Results

Journal article

The Economic Journal: Forthcoming

The Immigration Surplus Revisited

We extend the immigration surplus results of Borjas (1995). In a closed competitive constant-returns economy, we show that an influx of migrants (holding their skill mix fixed) must increase the total real income of nati...Read more...

Blog

LSE Politics:

Is the rise in home schooling down to mental health?

There has been a marked increase in the rates of home schooling in the UK since Covid. David Frayman and Ben Helme look into the causes behind this increase, and argue that a rise in mental health issues among young peop...Read more...

CEP discussion paper

Organizing expertise with externalities: evidence from primary care

Many modern organizations use knowledge hierarchies, where frontline workers try to resolve tasks and pass those they cannot resolve to experts. But the implications of this organization of expertise are not well underst...Read more...

CEP discussion paper

The labour market dynamics of households: eyes down for a full house

Little is known about the dynamic factors that shape movements in household labour market stocks. Expanding on the literature used to analyse individual labour market flows, we apply and extend dynamic techniques to the ...Read more...

CEP discussion paper

Revisiting test score forecasts and teacher value-added

We develop a framework for comparing forecasts in teacher value-added models. We apply it to interpret the teacher-switching test of Chetty, Friedman, and Rockoff (2014), showing that the teacher-switching coefficient ca...Read more...

Journal article

Large-scale Assessments in Education:

Driven to succeed? Teenagers' achievement motivation, university aspirations, and performance on high-stakes examinations

There is growing interest in how young people's socio-emotional skills, particularly motivation, shape educational outcomes. Yet less is known about how adolescents' general achievement motivation and their specific aspi...Read more...

CEP discussion paper

Is data privacy a losing game? Evidence from Apple's App Tracking Transparency (ATT) policy

We study the impact of Apple's App Tracking Transparency (ATT) policy, which requires apps to obtain explicit user permission before cross-app tracking, on the mobile gaming industry. Using SensorTower US data on the top...Read more...

CEP discussion paper

Brief yet effective: group counseling and college access for disadvantaged students

Large socioeconomic gaps in higher-education access and completion persist even among similarly talented students with access to generous funding, pointing to an important role for information frictions and unequal suppo...Read more...

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

Employer market power: models and methods

It is now widely recognized that employers hold some wage-setting power over workers, and several recent reviews cover the resulting surge of research on monopsony. We take a high-level view, introducing the idea of the ...Read more...

Journal article

Journal of Industrial Economics:

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 occasional paper

CEP wellbeing coefficient database

Wellbeing cost-benefit analysis requires credible estimates of how much specific life circumstances change subjective wellbeing. This paper documents and contextualises a compendium of 123 such estimates, drawn from 19 d...Read more...

Journal article

The Economic Journal:

Youth crime and delinquency in and out of school

Ten years of idiosyncratic variation in school closure dates for all secondary schools in England are combined with administrative records of educational and criminal trajectories linked at the individual level to study ...Read more...

Journal article

Review of Economics and Statistics:

Managing export complexity: the role of service outsourcing

As manufacturing firms expand globally, business services such as advertising and legal support become essential for entering new markets. Exploiting exogenous demand shocks, we document that French manufacturers increas...Read more...

Chapter

Advancing gender equality in parenting: the remaining challenge

in The Routledge International Handbook of Time Use Themes and Applications

The roles of men and women in the labour market have been converging in recent decades, but studies have shown that women are devoting more time to childcare, widening the gender gap in this area. Using data from the UK ...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...

Journal article

Journal of Property Investment and Finance:

Real estate insights: sweetening the dog's breakfast that is British property taxes

Purpose - This study aims to stimulate debate on the long overdue strategic reform of property taxes. Design/methodology/approach - This study adopts an approach combining a systematic literature review with economic ana...Read more...

Journal article

Journal of International Economics:

The US-China trade war creates jobs (elsewhere)

We examine the indirect effects of the 2018-2019 US-China trade war on Brazil?s labor market. We construct a measure of regional exposure to the trade conflict using industry-specific tariff changes and the sectoral empl...Read more...

