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Journal articles

Peer-reviewed academic papers by CEP researchers. Where possible, open access to these articles is funded by the Economic and Social Research Council.

Pound coins by Sarah Agnew on Unsplash.
The employment and distributional impacts of nationwide minimum wage changes

Giulia Giupponi and colleagues estimate the effect of the introduction of the UK's National Living Wage in 2016, and increases in it up to 2019, using a new empirical method.
Father and son by Ben White on Unsplash.
Measuring absolute income mobility: lessons from North America and Europe

CEP authors and colleagues use linked parent-child administrative data for five countries in North America and Europe to investigate methodological challenges in the estimation of absolute income mobility.

Latest Journal articles

Journal article
Journal of Urban Economics:
Forthcoming
The spatial impacts of a massive rail disinvestment program: The Beeching Axe

This paper investigates the reversibility of the effects of transport infrastructure investments, based on a programme that removed much of the rail network in Britain during the mid-20th century. We find that a 10% loss...Read more...

Stephen Gibbons, Stephan Heblich and Edward W. Pinchbeck

17 August 2024

Journal article
Journal of International Economics:
Forthcoming
New dawn fades: Trade, labour and the Brexit exchange rate depreciation

This paper studies consequences of the large exchange rate depreciation occurring when the UK electorate unexpectedly voted to leave the European Union. Sterling plummeted, recording the biggest one-day depreciation of a...Read more...

Rui Costa, Swati Dhingra and Stephen Machin

13 August 2024

Journal article
Journal of Urban Economics:
Forthcoming
Cities and the sea level

Construction on low elevation coastal zones is risky for both residents and taxpayers who bail them out. To investigate this construction, we analyze spatially disaggregated data covering the entire US Atlantic and Gulf ...Read more...

Yatang Lin, Thomas K.J. McDermott and Guy Michaels

1 August 2024

Journal article
Review of World Economics:
Curse or blessing? multinational corporations and labor market outcomes in Africa

Do multinational enterprises create local job opportunities in developing countries? We address this question in the context of Sub-Saharan Africa by combining information on domestic and foreign multinationals’ affiliat...Read more...

Mariapia Mendola, Giovanni Prarolo and Tommaso Sonno

30 July 2024

Journal article
Journal of Public Economics:
Forthcoming
Organizational capacity and profit shifting

Good organizational capacity drives productivity and potential taxable profits, but may also enable multinationals (MNEs) to more efficiently re-allocate profits across tax jurisdictions, lowering actual taxable profits....Read more...

Katarzyna Bilicka and Daniela Scur

26 July 2024

Journal article
World Development:
Forthcoming
Take the Highway? Paved roads and well-being in Africa

Public Goods aim to improve individual welfare. We investigate the causal consequences of roads on well-being in 24 African countries, instrumenting paved roads by 19th Century hypothetical lines between major ports and ...Read more...

Andrew E. Clark, Conchita D'Ambrosio and Elodie Djemaï

25 July 2024

Journal article
Oxford Open Economics:
Education inequalities

Education is one of the most important predictors of people's life chances, shaping outcomes like work and pay, health, and wealth. Explaining inequalities in educational outcomes, as well as how wider outcomes vary by e...Read more...

Christine Farquharson, Sandra McNally and Imran Tahir

17 July 2024

Journal article
Oxford Open Economics:
Innovation and inequalities

Innovation is a key source of sustainable growth, but it can affect inequalities in many ways—increasing some inequalities and decreasing others. The impact of any particular innovation on inequalities will depend import...Read more...

Philippe Aghion and Rachel Griffith

17 July 2024

Journal article
Oxford Open Economics:
Firms and inequality

We review the existing literature on falling business dynamism and present a new analysis using comprehensive UK firm-level panel data. Since the mid-1990s, there has been a large increase in UK firm-level inequality (es...Read more...

