration. Queues at a theater to hear an economic program of a party was an unprecedente... Read more...
11 June 2015
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...
04 June 2015
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...
03 June 2015
''The challenge is as big as putting a man on the moon,'' says Richard Layard of the London School of Economics, one of the founders of the programme along with other prominent scientists, economists and industrialists. ... Read more...
A number of Britain's leading experts in the field of climate research are focused on achieving the goal of solving the world's most pressing problem: the continued global temperature rise. This article was published on... Read more...
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...
02 June 2015
Lord Richard Layard, an economist at the London School of Economics and member of the Apollo group, said it was barely believable that the world only spent 2% of its R&D money on its ''most pressing problem'' of clim... Read more...
Earning more money, bagging the fabulous job you have always wanted, or travelling the world might seem like keys to happiness. But, according to ''happiness expert'' Paul Dolan, making simple changes is the key to bring... Read more...
01 June 2015
More money, the job of your life may seem like the keys to a happier life. However it is no less true that happiness is, according to Professor Paul Dolan. Just small changes that bring joy and give meaning to life can... Read more...
31 May 2015
According to happiness expert Prof Paul Dolan, making simple changes are the key to creating joy. Prof Dolan, of the London School of Economics, has claimed a work promotion may bring more stress, travelling can be lonel... Read more...
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...
30 May 2015
Corporate greed isn't good, but it might not be as bad for inequality as we thought - or at least not in the way we thought. Now it seems pretty obvious that inequality must have something to do with executive pay. After... Read more...
29 May 2015
Article by Camille Terrier French teachers went on strike on May 19 to voice their disapproval of two major reforms that have been proposed by Najat Vallaud-Belkacem, the French education minister. The two reforms are v... Read more...
22 May 2015
The Conversation is fact checking political statements in the lead-up to the May UK general election. Statements are checked by an academic with expertise in the area. A second academic expert reviews an anonymous copy o... Read more...
28 April 2015
Both labour and its opponents make too much of a new policy Labour made two housing policy commitments over the weekend, only one of which was interesting. The uninteresting one was the promise to cut stamp duty for fir... Read more...
27 April 2015
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...
19 April 2015
There are signs that inequality in the UK is beginning to rise again following tax and benefit changes introduced since 2010, an economic analysis has found. The study by the Centre for Economic Performance found the... Read more...
17 April 2015
Article by Ian Preston, Andrew Street, Claudia Hupkau, David Chivers, Peter Beresford and Simon Burgess The Conversation's Manifesto Check, where academics subject each party's election manifesto to unbiased, expert scr... Read more...
On paper, the Conservatives should reap dividends from a sharp recovery in Britain's economy which outpaced the world's other big, rich nations last year. Employment has surged, including in the West Midlands wher... Read more...
16 April 2015
Article by 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...
13 April 2015
The possible spending plans of Labour and the Tories illustrate the fact that there are real choices to be made at the election, writes John Van Reenen. When viewed over the longer term, the state of the UK economy is n... Read more...
30 March 2015
El economista Luis Garicano, autor del programa economico del partido de Albert Rivera, opina que la inversion en la alta velocidad de Galicia es un ''derroche keynesiano'' que debe paralizarse Economist Luis Garicano... Read more...
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...
27 March 2015
Since the global financial crisis, workers' real wages and family living standards in the UK have suffered to an extent unprecedented in modern history. The one group in society for whom living standards have risen since... Read more...
26 March 2015
The big squeeze in UK living standards after the 2008 crash has been driven by a historically large squeeze in real wages (wages taking into account inflation). This was all set out in a new report from the Centre for Ec... Read more...
Article by Sandra McNally With education policy set to play an important part in the May general election campaign, debates around the future direction of the school system will take place against the backdrop of fast-p... Read more...
24 March 2015
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...
19 March 2015
New research from a group of economists at Harvard, the Treasury Department, and the London School of Economics provides a particularly vivid illustration of how disadvantage can harm the economy at large. The researcher... Read more...
16 March 2015
Iglesias's left-wing economic proposals have put business leaders on guard, while Rivera's economic programme, drawn up by Luis Garicano of the London School of Economics, has been better received by the business world. ... Read more...
11 March 2015
Article by Professor John Van Reenen, Director of the Centre for Economic Performance All elections since 1992 have been followed by net tax increases of around £5 billion in today's money. It is therefore incumbe... Read more...
Discover the Government to catapult the economy and the stock market in Spain In a double election year in Spain, what is the best option to boost economic growth and improve our living conditions? ... We also believe... Read more...
10 March 2015
Spain prepares for bipartisanship in a crowded election year His economic program, developed by a professor at the London School of Economics, Luis Garicano, reassures companies. It also has support from the media. ... Read more...
Robert Peston speaks to Gabriel Zucman and other policymakers and opinion shapers, discussing inequality in the US and around the globe. The programme was broadcast by the BBC World Service on March 4, 2015 Link to... Read more...
04 March 2015
Immigration and security minister James Brokenshire responded ... ''Uncontrolled, mass immigration makes it difficult to maintain social cohesion, puts pressure on public services and can force down wages.'' But even a m... Read more...
