Results

CEP discussion paper

Management and firm dynamism

We show better-managed firms are more dynamic in plant acquisitions, disposals, openings and closings in U.S. Census and international data. Better-managed firms also birth better-managed plants and improve the performan...Read more...

Blog

Vox EU:

How an oil price crash sparked clean innovation: Insights from Norway

The transition to clean energy will require a significant reallocation of technological investments away from fossil energy sources towards cleaner alternatives. This column investigates whether leveraging the technologi...Read more...

Journal article

Journal of International Economics: Forthcoming

Technical change, jobs, and wages in the global economy

This paper presents a compact and intuitive framework that consolidates, simplifies, and extends results on the links between technology, trade, and labour market outcomes. It makes three main contributions. First, it pr...Read more...

Blog

LSE Politics and Policy:

AI for Good - impact through ethical technology

Artificial Intelligence is set to change our lives, but there are many doubts about whether this will be for the better. By looking at a case of non-surveillance application of AI used to help with crowd management, Tom ...Read more...

Blog

LSE:

How crowd crush prevention technology could keep us safe at events (video)

In this film, we explore how cutting-edge artificial intelligence is being developed to assist event security and police forces in managing public safety at large-scale gatherings. We speak with Professor Tom Kirchmaier ...Read more...

CEP report

Innovation through crises in the 2020s: survey evidence on digital, AI and net zero innovation in UK firms

In this policy brief, we present new data from a survey of 373 UK firms conducted in May 2024 in partnership with the Confederation of British Industry (CBI). This is a follow-up to our two earlier surveys which revealed...Read more...

Journal article

American Economic Review:

Fighting Climate Change: International Attitudes toward Climate Policies

This paper explores global perceptions and understanding of climate change and policies, examining factors that influence support for climate action and the impact of different types of information. We conduct large-scal...Read more...

Journal article

The Economic Journal: Forthcoming

Employer Screening and Optimal Unemployment Insurance

Field experiments show that employers are less likely to consider long-term unemployed job-seekers for interviews. We study the implications for optimal unemployment insurance (UI). Based on a structural model of job sea...Read more...

Blog

Bruegel:

Pitfalls to avoid as the EU ramps up defence investment

The European Union's push to rearm in the face of growing external threats and the increasing disengagement of the United States has, so far, been primarily a push to spend more on defence and to find ways to facilitate ...Read more...

Journal article

LSE Public Policy Review:

Explaining Variation in Child Penalties: The Role of Gender Norms and Policies

This paper contributes to understanding global variation in child and marriage penalties by focusing on the role of patriarchal control, gender norms, and public policies. We introduce a new measure of gender norms, the ...Read more...

Submission to a parliamentary inquiry and government consultation

Education committee - Further education and skills

The further education sector is currently navigating a series of reforms and challenges. In this inquiry the Education Committee will explore these issues and other pressures currently facing the further education sector...Read more...

Blog

Vox EU:

Income, wealth, and environmental inequality in the US

Economic disparities have long been suspected to be a root cause of environmental inequality. But is this really the case? This column links data on income and wealth with data on air pollution exposure over 40 years to ...Read more...

Blog

Vox EU:

The price of power: Why rising markups hurt innovation and widen inequality

Over the past four decades, the US has seen rising market power, slowing productivity growth, and deepening wealth inequality. This column explores how declining competition may be the common culprit. Weak competition le...Read more...

Journal article

Climate Policy:

Policing carbon markets

Carbon markets have emerged in recent decades as one of the most important tools for curbing industrial greenhouse gas emissions, but they present a number of novel enforcement challenges as compared to more conventional...Read more...

Journal article

American Economic Review: Insights:

Induced Innovation, Inventors, and the Energy Transition

We study how individual inventors respond to incentives to work on “clean” electricity technologies. Using natural gas price variation, we estimate output and entry elasticities of inventors and measure the medium-term i...Read more...

Journal article

Journal of Human Resources :

Where versus what: college value-added and returns to field of study in further education

We use administrative records on educational and labor market trajectories to estimate the value-added of English further education colleges in terms of educational and labor market outcomes and earnings returns to diffe...Read more...

