CEP | People | Dr Rui Costa

Biography

Rui joined CEP in December 2012. He has worked with Prof. Steve Machin and Dr. Brian Bell in the fields education and crime. Recently, he has been working on the interactions between trade and labour markets. His research fields span through labour economics, crime economics and applied microeconometrics.

Publications

External publications

IZA COVID-19 Crisis Response Monitoring: United Kingdom

On the 23rd of March, the United Kingdom locked down in response to the COVID-19 pandemic. Subsequently, the UK economy suffered the biggest contraction of economic activity in 41 years, experiencing a 21.5% year-on-year... Read more...

Rui Costa and Stephen Machin

01 January 2021

CEP election analysis papers

The labour market

The UK labour market, at first glance, seems to be playing at Dr Jekyll and Mr Hyde. Employment (in terms of both levels and rates) is at record highs, yet wage growth has been extraordinarily weak. One view is that thes... Read more...

Rui Costa and Stephen Machin

21 November 2019

Blog

New dawn fades: The post-referendum rise in import costs has hurt UK workers

Some commentators argue that globalisation is systematically connected to the real-wage and productivity stagnation seen across the developed world. This column analyses the relationship between international trade and w... Read more...

Rui Costa, Swati Dhingra and Stephen Machin

01 October 2019

CentrePiece - The magazine for economic performance

Trade and deskilling: how the post-referendum sterling depreciation hurt workers

The unexpected result of the Brexit referendum, working through the rapid depreciation of sterling, had a sizable negative impact on UK workers. New CEP work by Rui Costa, Swati Dhingra and Stephen Machin shows that the ... Read more...

Rui Costa, Swati Dhingra and Stephen Machin

01 July 2019

CEP discussion papers

Trade and worker deskilling

This paper presents new evidence on international trade and worker outcomes. It examines a big world event that produced an unprecedentedly large shock to the UK exchange rate. In the 24 hours in June 2016 during which t... Read more...

Rui Costa, Swati Dhingra and Stephen Machin

29 May 2019

CEP Brexit analysis Papers

Trade and worker deskilling: how the post-Brexit pound has hurt Britain’s workers

The unexpected result of the Brexit referendum, working through the rapid depreciation of the sterling, has hurt British workers. New CEP work shows that the big drop in the value of the pound caused a rise in import pri... Read more...

Rui Costa, Swati Dhingra and Stephen Machin

29 May 2019

CEP discussion papers

Why does education reduce crime?

Prior research shows reduced criminality to be a beneficial consequence of education policies that raise the school leaving age. This paper studies how crime reductions occurred in a sequence of state-level dropout age r... Read more...

Brian Bell, Rui Costa and Stephen Machin

24 August 2018

CEP industrial strategy

Investing in People: The Case for Human Capital Tax Credits

It is now widely recognised that human capital accumulation and research and development (R&D) are key drivers of economic growth, as is documented in most standard textbooks (e.g. Acemoglu, 2007; Romer, 1996). Estimates... Read more...

Rui Costa, Nikhil Datta, Stephen Machin and Sandra McNally

28 March 2018

CVER Briefing Note

Investing in People: The Case for Human Capital Tax Credits

CEP election analysis papers

Real Wages and Living Standards in the UK

Since the global financial crisis of 2007/08, workers’ real wages and family living standards in the UK have suffered to an extent unprecedented in modern history. Real wages of the typical (median) worker have fallen by... Read more...

Rui Costa and Stephen Machin

19 May 2017

CEP real wages updates

The Return of Falling Real Wages

The falling real wages experienced by most UK workers between 2008 and 2014 were followed by modest growth in 2015 and 2016. But it has now reversed back as real wages have once again started to fall. This is courtesy of... Read more...

David Blanchflower, Rui Costa and Stephen Machin

12 May 2017

CEP discussion papers

Crime, compulsory schooling laws and education

Do compulsory schooling laws reduce crime? Previous evidence for the U.S. from the 1960s and 1970s suggests they do, primarily working through their effect on educational attainment to generate a causal impact on crime. ... Read more...

Brian Bell, Rui Costa and Stephen Machin

01 October 2015