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Jonathan Haskel and Stian Westlake argue that capitalism can be revitalised by promoting ‘further investment’ in what they call ‘intangible capital’. ... Read more...
11 April 2022
Jonathan Haskel and Stain Westlake explain why the UK government's focus on funding overlooks many levers for innovation policy. ... Read more...
30 March 2022
Alan Manning offers insights on trends in workers switching or leaving jobs during the Covid-19 pandemic. ... Read more...
17 November 2021
The Financial Times cites research by Alan Manning and Graham Mazeine while analysing the dabate around improving job security as we emerge from the Covid-19 pandemic. ... Read more...
20 April 2021
In light of the Biden adminstration's Covid-19 Relief Bill, Felix Koenig analysis the historical impact of minum wage bills on jobs and wages. ... Read more...
26 February 2021
A report by Nicolás González-Pampillón, Gonzalo Nunez-Chaim and Katharina Ziegler shows that footfall in restaurants increased by 5-6% during the UK government's Eat Out to Help O... Read more...
18 February 2021
The Economist examines the benefits of working from home in light of lockdown, and cites findings made by Nick Bloom that those who worked from home were more productive. ... Read more...
12 September 2020
Why we need to do something about the monopsony power of employers - Alan Manning writes about how monopsony lowers worker mobility and wages, in this new blog article at LSE. ... Read more...
26 August 2020
Employers are not vocal enough about the need for higher pay, writes Alan Manning, former chair of the government's Migration Advisory Committee and professor of economics aat LSE. ... Read more...
21 July 2020
Even in more advanced countries, national statistics have proved inadequate in recording informal workers outside the organised sector, especially the new breed of self-employed and temporary workers in cities... Read more...
05 May 2020
Professor Stephen Machin, director of CEP, helps explain how many workers are more vulnerable to the economic fallout from the coronavirus than the record-high employment figures suggest. "The last 12 ... Read more...
06 April 2020
As part of the new system, the government is expected to drop plans for a salary threshold of £30,000 for applicants. The government immigration adviser, the Migration Advisory Committee, recommended las... Read more...
15 February 2020
Nikhil Datta, trade and labour researcher at the London School of Economics has conducted research of 2,000 workers across the US and UK economy and found that most workers valued job security over flexibility.... Read more...
02 December 2019
How can social mobility be improved? Lee Elliot Major and Stephen Machin write that merely tweaking existing policies will not transform society. They outline four major changes that have the potential to actually do so.... Read more...
30 October 2019
Contemporary labour markets are characterised by more atypical or alternative work arrangements. Some of these - like independent contractors - have emerged in the context of self-employment, while others - like zero hou... Read more...
22 October 2019
Meanwhile, some studies suggest that research productivity is slowing down, so that it takes more scientists to glean each new insight across a variety of fields. Fighting this slowdown is a worthy goal, but a difficult... Read more...
03 October 2019
In their robotics focussed study carried out in 2015, Graetz and Michaels concluded that robot densification increased the annual growth of GDP and labour productivity by about 0.37% and 0.36% respectively across 17 coun... Read more...
23 September 2019
A new paper by economists Nicholas Bloom, John Van Reenen and Heidi Williams canvasses the principal policies that governments have used to nurture innovation. A Toolkit of Policies to Promote Innovation, Nicholas Bloom... Read more...
20 September 2019
Ignore for a moment, the horrendous costs involved in this wholesale re-direction of human work. The question is which jobs are most at risk in which sectors. According to MIT economist David Autor, automation will subst... Read more...
19 September 2019
On Brexit and the potential future trading options for the UK and the EU27. This interview was part of a larger piece for the 6 o'clock news programme. ... Read more...
17 September 2019
Of course, the elasticity of the response to automation is an empirical question. Recent studies indeed find evidence of positive employment responses in some industries with new information technologies, automation, and... Read more...
13 September 2019
12 September 2019
In many economies, the popularity of 'atypical employment relationships' is increasing. More and more people are using free time jobs, working on their own, making money through shared services. Economist Nikhil Datta pr... Read more...
26 July 2019
New UK evidence may lend support to heavier investment in transport infrastructure that facilitates longer-distance commuting, write Michael Amior and Alan Manning.... Read more...
23 July 2019
By Nikhil Datta, PhD candidate, UCL, and Research Assistant, CEP, LSE. Originally published at VoxEU Is the rise of 'atypical' work arrangements - such as self-employment, freelancing, gig work and zero-hour contracts -... Read more...
20 July 2019
Nikhil Datta Is the rise of 'atypical' work arrangements - such as self-employment, freelancing, gig work and zero-hour contracts - a result of workers wanting such jobs or because they have no other choice? This column... Read more...
