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With great sadness we have learnt that our good friend and colleague David Metcalf has passed away. Together with Richard Layard and Stephen Nickell, David set up the Centre for Labour Economics, which became the Centre ... Read more...
09 February 2026
Congratulations to Anna Valero, distinguished policy fellow at LSE and director of CEP's growth programme, who has been appointed as industrial strategy adviser to the chancellor. Dr Valero, a growth and productivity ex... Read more...
23 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
Richard Davies writes for The Observer about usefulness, and perils, of bond markets. ... Read more...
13 July 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
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
John Van Reenen has spent his professional lifetime probing the weak spots of the UK economy. Now he is based in an office next to Reeves's at the Treasury, with his three fellow advisers. One Labour source says they str... Read more...
17 January 2025
Congratulations to Almudena Sevilla, professor of economics and public policy in LSE’s Department of Social Policy, and associate of the Centre for Economic Performance who has been recognised in the New Year's Hon... Read more...
06 January 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
Daniel Chandler discusses how the Labour party can develop a "good jobs" policy where work would provide dignity and respect for everyone, and be a key source of people’s meaning and wellbeing. ... Read more...
19 February 2024
As the unofficial "Father of Hybrid Work", Stanford's Nick Bloom has spent years studying how we work and how we will work. He'll present new research and share his thoughts on what companies should be preparing for, a... Read more...
13 November 2022
The pace of change in the UK jobs market has slowed to its lowest level in decades and, even the disruption of the pandemic, has been a far cry from the upheaval of the 1980s, according to research by the Resolution Foun... Read more...
06 January 2022
Moving to a new employer offers a greater salary increase than staying put - and workers who resign to take up work in booming sectors stand to gain even more, according to research from the Resolution Foundation think t... Read more...
About half of all firms are struggling to recruit new workers and business confidence is dipping, according to new research from the CEP. Researchers also found that one in five are having issues retaining exi... Read more...
15 December 2021
Joint research from the Centre for Economic Performance and the Resolution Foundation suggests that financial officers expect the amount of workers moving from shrinking to growing companies will spe... Read more...
20 November 2021
Congratulations to Josh De Lyon who has won a Trade and Investment in Services Associates (TIISA) Young Scholar Award for his paper The Labour Market Effects of Services Importing: Evidence from the United Kin... Read more...
20 October 2021
Paul Cheshire speaks on some of the wider problems of the UK housing market. ... Read more...
01 October 2021
Amid criticism of a government-commissioned race report for downplaying the extent of problems in the labour market, Alan Manning explains there's no evidence for pay gaps being smaller than they we... Read more...
18 April 2021
House prices could fall when the stamp duty holiday comes to a close. London is particularly vulnerable because the price of houses rose particularly sharply over 2020, while the population of the capital... Read more...
30 March 2021
LSE study says there has been little exodus to rural areas in past year but buyers have sought space, with detached houses close to the centre of London seeing the biggest price increases over the past year. ... Read more...
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
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
New research by Jack Blundell, Steven Machin and Maria Ventura finds a fifth of the self-employed workforce expect to leave self-employment as a result of the Covid-19 crisis; and the proportion is h... Read more...
23 November 2020
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...
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
Shania Bhalotia, Swati Dhingra and Fjolla Kondirolli examine the impact of lockdown imposed in late March on more than 8,500 urban workers, finding 52% went without work or pay during lockdown, while less than... Read more...
06 September 2020
India has been struggling with an unemployment problem and the coronavirus pandemic. New research by Shania Bhalotia, Swati Dhingra and Fjolla Kondirolli, finds Federal and state governments recogniz... Read more...
01 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
'Realistic' unemployment rate is 15 per cent, and disadvantaged groups are much more likely to be affected, finds new research by Brian Bell, Mihai Codreanu and Stephen Machin. ... Read more...
17 August 2020
Paul Cheshire, associate of the CEP, talks about how planning rules shape London and why big-name trophy architects are used so often, in this piece about the future of skyscrapers. ... Read more...
30 July 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
The assumption has been that remote workers slack without direct supervision. But do they? Economist Nick Bloom staged a trial – the first of its kind – involving 250 members of a Ctrip call cen... Read more...
14 July 2020
Social care companies are starting to tap into the growing pool of potential employees who have lost jobs in the Covid-19 crisis. Alan Manning, former Chair of the Government's Migration Advisory ... Read more...
Congratulations to Dr Felix Koenig on winning the 2020 Young Labour Economist Prize from the European Association of Labour Economists (EALE). The prize was awarded for his CEP discussion paper: Technical C... Read more...
30 June 2020
The self-employed are being hit particularly hard by the Covid-19 crisis. Many have been offered a lifeline through the government’s Self-Employment Income Support Scheme – but does it go far enoug... Read more...
04 June 2020
Professor Barbara Petrongolo talks to the Independent about her research into how women are more likely to deal with homeschooling, childcare and chores around the house, even if they are working. ... Read more...
01 June 2020
The survey, published by the LSE’s Centre for Economic Performance (CEP), finds that the self-employed have been hit particularly hard by the Covid-19 crisis, with around three out of every four responde... Read more...
22 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
Report on research by Dr Claudia Hupkau and Barbara Petrongolo which suggests the coronavirus outbreak is widening the gender gap in the workplace and at home. ... Read more...
14 May 2020
Real-time survey data shows that 50% of companies had a lower volume of business in April, and the situation is expected to get worse over the next three months, write Swati Dhingra and Josh De Lyon. ... Read more...
07 May 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
The Covid-19 lockdown implemented in India is estimated to have tripled the urban unemployment rate. Most low-income urban workers will fall through the cracks of the provisions being put in place to supp... Read more...
02 May 2020
This column combines survey data from the UK with occupation classifications to show that that – unlike previous recessions – the current crisis is harming women’s labour market prospects mor... Read more...
22 April 2020
Lee Elliot Major and Stephen Machin propose reforms and urgent actions to tackle economic and educational inequalities in the UK. ... Read more...
