Results

Blog

Vox EU:

Living wages and government contracts

Living wages are an increasingly common policy tool for reducing poverty and improving the living standards of low-income workers. But until recently, there has been little evidence on how living wage clauses effect the ...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...

Blog

LSE USA Politics and Policy:

The lasting impact of 9/11 on Muslim integration in America

With ongoing global debates on immigration, integration, and rising Islamophobia, understanding the long-term social impacts of historical events is more important than ever. Shadi Farahzadi studies the effects of the 9/...Read more...

CentrePiece article

in brief... Successful caps on fees disprove the idea that it’s unwise to meddle with free markets

Jan David Bakker and Nikhil Datta show how the success of a reform of letting agents’ fees was partly due to their hidden nature....Read more...

CentrePiece article

Revving up wages: How rising productivity has benefited car industry workers

Fast productivity growth in the UK car industry led to staff in the sector earning about 37% more than the average manufacturing employee by the 2010s. But Andreas Teichgraeber and Tim Obermeier show that while wages wen...Read more...

Blog

LSE Politics and Policy:

How to make Labour's National Wealth Fund work

Labour's plans for growth include the creation of a National Wealth Fund. A closer look at the proposals reveals that this is not like other Sovereign Wealth Funds, but is in fact more like a Green Investment Bank, meant...Read more...

CEP discussion paper

Market power, growth and wealth inequality

In recent decades, the United States has experienced a notable rise in markups, a slowdown in productivity growth, and an increase in wealth inequality. We present a framework that unifies these trends into a common driv...Read more...

CEP discussion paper

What fueled the illicit opioid epidemic? New evidence from a takeover of white powder heroin markets

In recent years, the majority of drug overdose deaths in the U.S. have involved illicitly-produced opioids (primarily heroin and fentanyl), overtaking prescription opioids as the main driver of the opioid epidemic. In th...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...

Blog

Vox EU:

New approaches to measure (increasing) concentration in Europe

Concentration (the share of a market's output produced by its largest firms) is a key proxy for measuring market competition. This column introduces a cross-country dataset to measure concentration at the industry level ...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:

The evolution of gender in the labour market

Despite significant progress in closing the gender gap in earnings, work remains highly gendered, with women continuing to participate less in the workforce, work fewer hours, and face persistent wage disparities. This c...Read more...

CEP discussion paper

The evolution of gender in the labor market

This paper traces the evolution of the study of gender in the labor market, focusing on how academic thinking on this topic has evolved alongside real world developments in gender inequality from the 1980s to the present...Read more...

CEP discussion paper

Industry concentration in Europe: Trends and methodological insights

Concentration - the share of an industry's output accounted for by its largest firms and a frequently used proxy of competition - has increased in European countries. This paper provides evidence about this development b...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...

Chapter

The green transition: understanding and managing impacts for workers

in Handbook on Labour Markets in Transition: Promoting Resilience in a World in Flux.

The transition to net zero will have far-reaching and unequal effects on labour markets, as some jobs disappear, existing jobs change, and new jobs aligned with or supportive of the net-zero objective are created. The ev...Read more...

Blog

The Conversation:

Successful caps on English letting agents' fees disprove the idea that it's unwise to meddle with free markets

Five years ago, the UK government enacted the first legislation regulating prices in the English rental market since the 1960s. The Tenant Fees Act 2019 didn't interfere with what landlords can charge tenants in rent, bu...Read more...

CEP discussion paper

The integration penalty: Impact of 9/11 on the Muslim marriage market

Major sociopolitical events can have lasting impacts on integration through changing marriage preferences. Marriage markets, due to their unregulated nature, both reflect and affect integration in society. I use 9/11 as ...Read more...

Chapter

Crime and the labor market

in Handbook of Labor Economics

The economics of crime has emerged as a critical field over the past 30 years, with economists increasingly exploring the causes and consequences of criminal behavior. This chapter surveys key contributions and developme...Read more...