19 July 2019
This week's guest blog comes from Christian Krekel, a Research Fellow at the Centre for Economic Performance, London School of Economics, working with George Ward from MIT Sloan and Jan-Emmanuel De Neve from Oxford Unive... Read more...
17 July 2019
Freelancers, gig workers and the self-employed like flexibility, but they would much prefer job security, writes Nikhil Datta.... Read more...
16 July 2019
A recent study set out to explore how effective apprenticeships were at supporting students as they both learn new skills and make their way into the workplace. The researchers assess young people who completed their GCS... Read more...
12 July 2019
Since the advent of industrial robots, various studies have been published on "How industrial robots affect manufacturing". For example, according to an industry survey of 17 countries from 1993 to 2007 (Graetz, G and G ... Read more...
In an article for Bloomberg last month, Noah Smith notes that the hubbub about technological unemployment and falling wages is largely a lot of scary hand-wringing over what is possible rather than clear-headed analysis ... Read more...
11 July 2019
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Dr Chiara Cavaglia Make Devolution is also affecting "education and skills", e.g. with the Adult Education Budget being managed locally form 2019/20. With this in mind, the All Party Parliamentary Group on Apprenticeshi... Read more...
10 July 2019
09 July 2019
In the most definitive study to date, published this year in the top-rated Quarterly Journal of Economics, economists Doruk Cengiz and Dube as well as Attila Lindner of University College London and EPI's Zipperer evalua... Read more...
08 July 2019
Snippet: ...'s virtually impossible However good the advice they get is are trying to understand the make your way through that is extremely hard and Professor Sandra McNally runs the centre for vocational education rese... Read more...
03 July 2019
... and the author of the new research paper, Nikhil Datta. "They value these, and other aspects of job security like sick leave and paid holiday, ... ... Read more...
GIG ECONOMY work is a necessity rather than a choice, and those reliant on it would be willing to earn less in exchange for more job security, according to a study of workers in the UK and the US. The report by the Londo... Read more...
02 July 2019
Freelancers, gig workers and the self-employed like flexibility, but they would much prefer job security, writes Nikhil Datta... Read more...
"Workers like knowing when their next pay check is coming, where it's coming from and how much it will be," said Nikhil Datta, researcher at the ... ... Read more...
Research by Nick Bloom, James Liang, John Roberts and Zhichun Jenny Ying on Ctrip in China showed a 13.5 per cent rise in worker productivity through work from home policies as employees completed their full shift of wor... Read more...
28 June 2019
26 June 2019
Workers facing occupational decline earn 2-5 per cent less over their careers; low earners can lose 10 per cent, write Per-Anders Edin, Tiernan Evans, Georg Graetz, Sofia Hernnas and Guy Michaels. ... Read more...
25 June 2019
Per-Anders Edin, Tiernan Evans, Georg Graetz, Sofia Hernnas, Guy Michaels As new technologies replace human labour in a growing number of tasks, employment in some occupations invariably falls. This column compares ou... Read more...
24 June 2019
One of these efforts can be found in an article by economists Francesco Caselli and Alan Manning. Its mathematical model is quite flexible: it allows many types of workers and many different consumer and capital goods.... Read more...
23 June 2019
22 June 2019
The introduction of an extra robot for a thousand workers reduces the employment rate by about 0.18-0.34 percentage points and wages by 0.25-0.5 percentage points. Looking at a sample of 17 countries, Georg Graetz and Gu... Read more...
20 June 2019
19 June 2019
Workers facing occupational decline earn 2-5 per cent less over their careers; low earners can lose 10 per cent, write Per-Anders Edin, Tiernan Evans, Georg Graetz, Sofia Hernnas and Guy Michaels.... Read more...
18 June 2019
"The striking fact is that over time, people simply do not adapt to being unemployed," says Jan-Emmanuel De Neve, an associate professor of economics and strategy at Oxford University and associate editor of th... Read more...
17 June 2019
MAC chairman Professor Alan Manning said: "Today's labour market is very different to the one we reviewed when the last SOL was published in 2013. "Unemployment is lower and employers in various industries are facing di... Read more...
14 June 2019
Explaining the changes, Professor Alan Manning, chair of the committee, said the labour market was "very different" to the one that existed during the last shortage occupations review six years ago."Unemployment is lower... Read more...
29 May 2019
However, pay varies among different sectors, which contributes to an earnings gap between men and women, write Chiara Cavaglia, Sandra McNally and Guglielmo Ventura. ... Read more...