21 April 2020
The coronavirus has not yet exploded in the developing world, but poor countries are already suffering from the pandemic. Their economies have been battered by lockdowns, falling commodity prices, declining re... Read more...
20 April 2020
Jenifer Ruiz-Valenzuela, CEP research economist, writes about how job insecurity during the Covid-19 crisis will dramatically affect education outcomes for the families involved. ... Read more...
17 April 2020
Research on childcare and gender norms in Sweden, shows that policy changes had a bigger effect if they were in line with people's norms than if they worked against them. Published 2019. ... Read more...
This research finds that workers in atypical employment, such as gig economy workers, are willing to give up approximately 50% of their hourly wage for a permanent contract and around 35% of their hourly wage ... Read more...
This paper uses evidence of increased productivity among two samples of call centre staff working from home to highlight the potential in new management methods. Published 2013. ... Read more...
Jack Blundell identifies groups among self-employed workers, to aid in finding methods to support and protect workers through public policy. ... Read more...
Brian Bell, Nick Bloom, Jack Blundell, and Luigi Pistaferri estimate how the ongoing pandemic may impact earnings by age group, gender, and firm size. The data suggests that young men ... Read more...
08 April 2020
The spread of COVID-19 has already had a large negative impact on labour supply and earnings of workers in many countries. In this column, the authors leverage newly collected data from the US and the UK to sh... Read more...
The U.K. has record-high employment and the lowest jobless rate since the 1970s. But the labor market - and many workers - are more vulnerable to the economic fallout from the coronavirus than those headline n... Read more...
06 April 2020
Short-time work is a subsidy for temporary reductions in the number of hours worked in firms affected by temporary shocks. Evidence suggests that it can have large positive effects on employment and ... Read more...
01 April 2020
Professor Stephen Machin, director of CEP, and Henry Overman, research director of CEP, contribute to an investigation into the differences in wages and opportunities across the country and why some towns and ... Read more...
09 March 2020
Robots and other new technologies change the mix of tasks and jobs, but they do not decrease the overall demand for labor. Automation can replace existing tasks, especially jobs involving routine manual labor,... Read more...
03 March 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
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
Congratulations to Benjamin Moll and Xavier Jaravel, who are both winners of this year's Philip Leverhulme Prizes.... Read more...
17 October 2019
The Office for National Statistics (ONS) releases its Pink and Blue Books on the balance of payments at the end of October (interestingly the date is later than usual and coincides with the current Brexit departure date)... Read more...
04 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
In a context made even more complicated by the situation in Ireland, the economists of the Center for Economic Performance of the LSE underline that the Brexiters also neglect the economic benefits of integration in the ... Read more...
25 September 2019
Lisa Cook, Michigan State University Economics Professor references Opportunity Insights' Who Becomes an Inventor in America? The Importance of Exposure to Innovation by Alex Bell, Raj Chetty, Xavier Jaravel, Neviana Pet... Read more...
24 September 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
Another, Swati Dhingra, lecturer in economics at the London School of Economics, said that since the EU referendum, "the number of foreign investments and expansions… are showing disconcerting reductions."... Read more...
Prof Stephen Machin, at the London School of Economics, says on the decline in membership: "It is not because of getting rid of unions where they are already in place, it is actually the failure to organise new workplace... Read more...
22 September 2019
Prof Stephen Machin at the London School of Economics says on the decline in membership: "It is not because of getting rid of unions where they are already in place, it is actually the failure to organise new workplaces.... Read more...
21 September 2019
Richard Davis talks about his new book, Extreme Economies. ... Read more...
19 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...
To find the world's most extreme economies you generally have to travel far from the beaten track. There is one exception to this rule, a city closer to home that was described best by Sean Connery in The Bowler and the ... Read more...
14 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
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
More structured managerial practices have a strong relationship with firm productivity, writes Daniela Scur. ... Read more...
Just 41 percent of all 30-year-olds earned more in 2017 than their parents did when they were the same age. Two decades earlier, the proportion had been two-thirds higher: in 1995, 69 percent of the age group were better... Read more...
02 September 2019
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30 August 2019
Facilitating trade in services, particularly knowledge-intensive ones, requires strong global cities as trade hubs, write Saul Estrin and Daniel Shapiro.... Read more...
25 July 2019
Coverage of LSE's #EvidencePod at Evidence Week in Parliament.... Read more...
28 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
Dr Anna Valero, innovation fellow at the London School of Economics, said the results of the funding would inform local and national governments to improve access to technology.... Read more...
06 May 2019
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
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...
01 April 2019
Meanwhile, a very interesting new paper by economists Philippe Aghion, Antonin Bergeaud, Gilbert Cette, Remy Lecat and Helene Maghin looks at the relationship between credit constraints and productivity at the level of i... Read more...
25 March 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
"Lessons from this RCT will provide valuable insight into the most (a) effective and (b) cost-effective means of driving adoption of AI; whether education and convening is sufficient to drive adoption or whether a degree... Read more...
29 January 2019
The first is a strategy of reversal. This consists of interventions that aim to offset or compensate for the technological and market dynamics that cause cost disadvantages for value creation in left-behind places - plac... Read more...
21 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
Alongside the new labour market rights, the government is also set to create a new single labour market enforcement body following a review by David Metcalf, the UK's first director of labour market enforcement, who re... Read more...
17 December 2018
Recent political developments in the US and Europe have led to renewed interest in the large and persistent regional disparities which plague our societies. These disparities have been partly driven by a secular decline ... Read more...
11 December 2018
As the UK has sought to redefine its relationship with the EU and the rest of the world, a renewed focus on sustainable growth becomes more urgent, write James Rydge, Ralf Martin and Anna Valero.... Read more...
03 December 2018
"We see a lost generation," said Swati Dhingra, an economist at the London School of Economics. "There was already wage stagnation and productivity stagnation. The trade war has exacerbated all of that."... Read more...
01 December 2018
Evidence on how the positive economic effects of universities on individuals and the economy can be maximised - by Ghazala Azmat, Richard Murphy, Anna Valero and Gill Wyness.... Read more...