Journal article

Journal of Applied Econometrics: Forthcoming

Unlocking New Methods to Estimate Country-specific Trade Costs and Trade Elasticities

We propose new methods to identify the full impact of country-specific characteristics on bilateral trade flows within the framework of ‘the new quantitative trade model.’ We complement theory with a simple two-stage est...Read more...

CEP discussion paper

Firm climate investment: A glass half-full

We analyse the importance of climate-related investment using a large economy-wide survey of UK firms. Over half of firms expect climate change to have a positive impact on their investment in the medium term, with aroun...Read more...

CentrePiece article

in brief... Do try this at work: the AI chatbot that can interview at scale

Large language models can conduct interviews at speed and at scale. Friedrich Geiecke and Xavier Jaravel present a new open source platform to support this innovative form of qualitative research....Read more...

CentrePiece article

How China’s rise has shaped innovation and exit among European solar firms

Should policymakers protect European firms by restricting imports of solar technology from China? Pia Andres finds that Chinese competition has resulted in many European firms going out of business, but it has also promp...Read more...

CentrePiece article

Property rights empower women inventors

Breakthrough innovations occurred when women obtained the right to reap economic rewards from their inventions. Ruveyda Nur Gozen shows how such inclusive policies are a critical driver of economic growth....Read more...

Journal article

Journal of the European Economic Association:

Labor Unions and the Electoral Consequences of Trade Liberalization

We show that the Brazilian trade liberalization in the early 1990s led to a permanent relative decline in the vote share of left-wing presidential candidates in the regions more affected by the tariff cuts. This happened...Read more...

Blog

Vox EU:

Technology spillovers, diffusion, and rivalry in firm networks

Quantifying technology adoption, spillovers, and diffusion across firms is crucial for understanding industry dynamics, and in turn countries' growth. This column combines firm-level input-output VAT data from Turkey wit...Read more...

Journal article

The Economic Journal: Forthcoming

Judge Dread: Court severity, repossession risk and demand in mortgage and housing markets

We study the impact of borrower protection on mortgage and housing demand using variation in the likelihood that houses are repossessed coming from heterogeneity in preferences of local judges. We develop a framework tha...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...

Journal article

International Journal of Microsimulation:

Social Distress and (Some) Relief: Estimating the Impact of Pandemic Job Loss on Poverty in South Africa

Up-to-date, nationally representative household income/expenditure data are crucial for estimating poverty during the Covid-19 pandemic and to policy-making more broadly, but many developing countries lack such data. We ...Read more...

Blog

Vox EU:

What impact have trade sanctions had on Russia? (Podcast)

Recorded at the CEPR Paris Symposium. How effective have the trade sanctions imposed on Russia in 2022 been? Politically, they were comprehensive and quick. But anecdotal reporting has suggested that Russian firms that w...Read more...

Blog

Project Syndicate:

What AI Means for Growth and Jobs

While many commentators warn that AI will undermine employment and offer only modest productivity gains, empirical studies continue to suggest otherwise. With the right policies in place, the technology holds immense pot...Read more...

Journal article

Parliamentary Affairs :

Activation and co-optation: The strategic adoption of compulsory voting in Western Europe

Why was compulsory voting (CV) adopted in a moment when the Left was mobilized and enfranchisement was extended? We answer this apparent paradox by developing an argument explaining that making voting mandatory, in fact,...Read more...

Blog

Vox EU:

Redirecting AI: Privacy regulation and the future of artificial intelligence

Some artificial intelligence technologies are more data intensive than others. This column examines how data privacy regulation shaped the trajectory of AI innovation across countries, looking at patent applications from...Read more...

Journal article

Journal of Economic Perspectives:

A Practical Guide to Shift-Share Instruments

A recent econometric literature shows two distinct paths for identification with shift-share instruments, leveraging either many exogenous shifts or exogenous shares. We present the core logic of both paths and practical...Read more...

Journal article

American Economic Journal: Economic Policy: Forthcoming

The Making of Civic Virtues: A School-Based Experiment in Three Countries

This paper shows that schools can foster the transmission of civic virtues by helping students to develop concrete, democratically chosen, collective projects. We draw on a RCT implemented in 200 middle schools in three ...Read more...

