Results

External report

The state of the UK economy 2024

The state of the UK economy is always an important matter, but it is all the more so in what looks likely to be an election year. This UK in a Changing Europe report takes stock of the UK economy in order to assess how i...Read more...

Journal article

Economics of Education Review:

Deregulating teacher labor markets

This paper examines how the removal of national pay scales, a common feature of public sector labor markets, affects productivity. We exploit a reform that compelled all schools in England to replace pay scales with scho...Read more...

CEP discussion paper

Cities, Matching and the Productivity Gains of Agglomeration

The striking geographical concentration of economic activities suggests that there are substantial benefits to agglomeration. However, the nature of those benefits remains unclear. In this paper we take advantage of a ne...Read more...

CEP discussion paper

Aggregate Growth and the Efficiency of Labour Reallocation

We consider the potential importance of labour market efficiency for aggregate growth. The idea is that efficient labour markets move workers more quickly from low to high productivity sites, thereby raising aggregate pr...Read more...

CEP discussion paper

Jobs, Workers and Changes in Earnings Dispersion

The 'fractal' nature of the rise in earnings dispersion is one of its key features and remains a puzzle. In this paper, we offer a new perspective on the causes of changes in earnings dispersion, focusing on the role o...Read more...

CEP discussion paper

Externalities in the Matching of Workers and Firms in Britain

We provide empirical evidence on the nature of spatial externalities in a matching model for the UK. We use a monthly panel of outflows, unemployment and vacancy stocks data from the registers at Jobcentres in the UK; th...Read more...

CEP discussion paper

Unemployment Dynamics, Duration and Equilibrium: Evidence from Britain

This paper challenges the consensus on the nature of unemployment dynamics in Britain. We show that the argument that changes in unemployment arise mostly from changes in the duration of unemployment (rather than in the ...Read more...

CEP discussion paper

The Reallocation of Labour: An International Comparison Using Job Tenure

This paper sets out the issues surrounding the optimal amount of job reallocation. The key factors are the trainability of the workforce, the volatility of demand and the cost of contract termination. The paper uses an i...Read more...

CEP discussion paper

Job Creation and Job Destruction in Great Britain in the 1980s

This paper characterizes the processes of job creation and job destruction (JC&D) in Britain, and provides more 'stylized facts' to hold up against models of JC&D. The analysis is based on data from the Workplace Indus...Read more...

CEP discussion paper

New Technology and Jobs: Comparative Evidence from a Two Country Study

It is widely recognised that one of the greatest economic problems facing developed countries is unemployment. An example of this recognition is the recent reports by the OECD ('The OECD Jobs Study', 1994) on unemploymen...Read more...

CEP discussion paper

The Reallocation of Employment and the Role of Employment Protection Legislation

Output and productivity is affected by the allocation of workers between firms, industries and occupations as well as by total employment. Policy affects the ability of markets to carry out the reallocation of factors, a...Read more...

CEP discussion paper

Where did Europe Fail? A Disaggregate Comparison of Net Job Generation in the USA and Europe

One outstanding macroeconomic feature of the past twenty years is the divergent employment growth of the USA and Europe. This paper investigates this, highlighting the nature of the differences and focusing on the flexib...Read more...

CEP discussion paper

Matching and Unemployment Dynamics in a Model of Competition Between Employed and Unemployed Job Searchers

This paper considers the dynamics of the labour market from a matching perspective, but allows for job search by the employed. In particular, the endogeneity of employed job search is shown to be important and significan...Read more...

CEP discussion paper

Nonlinear Dynamics in a Structural Model of Employment

Search and matching models imply that firms' employment adjustment costs depend on the tightness on the labour market, giving rise to endogenous or nonlinear dynamics in employment. This paper sets this argument out in ...Read more...