21 November 2018
Evidence-based principles for local policymakers seeking to design an effective industrial strategy - by Henry Overman and Naomi Clayton. ... Read more...
15 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...
07 November 2018
The OECD estimated before the referendum that a WTO Brexit could cost the UK up to 5.1 percent of GDP over 15 years. A study by the London School of Economics estimated a 9.5 per cent hit. ... Read more...
20 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
Silicon Valley and the City of London should give up some of their massive gains from globalization to ensure workers in cities like Detroit and Hull do not continue to fall behind. But… &ldqu... Read more...
Last year, the government appointed Sir David Metcalf to a newly created post: director of labour market enforcement. He published his first strategy last week, devoting a page to Leicester’s garment sec... Read more...
17 May 2018
Sir David Metcalf was appointed in January 2017 to provide oversight and set strategic priorities for the government's three labour market enforcement agencies: the national minimum wage (NMW) enforcement ... Read more...
15 May 2018
In 2015, a study by Guy Michaels and George Graetz (https://voxeu.org/article/robots-productivity-and-jobs) looked at the impact of robots in manufacturing, agriculture and utilities across 17 countries. They ... Read more...
14 May 2018
Health economists Zack Cooper, Stuart V. Craig, Martin Gaynor, and John Van Reenen recently released an updated version of an older paper analyzing variations in health-care pricing for privately ins... Read more...
10 May 2018
On a related note, health economists Zack Cooper, Stuart V. Craig, Martin Gaynor, and John Van Reenen recently released an updated version of an older paper analyzing variations in health-care pricin... Read more...
Companies whose suppliers fail to pay the minimum wage or curb holiday pay could be named and shamed under a new regime proposed by the government’s workers’ rights tsar. In his first annual full s... Read more...
09 May 2018
We’ve known for decades now that there is widespread variation in what different hospitals charge for the same medical procedures. Study after study confirms this finding (one of my favorite studies show... Read more...
Firms which exploit staff could face higher financial penalties and increased risk of prosecution under recommendations to the government. A report by a government-backed body has made 37 recommendations in... Read more...
08 May 2018
A conference at Cambridge Judge marked the 25th anniversary of the European Union’s single market, in advance of a special issue of the Review of Industrial Organisation journal. There has been much prog... Read more...
03 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
Professor Alan Manning (CEP/LSE) gave evidence to the Home Affairs Parliamentary Committee regarding the post-Brexit migration policy. ... Read more...
18 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...
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
British businesses want unrestricted access to European workers to continue after Brexit, describing them as better qualified and more motivated than their UK counterparts. The findings came in an interim repo... Read more...
27 March 2018
Opinion – Letters to the Editor: Alastair Hamilton must acknowledge Brexit realities Writing in the Huffington Post Invest NI chief executive Alastair Hamilton has described the concern that Brexit... Read more...
07 March 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
"Migrants are more likely, on average, to be self-employed and to start up companies." Max Nathan of CEP's Urban Programme interviewed for the documentary made by Wired in partnership with the Mu... Read more...
31 January 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
…nearly six years. The Centre for Economic Performance says that the vote has cost the … ... Read more...
25 January 2018
With the UK due to leave the EU at 11pm on 29 March 2019, countries on both sides of the channel are figuring out what Brexit will mean for their economies. We speak to Panmure Gordon’s David B... Read more...
19 January 2018
Swati Dhingra and John Morrow discuss Efficiency in Large markets with Firm Heterogeneity. ABSTRACT: Empirical work has drawn attention to the high degree of productivity differences within industries, an... Read more...
18 January 2018
LSE Growth Commission work was mentioned by Viscount Chandos in a House of Lords debate on Industrial Strategy on evening of 8 January 2018: In a debate on Industrial Strategy in the House of Lords Viscount... Read more...
08 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
Article by Alan Manning. It has been more than eight years since many of the United States’ cashiers, dishwashers, janitors, lifeguards, baggage handlers, baristas, manicurists, retail employees, h... Read more...
12 December 2017
Estimates of the full cost of Brexit — ranging from one to ten percent of the UK per capita income — depend on how the UK leaves. In a new paper in the fall issue of the Journal of Economic Perspec... Read more...
11 December 2017
The paper published at the London School of Economics is the result of an international collaboration between Hilary Steedman (former member of BIBB's scientific advisory board) and researchers f... Read more...
07 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...
01 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
An excellent study published last month by a research group at the London School of Economics looks at the differences in economic activity in varying parts of the UK. The finding are intriguing and sometimes ... Read more...
Tory whip writes to every vice-chancellor to ask for syllabus and any online material Academics are accusing a Tory MP and government whip of “McCarthyite” behaviour, after he wrote to all unive... Read more...
24 October 2017
Article by John Van Reenen. When people discuss what drives long-run productivity, they usually focus on technical change. But productivity is about more than robots, new drugs and self-driving vehicles.... Read more...
18 October 2017
Article by John Van Reenen: ... “An argument that was made in favor of Brexit was that by restricting Europeans coming into Britain, it would create an economic boon,” said MIT Sloan professo... Read more...
A major impediment to clarity has been the weight of advice from what Michael Gove calls ‘organisations with acronyms’ suggesting that a ‘no deal’ on trade will greatly damage the... Read more...
13 October 2017
Did you know that funding is available to support knowledge exchange activities at any point throughout the research life-cycle? The KEI Fund is designed to support a variety of innovative research engageme... Read more...
12 October 2017
The South-East is not the country’s productivity engine, rather a band stretching west from the capital towards Bristol is, according to a new LSE report which challenges prevailing wisdom on the uneven ... Read more...
Another summary is offered in the introduction to this report Bucking the Trend (Jo Blanden, 2006) "A prime motivation behind the Government’s child poverty reduction strategy is the belief that gro... Read more...
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
Financial services aren’t as London-centric as the creative industries, and the coast-inland divide is growing, write Sandra Bernick, Richard Davies, and Anna Valero. The UK’s financial services... Read more...