CEP discussion paper

Global robots

The diffusion of automation technology raises questions about the future of work, leading to calls for policy interventions. The ongoing debate centers on the decisions made by technology adopters. In this paper, I study...Read more...

Journal article

International Journal of Industrial Organization:

VAT pass-through and competition: Evidence from the Greek islands

We examine how competition affects VAT pass-through in isolated oligopolistic markets as defined by the Greek islands. Using daily gasoline prices and a difference-in-differences methodology, we investigate how changes i...Read more...

Journal article

Review of Income and Wealth:

Insecurity on the Labor Market

There is a common feeling that life has become more insecure over time. I here consider this proposition with respect to the labor market. I first discuss how labor-market insecurity might be measured, and then its poten...Read more...

Blog

LSE Business Review:

Achieving net zero by 2050 requires changes to the UK skills landscape

As COP29 brings climate action into focus, it's clear that policy must go beyond carbon trading and finance. To make net zero a reality, the workforce must be equipped with the right skills. Aadya Bahl examines what this...Read more...

Journal article

Journal of Economic Geography:

When market access gains do not spur urban growth

We revisit the natural experiments of division and unification of Germany. The negative shock to local market access following the division of Germany led to a fast and strong downward adjustment of the size of West Germ...Read more...

Journal article

Journal of International Economics:

New dawn fades: Trade, labour and the Brexit exchange rate depreciation

This paper studies consequences of the large exchange rate depreciation occurring when the UK electorate unexpectedly voted to leave the European Union. Sterling plummeted, recording the biggest one-day depreciation of a...Read more...

Blog

Vox EU:

US electoral impact of remote work and inter-state migration

Remote work and geographic mobility have surged in the US since 2020. This column examines trends for both and discusses the potential electoral implications. The authors find that remote work opportunities are dispropor...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...

CEP discussion paper

Crime and the labor market

The economics of crime has emerged as a critical field over the past 30 years, with economists increasingly exploring the causes and consequences of criminal behavior. This chapter surveys key contributions and developme...Read more...

CentrePiece article

Better work: whose business is it?

Regulating the labour market is essential to address the inherent imbalance of power between employers and employees. But that doesn’t necessarily mean that the state needs to intervene more than it already does. Alan Ma...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...

Journal article

Demography:

Population Growth, Immigration, and Labor Market Dynamics

This article provides a first synthesis of population flows and labor market dynamics across immigrant and native-born populations. We devise a novel dynamic accounting methodology that integrates population flows from t...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

Trade and the end of antiquity

What caused the end of antiquity, the shift of economic activity away from the Mediterranean towards northern Europe? We assemble a large database of coin flows between the 4th and 10th century and use it to document the...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...

Blog

LSE Politics and Policy:

Labour's planning reforms - how to make housing targets work

Labour promised serious reforms to the planning system while in opposition. What it has proposed now that it's in Government, including reforms to the National Planning Policy Framework, is very far from a fundamental re...Read more...

Blog

LSE Politics and Policy:

Labour's planning reforms - building on grey belts and missed opportunities

Perhaps the proposal that people are most aware of when it comes to Labour's planning reform plans, the one that hit the headlines, is the idea of potentially re-defining small areas of green belts as "grey belt land". T...Read more...

Journal article

Oxford Open Economics:

Spatial disparities across labour markets

We consider disparities across local labour markets in Great Britain. Disparities in wages and employment rates are large and persistent, although smaller than 20 years ago. These disparities largely reflect the concentr...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...

CEP discussion paper

Avenging the tenants: Regulating the middle man's rents

We explore the role of intermediaries in the rental market. Using novel UK data on fees letting agencies charged to both tenants and landlords, combined with a matched property-agency listings dataset, we study the effec...Read more...

CEP discussion paper

An engine of (pay) growth? Productivity and wages in the UK auto industry

When labour market competition is imperfect, positive industry (and firm) productivity shocks can be passed through to workers in the form of higher wages. We document how the UK auto industry, following a period of decl...Read more...

