In the edition of CentrePiece:

In this edition:

On the cover: Productivity

The price of power: why rising markups hurt innovation and widen inequality

Over the past four decades, the United States has seen rising market power, slowing productivity growth and deepening wealth inequality. Giammario Impullitti and Pontus Rendahl explore how declining competition may be th... Read more...

Behind the news: Wellbeing

Investing in mental health: the economic benefits of NHS talking therapies

What are the effects of psychological therapies on patients’ employment and earnings? In the first analysis of this question using nationally representative data, Klaudia Rzepnicka, Emma Sharland, Marta Rossa, Ted Dolby,... Read more...

Policy: Economic geography

Why people like living in cities: a new measure of the quality of life

People like to live in certain places, even when higher wages are on offer elsewhere. Gabriel Ahlfeldt, Fabian Bald, Duncan Roth and Tobias Seidel show that once people’s preferences are considered, big cities offer a hi... Read more...

Policy: Economic geography

Public sector relocation: lessons from the BBC’s move to Salford

Moving public agencies out of London was a major plank of the levelling-up agenda. Max Nathan, Henry Overman, Capucine Riom and Maria Sanchez-Vidal show how the BBC’s move to Salford had a positive effect on the local ec... Read more...

Policy: Gender quotas

in brief... How gender quotas are challenging political inequality in South Korea

Boosting women’s representation in government means understanding what type of gender discrimination is being practised, say Jay Euijung Lee and Martina Zanella. Read more...

Research: Community

The lasting impact of 9/11 on Muslim integration in America

Understanding the long-term social impact of historical events provides insights into current global debates on immigration, integration and Islamophobia. In a study of the aftermath of the 9/11 attacks, Shadi Farahza... Read more...

Research: Innovation

Return innovation: how migration shapes diffusion of new technologies

Novel products, processes and technologies are important drivers of economic growth. Davide Coluccia and Gaia Dossi show how migrants from Britain to the United States in the late 19th and early 20th century not only too... Read more...

Research: Education

The benefits of elite universities are more social than academic

From Cambridge and Oxford to Harvard and Yale, elite universities are a feature of many education systems. Andrés Barrios Fernández, Christopher Neilson and Seth Zimmerman ask whether these institutions of higher educati... Read more...

Research: Trade

in brief... How the Trump tariffs affect UK firms

How should UK exporters react to the tariffs imposed by President Trump? While some may start planning to increase production in the United States to avoid the tax, others whose US customers are less price-sensitive may ... Read more...