Journal article

American Economic Journal: Applied Economics:

Do Carbon Offsets Offset Carbon?

We develop and implement a new method for identifying wasted subsidies and use it to provide systematic evidence of the misallocation of carbon offsets in the Clean Development Mechanism - the world's largest carbon offs...Read more...

Journal article

American Economic Review:

Five Facts about MPCs: Evidence from a Randomized Experiment

We present five facts from an experiment on the marginal propensity to consume (MPC) out of transitory transfers: (1) the one-month MPC on a cash-like transfer is 23 percent; (2) it is substantially higher (61 percent) o...Read more...

Chapter

New technologies and evolving market structures

in Handbook on Labour Markets in Transition

This Chapter investigates the relationship between technological changes, labour market frictions, and firms' labour market power. We provide guidance through the main trends that characterised labour markets during the ...Read more...

CEP discussion paper

The perfect match: Assortative matching in mergers and acquisitions

We interpret M&A deals in Western Europe during the 2010s as the equilibrium of a matching model. Merger surplus arises from complementarities between multiple firm pre-merger characteristics. Large, productive firms pre...Read more...

CEP report

The green industrial policy matrix: Informing an industrial strategy for clean energy technologies

This paper presents new evidence to inform industrial strategy prioritisation of clean energy technologies in the UK. It focuses on seven technology categories relevant for reducing emissions across power, heat and indus...Read more...

Journal article

Oxford Review of Economic Policy:

Ethnic minority and migrant pay gaps over the life-cycle

It is well-known that ethnic minority and migrant workers have lower average pay than the White UK-born workforce. However, we know much less about how these gaps vary over the life-cycle because of data limitations. We ...Read more...

Blog

Vox EU:

Firm climate investment: A glass half-full

The transition to a green economy will require large investments by firms. This column uses new survey data to study the importance of climate-related investment for UK firms. Over half of firms expect climate change to ...Read more...

Journal article

The Economic Journal:

Globalization and Conflicts: the Good, the Bad, and the Ugly of Corporations in Africa

Using a novel georeferenced datataset on the affiliates and headquarters of multinational enterprises between 2007 and 2018 together with georeferenced conflict data for the African continent, this work establishes a cau...Read more...

Blog

Imperial College Business School:

What's holding back the green transition?

New research from Imperial College Business School reveals what's stopping businesses from taking action to protect our overheated planet....Read more...

CEP discussion paper

Transitional costs and the decline in coal: Worker-level evidence

The outside options available to workers critically determine the transitional costs of labor demand shocks. Using comprehensive administrative data, we examine the worker-level effects of the decline of coal - a regiona...Read more...

Blog

LSE Business Review:

Britain needs nerds

Science, technological, mathematical and engineering (STEM) skills have been crucial to economic growth in the UK in the past, but how important are they to the adoption of the latest digital technologies such as AI? Mir...Read more...

CEP discussion paper

Job displacement, remarriage and marital sorting

We investigate how job displacement affects whom men marry and study implications for marriage market matching theory. Leveraging quasi-experimental variation from Danish establishment closures, we show that job displace...Read more...

Blog

Vox EU:

Distance from innovation is a barrier to the adoption of artificial intelligence

While distance may seem unimportant in the face of technological progress in transportation and communication, several studies have found that distance is a barrier to the diffusion of inventive activity and technology a...Read more...

Blog

LSE Business Review:

Voluntary carbon markets are helpful but far from perfect

Voluntary carbon markets are an important tool in the fight against climate change, but several issues make them less effective. Carbon offsets often overstate emissions reductions, and firms use these as a cheaper alter...Read more...

CentrePiece article

in brief... Designing carbon markets that deliver change

Ever since the European Union created its market-based carbon policy, governments and businesses have been keen to assess its impact. Jonathan Colmer, Ralf Martin, Mirabelle Muûls and Ulrich Wagner explain why analysing ...Read more...

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...