Blog

Vox EU:

Gendered change: 150 years of transformation in US hours

The 2023 Nobel Committee awarded the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel to Claudia Goldin. Among her many contributions is the emphasis on the non-monotonic trend in women's employment...Read more...

CEP discussion paper

The wage of temporary agency workers

Using French administrative data, we estimate the wage gap distribution between in-house and temporary agency workers working in the same establishment and the same occupation. The average wage gap is about 3%, but the g...Read more...

Journal article

Journal of Labor Economics:

The Decline in Rent Sharing

The evolution of rent sharing is studied. Based on a panel of the top 300 publicly quoted British companies over 35 years and using excess stock market returns to patenting activity as an instrument for economic rents, t...Read more...

CEP discussion paper

Gender, careers and peers' gender mix

We use Italian Social Security data to study how the gender composition of a worker's professional network influences their career development. By exploiting variation within firms, occupations, and labor market entry co...Read more...

Blog

Politics and Policy:

Smarter, not more regulation will lead to better work

A long tradition in economics says that if an employer and a worker agree a contract on any terms both parties must be made better-off or otherwise they would not have agreed to the contract in the first place. If that w...Read more...

Journal article

Econometrica:

A Comment on: "Walras-Bowley Lecture: Market Power and Wage Inequality" by Shubhdeep Deb, Jan Eeckhout, Aseem Patel, and Lawrence Warren

A burgeoning literature in labor economics is focused on modeling employer labor market power, generally finding nontrivial estimates of monopsony power. A smaller literature also simultaneously incorporates product mark...Read more...

CEP discussion paper

Mark-ups in the digital era

Relying on a novel dataset which combines balance sheet data on firms, patents, and industry-level proxies of technology for 25 countries in the period 2001-2014, we document an increase in mark-ups over time, mainly dri...Read more...

Journal article

The Journal of Law, Economics, and Organization:

Noncompete agreements in a rigid labor market: the case of Italy

Noncompete agreements limiting the mobility of workers have been found to be widespread in the United States, a flexible and lightly regulated labor market. We explore the use of noncompete agreements in a rigid and high...Read more...

External publication

Labour Economics: Thinking through Labour's economic agenda

With the Labour Party having vowed to achieve the fastest growth in the G7, the Social Market Foundation has brought together leading economic experts to provide independent analysis of the party's proposed approach - an...Read more...

CEP discussion paper

Why delay? Understanding the construction lag, aka the build out rate

We explore the determinants of the speed of residential development after dwelling construction starts. Using a sample of over 140,000 residential developments in England from 1996 to 2015 and employing an instrumental v...Read more...

Journal article

Economica:

Do wages underestimate the inequality in workers' rewards? The joint distribution of job quality and wages across occupations

Information on both wages and job quality is needed in order to understand the occupational dispersion of wellbeing. We analyse subjective wellbeing in a large UK sample to construct a measure of ‘overall reward’, the su...Read more...

Blog

LSE Business Review:

Why representation matters in the economics profession

What prompts someone to become an economist? How important is representation in inspiring the next generation of black economists? And how positive should women economists be about the future? Felicia Odamtten, an econom...Read more...

Journal article

LSE Public Policy Review:

Spatial Labour Market Inequality and Social Protection in the UK

Spatial inequality in economic outcomes is increasingly seen as a problem for national economies. This paper considers spatial inequality in the UK labour market, its causes, and potential policy solutions. Relative to o...Read more...

Journal article

Journal of Labor Economics: Forthcoming

Technological Change and Domestic Outsourcing

Domestic outsourcing has grown substantially in developed countries over the past two decades. This paper addresses the question of the technological drivers of this phenomenon by studying the impact of the staggered dif...Read more...

CentrePiece article

Gender gaps from labour market downturns

How quickly do men and women find work after mass lay-offs due to workplace closures? Research by Ria Ivandic and Anne Sophie Lassen reveals that women face a greater risk of unemployment than men and lose a larger share...Read more...