02 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
Exclusive: Krugman rejects the assertions of Brexiteers that leaving the single market and customs union will ultimately help the UK export more to the rest of the world. A study by economi... Read more...
27 September 2017
Article by Swati Dhingra and Josh De Lyon. On trade, the PM reiterated that the UK would be outside the Single Market and the Customs Union after Brexit. The UK would not pursue off-the-shelf arrangements, lik... Read more...
Article by Sandra Bernick, Richard Davies and Anna Valero: The UK’s financial services industry is not nearly as London-centric as the creative industries. Rather than the South East of England being the... Read more...
25 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...
Theresa May stepped in to lead the discussion on what the UK hopes to achieve from its Brexit negotiations with the EU. Swati Dhingra and Josh De Lyon (CEP, LSE) argue that her Fl... Read more...
NFU Scotland warns that this will only "get worse year on year" for Scotland's soft fruit and vegetable sectors. The pre and post Brexit employment needs of Scotland’s fast-growing horticul... Read more...
22 September 2017
The M4 corridor is more productive for the British economy than the southeast, report finds A study into the industrial breakdown of the country by the Centre for Economic Performance (CEP) at the London Sc... Read more...
Professor of Finance and Economics, Kevin Dowd (Durham University), Professor David Paton (Nottingham University) and Professor David Blake (University of London) discuss how the UK can benefit from a free tra... Read more...
20 September 2017
There's an opportunity to build a new system based on transparency, independence and a long-term outlook, write Anna Valero and Richard Davies Every government has an industrial strategy however it is a... Read more...
19 September 2017
Article by Philippe Aghion and Benedicte Berner The French government has just announced the guidelines for a new labour code, its first major reform to boost France’s economy by giving more flexibili... Read more...
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
The great majority of the economic forecasts have concluded that Brexit will damage the UK economy. In the case of ‘no deal’ between the UK and the EU, the majority view is that the loss of GDP cou... Read more...
08 September 2017
The LSE quartet – professors Thomas Sampson, Swati Dhingra, Gianmarco Ottaviano and John Van Reenen – do concede that there is, potentially, a very minor boost to going it alone. Their own model... Read more...
21 August 2017
Article by Max Nathan: ...Our latest case study summarises Innovate UK's programmes of support for microbusinesses and SMEs: mainly grants but also loans, awarded on a competitive basis, either to in... Read more...
17 August 2017
There is new evidence that raising the minimum wage pushes business owners to replace low-skilled workers with automation. And it shows that old, young, female and black low-skilled workers face the highest ... Read more...
The Center for Economic Performance estimated that in the case of such a scenario over the decade, trade would have fallen by 40 percent and average income by 2.6 percent. ... Read more...
14 August 2017
A London School of Economics report in June showed that Britain was one of just three out of 28 countries that saw wages fall in real terms between 2007 and 2015. The only country where wages fell more... Read more...
09 August 2017
A new study forthcoming in the journal Economic Policy, based on a trove of data from 33 OECD countries over a 12-year period (2002-2014), finds that prices paid by consumers are higher in more concentrated ma... Read more...
08 August 2017
Private sector workers too have seen a significant drop in real term wages in recent years, with an LSE study estimating an effective 10% decrease since the financial crisis to 2015. ... Read more...
07 August 2017
The UK’s Home Secretary Amber Rudd has commissioned a report on the impact Brexit will have on the UK labour market. A key sector for enquiry will be higher education, where 17% of academic staff are EU ... Read more...
01 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 historical growth in the service sector has created jobs for which women have a natural comparative advantage, write Rachel Ngai and Barbara Petrongolo ..There has been a vast amount of research on the ... Read more...
28 July 2017
To the outsider (that is, the consumer), the property market is issuing mixed messages. In fact these are simply differences of opinion. Take, for instance, Professor Paul Cheshire at the London School of E... Read more...
The consequences of the UK failing to reach a deal with the EU will be “widespread, damaging and pervasive”, according to a new report featuring LSE experts. Related publications ‘The C... Read more...
21 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
The consequences of the UK failing to reach a deal with the EU will be “widespread, damaging and pervasive”, according to a new report featuring LSE experts. ... Read more...
Brexiteers rejected the Treasury’s projections for the cost of Brexit last year as “project fear”. But the Centre for Economic Performance at the London School of Economics has remodelled the... Read more...
Professor Paul Cheshire, who has advised the Government on housing policy, said: 'We are due a significant correction in house prices. I think we are beginning to see signs that correction may be star... Read more...
09 July 2017
Newspaper headlines this week have been shouting about a crash in the housing market. Massive collapse! Property prices could plunge! We hear from the man quoted in many of those stories, Professor Paul Cheshi... Read more...
08 July 2017
A study by Zack Cooper, Martin Gaynor and John Van Reenen — economists at Yale, Carnegie Mellon University, and the London School of Economics, respectively — concludes that lack of competition and... Read more...
02 July 2017
…but analyses, London School of Economics, growth commission report pointed out the lack of a comprehensive and coherent, long-term industrial strategy from the UK Government had actually contributed to... Read more...
29 June 2017
Article by Dr Swati Dhingra What form of relationship to have with the EU after Brexit is the key economic policy issue facing the UK. This election was meant to give the prime minister a strong mandate for... Read more...
28 June 2017
Under May's argument, Britain would drop out of the EU, immediately reverting to unfavourable WTO trade terms, if the country's negotiators failed to get an agreement seen as having favourable terms fo... Read more...
27 June 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...
In the days since the fire, Grenfell Tower has been held up as a tragic symbol of the social ills facing Britain: a detached political class; nearly seven years of a government-led austerity program that has s... Read more...
But the greatest potential trouble is on Brexit, with the constitutional uncertainty growing and economists laying out this week just what a hard or chaotic Brexit could mean for the economy: the pound droppin... Read more...
21 June 2017
Theresa May and the Tories’ ‘wage pain’ is leaving millions of people struggling to make ends meet warned Britain’s largest union, Unite as official figures out today (Wednesday 14 June... Read more...
