Results

Blog

LSE Business Review:

How the Great Recession affected millennial education and careers

In 2025 the proportion of young British people aged 16 to 24 who were not in education, employment or training was at its highest since 2014. How much impact do educational choices made at that age have on future careers...Read more...

Blog

LSE Politics and Policy:

Better unemployment benefits could boost productivity and growth

The UK's job seeker's allowance for those who lose their job is much lower than the OECD average. Aadya Bahl argues that improving unemployment support is key not just for protecting workers but also for unlocking econom...Read more...

Journal article

Industrial and Corporate Change:

More or the same? Radical, disruptive, discontinuous, and breakthrough innovation

This paper addresses the conceptual ambiguity in the literature on exceptional innovations, labeled ?radical,? ?disruptive,? ?breakthrough,? or ?discontinuous.? A bibliometric analysis of 4407 articles shows that differe...Read more...

CEP discussion paper

Gender, careers and peers' gender mix

We use Italian Social Security data to study how the gender composition of a worker's professional network influences their career development. By exploiting variation within firms, occupations, and labor market entry co...Read more...

Journal article

American Economic Journal: Microeconomics:

Technology transfer in global value chains

Global value chains create opportunities for North-South technology diffusion. This paper studies technology transfer in value chains when contracts are incomplete and input production technologies are imperfectly exclud...Read more...

CEP discussion paper

Making the invisible hand visible: managers and the allocation of workers to jobs

Why do managers matter for firm performance? This paper provides evidence of the critical role of managers in matching workers to jobs within the firm using the universe of personnel records from a large multinational fi...Read more...

Journal article

The Economic Journal:

Individual consequences of occupational decline

We assess the career earnings losses that individual Swedish workers suffered when their occupations' employment declined. High-quality data allow us to overcome sorting into declining occupations on various attributes, ...Read more...

Journal article

B.E. Journal of Economic Analysis and Policy:

Charging for higher education: estimating the impact on inequality and student outcomes

Over the last two decades, undergraduate university education in England moved from being state-funded and free for students, to costing all students substantial amounts in tuition fees. In this paper, using detailed adm...Read more...

Journal article

Small Business Economics:

The evolution and adoption of equity crowdfunding: entrepreneur and investor entry into a new market

Equity crowdfunding (ECF) offers entrepreneurs an online social media marketplace where they can access numerous potential investors who, in exchange for an ownership stake, may supply them with finance. In this paper, w...Read more...

CentrePiece article

Higher education funding reforms in England

Reforms in higher education funding, which have taken England from offering free-of-charge, full-time undergraduate studies to being one of the most expensive systems in the OECD, have led to a reduction in the participa...Read more...

Journal article

Quarterly Journal of Economics:

Transparency and deliberation within the FOMC: a computational linguistics approach

How does transparency, a key feature of central bank design, affect monetary policy makers' deliberations? Theory predicts a positive discipline effect and negative conformity effect. We empirically explore these effects...Read more...

CEP discussion paper

Higher education funding reforms: a comprehensive analysis of educational and labour market outcomes in England

This paper investigates the impact of changes in the funding of higher education in England on students? choices and outcomes. Over the last two decades ? through three major reforms in 1998, 2006 and 2012 ? undergraduat...Read more...

CEP discussion paper

Equity crowdfunding and early stage entrepreneurial finance: damaging or disruptive?

Equity crowdfunding (ECF) offers founders of new ventures an online social media marketplace where they can access a large number of investors who, in exchange for an ownership stake, provide finance for business opportu...Read more...

CentrePiece article

In brief... Career opportunities

Students? decisions about their education can be improved by providing them with more information, according to a report by Sandra McNally, which surveys the latest evidence on what advice is on offer and what works. She...Read more...

Journal article

The Economic Journal:

Adjusting your dreams? High school plans and dropout behaviour

At the end of middle school, many low-achieving students realise that they do not have the ability to get into selective high school programmes, which may be a source of disengagement and eventually lead them to drop out...Read more...

CentrePiece article

In brief... What can be done to help low-achieving teenagers?