Journal article

Economica:

Defining the geographical level of competition: a taxonomy of industry tradability

The paper develops a taxonomy of industry tradability to define the geographical level at which competition takes place. First, it creates a novel dataset that combines production and international trade data for both go...Read more...

Journal article

Review of World Economics:

The changing structure of global value chains and technological change: evidence from the firm-level patent data

This paper explores how changes in the relative position in the Global Value Chains (GVCs) affect firms? innovation activities. The analysis combines matched patent-firm data with information on GVC networks from the OEC...Read more...

Journal article

The Quarterly Journal of Economics:

Making the invisible hand visible: managers and the allocation of workers to jobs

Why do managers matter for firm performance? This article provides evidence of the critical role of managers in matching workers to jobs within the firm using the universe of personnel records from a large multinational ...Read more...

CEP discussion paper

Green gains from connectivity: highway expansion and forest quality

Roads are often linked to deforestation in frontier settings, but their effects in managed forests are less well understood. We investigate the intensive-margin response of forest outcomes to roads using China?s 2000?201...Read more...

CEP discussion paper

Internal pay equity and the quantity-quality trade-off in hiring

Firms face significant constraints in their ability to differentiate pay by worker productivity. We show how these internal equity constraints generate a quantity-quality trade-off in hiring: firms which offer higher wag...Read more...

Journal article

Oxford Review of Economic Policy:

A new model of parental time investments: a paradigm shift for addressing gender inequality in the labour market

This paper introduces a new framework for understanding the persistence of the motherhood penalty by emphasizing the role of on-call care. Using a pseudo-panel event study based on the 2003?22 American Time Use Survey (A...Read more...

Journal article

Journal of Urban Regeneration and Renewal:

Green belts and the inefficient allocation of land

Land is an economic resource, so the efficiency with which it is used is essentially an economic problem. This paper, therefore, approaches the issue from an economic perspective. Having surveyed the economic definitions...Read more...

CEP discussion paper

What is the "right" geographic market definition?

This paper examines the "right" geographic definition of relevant markets by analyzing how excise tax pass-through varies with local competition in the retail gasoline market of a large metropolitan city. Using a natural...Read more...

Journal article

Nature Human Behaviour:

Why single-item measures of wellbeing are best

We argue that individual wellbeing is best captured by single self-reports of one's overall quality of life. This approach is direct, efficient, globally comparable and distinguishes wellbeing from what might explain it....Read more...

Journal article

International Journal of Industrial Organization:

What is the "right" geographic market definition?

This paper examines the "right" geographic definition of relevant markets by analyzing how excise tax pass-through varies with local competition in the retail gasoline market of a large metropolitan city. Using a natural...Read more...

CEP discussion paper

A wartime labor market: the case of Ukraine

Wars disrupt labor markets, yet systematic evidence on how markets for labor services operate during conflicts is almost entirely absent. Ukraine is a rare exception: despite the full-scale Russian invasion, timely data ...Read more...

Blog

ADR UK:

Understanding labour markets through administrative data: A workshop of collaborating minds

This blog is by ADR UK Research Fellow Guglielmo Ventura, who reflects on a recent workshop hosted at the LSE Centre for Economic Performance. The event brought together leading academic and policy voices to explore how ...Read more...

Journal article

Journal of Public Economics:

The impact of subjective school ratings on principal compensation and turnover

Prior research has established that objective, test-score-based school accountability measures impact school leaders. Subjective evaluations, on the other hand, can provide a more nuanced assessment of school quality. Th...Read more...

Journal article

Economics of Education Review:

Free to improve? The impact of free school attendance in England

We evaluate the impact of attending two secondary free schools in England - new autonomous state-funded start-ups - using admission lotteries and a distance-based regression discontinuity design. We characterise each sch...Read more...

Blog

The Conversation:

Could new tenants' rights usher in rent controls? Here's why that wouldn't necessarily be a positive

The new Renters' Rights Act introduces provisions to protect tenants in England against rent increases. While the UK government says it "does not support the introduction of rent controls", the act does allow tenants to ...Read more...