03 March 2015
Spain: an array of new players signals yearning for change. ... A new recruit whose academic credentials will impress some voters: Luis Garicano, a professor of ''economics and strategy'' at the London School of Economi... Read more...
28 February 2015
A new report from the Centre for Economic Performance (CEP) shows that there is no evidence of a negative impact of immigration on jobs, wages, housing or the crowding out of public services. The author, Professor Jonath... Read more...
27 February 2015
Q: How do you calculate reparations for something as catastrophic as WWII? A: Were Germany to pay reparations for the whole of the destruction it caused during the war - the Nazis were estimated to have been responsib... Read more...
10 February 2015
Albrecht Ritschl interviewed, discussing Greece's claim that it helped Germany financially after the Second World War and the political motivations behind it. The interview was broadcast on the BBC World Service Globa... Read more...
09 February 2015
According to the new Greek government, Germany has an enormous unpaid account in Greece. The Germans never paid anything for the murdering and plundering in the Second World War. The 'Zwangsanleihe', an extorted loan of ... Read more...
Citizens will present on Feb. 17 in Madrid the first axis of its economic program in a ceremony that will feature the leader of the formation, Albert Rivera, and Economist Luis Garicano, 'signed' to implement economic me... Read more...
08 February 2015
Greek officials are seeking support for a new debt agreement. ... The Germans are conveniently ignoring is their own record as one of history's biggest deadbeats. In the 1920s, according to a prominent German economic hi... Read more...
Article asking that the crisis of inequality be looked at in a new way. Cites Gabriel Zucman's research: In perversely referring to the classic work of Adam Smith's book, ''The wealth of nations missing'' (Missing the we... Read more...
03 February 2015
Dr Gabriel Zucman was interviewed about wealth inequalities. The interview was broadcast on BBC Radio 4 News on February 3, 2015 Link to News programme here Related links Gabriel Zucman webpage Productivity and ... Read more...
According to a study by Professor Gabriel Zucman, of the London School of Economics, quoted by MM, on 26 November, at least 8 percent of the world's wealth, or about $7.6 trillion, are in private accounts in tax havens. ... Read more...
02 February 2015
''Germany's resurgence has only been possible through waiving extensive debt payments and stopping reparations to its World War II victims'', economic historian Albrecht Ritschl told Der Spiegel in 2011, describing Germa... Read more...
30 January 2015
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...
29 January 2015
Britain has prized the ideal of economically mixed neighbourhoods since the 19th century. Poverty and disadvantage are intensified when poor people cluster, runs the argument; conversely, the rich are unfairly helped whe... Read more...
Dr Dennis Novy talking about Europe's economy if Syriza win the Greek election. The interview was broadcast by Sky News on January 28, 2015 Link to broadcast here Related links Dennis Novy webpage Globalisatio... Read more...
28 January 2015
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...
There is a human mass that despite being available for work and knowledge loses ability to be employed. This generates a terrific competition by seeking higher returns among the cheapest labour in Asia and the suppressor... Read more...
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...
20 January 2015
The Center for American Progress has published a lengthy and ambitious report on how to achieve ''inclusive prosperity'' - a subject that is sure to play a prominent role in the [US] 2016 election. The report is the p... Read more...
15 January 2015
New report from Inclusive Prosperity Commission, transatlantic group convened by the Center for American Progress, will present policy proposals to promote broadly shared prosperity throughout the United States Washingt... Read more...
Britain's recovery is secure and will continue at a good pace in 2015 even if growth is likely to be a bit weaker than last year, economists said in one of their most optimistic assessments since the financial crisis. ... Read more...
01 January 2015
Barbara Petrongolo will take over from Joseph Zweimuller as Director of the Labour Economics Programme from 1 August 2015. Barbara is Professor of Economics at Queen Mary University and Research Associate at the Centre... Read more...
11 November 2014
When the Berlin Wall went up in 1961, it created what London School of Economics associate professor Daniel Sturm calls a ''perfect experiment''. While people in West Germany voted in free elections, read independent new... Read more...
12 October 2014
Veronica Rappoport of the Centre for Economic Performance comments on her choice to be recipient(s) of this year's Nobel Prize for Economics: ''At some point should touch the area of economic growth: Romer, Aghion and... Read more...
10 October 2014
In a letter to the Financial Times, academics from Scotland and England warn that separation is a gamble with very poor odds. Professor John Van Reenen, Director of the Centre for Economic Performance; Professor Mike El... Read more...
17 September 2014
On Monday 8 September 2014, CEP hosted the only economics session in the British Science Festival. Presenting their work on the "Economics of Inquality" were John Van Reenen on the 99%; Brian Bell on Top Pay... Read more...
08 September 2014
Draghi: an offer you should not refuse Article by Luis Garicano The Spanish and European economic course opens with the bad news of growth in real GDP and prices in the euro area in the second quarter and the response ... Read more...
