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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.

Photo of some money by Ryan Quintal via Unsplash
Pay Transparency and Gender Equality

UK pay transparency cut the gender pay gap by 19%, mainly by slowing men's pay growth, especially under greater public scrutiny.
Photo of a man in a business suit by Hunters-Race via Unsplash.
Monopsony and the Wage Effects of Migration

Under imperfect competition, migration raises wage mark-downs by boosting firm monopsony power, redistributing income from workers to firms despite higher aggregate native earnings.

Latest Journal articles

Journal article
Labour Economics:
Keeping it in the family: student to degree match

This paper examines systematic inequalities in the sorting of students to university degree programs with regards to first-in-family (FIF) to attend university and gender. Using linked administrative data on the populati...Read more...

Richard Murphy and Pedro Luis Silva

1 October 2026

Journal article
Journal of Urban Economics:
Location choice when the number of jobs matters: matching in spatial equilibrium

The idea that people want to go to where the jobs are is intuitive, yet is absent from the standard quantitative spatial modelling approach in which location choices are guided by prices, without reference to quantities ...Read more...

Anthony J. Venables

1 October 2026

Journal article
Regional Science and Urban Economics:
Forthcoming
Caring in the time of austerity

The years after the election of the UK's coalition government in 2010 saw a decline in central funding to local government and a fall in expenditure on a range of local services, including social services. These cuts wer...Read more...

Stephen Gibbons and Christian A. L. Hilber

15 September 2026

Journal article
International Economic Review:
Scientific isolation? The consequences of Trump's China initiative on Chinese research

The 2018 China Initiative by the Trump administration complicated procedures and reduced funding for US-China research collaborations. Using Scopus data, we analyze its impact on Chinese research. We find that it signifi...Read more...

Philippe Aghion, Celine Antonin, Luc Paluskiewicz, David Stromberg, Xueping Sun, Raphael Wargon and Karolina Westin

11 September 2026

Journal article
American Economic Review: Insights:
Prime locations

We develop a method for delineating prime locations - ultradense clusters of economic activity- within cities and apply it to comprehensive establishment data covering all US metropolitan areas. We further use big data t...Read more...

Gabriel M. Ahlfeldt, Thilo N. H. Albers and Kristian Behrens

3 September 2026

Journal article
The Review of Economics and Statistics:
Reservation wages and the wage flexibility puzzle

Using microdata for the UK and Germany, we provide novel evidence on the cyclical properties of reservation wages and estimate that wages and reservation wages are characterized by moderate and very similar degrees of cy...Read more...

Felix Koenig, Alan Manning and Barbara Petrongolo

2 September 2026

Journal article
Social Science and Medicine:
Do people get used to working long hours?

Overemployment - working more hours than desired - affects nearly one-third of European workers, yet its consequences remain understudied. Using data from the German Socio-Economic Panel (SOEP, 1984-2019, N = 43,570) and...Read more...

Christian Krekel, Tim Kremser and Georgios Melios

1 September 2026

Journal article
Large-scale Assessments in Education:
Driven to succeed? Teenagers? achievement motivation, university aspirations, and performance on high-stakes examinations

There is growing interest in how young people?s socio-emotional skills, particularly motivation, shape educational outcomes. Yet less is known about how adolescents? general achievement motivation and their specific aspi...Read more...

John Jerrim, Kirtana Krishnakumar, Nikki Shure and Gill Wyness

29 August 2026

Journal article
Review of International Economics:
Value co-creation and value capture in digital innovation ecosystems: a multiple case study in the agrifood sector

We use a large episode of trade liberalization in Spain to test a rich set of channels linking trade and markups. The effect of reductions in import tariffs on firm-level and aggregate markups is pro-competitive, but the...Read more...

Giammario Impullitti and Fahad Kazmi

17 August 2026

Journal article
European Economic Review:
Editorial: Europe in a changing world: resilience, industrial policy, and the political economy of fragmentation

The papers collected in this special issue originate from the 2024 Annual Research Conference (ARC 2024), organized by the European Commission?s Joint Research Centre (JRC) in Ispra, Italy, in collaboration with DG ECFIN...Read more...

