CEP Discussion Paper
Intellectual Property and the Organization of the Global Value Chain
Stefano Bolatto, Alireza Naghavi, Gianmarco Ottaviano and Katja Zajc Kejzar January 2020
Paper No' CEPDP1673:
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Tags: sequential production; intellectual property; intangible assets; appropriability; stage complementarity; upstreamness; firm organization; outsourcing; vertical integration

CEP Discussion Paper
The Aggregate Consequences of Default Risk: Evidence from Firm-Level Data
Timothy Besley, Isabelle Roland and John Van Reenen
January 2020
Paper No' CEPDP1672:
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Tags: productivity; default risk; credit frictions; misallocation

CEP Discussion Paper
A Local Community Course That Raises Mental Wellbeing and Pro-Sociality
Jan-Emmanuel De Neve, Daisy Fancourt, Christian Krekel and Richard Layard January 2020
Paper No' CEPDP1671:
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Data Files associated with this paper.

Tags: wellbeing; pro-social behaviour; communities; intervention; rct

CEP Discussion Paper
Globalization and Conflicts: The Good, the Bad and the Ugly of Corporations in Africa
Tommaso Sonno
January 2020
Paper No' CEPDP1670:
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Tags: multinationals; civil conflict; fdi; ethnic minority

CEP Discussion Paper
Immigration, Local Crowd-Out and Undercoverage Bias
Michael Amior
January 2020
Paper No' CEPDP1669:
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Tags: immigration; geographical mobility; local labor markets; employment

CEP Discussion Paper
Trade, Productivity and (Mis)allocation
Antoine Berthou, John Jong-Hyun Chung, Kalina Manova and Charlotte Sandoz Dit Bragard
January 2020
Paper No' CEPDP1668:
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Tags: international trade; export demand; import competition; productivity; allocative efficiency; misallocation

CEP Discussion Paper
Exchange Rates and Consumer Prices: Evidence from Brexit
Holger Breinlich, Elsa Leromain, Dennis Novy and Thomas Sampson
December 2019
Paper No' CEPDP1667:
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Tags: brexit; exchange rate pass-through; import costs; inflation

CEP Discussion Paper
Trade Liberalization, Input Intermediaries and Firm Productivity: Evidence from China
Fabrice Defever, Michele Imbruno and Richard Kneller December 2019
Paper No' CEPDP1666:
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Tags: firm heterogeneity; trade liberalization; intermediate inputs; productivity; intermediaries; china

CEP Discussion Paper
The Innovation Premium to Soft Skills in Low-Skilled Occupations
Philippe Aghion, Antonin Bergeaud, Richard Blundell and Rachel Griffith December 2019
Paper No' CEPDP1665:
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Tags: innovation; skill-based technological change; wage; complementarity

CEP Election Analysis
#GE2019Economists: The Research Evidence on Key issues for Voters in the 2019 UK General Election
December 2019
Paper No' CEPEA056:
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Tags: uk 2019 general election; uk economy; labour market; brexit economics; immigration; social mobility; education and skills; people; places and politics; housing; energy and climate change; health and social care; policing and crime

New research findings from the CEP.

• The gig economy and workers' preferences for steady jobs
  People are willing to give up roughly half of their hourly wage for a permanent contract, according to Nikhil Datta
  
  
• When machines replace people: individual consequences of occupational decline
  Guy Michaels and colleagues explore what happens to people's careers when demand for their occupations falls, often because of technological change
  
  
• Between communism and capitalism: long-run inequality in Poland
  Pawel Bukowski and Filip Novokmet chart how Poland has moved from being one of the most egalitarian countries in Europe to one of the most unequal
  
  
• Structured management: how firms can hire and keep the best people
  Daniela Scur and colleagues demonstrate the value of structured management practices for recruitment, retention and productivity
  
  
• Business benefits of local universities: more skills and better management
  Andy Feng and Anna Valero find that firms located closer to universities hire better managers and workers - and have better management practices
  
  
• In brief...The long-term effects of financial distress in childhood
  Andrew Clark and colleagues consider the consequences for young adults whose families experienced financial problems when they were kids
  
  
• Generation gap: young Brits less likely to 'do better' than their parents
  Jo Blanden and colleagues show that plummeting earnings since the Great Recession mean that fewer young adults now are earning more than their fathers
  
  
• In brief...Big city, bright future: why birthplace matters so much
  Clément Bosquet and Henry Overman reveal that being born in a bigger city improves your earning potential