Blog

LSE EUROPP:

How China's rise has shaped innovation and exit among Europe's solar firms

Should the EU protect European firms by restricting imports of solar technology from China? Drawing on new research, Pia Andres finds that Chinese competition has resulted in many European firms going out of business, bu...Read more...

Blog

Promarket:

Does Domestic Competition Help EU Firms Compete Abroad?

In a survey of nearly 400 European firms that export abroad, Elena Argentesi, Livia De Simone, Stephan Paetz, Vincenzo Scrutinio find that most firms believe that competition forces them to produce cheaper and higher qua...Read more...

CEP discussion paper

The new wave? The role of human capital and STEM skills in technology adoption in the UK

Which types of human capital influence the adoption of advanced technologies? We study the skill biased adoption of information and communication technologies (ICT) across two waves in the UK. Specifically, we compare th...Read more...

CEP discussion paper

Why do flexible work arrangements exist?

This paper studies flexible work arrangements, with a focus on zero-hours contracts (ZHCs). Leveraging a unique dataset from a large UK firm in the low-pay sector, it provides novel descriptives on ZHC workers, as well a...Read more...

Journal article

American Economic Journal: Macroeconomics:

International Friends and Enemies

We examine whether, as countries become more economically dependent on a trade partner, they realign politically toward that trade partner. We use network measures of economic exposure to foreign productivity growth deri...Read more...

CEP discussion paper

Is distance from innovation a barrier to the adoption of artificial intelligence

Using our own data on artificial intelligence publications merged with Burning Glass vacancy data for 2007-2019, we investigate whether online vacancies for jobs requiring AI skills grow more slowly in US locations farth...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...

Blog

Vox EU:

Global environmental cooperation and innovation

In the ongoing debate on climate change, one of the most pressing challenges is fostering effective international cooperation. This column examines the success of the 1987 'Montreal Protocol' in phasing out harmful chlor...Read more...

Blog

IMF Finance and Development magazine:

A fivefold increase in remote work since the pandemic could boost economic growth and bring wider benefits

Economics is famous for being the dismal science. Sadly, recent work highlighting the slowdown in productivity growth stretching back to the 1950s is no exception. But here Nicholas Bloom takes a more cheerful view becau...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...

Journal article

Journal of Economic Literature:

Temporary Employment in Markets with Frictions

Temporary employment has spiked in OECD countries over the last 40 years and is now a common feature of their labor market landscape. A large body of empirical literature examines the spread of temporary employment, but ...Read more...

Journal article

Journal of the Association of Environmental and Resource Economists,:

Management Practices and Climate Policy in China

We investigate how management quality moderates the impact of carbon pricing on Chinese firms. Based on interviews with managers and lead engineers at manufacturing firms in Hubei and Beijing, we construct a novel index ...Read more...

Journal article

Journal of Urban Economics:

Cities and the sea level

Construction on low elevation coastal zones is risky for both residents and taxpayers who bail them out. To investigate this construction, we analyze spatially disaggregated data covering the entire US Atlantic and Gulf ...Read more...

Chapter

Individual wellbeing and cortisol

in Encyclopedia of Happiness, Quality of Life and Subjective Wellbeing

The variety and the number of ways of measuring individual wellbeing has increased over the past two decades. In addition to all self-reported measures, researchers also consider a wide variety of objectively-measured in...Read more...

CEP discussion paper

Asymmetric pass-through and competition

We study the retail price pass-through of four major tax changes in petroleum products using daily pricing data from gas stations on small Greek islands. We find that (i) the pass-through of the tax hikes is five times h...Read more...

CEP discussion paper

Evaluating the impact of export finance support on firm-level export performance: Evidence from Pakistan

This paper evaluates the impact of two large export finance support schemes on firm-level export performance. The Export Finance Scheme (EFS) and the Long-Term Finance Facility for Plant & Machinery (LTFF), provide loans...Read more...

Blog

Grantham Research Institute on Climate Change and the Environment:

Harnessing the UK's strengths for green growth

Esin Serin and Pia Andres set out evidence on the UK's sectoral and technological strengths to assist policymakers as they consider how to allocate support across the economy in a way that maximises green growth opportun...Read more...