21 May 2019
In this sense, one of the most complete studies to date was carried out by the economists Georg Graetz and Guy Michaels, of Uppsala University and the London School of Economics (in Robots at Work, The Review of Economic... Read more...
20 May 2019
18 May 2019
To try to anticipate the impact of the widespread adoption of artificial intelligence, beyond the anecdotal that the newspaper headlines may be about layoffs caused by automation, it is useful to analyze the real experie... Read more...
"We used to think that unemployment responded to growth in the economy. We used to think I it took about 2 percent growth to make any in roads into unemployment But the recovery since the recession has gone against that ... Read more...
13 May 2019
09 May 2019
A comprehensive study undertaken by the Bertelmann Stiftung and University of Sussex examines the real impact of the EU Single Market on incomes. Economists Giordano Mion (University of Sussex) and Dominic Ponattu (Bert... Read more...
08 May 2019
Young people are now less likely to 'do better' than their parents. Lower wage growth is a key factor, write Jo Blanden, Stephen Machin and Sumaiya Rahman. This blog post is based on 'Falling Absolute Intergeneratio... Read more...
07 May 2019
Workers in the agricultural sector are among the most vulnerable to being paid below the minimum wage and HMRC needs to be more proactive in punishing non-compliant businesses, a leading employment expert has warned. ... Read more...
03 May 2019
01 May 2019
Snippet: ...ionally at the heart of most vocational courses, a major piece of research exclusively shared with Tes shows. The report by Andy Dickerson and Damon Morris, at the Centre for Vocational Education Research (C... Read more...
26 April 2019
In this latest blog post, Andy Dickerson and Damon Morris changes in skill utilisation and returns to skills over time in the UK.... Read more...
A company's performance during and after a recession depends not just on the decisions it makes but also on who makes them. In a 2017 study, Raffaella Sadun (of Harvard Business School), Philippe Aghion (of College de Fr... Read more...
16 April 2019
Doing better financially than your parents is an important marker of success, and for much of the last half century, real earnings growth in the UK was strong enough that most young people achieved this milestone. But ne... Read more...
15 April 2019
Dr. Federico Rossi, Assistant Professor in the Department of Economics at Warwick University and Dr. Marta De Philippis of the Bank of Italy's Department of Economics and Statistics investigated the school performance of... Read more...
Original information: Chiara Criscuolo, Ralf Martin, Henry G. Overman, John Van Reenen. Some Causal Effects of an Industrial Policy. American Economic Review, 2019, 109(1): 48-85. Governments around the world provide la... Read more...
14 April 2019
There is growing concern that human jobs are being replaced by the rapid technological progress of artificial intelligence (AI), robotics, and automation (Acemoglu and Restrepo 2017, Brynjolfsson and McAfee 2014, Ford 20... Read more...
Jo Blanden, co-author of the study, said: 'Research and political debate have focused on relative social mobility - that is, whether those with higher incomes are likely to have children who are also relatively well-off'... Read more...
12 April 2019
Robots are already driving productivity. Investment in robots contributed to 10 percent of GDP growth per capita in Organization for Economic Cooperation and Development (OECD) countries from 1993 to 2016.5 There is also... Read more...
08 April 2019
Robots increase productivity when used for tasks that perform more efficiently and at a higher and more stable level of quality than people. In a research focused on robotics for the Center for Economic Performance at th... Read more...
05 April 2019
In the mid 1990s, a UK employer could advertise an opening for a security guard on an hourly wage of just £2 - with a requirement to bring their own dog. Twenty years on from the introduction of a national mini... Read more...
01 April 2019
Snippet: Creating universities directly impacts the economic growth of the region Snippet: According to a study conducted by researchers at the London School of Economics in England and the Massachusetts Institute of T... Read more...
Secondly, workers are not being displaced by new technology. Business investment has fallen since 2016. There are countless reasons for this, many of them longstanding structural ones. One, which might have become more i... Read more...
29 March 2019
And a review of studies by a Boston College economist Christina Olivetti and British colleague Barbara Petrongolo showed that nearly all developed nations have some form of subsidized early-childhood education. The U.S. ... Read more...
27 March 2019
However, the phenomenon that has promoted the economic viability of new technology around the world has been the reduction of prices. According to Graetz and Michaels [5], the price of industrial robots has been reduced ... Read more...
26 March 2019
The Office for National Statistics (ONS) last week published employment figures for the three months to January which showed that more than 90% of new jobs were full-time. "That doesn't mean they are high-quality jobs," ... Read more...
23 March 2019
Steve Machin, head of the London School of Economics Centre for Economic Performance, says more people of pensionable age are staying in the workforce: "The rise in labour force participation of older people is very stri... Read more...