14 June 2017
In total, the Centre for Economic Performance (CEP) calculates, it would be best for the British economy to remain part of the EU’s common market. Related publications ‘#GE2017Economists: The... Read more...
10 June 2017
A year ago, in June 2016, the British voted on their country's EU membership. Economists and financial markets were in bright turmoil and warned of the consequences of a Brexit. Today, twelve months later,... Read more...
08 June 2017
The London School of Economics (LSE) has published a report assessing all of the party manifestos and how respective policies will affect key voter issues. Intended to be "objective, brief and non-tech... 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
For the first time in years, UK voters have a real choice between economic models The Centre for Economic Performance at the London School of Economics has published a series of election analyses, looking a... Read more...
Article by Swati Dhingra Unlike some other countries – the US and France spring to mind – trade has not been a major issue in recent UK elections. This reflected both EU membership and a broad p... Read more...
According to a London School of Economics (LSE) paper, Brits were the worst off when it came to their real wages, with pay falling by more than five percent between 2007 and 2015. Researchers for the presti... Read more...
05 June 2017
The LSE's Centre for Economic Performance said that returning to World Trade Organization rules would reduce the UK's trade with the EU by 40% over 10 years. Related publications CEP Election Ana... Read more...
The UK has suffered the biggest drop in average real wages of any OECD country except depression-wracked Greece, according to a pre-general election analysis published by the London School of Economi... Read more...
Article by Claudia Olivetti and Barbara Petrongolo. Family-oriented policies – such as parental leave, childcare support, and flexible work arrangements – are in place in all high-income countries,... Read more...
03 June 2017
Most independent experts predict long-term harm as well. According to the most recent estimates from the Centre for Economic Performance at the London School of Economics, a hard Brexit would reduce GDP per he... Read more...
Leaving the European Union with no deal in place for future trading arrangements would be the worst-case Brexit scenario for the UK economy. What’s more, just because GDP growth has not declined since la... Read more...
02 June 2017
So the prime minister may have to choose between risking the economy (immigrants keep living standards up and the deficit down according to the London School of Economics) or missing her target. ... Read more...
01 June 2017
BREXIT has already started to make UK citizens poorer and more pain is likely in the months and years to come, a new study has warned. Although last year’s vote to quit the European Union has had “... Read more...
Although last year’s vote to quit the European Union has had “no obvious effect” on GDP growth, the collapse in the value of the pound – down 13 per cent against the US dollar and nine ... Read more...
A report by the LSE's Centre for Economic Performance said that returning to World Trade Organization rules would reduce the UK's trade with the EU by 40% over 10 years…Report authors Swati Ding... Read more...
Although last year's vote to quit the EU has had "no obvious effect" on GDP growth, the collapse in the value of the pound - down 13% against the US dollar and 9% against the euro by the end of l... Read more...
31 May 2017
Further reading Brexit and the UK Economy There are many ways to leave and the referendum did not allow voters to choose between them — Brexit does not simply mean Brexit. (LSE Centre for Economic Per... Read more...
May’s insistence that “no deal is better than a bad deal” is wrong, according to a report by the Centre for Economic Performance…. “In practice the no-deal outcome, where the ... Read more...
According to the Centre for Economic Performance, leaving the European Union with no pact in place would have twice the negative economic impact as remaining in the single market. That’s at odds with Pri... Read more...
Although last year’s vote to quit the EU has had “no obvious effect” on GDP growth, the collapse in the value of the pound – down 13% against the US dollar and 9% against the euro by th... Read more...
All of the UK’s main political parties now highlight the importance of an ‘industrial strategy’ with the aim of improving economic growth and achieving more balance in how its gains are distr... Read more...
30 May 2017
Bank of England Monetary Policy Committee claims that nominal wage growth will return close to 4% by 2019 are "rather implausible and over-optimistic", according to two respected academics at the Cen... Read more...
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
The parties all recognised funding shortfalls, rising costs, demographic pressures, increased expectations, and changes in health technology and medical practice, the London School of Economics Centre for Econ... Read more...
25 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
Higher price inflation as a result of sterling’s depreciation following the vote to leave the EU, coupled with nominal wage growth stuck at a norm of 2% a year, means that once again the UK faces falling... Read more...
22 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...
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
One reason for the weakness of earnings growth is the ferocious squeeze on public sector pay, which – stripped of bonus payments – is rising at just 1.3% a year. A second factor is that employers a... Read more...
17 May 2017
Recommends: Jobless recoveries: Exploring technology’s role – Georg Graetz, Guy Michaels - 13 mei Recoveries from recessions in the US used to involve rapid job generation, but job growth has... Read more...
14 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...
Article by John Van Reenen. Managers are more frequently the butt of jokes from TV shows like “The Office” to “Horrible Bosses,” than seen as drivers of growth. But maybe things ar... Read more...
09 May 2017
… Labor economists of the United Kingdom, as well as co-author of both Richard Layard that Steven Nickell, we need the introduction of the NAIRU in 1986. Related publications Combatting Unemployme... Read more...
16 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
The government is refusing to say whether more funding will be given to two “pioneering” FE research centres after their start-up grants end shortly. Meanwhile, the Centre for Vocational Educati... Read more...
03 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...
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...
23 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
Britain’s manufacturing heritage is told through faded photos of workers on assembly lines, or operating basic tools. But that was the 1970s, and in the 21st century, a factory has a lot more robots. Usi... Read more...
26 January 2017
A multitude of studies weaken the prophecy of universal income advocates: that of researchers Georg Graetz and Guy Michaels (2015) , who found, by analyzing seventeen countries over fifteen years, the robot ha... Read more...
Maria Sanchez Vidal: "the coexistence between Commerce of proximity and large surfaces trade is possible" Is author of a study on the effect of the introduction of superstores in respect of a city... Read more...
24 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
Most rich countries hire back workers after a recession. The U.S. replaces them with machines Economists have recently discovered that it’s middle-skill routine jobs -- think of cashiers, telemarketer... Read more...
