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Alan Manning considers the possible outcomes of a drop in immigration and population growth on productivity, economic growth and the labour market. ... Read more...
21 January 2021
A survey by Jack Blundell, Stephen Machin and Maria Ventura finds one in five self-employed workers plan to switch to other forms of employment because of Covid-19. ... Read more...
10 November 2020
Survey findings from Jack Blundell, Stephen Machin and Maria Ventura finds the trend of more people working for themselves under threat during the Covid-19 pandemic. A fifth of the self-employed... Read more...
By Maria Molina-Domene Why do small establishments pay employees less than large establishments? The final pieces of this puzzle have not been found yet. This paper suggests the joint role of the division o... Read more...
27 July 2018
There is a “lack of self-awareness among lots of firms,” says John Van Reenen, professor of economics at the Massachusetts Institute of Technology. “Some think they are awesome. But they are ... Read more...
15 July 2018
Silicon Valley and the City of London should give up some of their massive gains from globalization to ensure workers in cities like Detroit and Hull do not continue to fall behind. But… “Addressi... Read more...
29 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
Economic publications show that these effects would have a strong impact on the level of macroeconomic equilibrium and consequently on that of structural unemployment. A recent article by Luis Garicano, Claire... Read more...
04 May 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
The share of start-ups in employment in the United States has been declining since 1980. This is in line with that of David Autor and his coauthors on the rise of superstars, David Autor, David Dorn, Lawrence ... Read more...
24 February 2018
Gianmarco Ottaviano of the London School of Economics and Giovanni Peri of UC, Davis, looking at U.S. labor markets, estimate that between 1990 and 2006 new immigrants reduced wages of previous immigrants by a... Read more...
30 January 2018
Fortunately, in an age when data is king, there are increasing amounts of facts and figures to illustrate the problem. A paper published earlier this year by the Massachusetts Institute of Technology'... Read more...
27 December 2017
Sie hat zur Folge, dass der Anteil der Arbeitseinkommen am Gesamtprodukt schrumpft und die Ungleichheit zunimmt. Die Grafik unten zeigt für ausgewählte Länder, wie der Anteil der Arbeitseinkomme... Read more...
30 October 2017
The standard metric of monopoly power is the concentration ratio, or the share of the market accruing to the top four (or 20) firms. In a 2017 paper, MIT’s David Autor, Christina Patterson, and John Van ... Read more...
26 October 2017
But why is IT leading to winner-take-all competition? Bessen’s paper can’t answer that, however he raises two possibilities. It could be because “software development typically requires large... Read more...
05 October 2017
"There have always been, but the increase in numbers seems to have started about 30 years ago," says MIT researcher John Michael Van Reenen, one of the proponents of this theory and co-author of the ... Read more...
29 September 2017
Recently, a lot of attention has focused on the idea that monopoly power might be causing the shift. But the famous paper that draws this connection — by David Autor, David Dorn, Lawrence Katz, Christina... Read more...
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 ... Read more...
20 September 2017
Back in April, I wrote about one of the most troubling mysteries in economics, the falling labor share. Less of the income the economy produces is going to people who work, and more is going to people who own ... Read more...
In a well-functioning economy, workers are rewarded for their productivity. As output, jobs and hours worked rise, so does income. Over the past two years, that seems to be exactly what’s happening. T... Read more...
18 September 2017
17 September 2017
In a well-functioning economy, workers are rewarded for their productivity. As output, jobs and hours worked rise, so does income. Over the past two years, that seems to be exactly what’s happening. The ... Read more...
15 September 2017
Recent research published by the London School of Economics also found that teaching phonics led to greater improvements in reading among disadvantaged children compared with students taught using other system... Read more...
09 September 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
New research suggests that too little competition deters investment Concentration may also hurt workers. Recent research by David Autor of MIT and four co-authors finds that “superstar” firms pa... Read more...
31 July 2017
The digital economy is exacerbating the capital-labour disparity in global markets. A new competition authority with global remit is needed to reset the balance And, as the economists David Autor, David Dor... Read more...
20 July 2017
Article by Giuseppe Berlingieri, Patrick Blanchenay and Chiara Criscuolo The corporate landscape has become increasingly unequal, with the most productive firms thriving and the least productive ones failin... Read more...
13 July 2017
Article by John Van Reenen with Christina Patterson Perhaps the cause is the "robbery-Apocalypse Now," that companies are replacing expensive people with cheaper machines. We suggest another... Read more...
26 June 2017
What explains this persistence? The results of our recent work suggest some considerations. The evolution of economic activity throughout the country has systematically favoured at the expense of other area... Read more...
23 June 2017
In a recent working paper presented by MIT, John Van Reenen and his co-authors document a clear global trend towards the fall in the share of income from Labour in total income. ... Read more...
A new paper – by David Dorn of the University of Zurich, Lawrence Katz of Harvard University, and David Autor, Christina Patterson, and John Van Reenen of the Massachusetts Institute of Technology &ndash... Read more...
06 June 2017
Article by Philippe Aghion What Macron likes about the Scandinavian model is that it combines a high degree of flexibility in the labor market with the encouragement of innovation and with high levels of so... Read more...
28 May 2017
As the economists David Autor, David Dorn, Lawrence F. Katz, Christina Patterson, and John Van Reenen show, the US industries with the fastest-growing market concentration have also seen the largest drop in la... Read more...
24 May 2017
Today’s superstar companies owe their privileged position to digital technology’s network effects, whereby a product becomes even more desirable as more people use it. And although software plat... Read more...
22 May 2017
Article by John Van Reenen and Christina Patterson In most countries, labor’s share of the national income has declined for about three decades. Why? Maybe the cause is “Robocalypse Now”&m... Read more...
21 May 2017
As the economists David Autor, David Dorn, Lawrence F. Katz, Christina Patterson and John Van Reenen show, the US industries with the fastest-growing market concentration have also seen the largest drop in lab... Read more...
18 May 2017
New research shows that the rise of ever-larger firms means that workers are getting a shrinking slice of a slower-growing economic pie. Increasingly, labor accounts for less and less of GDP in most co... Read more...
11 May 2017
Article by John Van Reenen and Christina Patterson In America, labor’s share has been on the decline for about three decades, and it has accelerated since the turn of the century. The fall has al... Read more...
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
From manufacturing to retailing, giant companies have managed to gobble up a larger and larger share of the market. While such concentration has resulted in enormous profits for investors and owners of behemot... Read more...
08 March 2017
Whenever share prices fall significantly investors should ask: is this because future dividends will be lower, or is it because risk aversion has increased? ... So, which of these explanations applies to the post-Brexi... Read more...
24 June 2016
''The pro-Brexit argument that Britain will be free of lots of regulations, that there will be a bonfire of red tape that will cause us to grow rapidly and we'll strike lots of new trade deals as this buccaneering new En... Read more...
20 May 2016
Investors who strongly favour green energy make less thorough location searches, writes Yatang Lin Wind power is becoming an increasingly important part of the US energy mix, taking up more than four per cent of the tot... Read more...
19 April 2016
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