Gianmarco I. P. Ottaviano

1 August 2026

Journal article
Journal of International Economics:
Endogenous mobility in pandemics: theory and evidence from the United States

We analyze infectious diseases in a general equilibrium model with endogenous mobility, where forward-looking agents weigh disease risks against economic opportunities in cross-regional mobility decisions. This generates...Read more...

Xiao Chen, Hanwei Huang, Jiandong Ju, Ruoyan Sun and Jialiang Zhang

1 August 2026

Journal article
Journal of Environmental Economics and Management:
Trade and the scopes of pollution: evidence from China?s world market integration

Although the environmental impact of trade has been a long-standing concern, there is still scant evidence on the channels through which international market access affects pollution. We exploit the unique episode of Chi...Read more...

Stefano Carattini, Hanwei Huang, Frank Pisch and Tejendra Pratap Singh

1 August 2026

Journal article
Industrial Relations:
Collective bargaining and monopsony: the regulation of noncompete agreements in France

Can collective bargaining mitigate monopsony power? This paper studies the extent to which collective agreements regulating employee noncompete clauses affect firm-level markdowns in French manufacturing. Using a stagger...Read more...

Tito Boeri, Tommaso Crescioli, Andrea Garnero and Lorenzo G. Luisetto

27 July 2026

Journal article
Journal of Industrial Economics:
Asymmetric pass-through and competition

We study the retail price pass-through of four major tax changes in petroleum products using daily pricing data from gas stations on small Greek islands. We find that (i) the pass-through of the tax hikes is five times h...Read more...

Christos Genakos, Yuan Lyu and Mario Pagliero

22 July 2026

Journal article
Journal of Political Economy:
The economic dynamics of city structure: evidence from Hiroshima's recovery

We provide new theory and evidence on the resilience of the internal city structure after a large shock by analyzing the atomic bombing of Hiroshima. Exploiting newly digitized data, we document that the city structure r...Read more...

Kohei Takeda and Atsushi Yamagishi

22 July 2026

Journal article
Regional Science and Urban Economics:
Ports, technology and inter-city trade: the economics and geopolitics of evolving maritime transport networks

Maritime transport remains the backbone of global trade, yet the port and ship- ping network that carries it has been transformed by containerization and related technological advances. Drawing on newly available granula...Read more...

Reka Juhasz, David Krisztian Nagy, Claudia Steinwender and Woan Foong Wong

13 July 2026

Journal article
Regional Science and Urban Economics:
Ports, technology and inter-city trade: The economics and geopolitics of evolving maritime transport networks

Maritime transport remains the backbone of global trade, yet the port and shipping network that carries it has been transformed by containerization and related technological advances. Drawing on newly available granular ...Read more...

Reka Juhasz, David Krisztian Nagy, Claudia Steinwender and Woan Foong Wong

13 July 2026

Journal article
Journal of Labor Economics:
Recidivism and neighborhood institutions: evidence from the rise of the evangelical church in Chile

This paper uses administrative data from Chile to provide causal evidence that the local institutions of the neighborhood in which inmates live after prison impact recidivism. Indeed, the opening of an evangelical church...Read more...

Andres Barrios Fernandez and Jorge Garcia-Hombrados

1 July 2026

Journal article
American Economic Review:
Nobel lecture: The economics of creative destruction

The expression "creative destruction" was coined by Joseph Schumpeter to describe the process whereby new innovations displace old technologies. Schumpeter himself would acknowledge a filiation with Karl Marx, and more p...Read more...

Philippe Aghion

1 July 2026

Journal article
American Economic Journal: Macroeconomics:
Import liberalization as export destruction? Evidence from the United States

In trade models with scale economies import liberalization reduces exports within industries by shrinking real market potential. We find this export destruction mechanism reduced US export growth following the permanent ...Read more...

Holger Breinlich, Elsa Leromain, Dennis Novy and Thomas Sampson

1 July 2026

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