May’s speech suggests the UK is on course to aim for a bilateral agreement. Currently, countries like Switzerland pay around 40% as much as the UK’s contribution for EU membership for access on tho... Read more...
18 January 2017
Evidence published in 2015 by Michaels and Graetz from a dataset of companies in 17 countries gathered between 1993 and 2007, suggests that while productivity increases with robotic innovation and some semi-sk... Read more...
16 January 2017
Using national level data on worldwide robot shipments across 17 countries, George Graetz and Guy Michaels show that robots may have been responsible for about a tenth of the increases in those countries&rsquo... Read more...
11 January 2017
"It is simply not the case that immigrants are taking jobs from those who already live in the country" Professor Alan Manning denied that immigrants take jobs. If it were so, wouldn't Ca... Read more...
10 January 2017
Sir David Metcalf has today (5 January 2017) been named as the first Director of Labour Market Enforcement to oversee a government crackdown on exploitation in the workplace. ... Read more...
05 January 2017
The minimum wage tsar is more interesting than the government would have you believe. The biography, as released by Whitehall, of Professor Sir David Metcalf, who has been appointed as the first director of la... Read more...
Sir David, who was chairman of the Migration Advisory Committee until August 2016, will set the strategic priorities for the: Gangmasters and Labour Abuse Authority Employment Agency Standards Inspecto... Read more...
Employers who deny workers the minimum wage could face two years in jail under plans to accelerate a crackdown on unscrupulous companies and gangmasters. The government will appoint a “labour marke... Read more...
So, the White House cites a study of 2015 by George Graetz and Guy Michaels made in 17 countries, that concluded that the robots helped to increase the wealth of those countries by 0.4% between 1993 ... Read more...
30 December 2016
We have seen signs that the companies which manage to exploit the robots and the Internet of Things (IoT) in their production machinery can compete with factories in the distant economies. This trend is furthe... Read more...
23 December 2016
In fact the industry 4.0 represents a great opportunity for our manufacturing and for once never catches us completely off-guard. According to a recent study carried out by economists George Graetz and Guy Mic... Read more...
02 December 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
Given the increased usage of robotics and other automation, how will that impact the productivity numbers? In July of 2015, Georg Graetz and Guy Michaels published a paper, “Estimating the Impact of Robo... Read more...
07 November 2016
Article sources a figure from 'Guessing game: Actual job losses due to robots may not be as bad as anticipated for most countries' (Source: George Graetz and Guy Michaels, “Robots at Work”.... Read more...
27 October 2016
The right way to leave the EU Article by Swati Dhingra On June 30, a week after the British public voted to leave the EU, Theresa May gave a speech launching her candidacy for prime minister in which she declared, ''Br... Read more...
21 October 2016
Article by Barbara Petrongolo In the wake of Britains vote to leave the EU, the big debate has switched to what relationship the two should have post-Brexit. Top of the agenda is access to the single market and freedom ... Read more...
18 October 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...
Part 2/6 from six impossible ideas (after Brexit) Many people think that migrants take jobs away from citizens, reduce wages or both. But you may also have heard the argument that immigrants benefit the economy because ... Read more...
17 October 2016
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
The pound has lost nearly 18 per cent of its value against the dollar since Britain voted Brexit, two per cent more than during the 2008 financial crash. On Thursday it reached its lowest point for 168 years. ''Movements... Read more...
14 October 2016
Caller mentions research by the Centre for Economic Performance at around 01:11:05 Caller: ... not in many cases a cynical attempt on the part of employers to simply cheat workers by paying them the lowest wages that th... Read more...
09 October 2016
Many government ministers have suggested that immigration is an obstacle to natives getting jobs. Jonathan Wadsworth takes up the home secretary's challenge to talk about immigration and how it may affect young people's ... Read more...
07 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
In a briefing sent afterwards, it was made clear that other measures to be considered would be, ''whether employers should have to set out the steps they have taken to foster a pool of local candidates, set out the impac... Read more...
05 October 2016
Academic studies also find little link between migration and unemployment. Economists from the Centre for Economic Performance at the London School of Economics say that when they look at the areas with the largest incre... Read more...
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...
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...
A study by the London School of Economics published earlier this year found that EU immigration had no negative impact on British wages, jobs or public services. That research echoed the findings of countless other studi... Read more...
Truth and myth about the effects of openness to trade In other rich countries, regions or industries with heavy exposure to Chinese imports also suffered material losses in factory jobs. A study of Spain's jobs market b... Read more...
01 October 2016
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
In today's interview, we sat down with Alan Manning, Professor of Labour Economics at the London School of Economics. He is a leading author in his field, particularly in understanding the imperfections of labour markets... Read more...
27 September 2016
Even [Sadiq] Khan's predecessor Boris Johnson campaigned with several plans to build 55,000 new homes in London and to slow down the price increase caused by demand pressures. Up to the end of his tenure, he failed. Khan... Read more...
22 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
Dennis Novy interviewed. The topic was the Transatlantic Trade and Investment Partnership (TTIP) and the recent political backlash from France and Germany. The interview was broadcast on the BBC Radio 4 The World Ton... Read more...
30 August 2016
Dennis Novy was interviewed live on LBC radio with Nick Ferrari on 24 August 2016. The topic was Brexit and whether we should have a second referendum. The background was Owen Smith's announcement of having a second refe... Read more...
24 August 2016
The average cost of full-time childcare across the UK for a child under the age of two is £217.57 a week. Part-time care (25 hours, as opposed to the full 50) costs £116.77 a week. Assuming both parents work ... Read more...
23 August 2016
The likely Locus of search robots and packaging of 25 thousand square meter warehouse helps to increase the productivity of the warehouse up to 800 percent. A previous study of Georg Graetz scientists and Guy Michaels (... Read more...
16 August 2016
Beyond the territorial politics, Brexit has brought to the boil a long simmering tension between the UK's economic and political imperatives. The importance to the UK economy of the single European market in goods and se... Read more...
15 August 2016
New initiatives planned to end 'unacceptable and unlawful' discrimination against working women Employers are being told to do more to help mothers breastfeed their babies at work, as part of the government's latest i... Read more...