Blog

Vox EU:

Managing to cope with natural disasters

Human-induced climate change is making disasters more frequent and more intense. Policy could help reduce the economic costs of climate change by helping firms withstand extreme weather events. This column explores how m...Read more...

CEP discussion paper

When trade drives markup divergence: An application to auto markets

When firms sell in multiple markets, estimates of markups from the demand-side will generally diverge from estimates based on the supply-side (e.g. via production functions). The empirical examination of the importance o...Read more...

Blog

Project Syndicate:

China is exporting its AI surveillance state

Contrary to what many Western policymakers and commentators once hoped, recent analyses have added to the evidence that trade does not always foster democracy or liberalize regimes. Instead, China's greater integration w...Read more...

Journal article

Oxford Open Economics:

Labour market inequality

Wage and earnings inequality has been on the rise in the United Kingdom (UK) since the late 1970s/early 1980s, and with faster increases than comparator countries, it is now one of the countries with the highest levels o...Read more...

Journal article

:

Individual wellbeing and cortisol

The variety and the number of ways of measuring individual wellbeing has increased over the past two decades. In addition to all self-reported measures, researchers also consider a wide variety of objectively-measured in...Read more...

Blog

Harvard Business Review:

Designing a successful reskilling program

In this article, written as a follow up to the award-winning "Reskilling in the Age of AI", the authors report the results of a reskilling survey that they conducted with chief human resource officers from approximately ...Read more...

CEP discussion paper

Transition to green technology along the supply chain

We analyze a model of green technological transition along a supply chain. In each layer, a good is produced with a dirty technology, or, if the required "electrification" innovation has occurred, with a clean technology...Read more...

CEP election analysis

Energy and climate change

The scale of change and investment required for net zero is challenging, but early action is the most cost-effective way to achieve the 2050 target and could bring opportunities....Read more...

Journal article

Oxford Economic Papers: Forthcoming

Trends in effort at work in the UK

This article links detailed 24-h diary surveys in the UK for the last four decades, to provide evidence of an increase in work effort in three specific dimensions: timing, nature, and composition. We rule out certain pro...Read more...

Journal article

Management Science :

Managerial and Financial Barriers to the Green Transition

Using data on 10,776 firms across 22 emerging markets, we show that both credit constraints and weak green management hold back corporate investment in green technologies embodied in new machinery, equipment, and vehicle...Read more...

Blog

LSE EUROPP:

How climate change concerns affect voters

In recent years, there has been a noticeable rise in temperatures and extreme heatwaves across the UK and Europe. Older people may be particularly vulnerable to this, with indications of a 30% increase in heat-related de...Read more...

CEP discussion paper

Disaster management

Climate change is making natural disasters more frequent, yet little is known about the capacity of firms to withstand such disasters and adapt to their increased frequency. We examine this issue using the latest wave of...Read more...

Blog

Imperial College Business School:

Do carbon markets work?

Ever since the EU created its market-based carbon policy, governments and businesses have been keen to see an impact. But analysing how effective policies can be on a noisy economic and global stage is complex - and hard...Read more...

Journal article

Behavioural Public Policy:

Affective paternalism

Many decisions are curated, incentivised or nudged by a third party. Despite this, only a handful of studies have looked at paternalistic decision-makers and the psychological processes by which they arrive at their deci...Read more...

Journal article

The Review of Economic Studies:

Does Pricing Carbon Mitigate Climate Change? Firm-Level Evidence from the European Union Emissions Trading System

In theory, market-based regulatory instruments correct market failures at least cost. However, evidence on their efficacy remains scarce. Using administrative data, we estimate that, on average, the European Union Emissi...Read more...

Blog

Centre for Cities (podcast):

City Talks: Sharing the benefits of a high-tech economy (podcast)

Centre for Cities chief executive Andrew Carter is joined by Professor Neil Lee, professor of economic geography at the London School of Economics and author of Innovation for the Masses: How to Share the Benefits of the...Read more...