CentrePiece article

Claudia Goldin: the economics of women and the labour market

The study of gender was far from mainstream in economics when Claudia Goldin began her research on women and work in the 1980s. Barbara Petrongolo discusses the impact of the 2023 economics Nobel laureate in shaping toda...Read more...

CEP Insights

Insights: condensed

The Insights series is an introduction to the work of the Centre for Economic Performance (CEP). Each Insight highlights the contribution of CEP researchers to both academic understanding and policymaking in one area of ...Read more...

Chapter

Income inequality before, during, and after the transition in central and eastern Europe

in The Oxford Handbook of Post-Socialist Economies

This chapter explores the income inequality in Central and Eastern Europe before, during, and after the transition. It argues that the fall of communism and the transition to a market economy in Eastern Europe were landm...Read more...

CEP discussion paper

The social footprint of globalization: Towards the introduction of strategic industries in quantitative trade models

We argue that our understanding of industrial policy in the presence of 'strategic' industries that exert positive externalities on the national economy may benefit from an extension of quantitative general equilibrium t...Read more...

Book

Innovation for the Masses
How to Share the Benefits of the High-Tech Economy

From San Francisco to Shanghai, many of the world's most innovative places are highly unequal, with the benefits going to a small few. Rather than simply asking how we can create more high-tech cities and nations, Innova...Read more...

Journal article

AEA Papers and Proceedings:

Parenthood and Academic Career Trajectories

Women continue to be underrepresented in the field of economics, especially among permanent faculty. As parenthood is an important driver of gender inequality in the labor market, we study the impact of children on the a...Read more...

Journal article

Spatial Economic Analysis: Forthcoming

The social footprint of globalisation: towards the introduction of strategic industries in quantitative trade models

We argue that our understanding of industrial policy in the presence of ‘strategic’ industries that exert positive externalities on the national economy may benefit from an extension of quantitative general equilibrium t...Read more...

CEP discussion paper

Tickets to the global market: First US patent awards and Chinese firm exports

We investigate how international patent activity enables firms from emerging economies to thrive in the global marketplace. We match Chinese customs data to US patent records and leverage the quasi-random assignment of U...Read more...

CEP discussion paper

Adapting or compounding? The effects of recurring labour shocks on stated and revealed preferences for redistribution

The evidence on the impact of employment shocks on preferences for redistribution is mixed on stated outcomes and sparse on revealed ones. We conduct a survey of US workers to measure the impact of repeated labour market...Read more...

Journal article

American Economic Review :

The Impact of Regulation on Innovation

We present a framework that can be used to assess the equilibrium impact of regulation on endogenous innovation with heterogeneous firms. We implement this model using French firm-level panel data, where there is a sharp...Read more...

Blog

LSE Business Review:

Britain can promote private investment and economic growth. Here's how

The UK investment ecosystem needs rewiring across the board to increase firms' desire to invest in productive and sustainable assets, and to enhance their ability to do so. Paul Brandily, Mimosa Distefano, Krishan Shah, ...Read more...

CEP discussion paper

Individual welfare analysis: A tale of consumption, time use and preference heterogeneity

How accurately does household income reflect the well-being of the individuals living within the household? Looking at household income does not take unequal consumption sharing within families, the value of time use (le...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...

Blog

LSE Business Review:

What Claudia Goldin taught economics about women, labour markets and pay gaps

When Claudia Goldin's research on women's work became influential in the 1980s, the study of gender was far from mainstream in economics. Four decades later, that is no longer the case, in large part thanks to her influe...Read more...

CentrePiece article

The trouble with inactivity

Concerns about a recent rise in economic inactivity have prompted new policies aimed at discouraging early retirement and encouraging the labour force participation of women with young children. Stephen Machin and Jonath...Read more...