Davvero i robot ci ruberanno il lavoro? A che cosa serve davvero l'automazione? Tutte queste predicazioni hanno in comune di invitare i popoli ad abbandonare qualsiasi progetto di poter in qualche modo essere protagonist... Read more...
12 August 2016
The IFS estimate that single market membership could be worth 4 per cent of GDP by 2030 - or £75bn in today's money But the IFS estimates that retaining single market membership could be potentially worth 4 per ce... Read more...
09 August 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
The addition of a second child can put families under serious financial strain - and in the case of women on the lowest incomes - convince them to give up work altogether in the face of rising childcare costs, a new st... Read more...
07 August 2016
A new study finds that, while the addition of a second child has little effect on the working hours of mothers in skilled jobs, it has a substantial and negative effect on low-skilled women who are forced to reduce their... Read more...
06 August 2016
Article by Brian Bell and John Van Reenen Lacklustre growth seems to be the new normal almost everywhere in the world except for one area - CEO pay. This column uses data on UK publicly listed firms to examine whether ... Read more...
05 August 2016
John Van Reenen was disappointed but not surprised by the UK's vote to Leave the EU. Whilst his own research predicts serious economic and political damage in the case of Brexit, he thought a Leave vote was a real possib... Read more...
02 August 2016
The 23 June 2016 Brexit vote saw British voters reject membership in the European Union. This column introduces a new VoxEU eBook containing 19 essays written by leading economists on a wide array of topics and from a br... Read more...
01 August 2016
This finding is mirrored at least in part by a study of sponsored academies established under the previous Labour government, conducted by the London School of Economics, which argues that the impact of conversion should... Read more...
22 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
Britain's decision to leave the European Union (EU) has prompted international conversation about the economic implications. But widespread interest doesn't mean widespread expertise. Economists tell i about some of th... Read more...
''Brexit makes the UK a less attractive environment for investment, in particular for businesses that rely on the British approach to the single market,'' said economist Thomas Sampson for Mashable. ''Some companies are... Read more...
20 July 2016
Ahead of the Brexit vote, the great transnational institutions that have come to, if not govern, then certainly guide the post-World War Two order were all out talking apocalypse. Britain will ''almost certainly... Read more...
After years of debate over the effectiveness of academy status, the Education Policy Institute has now released data which it says shows the causal impact of academy status on school performance. Editor Laura McInerney e... Read more...
12 July 2016
New research has found ''no evidence'' that academy status leads to better grades for pupils at schools rated good or satisfactory. The study, by the London School of Economics and the Education Policy Institute (EPI)... Read more...
Article by Monica Langella and Alan Manning This article reports the result of an exercise in which the vote share for Leave in the 380 areas of England, Wales and Scotland are regressed on a variety of area characteris... Read more...
07 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
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
FRIDAY was the day when international markets absorbed the shock of the British vote to leave the European Union; a vote that few investors had anticipated. But today, market focus shifted back to the places where the vo... Read more...
27 June 2016
''IMMIGRATION, immigration, immigration'', shouted a headline in the Sun, a right-wing tabloid newspaper, the week that Britain voted to leave the European Union. It followed weeks of campaigning from the Leave side assu... Read more...
John Van Reenen, Professor at the London School of Economics, said on Friday in an interview issued by the American channel CNBC that the companies ''will not want to take investment decisions because they have uncertain... Read more...
26 June 2016
According to John Van Reenen, Director of the Center for Economic Performance who said: "the same phenomenon will occur as being ''dubious'' in a period when businesses don't like to take new decisions or new invest... Read more...
25 June 2016
In an interview to CNBC, John Van Reenen, director of the Centre for Economic Performance at the London School of Economics said the short-term impacts would be painful: ''You get a rabbit-in-the-headlights phenomenon wh... Read more...
The decision left the United Kingdom society of the European Union does indeed have fueled new uncertainty. ''Businessmen reluctant to take new decisions or affect investments, because of the uncertainty for the future,'... Read more...
24 June 2016
In crudest outlines, the panic that followed Britain's vote to quit the European Union traced the 2008 collapse of Lehman Brothers, an event that turned an unfolding financial crisis into the bleakest economic downturn s... Read more...
Minford said that the economy would be more dynamic and more efficient now that we're out of the EU. Swati Dhingra disagreed, saying that the economy would suffer because of a shallower pool of talent from other EU co... 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...
22 June 2016
Dr Swati Dhingra from the Centre for Economic Performance's Trade Programme video on the possible regulatory autonomy and alternatives to EU membership. Filmed as part of a panel discussion - The EU and the UK: 'the wro... Read more...
21 June 2016
Economists care a great deal about the minimum wage because it is a policy prescription that increasingly affects a large portion of the workforce and because it is a clear case of government intervention, imposing a flo... Read more...
09 June 2016
In keeping with the fishy origins, it seems "kippers" are on the rise. Kippers? Yes, you heard it correctly. Some wag has come up with Kids In Parents Pockets Eroding Retirement Savings. It's eve... Read more...
26 May 2016
Whether Britain loses access to the single market depends on the terms of any exit. Under the optimistic scenario, Britain would join the European Economic Area as non-member countries like Norway and Switzerland have do... Read more...
15 April 2016
Mention of 2014 CEP research on immigration and the labour market. The programme was broadcast by Sky News on March 11, 2016 Link to broadcast here Related Publications Immigration, the European Union and the UK La... Read more...
11 March 2016
Source: London School of Economics and Political Science Country: World Abstract Does economic activity relocate away from areas that are at high risk of recurring shocks? We examine this question in the context of floo... Read more...
03 March 2016
In the latest State of Working Britain blog, editor Professor Jonathan Wadsworth writes: Common Mis-Perceptions About Recent UK Labour Market Performance No 1. A Record number of people in work The opening sentenc... Read more...
01 March 2016
In the period 1993-2007, manufacturing employment in this country fell by around 55%, while the use of robots rose by around 80%. By contrast, Germany’s deployment of robots rose by around 165% and its m... Read more...
