Results

CentrePiece article

Cultural exception?

Why book publishing contradicts conventional wisdom about competition....Read more...

Blog

LSE Europp:

Cultural exception? Why regulating the book market contradicts conventional wisdom about competition

Fixing retail book prices is a common policy in Europe, but how does preventing competition affect booksellers and buyers? Christos Genakos, Lorien Sabatino and Tommaso Valletti find that when the ability to offer custom...Read more...

CEP discussion paper

Cultural exception? The impact of price regulation on prices and variety in the market for books

Fixed book price (FBP) agreements are a form of resale price maintenance applied to books in various countries. FBP restricts retail price competition with the aim of promoting book production variety. Yet, despite its p...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...

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...

Journal article

Journal of the European Economic Association :

Formation of College Plans: Expected Returns, Preferences and Adjustment Process

We exploit a large exogenous shock to study the formation, and updating, of educational plans, and to examine how these plans ultimately impact later educational attainment. Using novel, longitudinal, microdata on cohort...Read more...

Journal article

The Economic Journal:

Immigration, Female Labour Supply and Local Cultural Norms

We study the local evolution of female labour supply and cultural norms in West Germany in reaction to the sudden presence of East Germans who migrated to the West after reunification. These migrants grew up with high ra...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...

Journal article

Energy for Sustainable Development : Forthcoming

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

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

Immigrant inventors and diversity in the age of mass migration

A possible unintended but damaging consequence of anti-immigrant rhetoric, and the policies it inspires, is that they may put high-skilled immigrants off more than low-skilled ones at times when countries and businesses ...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...

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

Immigration, diversity and the labour market outcomes of native workers: some recent developments

This brief essay provides a selective discussion of how in recent years economists in the neoclassical tradition have addressed the questions whether and how immigration affects native workers’ labour market outcomes. In...Read more...

SERC/Urban and Spatial Programme Discussion Paper

Cultural Diversity, Cities and Innovation: firm Effects or City Effects?

Growing cultural diversity is seen as important for innovation. Research has focused on two potential mechanisms: a firm effect, with diversity at the firm level improving knowledge sourcing or ideas generation, and a ci...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...

SERC/Urban and Spatial Programme Discussion Paper

Top Team Demographics, Innovation and Business Performance: Findings from English Firms and Cities 2008-9

High levels of net migration to the UK have contributed to growing cultural diversity, and researchers are turning their attention to the long-term effects of diversity on productivity. Yet little is known about these is...Read more...

SERC/Urban and Spatial Programme Discussion Paper

Ethnic Inventors, Diversity and Innovation in the UK: Evidence from Patents Microdata

Ethnic inventors play important roles in US innovation systems, especially in high-tech regions like Silicon Valley. Do ‘ethnicity-innovation’ channels exist elsewhere? This paper investigates, using a new panel of UK pa...Read more...

SERC/Urban and Spatial Programme Discussion Paper

Does Cultural Diversity Help Innovation in Cities: Evidence from London Firms

London is one of the world’s major cities, and one of its most diverse. London’s cultural diversity is widely seen as a social asset, but there is little hard evidence on its importance for the city’s businesses. Theory ...Read more...

SERC/Urban and Spatial Programme Discussion Paper

The Economics of Super-Diversity: Findings from British Cities, 2001-2006

British cities have a surprisingly long history of cultural diversity. Recently they have become significantly more multicultural, with ‘super-diversity’ emerging in many urban neighbourhoods. Public interest in these ch...Read more...

SERC/Urban and Spatial Programme Discussion Paper

The Long Term Impacts of Migration in British Cities: Diversity, Wages, Employment and Prices

British cities are becoming more culturally diverse, with migration a main driver. Is this growing diversity good for urban economies? This paper explores, using a new 16-year panel of UK cities. Over time, net migration...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...

CEP discussion paper

Matching Demand and Supply in a Weightless Economy: Market-Driven Creativity With and Without IPRs

Many cultural products have the same nonrival nature as scientific knowledge. They therefore face identical difficulties in creation and dissemination. One traditional view says market failure is endemic: societies toler...Read more...