The report was authored by Giordano Mion, a professor of economy at the University of Sussex, and Dominic Ponattu, a researcher at the Bertelsmann Foundation in Germany.... Read more...
21 March 2019
Jonathan Haskel worried by falling business investment driven by uncertainty.... Read more...
14 March 2019
"It's important to remember that China started with a much more broad-based and educated workforce when it embarked on its economic transition," says Swati Dhingra, from the London School of Economics. "India has seen m... Read more...
13 March 2019
Bank of England policy maker Jonathan Haskel warned that the UK may not see a material pickup in investment growth even if the government secures an exit deal with the European Union this month. Haskel, in his first spe... Read more...
11 March 2019
This new report, undertaken jointly by the Centre for Vocational Education Research and the What Works Centre for Local Economic Growth provides a real life example of how these questions play out in practice by looking ... Read more...
06 March 2019
These conclusions are consistent with not only theoretical models of economics featuring AI in general equilibrium (Aghion, Jones, and Jones 2017) but also with evidence on how the introduction of robots raised labor pro... Read more...
01 March 2019
Research indicates that universal child care might encourage people to have children. Spending on early-childhood programs tends to be related to an increase in fertility and a decrease in the gender wage gap, economists... Read more...
26 February 2019
Graetz, Georg and Guy Michaels (2017): "Robots at Work," Discussion Paper 1335, Centre for Economic Performance, London School of Economics and Political Science. ... Read more...
23 February 2019
"One of the features of these very big firms is that they've got high profits but they have low labor shares," said John Van Reenen, an economics ... [paywall] ... Read more...
A recent paper by economists from the LSE's Centre for Economic Performance suggests the introduction of the National Living Wage in April 2016 had such an impact. The paper examined closely the effects on the social car... Read more...
21 February 2019
But recent research by economists Nikhil Datta, Giulia Giupponi and Stephen Machin suggests that undesired zero-hours contracts may have become more prevalent because of minimum wage hikes. [paywall] ... Read more...
15 February 2019
But recent research by economists Nikhil Datta, Giulia Giupponi and Stephen Machin suggests that undesired zero-hours contracts may have become more ... [paywall] ... Read more...
14 February 2019
The UK government's lead adviser on migration has claimed that the Home Office's net migration target no longer drives policy. Alan Manning, professor of economics at the London School of Economics and chair of the Migra... Read more...
The fall is more pronounced among companies that enjoy high market power, write Brian Bell, Pawel Bukowski and Stephen Machin. ... Read more...
11 February 2019
MGI was putting its finishing touches on the report in early 2016, but held its publication for the Brexit vote in March. "We weren't surprised by the outcome," Manyika told me. "We had been sitting on this research show... Read more...
07 February 2019
The UK needs a new era of policy activism with a 'future of good work' focus, write Christopher Pissarides, Anna Thomas and Josh De Lyon.... Read more...
06 February 2019
These machines are defined by The International Federation of Robotics as "an automatically controlled, reprogrammable, and multipurpose [machine]" (IFR 2014; see also Graetz and Michaels, 2015). ... Read more...
01 February 2019
One little-known study could, however, help shed light on where the problem really lies. According to Professors Bell and Van Reenen of the LSE, the real issue is not that CEO pay has been inflated, but that worker pay h... Read more...
29 January 2019
By Giulia Giupponi and Camille Landais Labour hoarding - the practice of retaining excess employees during a negative shock - could potentially help firms avoid re-hiring and training costs when economic conditions imp... Read more...
25 January 2019
The State of Working Britain blog is edited by Paul Gregg and Jonathan Wadsworth It may well be that we no longer care about estimating the number of immigrants in the UK (though this is doubtful). Government policy (at... Read more...
24 January 2019
A survey by Stephen Machin and Giulia Giupponi, two researchers at the London School of Economics, involved more than 20,000 self-employed, gig economy and zero-hours respondents. On average, workers on zero-hour contrac... Read more...
15 January 2019
A British study estimated the impact of public subsidies in regions in difficulty. If a gain for the job was found but the big companies, first beneficiaries, do not change their behavior, notes the professor of economy ... Read more...
14 January 2019
Autor and Salomons acknowledge that because they used such a general measure of technological change, they couldn't assess the impact of robotics specifically. They do cite work by Georg Graetz and Guy Michaels that did ... Read more...
04 January 2019
19 December 2018
If you are in any doubt about the influence that the person leading a college has on its performance, look no further than a 2017 research paper by Jenifer Ruiz-Valenzuela, Camille Terrier and Clementine Van Effenterre (... Read more...