15 February 2016
[David] Blanchflower and [Stephen] Machin argue labour market must tighten further before pay growth picks up, something Bank of England consistently fails to acknowledge. This article was published by The Guardian on F... Read more...
02 February 2016
In the first of a new blog from LSE's Centre for Economic Performance, Jonathan Wadsworth comments on the issue of full employment in the UK. This article was published online by the CEP's The State of Working Britain b... Read more...
26 January 2016
Tumbling global markets are issuing a cry for help to policymakers of all stripes: Do something. As investors, traders and pundits scramble to understand the reasons for the terrible start to 2016, more and more are look... Read more...
21 January 2016
Article by Nicholas Bloom, Raffaella Sadun, Daniela Scur and John Van Reenen There is a long history of debate within business, policy, and economic literature regarding whether firms can improve their performance by tr... Read more...
18 December 2015
Robots at work is a study by Georg Graetz of the University of Uppsala in Sweden and Guy Michaels at the London School of Economics that analyzes statistics from 1993 until 2007 of 14 industries in 17 developed countries... Read more...
15 December 2015
Health care is among the largest sectors of the U.S. economy and accounted for more than 17 percent of gross domestic product (GDP) in 2014. About 60 percent of the U.S. population has private health insurance, which pay... Read more...
Researchers have compiled data on $682 billion worth of claims to look at the truth behind medical costs. This article was published online by Marketplace.org on December 15, 2015 Link to article here Related publi... Read more...
... But a new study casts doubt on that simple message. The research looked not only at Medicare but also at a huge, new database drawn from private-insurance plans - the sorts used by most Americans for health care. And... Read more...
In order of importance, it can be compared with the steam machine's breakthrough in the beginnings of industrialisation, according to Department of Economics Researcher George Graetz at Uppsala University. This article ... Read more...
16 November 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
A new CERRE report highlights the relationship between prices, investments, and market structure. It is co-authored by Tommaso Valletti, a Joint Academic Director of CERRE and Professor of Economics at Imperial College L... Read more...
07 October 2015
However, other studies show that the influx of immigrants has negative effects on the median salary (but not on employment) natives working in low-skilled sectors such as the building and public works, so on the remunera... Read more...
14 September 2015
Leading economists have warned that Jeremy Corbyn's economic policies are 'likely to be highly damaging' and renationalising industry could actually 'make things worse'. In the new letter to the Financial Times, the aut... Read more...
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
Article by John Van Reenen Voting for Jeremy Corbyn as leader is a gut reaction to Labour's electoral defeat. Corbyn does point to some real economic problems facing Britain but his policies are based largely on the kin... Read more...
17 August 2015
More evidence of the success of the academy schools programme was published yesterday. A new paper by Andrew Eyles and Stephen Machin at the Centre for Economic Performance at the LSE finds that ''the first round of acad... Read more...
14 August 2015
In a new paper from London's Center for Economic Research [sic] George Graetz, of Uppsala University, and Guy Michaels, of London School of Economics found that industrial robots have actually driven labor productivity a... Read more...
13 August 2015
Telecoms regulators can now be confident that their market interventions to reduce mobile operators' prices for connecting calls - so-called termination charges - will benefit consumers. That is the central conclusion ... Read more...
01 August 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
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...
21 June 2015
Humans and robots: together unbeatable The current study ''Robots at Work'' by Graetz and Michaels (Uppsala University and London School of Economics), which examines the impact of increasing automation on the economic ... Read more...
13 June 2015
...in 2013, I wrote that the evidence was 'mixed on wages, with some evidence of downward pressure for the lower paid'. He argues that the latter statement contradicts the former. In the intervening five years, we've ha... Read more...
11 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
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
Having a politician relative adds an average of 500 euros a year to one's salary, according to a new study by two Italian economists. This is equal to a 3 percent increase in an average paycheck. In comparison, every a... Read more...
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
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
Article by Hilary Steedman and Claudia Hupkau Hilary Steedman, London School of Economics and Political Science Labour's election manifesto promises four initiatives in the area of skills and apprenticeships; the Compu... Read more...
Article by Georg Graetz and Guy Michaels Robots' capacity for autonomous movement and their ability to perform an expanding set of tasks have captured writers' imaginations for almost a century. Recently robots have eme... Read more...
18 March 2015
In a recent article in McKinsey Quarterly John Dowdy, a director of McKinsey, and John van Reenen, an economics professor and director of the Centre for Economic Performance at the London School of Economics, argue that ... Read more...
25 February 2015
Alan Manning, an economist at the London School of Economics, takes issue with the assertion that economic trends observed in the US are caused by technological unemployment. While he agrees US data shows rising producti... Read more...
09 February 2015
Letter from Professor Richard Layard Sir, John Hutton and Alan Milburn are quite right (''Defend Labour's economic record - the facts are on our side'', Comment, January 28): the fiscal record of the last Labour govern... Read more...
29 January 2015
Der Mindestlohn in GroВbritannien 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...
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...
28 January 2015
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 middle-class share of the U.S. wealth pie roughly doubled between the Great Depression and the early 1980s. But since then, the middle-class share has shrunk back to its lowest level since 1947, according to a study ... Read more...
Britain will not run out of scope to create jobs in 2015 and will therefore not reach full employment, a slender majority of economists believe. But the number of people in work is likely to rise and unemployment will fa... Read more...
01 January 2015
Interest rates must start rising soon, to wean the UK off crisis-era monetary policy, five former members of the Bank of England's rate setting body say. Financial markets are not expecting a first rate rise until late n... Read more...
Is there a future for industry in Europe and North America? Giorgio Barba Navaretti and Gianmarco Ottaviano use the example of the newly merged transatlantic car-maker Fiat Chrysler to debunk a number of myths about the ... Read more...
20 October 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
Indem sie ihren Kindern finanziell unter die Arme greifen, haben die Eltern auch unabsichtlich den offentlichen Druck entscharft, die Beschäftigungs-und Renten so zu andern, dass ihre Kinder einen leichteren Start ins B... Read more...