Results

CentrePiece article

Spending public money to create happier lives

Choosing policies that most improve wellbeing would radically change government priorities. David Frayman, Christian Krekel, Richard Layard, Sara MacLennan and Isaac Parkes explain the science behind the new approach....Read more...

CEP report

Value for money: How to improve wellbeing and reduce misery

The government spends billions on our behalf. How do we want this money to be spent? This report reviews a range of policies and asks the fundamental question which should be asked of every policy: Does it deliver value ...Read more...

CEP discussion paper

Paternity leave and child development

We study the effect of paternity leave on early child development. We collect survey data on 5,000 children under age six in Spain and exploit several extensions of paternity leave that took place between 2017 and 2021. ...Read more...

Blog

LSE British Politics and Policy:

How the scars of past wars continue to shape UK society

Edward Pinchbeck, Felipe Carozzi and Luca Repetto discuss new research exploring how memory of losses from war affects communities and shapes social values. Their findings suggest the impact can reverberate through gener...Read more...

Journal article

Journal of Human Resources:

Parental education and the responses to higher SAT scores

Using discontinuities within the Swedish SAT system, we study the causal impact of additional admission opportunities on participation in higher education among high-ability students. Students with low-educated parents w...Read more...

Chapter

Social prevention of crime: alternatives to policing measures in an urban context

in A Modern Guide to Economics of Crime

In this chapter we review the existing literature in economics related to crime prevention policies beyond police efforts. First, we highlight the ongoing and notable debate over the possible public policies to follow fo...Read more...

Journal article

Energy for Sustainable Development :

Assessing reliability of electricity grid services from space: the case of Uttar Pradesh, India

While most households around the world have access to electricity, the number of hours per day when the grid supplies them with adequate voltage can be low. Improving the reliability of electricity is crucial to make pro...Read more...

Journal article

Management Science:

Stars and brokers: knowledge spillovers among medical scientists

This paper estimates the heterogeneity in peer effects among research scientists in terms of network position. I propose a new measure, brokerage degree, that determines the extent to which a scientist depends on a coaut...Read more...

Journal article

The Lancet Public Health :

Policy stringency and mental health during the Covid-19 pandemic: a longitudinal analysis of data from 15 countries

To date, public health policies implemented during the COVID-19 pandemic have been evaluated on the basis of their ability to reduce transmission and minimise economic harm. We aimed to assess the association between COV...Read more...

Journal article

Journal of Economic Behavior and Organization:

Born in the family: preferences for boys and the gender gap in math

We study the effect of preferences for boys on the performance in mathematics of girls, using evidence from two different data sources. In our first set of results, we identify families with a preference for boys by usin...Read more...

CEP discussion paper

Family background and the responses to higher SAT scores

Using discontinuities within the Swedish SAT system, we show that additional admission opportunities causally affect college choices. Students with high-educated parents change timing, colleges, and fields in ways that a...Read more...

Journal article

Journal of Urban Economics:

Why does birthplace matter so much?

We consider the link between birthplace and wages. Using a unique panel dataset, we estimate a raw elasticity of wages with respect to birthplace size of 4.2%, two thirds of the 6.8% raw elasticity with respect to city s...Read more...

CentrePiece article

Misery and mental health

Mental illness is a far bigger source of human misery than poverty or unemployment, according to research by Sarah Fleche and Richard Layard. They argue that we need to move beyond a purely materialistic conception of mi...Read more...

CEP discussion paper

Vertical transmission of overweight: evidence from English adoptees

We examine the vertical transmission of overweight drawing upon a sample of English children, both adopted and non-adopted, and their families. Our results suggest strong evidence of an intergenerational association of o...Read more...

CEP discussion paper

Pushing on a string: US monetary policy is less powerful in recessions

We estimate the impulse response of key US macro series to the monetary policy shocks identified by Romer and Romer (2004), allowing the response to depend flexibly on the state of the business cycle. We find strong evid...Read more...

CEP discussion paper

Bank Bailouts, International Linkages and Cooperation

Financial institutions are increasingly linked internationally. As a result, financial crisis and government intervention have stronger effects beyond borders. We provide a model of international contagion allowing for b...Read more...

CEP discussion paper

Monetary Policy Rules and Foreign Currency Positions

Using an endogenous portfolio choice model, this paper examines how different monetary policy regimes can lead to different foreign currency positions by changing the cyclical properties of the nominal exchange rate. We ...Read more...

CEP discussion paper

Crisis? What Crisis? Currency vs. Banking in the Financial Crisis of 1931

This paper examines the role of currency and banking in the German financial crisis of 1931 for both Germany and the U.S. We specify a structural dynamic factor model to identify financial and monetary factors separately...Read more...

CEP discussion paper

Unemployment Insurance and Cultural Transmission: Theory and Application to European Unemployment

This paper emphasizes the two-way causality between the provision of unemployment insurance and the cultural transmission of work ethic. Values affect the size of the moral-hazard problem and, hence, the policy to be imp...Read more...