Results

CEP discussion paper

Universities, new tasks, and the rise of services

Structural transformation from manufacturing to services varies sharply across US regions. We document that regions with universities, especially highly ranked research institutions, experience faster growth in high-skil...Read more...

CEP discussion paper

Returns to green tasks in Europe: evidence from online job vacancies

There is growing evidence that green jobs have higher skill requirements, but whether they offer sufficient wage incentives to encourage workers to acquire those skills remains unclear. We study the green wage premium an...Read more...

Journal article

Journal of Human Resources:

Fiscal and education spillovers from charter school expansion

Do charter schools drain resources and high-achieving peers from noncharter schools? We provide new evidence on the fiscal and educational consequences of charter expansion for noncharter students in Massachusetts, which...Read more...

Journal article

Economics of Education: An Introductory Textbook:

Gender gaps in education

International data stubbornly show that boys perform worse than girls in school and that women continue to be under-represented in university and professional careers related to STEM disciplines (Science, Technology, Eng...Read more...

CEP discussion paper

Capital-skill complementarity in firms and in the aggregate economy

We study capital-skill complementarity in a multi-sector framework featuring firm-specific, multi-factor production functions. We characterize the elasticity of the skill premium to the price of capital equipment in term...Read more...

Blog

LSE Business Review:

Education makes women, not men, more likely to have children

Given the wide-ranging consequences of declining fertility rates, academics and policymakers around the world are increasingly interested in understanding what influences men's and women's decision to start a family. Han...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...

CentrePiece article

How climate change concerns affect voters

The effects of climate change have become far more noticeable in recent years, with abnormally high temperatures recorded across the world. Maria Cotofan, Karlygash Kuralbayeva and Konstantinos Matakos examine how spikes...Read more...

CEP discussion paper

Trade, skills and productivity

We examine how firms adjust their production and technology in response to exogenous trade shocks. We develop a model in which revenue TFP can be distinguished from quantity TFP, and where skill upgrading is explicitly e...Read more...

CEP discussion paper

Global warming cools voters down: how climate concerns affect policy preferences

This study examines how regional temperature variations across OECD countries influence political behavior and support for offset policies. Our analysis reveals that exposure to higher temperatures correlates with politi...Read more...

Journal article

Journal of Public Economics:

Powers that be? Political alignment, government formation, and government stability

We study how partisan alignment across levels of government affects coalition formation and government stability using a regression discontinuity design and a large dataset of Spanish municipal elections. We document a p...Read more...

Blog

Vox EU:

Tracking the skills behind the AI boom: Evidence from 14 OECD countries

As artificial intelligence rapidly reshapes economies and societies, companies are seeking professionals with AI-related skills. This column uses data from online job postings to explore changes in the demand for these p...Read more...

CEP discussion paper

Firm-level technological change and skill demand

We quantify the contribution of firm-level technological change to skill demand and aggregate inequality in the presence of imperfect competition in the labor market. We show that skill-biased technological change increa...Read more...

Journal article

Journal of Population Economics:

In medio stat victus: labor demand effects of an increase in the retirement age

After falling for four decades, statutory retirement ages are increasing in most OECD countries. The labor market adjustment to these reforms has not yet been thoroughly investigated by the literature. We draw on a major...Read more...

Journal article

Early Childhood Research Quarterly:

The when and what of measuring ECE quality: analysis of variation in the Classroom Assessment Scoring System (CLASS) across the ECE day

Observational assessment has become an integral component of the quality improvement agenda in Early Care and Education (ECE) and has been significant in directing attention to quality of interactions within the ECE sett...Read more...

CEP discussion paper

The innovation premium to soft skills in low-skilled occupations

Matched employee-employer data from the UK are used to analyze the wage premium to working in an innovative firm. We find that firms that are more R&D intensive pay higher wages on average, and this is particularly true ...Read more...

CEP discussion paper

Understanding day care enrolment gaps

We document day care enrolment gaps by family background in a country with a universal day care system (Germany). Research demonstrates that children of less educated or foreign-born parents can benefit the most from day...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...

CEP discussion paper

The productivity slowdown and the declining labor share: a neoclassical exploration

We explore the possibility that a global productivity slowdown is responsible for the widespread decline in the labor share of national income. In a neoclassical growth model with endogenous human capital accumulation a ...Read more...

Journal article

Journal of Economic Behavior and Organization:

The back-scratching game

We develop a new experiment to study the emergence of welfare-reducing bilateral alliances within larger groups, and the effectiveness of institutional interventions to curtail `back-scratching?. In each of the 25 rounds...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...

Journal article

American Economic Review:

Balanced growth despite uzawa

The evidence for the United States points to balanced growth despite falling investment-good prices and a less-than-unitary elasticity of substitution between capital and labor. This is inconsistent with the Uzawa Growth...Read more...

Journal article

Journal of Urban Economics:

Sorting and agglomeration economies in French economics departments

Are agglomeration and peer effects at stake in academic research? To tackle this question, we study how departments? characteristics affect the quantity and quality of academics? publications in economics in France, cont...Read more...

CEP discussion paper

Rethinking deindustrialization

Manufacturing in high-income countries is on the decline and Denmark is no exception. Manufacturing employment and the number of firms have been shrinking as a share of the total and in absolute levels. This paper uses a...Read more...

