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In most countries ? particularly in supply constrained superstar cities ? house prices have risen much more strongly than rents over the last two decades. We provide an explanation that does not rely on falling interest ...Read more...
Christian A. L. Hilber and Andreas Mense
15 January 2021
The UK government uses a Value for Money (VfM) framework to help allocate infrastructure expenditure. At the core of this framework is a benefit to cost ratio (BCR) that is calculated using a set of established monetised...Read more...
Nicolas Gonzalez-Pampillon and Henry G. Overman
21 September 2020
In this paper we investigate whether young people whose fathers are union members are themselves more likely to join a union. The work builds upon a large social science literature on intergenerational mobility that, to ...Read more...
Jo Blanden and Stephen Machin
November 2002