Jan De Loecker, Tim Obermeier and John Van Reenen

17 July 2024

Journal article
Oxford Open Economics:
Spatial disparities across labour markets

We consider disparities across local labour markets in Great Britain. Disparities in wages and employment rates are large and persistent, although smaller than 20 years ago. These disparities largely reflect the concentr...Read more...

Henry G. Overman and Xiaowei Xu

17 July 2024

Journal article
Oxford Open Economics:
Sociological measures of inequality

Concepts and measures of ‘social class’ and of ‘social stratification’ are used extensively within sociology and its cognate disciplines, but differ from indicators of inequality such as earnings, income, wealth, educati...Read more...

17 July 2024

Journal article
Oxford Open Economics:
Labour market inequality

Wage and earnings inequality has been on the rise in the United Kingdom (UK) since the late 1970s/early 1980s, and with faster increases than comparator countries, it is now one of the countries with the highest levels o...Read more...

Giulia Giupponi and Stephen Machin

17 July 2024

Journal article
Journal of Urban Economics:
Forthcoming
The economic impacts of the UK's eat out to help out scheme

We evaluate the economic impacts of the UK's Eat Out to Help Out (EOTHO) scheme on the food service sector. EOTHO was introduced during the COVID pandemic to stimulate demand by subsidizing the cost of eating out, with a...Read more...

Nicolás González-Pampillón, Gonzalo Nunez-Chaim and Henry G. Overman

11 July 2024

Journal article
Review of Economics and Statistics:
A Year Older, A Year Wiser (and Farther from Frontier): Invention Rents and Human Capital Depreciation

We look at how the arrival of an invention affects wage returns and the probability of moving out of employment for white- and blue-collar co-workers of the inventor. First results suggest that older workers are hurt by ...Read more...

Philippe Aghion, Ufuk Akcigit, Ari Hyytinen and Otto Toivanen

8 July 2024

Journal article
Oxford Economic Papers:
Forthcoming
Trends in effort at work in the UK

This article links detailed 24-h diary surveys in the UK for the last four decades, to provide evidence of an increase in work effort in three specific dimensions: timing, nature, and composition. We rule out certain pro...Read more...

Jose Ignacio Gimenez-Nadal and Almudena Sevilla

1 July 2024

Journal article
The Economic Journal:
Forthcoming
Personnel Management and School Productivity: Evidence from India

This paper uses new data to study school management and productivity in India. We report five main results. First, management quality in public schools is low, and -2 standard deviations below high-income countries with ...Read more...

Renata Lemos, Karthik Muralidharan and Daniela Scur

1 July 2024

Journal article
Critical Sociology:
Forthcoming
A Popular Backlash against Globalization?

Is there a popular backlash against globalization? When did it start and in which forms? What do we know about its causes? We address these questions in the context of advanced democracies. We see the ‘globalization back...Read more...

Italo Colantone, Gianmarco Ottaviano and Piero Stanig

17 June 2024

Journal article
Nature:
Hybrid working from home improves retention without damaging performance

Working from home has become standard for employees with a university degree. The most common scheme, which has been adopted by around 100 million employees in Europe and North America, is a hybrid schedule, in which ind...Read more...

Nicholas Bloom, Ruobing Han and James Liang

12 June 2024

Journal article
Humanities and Social Sciences Communications:
The WELLBY: a new measure of social value and progress

We introduce the WELLBY, a new measure of social value and progress, which can contribute to the assessment of progress towards the wellbeing of the economy and steer towards activities with the most wellbeing per financ...Read more...

Paul Frijters, Ziggi Ivan Santini, Christian Krekel and Raúl Sanchis

8 June 2024

Journal article
Child Indicators Research:
Economic Development and Adolescent Wellbeing in 139 Countries

There is a positive association between the level of economic development and national levels of overall life satisfaction (OLS) in the adult population, with decreasing marginal returns. However, research shows no assoc...Read more...

Ferran Casas, Jan-Emmanuel De Neve, Jose Marquez and Laura Taylor

5 June 2024

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