30 August 2014
History teaches us that labour markets are able to recover from the changes wrought upon them by technological change, said Alan Manning, professor of economics at the London School of Economics. ''If I take an historica... Read more...
18 August 2014
The SNP has been in government in a devolved Scotland for more than seven years. During that time it has had control over most of the levers of social justice, from education to healthcare, from local authority spending ... Read more...
27 July 2014
Letter page Sir, In his very timely commentary, Martin Wolf addressed the increasingly urgent issue of personal misery and its social impact caused by our failure to treat depression and crippling anxiety, now affectin... Read more...
18 July 2014
Article by Henry Overman Our latest evidence review on the economic impact of cultural and sport projects might make for uncomfortable reading for some local decision makers. We looked at these programmes' effects on wa... Read more...
16 July 2014
A new study adds some empirical firepower to the idea that poor patent laws are crushing innovation in the technology industry. Researchers from the London School of Economics studied citations from patents that were inv... Read more...
12 July 2014
The Northern Futures project is a new approach to policymaking which means that rather than decisions being made by politicians and civil servants in Whitehall, the power is given to the people who live and work there. .... Read more...
04 July 2014
Article by Christopher Pissarides The Need For Social Dialogue To Improve Distribution Eurofound stands for Improvement of Living and Working Conditions through social dialogue. Currently, in the midst of high unemploy... Read more...
23 June 2014
Henry Overman, a London School of Economics professor who authored the report, has continued to lobby for ''agglomeration'' of big northern cities. Prof Overman said recently that reducing travel time between Leeds and M... Read more...
...errores Uno de los analistas economicos mas acreditados, el catedratico de la London School of Economics, Luis Garicano, autor de un certero diagnostico reciente sobre la coyuntura de este pais... Spain and the ri... Read more...
17 June 2014
Abgesehen davon gibt es generelle MaBnahmen, die sowohl den Einwanderern, als auch den Einheimischen selbst zugute kommen. Richard Layard wirbt beispielsweise für eine fortschrittliche Steuerpolitik, um die wirtschaftli... Read more...
16 June 2014
In a keynote paper to last week's Modelling World conference, Henry Overman said much greater discipline needed to be imposed on the claims made by policy-makers about transport investment's impact on the economy. ... Read more...
13 June 2014
Autism costs the US and UK economies $175bn (£104bn) and £32bn a year respectively, more than any other medical condition and greater than the cost of cancer, strokes and heart disease combined, according to ... Read more...
09 June 2014
An online network aims to bring policymakers together with academics studying higher education, potentially stimulating new research on neglected areas such as the effectiveness of access spending. The ''Economics of Hig... Read more...
21 November 2013
Increasing the number of poorer students in higher education has not proved to be the ''great social leveller'' that it was expected to be in the Robbins era. That was the argument set out by Anna Vignoles, professor of ... Read more...
31 October 2013
In addition, my research with John Van Reenen of the London School of Economics shows that JVs (joint ventures) are 23% more productive on average than other firms. Those which had a technology transfer agreement that di... Read more...
01 May 2013
Today's British economy is the legacy of Margaret Thatcher. The governments that succeeded her did not change the broad lines of her policies. John Major privatised the railways. Labour lightly regulated the City of Lond... Read more...
11 April 2013
Article by John Van Reenen Margaret Thatcher's economic legacy lives on. This column provides a markedly balanced assessment of her mistakes and achievements. Most pressingly, Thatcherism left the UK failing to properly... Read more...
John Van Reenen analyses the economic legacy of Margaret Thatcher. In the late 1970s, when the UK was behind other developed nations in terms of material wellbeing, her supply side policies spurred economic revival. Ther... Read more...
10 April 2013
The consensus in 2000 of a team of American, British and Canadian scholars working under the auspices of America’s National Bureau of Economic Research, and Britain’s Centre for Economic Performance and its Institut... Read more...
09 April 2013
John Van Reenen, head of the Centre for Economic Performance at the London School of Economics, said: "The changes [under Thatcher] helped shift Britain from a century of relative decline to three decades where we c... Read more...
08 April 2013
Margaret Thatcher's demolition of the trade unions in the 1980s has helped to keep Britons in work through the latest financial crisis, leading economists suggested yesterday...Economists have been baffled by the conundr... Read more...
06 April 2013
In a blog, Jonathan Portes writes, NIESR has just published research estimating the economic impact of immediate versus delayed fiscal consolidation in the UK. The research was undertaken by Dawn Holland (NIESR), John Va... Read more...
03 August 2012
Professor Stephen Machin discusses the dramatic rise in inequality in the UK over the past 30 years, including the impact of 'skill-based technological change' and the polarisation of the labour market.... Read more...
05 May 2011
Overall wage and income inequality rose slightly under the Labour government since 1997. This was driven by the top half (especially the top 10 per cent) of the income distribution. There was no change in inequality (and... Read more...
27 April 2010
New paper by Pawel Bukowski and Filip Novokmet “Inequality in Poland: Estimating the Whole Distribution by g-percentile 1983-2015” combines national accounts, survey and tax data in order... Read more...
29 November 2007