Journal article

AEA Papers and Proceedings:

The Linear Algebra of Economic Geography Models

We provide sufficient statistics for nominal and real wage exposure to productivity shocks in a constant elasticity economic geography model. These exposure measures summarize the first-order general equilibrium elastici...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

Accounting for the evolution of China's production and trade patterns

This paper studies the evolution of China's production and trade patterns during its integration into the global economy. We document and explain new facts concerning changes in production and exports at the industry and...Read more...

Journal article

The Economic Journal:

Taking Back Control? Quasi-Experimental Evidence on the Impact of Retirement on Locus of Control

We use Australian panel data to examine the impact of retirement on individual locus of control, a socio-emotional skill with substantial explanatory power for a broad range of life outcomes. Exploiting the eligibility a...Read more...

Blog

LSE Business Review:

The increasing complexity of digitalisation may hurt manual workers' health

Some of the effects of workplace digitalisation are well studied, such as changes in workers' wages and increased economic inequality. But how does technological progress affect workers' health? Melanie Arntz, Sebastian ...Read more...

Blog

Vox EU:

Cool cities: The value of urban trees

Cities are warming faster than their rural surroundings. But the ecosystem support provided by urban forestry is often omitted from climate policies due to the difficulty in assigning to it a credible monetary sum. Lu Ha...Read more...

Journal article

American Economic Review:

When Tariffs Disrupt Global Supply Chains

We study unanticipated tariffs in a setting with firm-to-firm supply relationships. Firms conduct costly searches and negotiate with potential suppliers that pass a reservation level of match productivity. Global supply ...Read more...

Journal article

Journal of Labor Economics:

The Employment and Distributional Impacts of Nationwide Minimum Wage Changes

We estimate the effect of the introduction of the UK’s National Living Wage in 2016, and increases in it up to 2019, using a new empirical method. We apply a bunching approach to a setting with no geographical variation ...Read more...

Journal article

American Economic Journal: Applied Economics:

Measuring Absolute Income Mobility: Lessons from North America and Europe

We use linked parent-child administrative data for five countries in North America and Europe, as well as detailed survey data for two more, to investigate methodological challenges in the estimation of absolute income m...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

The Economic Journal:

Commuting for crime

People care about crime, with the spatial distribution of both actual and perceived crime affecting the amenities from living in different areas and residential decisions. The literature finds that crime tends to happen ...Read more...

Blog

LSE USAPP:

Book Review: Innovation for the Masses: How to Share the Benefits of the High-Tech Economy by Neil Lee

In 'Innovation for the Masses: How to Share the Benefits of the High-Tech Economy' Neil Lee proposes abandoning the Silicon Valley-style innovation hub, which concentrates its wealth, for alternative, more equitable mode...Read more...

Chapter

Women's representation and the gender pay gap: rank, institutional research intensity and ethnicity in UK business schools

in Research Handbook on Inequalities and Work

We employ a multi-faceted framework to explore the importance of women's representation to the gender pay gap (GPG) in all UK business schools to analyse an authoritative and complete administrative sample from the Highe...Read more...

Submission to a parliamentary inquiry and government consultation

Business and Trade Committee

Has the UK lost its competitive edge in the global economy? What advantages does it possess, and how can these be exploited for economic growth? The Business and Trade Committee considers these questions as it continues ...Read more...

Blog

Project Syndicate:

Should Workers Fear AI?

While hand-wringing about AI's implications for work and labour markets is understandable, economic history and current data make clear that the most common fears are largely overblown. Current applications are nowhere n...Read more...

Journal article

The Review of Economic Studies:

Using Disasters to Estimate the Impact of Uncertainty

Uncertainty rises in recessions and falls in booms. But what is the causal relationship? We construct cross-country panel data on stock market returns to proxy for first- and second-moment shocks and instrument these wit...Read more...

Journal article

The Economic Journal:

How Polarised are Citizens? Measuring Ideology from the Ground-Up

We investigate whether the ideological polarisation of citizens has increased in Western democracies. We propose a novel methodology to identify individual ideologies by applying Latent Dirichlet Allocation to political ...Read more...

External publication

Old Skills, New Skills - what is changing in the UK labour market?

The UK, along with other industrial countries, is experiencing rapid technological change associated with robotics and artificial intelligence, precipitating significant transformations in terms of how work is organised,...Read more...