CEP discussion paper

Do larger firms exert more market power? Markups and markdowns along the size distribution

Several models posit a positive cross-sectional correlation between markups and firm size, which characterizes misallocation, factor shares, and gains from trade. Accounting for labor market power in markup estimation, w...Read more...

Blog

Economics Observatory:

What explains the gender division of labour and how can it be redressed?

Adam Smith's division of labour was about the efficiency gains from task specialisation in factories. But the gender division - gaps between men and women in pay, prestige, career progression and much more - can also be ...Read more...

Journal article

Comparative Economic Studies:

Political connections, business groups and innovation in Asia

It is acknowledged that Asia’s remarkable economic achievements of the past 50 years build on institutional arrangements very different from the West, including the central role of business groups (BGs) as an organisatio...Read more...

CEP discussion paper

Spatial wage inequality in North America and Western Europe: changes between and within local labour markets 1975-2019

The rise of economic inequalities in advanced economies has been often linked with the growth of spatial inequalities within countries, yet there is limited comparative research that studies the relationship between nati...Read more...

Journal article

The Economic Journal:

Unraveling firms: demand, productivity and markups heterogeneity

We develop a novel framework that simultaneously allows recovering heterogeneity in demand, quantity TFP and markups across firms while leaving the correlation between the three dimensions unrestricted. We accomplish thi...Read more...

Blog

LSE Business Review:

More education signals ability to employers, but does it really improve skills?

Better educated workers may earn higher wages for two possible reasons: because they acquire more skills or because more education signals their intellect and enthusiasm. Economists believe that signalling plays a role a...Read more...

Blog

LSE Impact of Social Sciences:

New approaches to economics research are reshaping how we understand and respond to gender stereotypes

New ways of analysing data from images and text are being used by economists to study discrimination in the labour market. A recent workshop, hosted by the Centre for Economic Performance and the Department of Social Pol...Read more...

Journal article

Journal of Management Studies: Forthcoming

Business Groups and Export Performance: The Role of Coordination Failures and Institutional Configurations

We explore the nature of business groups (BGs) and their affiliates in emerging markets through the lens of the coordination failures associated with economic development. We propose that BGs develop distinct economic an...Read more...

CEP discussion paper

The measure of monopsony: the labour supply elasticity to the firm and its constituents

The estimation of labour supply elasticities is central to the measurement of monopsony power in the labor market. In this paper I provide new, firm-level estimates of the labour supply elasticity that distinguish betwee...Read more...

CentrePiece article

Superstar firms: how the shift from manufacturing to services affects local concentration of sales and jobs

The leading US firms in many industries have increased their national market share substantially over the last four decades - making these industries more concentrated. But locally the picture is more complex. David Auto...Read more...

CEP discussion paper

VAT pass-through and competition: evidence from the Greek Islands

We examine how competition affects VAT pass-through in isolated oligopolistic markets as defined by the Greek islands. Using daily gasoline prices and a difference-in-differences methodology, we investigate how changes i...Read more...

CEP discussion paper

Firming up price inflation

We use data from a large panel survey of UK firms to analyze the economic drivers of price setting since the start of the Covid pandemic. Inflation responded asymmetrically to movements in demand. This helps to explain w...Read more...

Journal article

Applied Economics Letters: Forthcoming

Telework and productivity: insights from an original survey

Using a unique dataset of approximately 1,400 French manufacturing firms, this study provides insights into their utilization of telework in 2019. Our findings reveal firms that engaged in telework benefit from a Total F...Read more...

Journal article

Journal of International Economics:

Sequentially exporting products across countries

Exploiting disaggregated data on French exporters, we show that firms expand their product scope and geographical presence sequentially. This process of internationalization is uneven over time, exhibiting more volatilit...Read more...

Blog

CATO Institute:

The Impact of Regulation on Innovation

Many scholars have been concerned that slower growth in countries with heavy labour regulations could be due to firms' reluctance to innovate given the burden of red tape. Philippe Aghion, Antonin Bergeaud and John Van R...Read more...