CEP discussion paper

Balanced growth despite Uzawa

Evidence for the United States suggests balanced growth despite falling investment-good prices and less than unitary elasticity of substitution between capital and labor. This is inconsistent with the Uzawa Growth Theore...Read more...

CEP discussion paper

Locus of control and its intergenerational implications for early childhood skill formation

We propose a model in which parents have a subjective belief about the impact of their investment on the early skill formation of their children. This subjective belief is determined in part by locus of control (LOC), i....Read more...

Journal article

Review of Economics and Statistics:

Has ICT polarized skill demand? Evidence from eleven countries over twenty-five years

We test the hypothesis that information and communication technologies (ICT) polarize labor markets by increasing demand for the highly educated at the expense of the middle educated, with little effect on low-educated w...Read more...

CEP discussion paper

The political economy of inclusive rural growth

Abstract Commentators on the `East Asian Miracle' of inclusive growth have often pointed toward shared rural growth policies. But why were these policies not chosen elsewhere? This paper models voters who invest in eithe...Read more...

CEP discussion paper

A question of degree: The effects of degree class on labor market outcomes

How does measured performance at university affect labor market outcomes? We show that degree class - a coarse measure of student performance used in the UK - causally affects graduates' industry and hence expected wages...Read more...

CEP discussion paper

Policy Design in a Model with Swings in Risk Appetite

This paper studies the policy implications of habits and cyclical changes in agents' appetite for risk-taking. To do so, it analyses the non-linear solution of a New Keynesian (NK) model, in which slow-moving habits help...Read more...

SERC/Urban and Spatial Programme Discussion Paper

Politics in Coalition Formation of Local Governments

We analyze empirically the coalition formation of local governments using a novel reduced form econometric procedure that allows for multi-partner mergers. Using Finnish municipal merger data where mergers were decided i...Read more...

CEP discussion paper

Assignment Reversals: Trade, Skill Allocation and Wage Inequality

Understanding the allocation of skilled labor across industries is necessary to explain inter-industry wage differences and the effect of trade on wages. This paper develops a multi-sector assignment model with both hete...Read more...

CentrePiece article

Team performance and the optimal spread of talent

Alex Bryson and colleagues use US baseball data to investigate whether performance suffers if there is too wide a gap between the skills of a team's stars and the rest....Read more...

CEP discussion paper

Import Competition from and Outsourcing to China: A Curse or Blessing for Firms?

We use Belgian manufacturing firm-level data over the period 1996- 2007 to analyze the impact of imports from different origins on firm growth, exit, and skill upgrading. For this purpose we use both industry-level and f...Read more...

CEP discussion paper

Is the WTO Article XXIV Bad?

This paper shows that the WTO's Article XXIV increases the likelihood of free trade, but may worsen world welfare when free trade is not reached and customs unions (CUs) form. We consider a model of many countries. Artic...Read more...

CEP discussion paper

Heterogeneous Worker Ability and Team-Based Production: Evidence from Major League Baseball, 1920-2009

A detailed longitudinal dataset is assembled containing annual performance and biographical data for every player over the entire history of professional major league baseball. The data are then aggregated to the team le...Read more...

CEP discussion paper

The Growth of Extended 'Entry Tournaments' and the Decline of Institutionalised Occupational Labour Markets in Britain

In recent years, British labour markets have been characterised by a decline of institutional regulation of entry routes into many occupations and internal labour markets. This paper examines this change by comparing occ...Read more...

CEP discussion paper

Has ICT Polarized Skill Demand? Evidence from Eleven Countries over 25 Years

OECD labor markets have become more ?polarized? with employment in the middle of the skill distribution falling relative to the top and (in recent years) also the bottom of the skill distribution. We test the hypothesis ...Read more...

CEP discussion paper

Networks in the Premodern Economy: the Market for London Apprenticeships, 1600-1749

This paper examines the importance of social and geographical networks in structuring entry into skilled occupations in premodern London. Using newly digitised records of those beginning an apprenticeship in London betwe...Read more...

CEP discussion paper

Trade, Technology Adoption and Wage Inequalities: Theory and Evidence

This paper develops a model of trade that features heterogeneous firms, technology choice and different types of skilled labor in a general equilibrium framework. Its main contribution is to explain the impact of trade i...Read more...

Manpower Human Resource Lab paper

Overqualification, Job Dissatisfaction and Increasing Dispersion in the Returns to Graduate Education

Increasing dispersion in the returns to graduate education is found, using quantile regression. This trend is related to rising overqualification. We distinguish between and validate measures of ?Real? and ?Formal? overq...Read more...

Manpower Human Resource Lab paper

Leeway for the Loyal: A Model of Employee Discretion

This paper examines the factors underlying task discretion from an economist?s perspective. It argues that the key axis for understanding discretion is the trade-off between the positive effects of discretion on potentia...Read more...

CEP discussion paper

The Effect of Trade on the Demand for Skill - Evidence from the Interstate Highway System

Since changes in trade openness are typically confounded with other factors, it has been difficult to identify the labor market consequences of increased international trade. The advent of the United States Interstate Hi...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

Product Market Competition Returns to Skill and Wage Inequality

This paper shows that increasing product market competition can have a direct impact on the employment relationship and on wage inequality. I develop a simple model in which an increase in product market competition incr...Read more...

CEP discussion paper

The Self Selection of Migrant Workers Revisited

Work of low-skilled migrant workers from developing countries in developed economies is a growing phenomenon and a key political and economic issue. An extensive literature has found (for the most part) that these worker...Read more...