14 December 2018
Camille Landais, Giulia Giupponi interviewed by Tim Phillips, 07 December 2018 Even though countries all over the developed world implemented short-time work policies during the great recession, we didn't know whether ... Read more...
07 December 2018
The British are destined to stay on the same rungs of the economic or social ladder for successive generations, write Lee Elliot Major and Stephen Machin.... Read more...
28 November 2018
This report draws conclusions globally. For India, we understand there's been a lot of progress on improving allocative efficiencies. For many policy makers the next frontier is some of the capabilities which are interna... Read more...
26 November 2018
John Van Reenen comments on whether executives in many industries are sold on the technical revolution. "There is a big debate on whether robots are really delivering on the productivity benefits they might promise." ... Read more...
09 November 2018
Wellbeing Programme research by CEP Associate Grace Lordan is discussed, looking at the societal and childhood impacts on gendered sorting patterns.... Read more...
07 November 2018
Left-behind places are lending themselves increasingly to the forces of populism and political disintegration, writes Riccardo Crescenzi. A complex flow of investment is spreading across the globe, connecting more a... Read more...
Alan Manning estimates that a minimum wage set at 50% of the median earnings will not result in big job losses. Manning's work had direct impact on the design of the UK National Minimum Wage in 1999, and some initial imp... Read more...
02 November 2018
Research by CEP Economists Nikhil Datta, Giulia Giupponi and Stephen Machin. "A report recently undertaken by three labour market economists has found that 44% of workers on zero-hours contracts would like more workin... Read more...
13 October 2018
We cling on to the hope that education can act as the great social leveller, enabling children from poorer backgrounds to overcome the circumstances they are born into. But in our book Social Mobility and Its Enemies, St... Read more...
28 September 2018
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...
24 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
Of all economic indicators, a high employment rate is most likely to correlate with greater happiness, according to researchers. The London School of Economics consulted 29 academics, of whom 24 agreed that em... Read more...
12 May 2018
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
Several commentators have suggested that a domestic infrastructure bank could fill the void if the UK was unable to access EIB support. The LSE Growth Commission have promoted the creation of such an... Read more...
27 April 2018
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...
Nudge-u-cation: Can behavioural science boost education and social mobility? Pro Bono Economics' Annual Lecture featuring Dr David Halpern, Professor Sandra McNally and Chris Brown. Over the last decade, g... Read more...
11 April 2018
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
There is a very interesting study made by the Economic Research Center of London, directed by George Graetz and Guy Michaels, which shows that between 1993 and 2007 in the United States the number of robots in... Read more...
02 April 2018
"There is no consensus on how robotics will affect the creation or destruction of employment, some studies are optimistic and others are not," Professor Guy Michaels of the London School of Economics... Read more...
01 April 2018
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
Swati Dhingra has been awared a European Research Council Starting Grant for the BIGlobal project, which will examine the sources of firm growth and market power to provide new insights into welfare and policy... Read more...
01 February 2018
Anna Valero, Beverley Skeggs, Connson Locke, Emily Jackson, Shani Orgad, Sonia Livingstone and Susanna Khavul Budget 2017: productivity is the focus, but ‘fixes’ are unlikely to be enough ... Read more...
26 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...
15 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...
05 December 2017
Research from Graetz and Michaels using data from the International Federation of Robotics found that the use of robots within manufacturing raised the annual growth of productivity and GDP by 0.36 and 0.37 pe... Read more...
04 December 2017
The four UK Higher Education Funding Bodies have announced the appointment of the chairs of the 34 sub-panels for the Research Excellence Framework (REF) 2021. ... Read more...
01 December 2017
New job openings attract not only local workers, but also those living relatively near, write Alan Manning and Barbara Petrongolo. Place-based policies that target disadvantaged areas are widespread in b... Read more...
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
24 November 2017
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...
23 November 2017
Parents with young children are ‘substantially’ less productive than their colleagues, due to a lack of sleep As every parent of a newborn knows, sleep is a foreign country, a place that they happi... Read more...
14 November 2017
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
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...
30 October 2017
Recent research has shown that industrial robots in the US have led to heavy losses in terms of jobs and incomes. In this article, we will explore the impact they have had on the labor market in Germany, where... Read more...
22 October 2017
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
Awarded an European Research Council Proof of Concept Grant for the NCore project, which aims to develop a mobile app which facilitates access to mental health services and treatments for young peopl... Read more...
12 October 2017
Shaun Larcom; Ferdinand Rauch; Tim Willems, The Quarterly Journal of Economics, Volume 132, Issue 4, November 2017 DOI: https://doi.org/10.1093/qje/qjx020 ... Read more...
