Results

CEP discussion paper

Teachers' leniency: experimental evidence

Two teachers grading the same student can reach very different conclusions? yet little is known about which teacher characteristics drive such disagreement. We investigate this question through a large-scale online exper...Read more...

CEP discussion paper

The broken ladder: AI, remote work, and early-career hiring

Is generative AI replacing junior workers? A growing literature answers yes, citing large declines in early-career hiring concentrated in GenAI-exposed occupations. We argue that this verdict is premature because GenAI e...Read more...

CEP discussion paper

Measuring systematic gaps in teacher judgement: a new approach

We propose a new approach to test for systematic biases in subjective evaluations. We exploit a setting where teachers were required to assign students both grades and rankings within each grade. Comparing students immed...Read more...

CEP discussion paper

The lifecycle of judicial bias

How does judicial bias arise and persist in the legal system? We trace the lifecycle of judicial bias in India's criminal courts, leveraging the quasi-random assignment of judges to courts and cases. We first document su...Read more...

Journal article

Journal of International Economics:

Paper tiger? Chinese science and home bias in citations

We investigate the phenomenon of home bias in scientific citations, where researchers disproportionately cite work from their own country. We develop a benchmark for expected citations based on the relative size of count...Read more...

Journal article

Small Business Economics :

Realizing expectations? High-impact entrepreneurship across countries

Comparative international entrepreneurship research has often used measures of high-growth expectations entrepreneurship to proxy for the construct of high-impact entrepreneurship. We revisit this practice by assessing t...Read more...

CEP discussion paper

Paper tiger? Chinese science and home bias in citations

We investigate the phenomenon of home bias in scientific citations, where researchers disproportionately cite work from their own country. We develop a benchmark for expected citations based on the relative size of count...Read more...

Blog

United States Politics and Policy:

Studying women's property rights in the 19th century can help uncover the missing inventors

The underrepresentation of disadvantaged groups, particularly women, in the innovation process and entrepreneurial activities is an ongoing issue across the globe. Despite making up 50 percent of the population, women co...Read more...

Chapter

Inclusive entrepreneurial ecosystems

in Entrepreneurial ecosystems in cities and regions: emergence, evolution, and future

Cities and regions with the strongest entrepreneurial ecosystems are often marked by high levels of inequality. These inequalities have, however, often been overlooked in policy and academic circles. Seeking to remedy th...Read more...

CEP discussion paper

Gender stereotypes in the family

We investigate gender-stereotyped beliefs about children's academic abilities among parents. Leveraging survey and school administrative data, we document that parents underestimate girls' mathematical skills and overest...Read more...

Journal article

International Economic Review:

Estimating border effects: the impact of spatial aggregation

Trade data are typically aggregated across space. In this article, we investigate the sensitivity of gravity estimation to spatial aggregation. We build a model in which micro regions are aggregated into macro regions. W...Read more...

Blog

LSE Business Review:

If you lie down with clones you will stagnate your career

We have a tendency to surround ourselves with and ask advice from people just like ourselves, putting us at risk of confirmation bias. When we want personal growth, Grace Lordan writes that we must think again about who ...Read more...

Journal article

Small Business Economics:

Soft and hard information in equity crowdfunding: network effects in the digitalization of entrepreneurial finance

As a digital financial innovation, equity crowdfunding (ECF) allows investors to exploit the complementarity of information provision and network effects in a reduced transaction cost environment. We build on the underly...Read more...

Journal article

Small Business Economics:

Homophily and peer influence in early-stage new venture informal investment

Abstract: Conceptualising early-stage new venture informal investors as co-entrepreneurs whose actions are socially embedded, we examine the role of social influence and how it interplays with entrepreneurial experience ...Read more...

CEP discussion paper

Heterogeneity in criminal behaviour after child birth: the role of ethnicity

This paper documents behavioral differences in parental criminality between majority and minority ethnic groups after child birth. The particular effect we exploit is that of the gender of the first-born child on fathers...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

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

Journal of Urban Economics:

Political favoritism in China's capital markets and its effect on city sizes

This paper examines political favoritism of cites in national capital markets and the effect of that favoritism on city sizes. The paper estimates the city-by-city variation in the prices of capital across cities in Chin...Read more...

CEP discussion paper

A unified approach to estimating demand and welfare

The measurement of price changes, economic welfare, and demand parameters is currently based on three disjoint approaches: macroeconomic models derived from time-invariant utility functions, microeconomic estimation base...Read more...

CEP discussion paper

Estimating border effects: the impact of spatial aggregation

Trade data are typically reported at the level of regions or countries and are therefore aggregates across space. In this paper, we investigate the sensitivity of standard gravity estimation to spatial aggregation. We bu...Read more...

CEP discussion paper

Risk and evidence of bias in randomized controlled trials in economics

The randomized controlled trial (RCT) has been a heavily utilized research tool in medicine for over 60 years. Since the early 2000?s, large-scale RCTs have been used in increasingly large numbers in the social sciences ...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

Is the International Border Effect Larger than the Domestic Border Effect? Evidence from U.S. Trade

Many studies have found that international borders represent large barriers to trade. But how do international borders compare to domestic border barriers? We investigate international and domestic border barriers in a u...Read more...

CEP discussion paper

Autoregressions in Small Samples, Priors about Observables and Initial Conditions

We propose a benchmark prior for the estimation of vector autoregressions: a prior about initial growth rates of the modelled series. We first show that the Bayesian vs frequentist small sample bias controversy is driven...Read more...

CEP discussion paper

A Task-Based Approach to Organization: Knowledge, Communication and Structure

We bridge a gap between organizational economics and strategy research by developing a task-based approach to analyze organizational knowledge, process and structure, and deriving testable implications for the relation b...Read more...

CEP discussion paper

Educational Returns, Ability Composition and Cohort Effects: Theory and Evidence for Cohorts of Early-Career UK Graduates

An increase over time in the proportion of young people obtaining a degree is likely to impact on the relative ability compositions (i) of graduates and non-graduates and (ii) across graduates with different classes of d...Read more...

CEP discussion paper

Was Germany Ever United? Evidence from Intra- and International Trade 1885-1933

This paper asks whether Germany was ever an economically integrated area. I explore the geography of trade costs in a new data set of about 40,000 observations on regional trade flows within and across the borders of Ger...Read more...

CEE/Education and skills discussion paper

Returns to Apprenticeship Training in Austria: Evidence from Failed Firms

Little is known about the payoffs to apprenticeship training in the German speaking countries for the participants. OLS estimates suggest that the returns are similar to those of other types of schooling. However, there ...Read more...

CEP discussion paper

Robustly Optimal Monetary Policy

This paper analyses optimal monetary policy in response to shocks using a model that avoids making specific assumptions about the stickiness of prices, and thus the nature of the Phillips curve. Nonetheless, certain robu...Read more...

CEP discussion paper

Is Distance Dying at Last? Falling Home Bias in Fixed Effects Models of Patent Citations

We examine the ?home bias? of international knowledge spillovers as measured by the speed of patent citations (i.e. knowledge spreads slowly over international boundaries). We present the first compelling econometric evi...Read more...