CEP discussion paper

Non-compete agreements in a rigid labour market: the case of Italy

Non-compete clauses (NCCs) limiting the mobility of workers have been found to be rather widespread in the US, a flexible labour market with large turnover rates and a limited coverage of collective bargaining. This pape...Read more...

CentrePiece article

Growth and immigration: unpicking the confusion

More people in a country leads to a bigger economy, but not necessarily an improved standard of living. Alan Manning unpicks the complexities in the debate....Read more...

CentrePiece article

The paradox of vocational education

Despite a UK labour market that is hungry for skills, academic education has triumphed over training, apprenticeships and preparation for specific occupations. Alison Wolf looks at why vocational education continues to l...Read more...

CentrePiece article

Commute and thrive

The advent of commuting in 1930s London opened up opportunities to working-class people. Andrew Seltzer and Jonathan Wadsworth show how public transport boosts the labour market....Read more...

Blog

LSE Business Review:

Self-employment dwindles amid the cost-of-living crisis

As the Covid-19 crisis has made way for inflation and skyrocketing energy prices, the self-employed have not yet found their way out of the recent economic adversities. And many of them are now finding their way out of s...Read more...

CEP discussion paper

Multinationals, robots and the labor share

Using a panel of Spanish manufacturing firms covering the 1990-2017 period, this paper shows that firms acquired by multinational enterprises experience a reduction in the labor share. Acquisitions drive significant chan...Read more...

Blog

LSE American Politics and Policy:

For the US to again become the "Land of Opportunity" we need a better understanding of how geography and industrial change affects incomes

Kohei Takeda unpacks the relationship between declining manufacturing in parts of the US - which are often termed the 'Rust Belt' - and workers' income mobility....Read more...

CEP discussion paper

The indirect effect of the Russian-Ukrainian war through international linkages: early evidence from the stock market

This paper investigates how firms' international linkages to Russia and Ukraine affected investors' expectations following the escalation of the Russian-Ukrainian war. For this, we perform an event study around the Russi...Read more...

Blog

Vox EU:

The labour market in Ukraine: Rebuild better

Rebuilding Ukraine will require emergency measures that address the effects of war alongside structural reforms that address pre-existing political and economic issues. Giacomo Anastasia, Tito Boeri, Marianna Kudlyak and...Read more...

Blog

Vox EU:

Commute time savings when working from home

The large shift to work from home during the Covid-19 pandemic reduced the amount of time that workers spend commuting. This column reports on a global survey of workers in 27 countries showing that working from home sav...Read more...

Blog

Vox EU:

The family consequences of job insecurity: Fertility and marriage

Fertility rates have fallen sharply in OECD countries over the last 60 years, a drop mirrored in diminished employment protection over the same period. This column asks whether this greater job insecurity has contributed...Read more...

Journal article

The Quarterly Journal of Economics:

Globalization, Trade Imbalances, and Labor Market Adjustment

We argue that modeling trade imbalances is crucial for understanding transitional dynamics in response to globalization shocks. We build and estimate a general equilibrium, multicountry, multisector model of trade with t...Read more...

Journal article

Regional Science and Urban Economics :

Micro-geographic property price and rent indices

We develop a programming algorithm that predicts a balanced-panel mix-adjusted house price index for arbitrary spatial units from repeated cross-sections of geocoded micro data. The algorithm combines parametric and non-...Read more...

Blog

Vox EU:

Responsible sourcing: Theory and evidence from Costa Rica

There is growing pressure on multinational enterprises to implement 'responsible sourcing' requirements for their suppliers in low- and middle-income countries. These include minimum standards on working conditions, such...Read more...

CEP discussion paper

The geography of structural transformation: effects on inequality and mobility

The interplay between structural transformation in the aggregate and local economies is key to understanding spatial inequality and worker mobility. This paper develops a dynamic overlapping generations model of economic...Read more...