10 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...
03 October 2017
Article by Georg Graetz and Guy Michaels Whilst the U.S. unemployment rate has returned to pre-recession lows, there is concern among policymakers about other developments in the American labour market, not... Read more...
02 October 2017
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 Nicholas Bloom, Charles I. Jones, John Van Reenen and Michael Webb: The rate of productivity growth in advanced economies has been falling. Optimists hope for a fourth industrial revolution, while p... Read more...
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
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
Includes in the roundup: ‘Is Modern Technology Responsible for Jobless Recoveries?’, Georg Graetz and Guy Michaels, American Economic Review, May 2017 Abstract: Since the early 1990s, reco... Read more...
31 May 2017
Nevertheless, manufacturers see cause for optimism. The U.S. economy has added some 41,000 manufacturing jobs since February, and large firms such as GM and Hyundai have announced new investments in U.S. facto... Read more...
18 May 2017
David Blanchflower, a former Bank of England policymaker and a London School of Economics professor, is saying that wages are likely to remain low for several years. He’s particularly critical of how the... Read more...
15 May 2017
Article by Georg Graetz and Guy Michaels. Article originally published at VoxEU, Saturday 13 May Recoveries from recessions in the US used to involve rapid job generation. During the 1970s and 1980s, the fi... Read more...
14 May 2017
Georg Graetz and Guy Michaels, DOI: 10.1257/aer.p20171100 Related publications In brief... Is technology to blame for jobless recoveries? Georg Graetz and Guy Michaels. Article in CentrePiece Volume 2... Read more...
12 May 2017
Article by Joan Costa-i-font and Sara Flèche Sleep is often overlooked in economic models despite its obvious restorative effects on human health alongside its influence on brain plasticity and feeli... Read more...
06 April 2017
Since the early 1990s, the US has been plagued by weak employment growth when emerging from recessions – so called ‘jobless recoveries’. Georg Graetz and Guy Michaels look at multiple recover... Read more...
09 March 2017
The LSE Growth Commission sets out a new blueprint for inclusive and sustainable growth that deals with the challenges facing the UK, old and new. Based on the latest research, analysis and evidence from leadi... Read more...
03 March 2017
“Each business lobby is motivated — the worse you can make it sound at this point, the more likely your sector will get special treatment,” said Thomas Sampson, assistant professor of economi... Read more...
02 March 2017
Why has net migration continued to rise and successive government’s failed to hit their targets? According to the Centre for Economic Performance (CEP), the majority of those who come from the EU, do ... Read more...
23 February 2017
Britain’s tax laws are biased in favour of the self-employed and should be reformed to enable greater investment in people instead of buildings and machines, the LSE Growth Commission has said. This was ... Read more...
When Joan Costa-Font became a father, the health economist noticed a dramatic drop in his productivity. “And I am the man,” he said, acknowledging that the effect was clearly worse on his wife. ... Read more...
17 February 2017
This phenomenon of labor market polarization (or “hollowing out” of middle-skilled jobs) has attracted widespread attention and contributed to the ongoing debate on the impact of technological chan... Read more...
14 February 2017
Children with graduate nursery teachers achieve only slightly more by the end of Reception than children with unqualified teachers Children who have access to a qualified teacher at nursery school do only s... Read more...
13 February 2017
Professor Alan Manning of the London School of Economics, told newspaper Aftenposten in January that the Migration Advisory Committee he ... ... Read more...
02 February 2017
“The idea of trade wars these days, what politicians have in mind is really a 19th-century or early 20th-century conception of trade,” said Gianmarco I.P. Ottaviano, a trade economist at the London... Read more...
31 January 2017
Most experts have assumed the responsibilities of governance would temper Trump's trade posture. Given that nearly one-third of all U.S. trade is conducted with China and Mexico, a rupture risks severe eco... Read more...
Exporters to Angola that hired managers with specific types of experience were more likely to succeed, write Giordano Mion, Luca David Opromolla and Alessandro Sforza. The enormous variation in firm perform... Read more...
26 January 2017
In a new paper called “Is Modern Technology Responsible for Jobless Recoveries?,” economists George Graetz and Guy Michaels looked at 17 different developed countries, from 1970 through 2011. The t... Read more...
23 January 2017
La inestabilidad de los contratos y el desempleo de los padres tienen efectos negativos en el rendimiento educativo de sus hijos. Es una de las principales conclusiones de un estudio elaborado por la investiga... Read more...
In the study’Job Loss at Home: Children’s School Performance during the Great Recession in Spain’, researcher Jenifer Ruiz-Valenzuela, of the Centre for Economic Performance of the London Sch... Read more...