Young people who drop out of school are far more likely to experience unemployment and poverty than their peers. Experimental research by Eric Maurin and colleagues in deprived neighbourhoods of Paris shows the effective...Read more...

Journal article

Tijdschrift voor Economische en Sociale Geografie, Journal of Economic and Human Geography:

The geography of foreign investments in the EU neighbourhood

This paper aims at investigating the drivers of Multinational Enterprise (MNE) investment in countries linked to the `core? of the European Union (EU 15) by different degrees of functional, economic and political integra...Read more...

Journal article

The Review of Economics and Statistics:

Survive another day: using changes in the composition of investments to measure the cost of credit constraints

We introduce a novel empirical strategy to measure the size of credit shocks. Theoretically, we show that credit shocks reduce the value of long-term relative to short-term investments. Empirically, we can therefore comp...Read more...

CEP discussion paper

All-star or benchwarmer? Relative age, cohort size and career success in the NHL

We analyze the performance outcomes of National Hockey League (NHL) players over 18 seasons (1990-1991 to 2007-2008) as a function of the demographic conditions into which they were born. We have three main findings. Fir...Read more...

CentrePiece article

The dilemma of central bank transparency

If central banks publish the transcripts of their internal policy debates, will discussions be enhanced or inhibited? Michael McMahon and colleagues use tools from computational linguistics to analyse the positive and ne...Read more...

CEP discussion paper

Transparency and deliberation within the FOMC: a computational linguistics approach

How does transparency, a key feature of central bank design, affect the deliberation of monetary policymakers? We exploit a natural experiment in the Federal Open Market Committee in 1993 together with computational ling...Read more...

SERC/Urban and Spatial Programme Discussion Paper

Urban Escalators and Inter-regional Elevators: The Difference that Location, Mobility and Sectoral Specialisation make to Occupational Progression

This paper uses evidence from the (British) Longitudinal Study to examine the influence on occupational advancement of the city-region of residence (an escalator effect) and of relocation between city-regions (an elevato...Read more...

SERC/Urban and Spatial Programme Discussion Paper

How Far Do England?s Second-Order Cities Emulate London as Human-Capital `Escalators??

In the urban resurgence accompanying the growth of the knowledge economy, second-order cities appear to be losing out to the principal city, especially where the latter is much larger and benefits from substantially grea...Read more...

CEP discussion paper

Survive Another Day: Using Changes in the Composition of Investments to Measure the Cost of Credit Constraints

We introduce a novel empirical strategy to measure credit shocks. Theoretically, we show that credit shocks reduce the value of long term investments relative to short term ones. Under the (conservative) assumption that ...Read more...

Journal article

The Quarterly Journal of Economics:

Does management matter? Evidence from India

A long-standing question is whether differences in management practices across firms can explain differences in productivity, especially in developing countries where these spreads appear particularly large. To investiga...Read more...

CentrePiece article

In brief... Two cheers for Anglo-Saxon financial markets?

We find that institutional ownership in publicly traded companies is associated with more innovation (measured by cite-weighted patents). To explore the mechanism through which this link arises, we build a model that nes...Read more...

CEP discussion paper

Does Management Matter? Evidence from India

A long-standing question in social science is to what extent differences in management cause differences in firm performance. To investigate this we ran a management field experiment on large Indian textile firms. We pro...Read more...

CEP discussion paper

Innovation and institutional ownership

We find that institutional ownership in publicly traded companies is associated with more innovation (measured by cite-weighted patents). To explore the mechanism through which this link arises, we build a model that nes...Read more...

CEP discussion paper

The Early Career Gender Wage Gap

In Finland the gender wage gap increases significantly during the first 10 years after labor market entry accounting most of the life-time increase in the gender wage gap. This paper focuses on the early career gender wa...Read more...

CEP discussion paper

Publicity of Debate and the Incentive to Dissent: Evidence from the US Federal Reserve

When central banks are transparent about their decision making, there may be clear benefits in terms of credibility, policy effectiveness, and improved democratic accountability. While recent literature has focused on al...Read more...