03 December 2016
New arrivals flock to the occupations and industries in which existing immigrants work, argues Barbara Petrongolo. Most economists would argue that there is not much of a trade-off involved in this choice. Th... Read more...
18 October 2016
Following the referendum vote to leave the European Union, the UK faces a trade-off between retaining access to the Single Market and restricting free movement of labour. Barbara Petrongolo considers the likely impact of... Read more...
08 October 2016
[Jeremy] Corbyn too is proposing a solution ''which would reduce numbers'', despite the fact in its 2015 General Election briefing, the Centre for Economic Performance at the London School of Economics observed: ''There ... Read more...
06 October 2016
I am one of those people who, as she anticipated, have a bit of a problem with something Mrs May said about immigration: If you're one of those people who lost their job, who stayed in work but on reduced ... Read more...
05 October 2016
Economists see little to link migration and unemployment There is little evidence that migrants have displaced British workers from jobs. Indeed, the employment rate for UK nationals is now 74.6 per cent, the highest si... Read more...
Article includes nine charts to help provide an answer to 'And what is the real impact of immigrants on the rest of the workforce and the wider economy?' including: Jonathan Wadsworth a researcher at the London School ... Read more...
Article by Jonathan Wadsworth The Home Secretary on the Today programme said that she was happy to talk about immigration in the context of suggesting that there may be a link between immigration and lack of jobs and tr... Read more...
Alzheimer's and other forms of dementia affect huge numbers of people - a third of all over-80s have some form of dementia, estimates the US CDC. This has two key effects. Firstly, Alzheimer's is a major killer in its o... Read more...
23 September 2016
Working mothers in low-skilled jobs are being forced to either considerably reduce their hours or give up work altogether after having a second child, according to a wide-ranging study that suggests lack of access to chi... Read more...
08 August 2016
Big data shows you can save up to $11 per shopping trip, argue Fabio Pinna and Stephan Seiler Most of us are familiar with the experience of scouring supermarket shelves to find the items we want at the right price - b... Read more...
01 July 2016
Less than a week after Briton's voted to exit the EU, the worlds second largest telecom company [Vodafone] has announced it is considering moving its headquarters from London to mainland Europe. Vodafone's warning could... Read more...
29 June 2016
The IMF, the Bank of England, the Treasury, the OECD, the London School of Economics and many more are... (no link available) This article was published by the Western Daily Press on June 20, 2016 [No link available] ... Read more...
20 June 2016
Myth: EU immigrants are taking Brits' jobs InFact: Researchers at Oxford, the LSE and NIESR agree; immigration doesn't affect British employment. Meanwhile, Brexit would hit jobs. Intuitively, if immigrants are takin... Read more...
01 June 2016
Em uma entrevista ao jornal Financial Times, o professor Alan Manning, da London School of Economics, diz que em sua visao sobre a historia dos salarios minimos, ele sempre se surpreendeu com como e possivel aumenta-lo s... Read more...
16 May 2016
Amy Mollett, Social Media Manager, rounds up how LSE currently uses Twitter for sharing research, interacting with students and alumni, and promoting events. She also looks at what the future of academic social media mig... Read more...
24 March 2016
Weekly recommendations include: On the LSE Business Review blog, work by Nguyen and Van Reenen using an RDD to show that tax credits increased R&D spending and innovation among SMEs in the UK. The item was published by... Read more...
18 March 2016
Scholars who have read the paper say it makes a valuable contribution to the field. The model ''is stylized but rich enough, I think, to capture some of the main features of the sector,'' explains John Van Reenan, an eco... Read more...
15 March 2016
John Van Reenen discusses a decade of weak wage growth worldwide and its consequences This interview was broadcast by BBC World News on March 8, 2016 Link to interview here Also on WUWM-FM , WUNC-FM, WBFO-FM, NPR/Na... Read more...
08 March 2016
Latest State of Working Britain blog by Jonathan Wadsworth The central message is that it would be wrong to conclude from analysis of the net change in employment that migrants take all new jobs. Rather the net change i... Read more...
09 February 2016
Article by Jonathan Wadsworth Some commentators have suggested that the latest upswing has been characterised by a greater share of low skilled jobs in the recovery compared to previous upturns. If so then we can all bl... Read more...
02 February 2016
Guy Michaels discusses his study of the economic impact of floods and likelihood of people moving from flooding areas. The interview was broadcast by BBC Radio 5 Live on January 5, 2016 Link to interview here (43 mins... Read more...
05 January 2016
The World Bank Group launched the Competitive Cities report [1] on December 10 - ''Competitive Cities for Jobs and Growth: What, Who and How,'' which represents almost two years of research and analysis to put together a... Read more...
18 December 2015
Georg Graetz and Guy Michaels (2014) teachers at the University of Uppsala (Sweden) and the LSE, have written a study called 'Robots at Work' that has examined the effects of the use of robots in 14 manufacturing sectors... Read more...
14 December 2015
We said in reporting official Labour Market Statistics that ''Three in four new jobs go to migrants from EU countries'' (News, Nov 12). This was wrong. The Office for National Statistics has stated that its estimates of ... Read more...
10 December 2015
Earlier this year in a blog entitled ''Robots are infiltrating the growth statistics,'' the Brookings Institution commented on jointly conducted new research from Uppsala University and the London School of Economics, wh... Read more...
09 December 2015
Now, robots in the past have never been job-killers. First investigations of scientists Georg Graetz and Guy Michaels on the effects of robots show an increase in labour productivity, added value and wages, but also a re... Read more...
01 December 2015
Anna Valero suggests ways to deal with deficits in skills, infrastructure and innovation. This article was published online by the LSE Business Review blog on 23 November, 2015 Link to article here Related publicati... Read more...
23 November 2015
A third FE research centre has launched just a year after Professor Lady Alison Wolf decried how the sector was ''woefully short of good, up-to-date research''. ... The work of the new centre, said Mr Grainger, would co... Read more...
05 October 2015
We already have two sets of pioneering work being undertaken in the UK to address this very problem. One is the JPMorgan Foundation funded work at the Institute of Public Policy Research working with US business Burning ... Read more...
30 September 2015
Consider a paper presented at the Summer Session of the National Bureau of Economic Research by Raj Chetty, Bloomberg Professor of Economics at Harvard University, ''Innovation Policy and the Lifecycle of Inventors.'' (T... Read more...
10 August 2015
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
''Our ambition is to bring together the creativity and energy of Shoreditch and the incredible possibilities of the Olympic Park to help make east London one of the world's great technology centres,'' Mr Cameron said in ... Read more...
05 May 2015
As far as the government is concerned, London's Tech City is a success. But what effect has it had on employment in the area - and what are the downsides? The LSE's Dr Max Nathan is trying to find out what has worked a... Read more...
21 April 2015
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
Alex Bryson, John Forth and Richard Freeman present research into the benefits of all-employee stock purchase plans. They find that employees who joined the plan were more committed to the firm, more satisfied with their... Read more...
12 February 2015
Why have the number of startups increased? The economic downturn has led to the rise in the number of startups over recent years, says John Van Reenen, director at the Centre for Economic Performance and professor of ... Read more...
19 January 2015
Professor John Van Reenen, Department of Economics and Centre for Economic Performance, has been awarded the European Investment Bank Institute's 2014 'Outstanding Contribution Award'. The accolade, jointly awarded to Pr... Read more...
28 July 2014
In the UK, the Economic and Social Research Council does fund management and business research (such as the Centre for Economic Performance at the London School of Economics). In 2013-14, it funded two projects in this a... Read more...
24 July 2014
The upshot of this is that the price of labour (wages) has fallen and the price of capital has increased, so firms have had incentives to substitute cheaper workers for more expensive machinery and buildings. And while t... Read more...
30 June 2014
Article by Joao Paulo Pessoa and John Van Reenen The fall in productivity in the UK following the Great Recession was particularly bad, whereas the hit to jobs was less severe. This column discusses recent research expl... Read more...
28 June 2014
Progress means putting the old out of business. Mention of LSE researchers in 1993 who ran the world's first conference on a new topic - an economic explanation for happiness. This article was published by the Time... Read more...
26 June 2014
Mention of LSE's research on dementia. The research was mentioned on BBC Radio 4 News on June 19, 2014 Related Links Martin Knapp webpage Wellbeing webpage ... Read more...
19 June 2014
"We owe it to the 44 million people living with dementia across the world to find new treatments for this cruel condition. But with the latest research from the London School of Economics now showing that a treatmen... Read more...
In 2013, Nicholas Bloom and his colleagues published a study they ran with Ctrip, a Chinese travel agency. Bloom et al conducted a randomised controlled trial with employees from the company's call centres. One group of ... Read more...
06 June 2014
Now we have science saying it: management consultants add value. A formal study, sponsored by the World Bank and using a control group of factories as well as a treatment group, quantified the results. First year economi... Read more...
27 January 2013
The UK's rate of unemployment has just hit 8 per cent and the number of people unemployed has risen to 2.5 million. According to researchers at the Centre for Economic Performance (CEP), while these figures are bad, th... Read more...
21 April 2010