Journal article

The Review of Economics and Statistics:

The importance of student-teacher matching: a multidimensional value-added approach

We propose a framework for value-added models that flexibly characterizes heterogeneous teacher productivity based on multidimensional student characteristics. We show that teacher effectiveness heavily depends on the sp...Read more...

CEP discussion paper

Personnel policy in public sector organizations: evidence from England's academy schools

Many governments are increasingly decentralizing the governance of public sector organizations, by granting more autonomy to their managers. At the same time, public sector managers often cannot use key personnel practic...Read more...

CentrePiece article

Cultural exception?

Why book publishing contradicts conventional wisdom about competition....Read more...

Journal article

The Energy Journal:

Natural gas vehicles: consequences for fuel markets and the environment

Policies to adopt cleaner fuels have become increasingly important, but their impacts on incumbent fuel prices and resulting greenhouse gas emissions remain unclear. We use a panel dataset on weekly prices at the gas sta...Read more...

Journal article

The Economic Journal:

Non-compete agreements, wages and efficiency: theory and evidence from Brazilian football

The Pele Act banned non-compete agreements in Brazilian football in 1998. We explore this policy change to study how non-competes affect the labour market. The Act changed the wage profile heterogeneously, reducing young...Read more...

Journal article

The Economic Journal:

Manipulation and selection in unemployment insurance

In this paper, we study the selection patterns of individuals who manage to have their lay-off delayed around an age at lay-off threshold entitling them to four additional months of unemployment insurance, that is, manip...Read more...

Journal article

Journal of Economic Behavior and Organization:

Recurring labour market shocks and stated and revealed preferences for redistribution

Evidence on the relationship between employment shocks and preferences for redistribution is mixed - on stated outcomes - and sparse - on revealed ones. In an incentivized survey of US workers, we measure the relationshi...Read more...

Journal article

Journal of International Economics:

Tickets to the global market: first US patent award 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 ...Read more...

Blog

The Conversation:

Housebuyers hate stamp duty. Why hasn't it been reformed before now?

For years, academic economists have argued that council tax and stamp duty are deeply flawed. But now the UK government is said to be considering a change to stamp duty so that it is only paid on houses selling for more ...Read more...

Journal article

Journal of Labor Economics:

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...

CEP discussion paper

Marriage and misallocation: evidence from 70 years of US history

The traditional expectation that married women should be homemakers restricts them from pursuing their comparative advantage in the labor market. I quantify the aggregate economic consequences of these marriage-specific ...Read more...

Journal article

American Economic Review:

Monopsony and employer misoptimization explain why wages bunch at round numbers

We show that administrative hourly wage data exhibit considerable bunching at round numbers. We run two experiments randomizing wages around $0.10 and $1.00 to experimentally measure left-digit bias for identical tasks o...Read more...

Journal article

American Economic Journal: Economic Policy:

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

Economics Letters:

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

Combining financial statements with firm-level product prices, we find that larger firms exhibit lower markups, although they are overcompensated by substantially higher wage markdowns. We explain our divergence from pri...Read more...

Journal article

Journal of Human Resources:

Closing the gap between vocational and general education?

Vocational education delivery is widely debated, with ongoing efforts to improve its effectiveness. In 2010, England introduced University Technical Colleges (UTCs), hybrid institutions combining general and vocational e...Read more...

Journal article

American Economic Journal: Applied Economics:

Background matters, but not whether parents are immigrants: outcomes of children born in Denmark

In Europe, the children of migrants often have worse economic outcomes than those with local-born parents. This paper shows that children born in Denmark with immigrant parents (first-generation locals) have lower earnin...Read more...

CentrePiece article

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

Understanding the long-term social impact of historical events provides insights into current global debates on immigration, integration and Islamophobia. In a study of the aftermath of the 9/11 attacks, Shadi Farahza...Read more...

CentrePiece article

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

Over the past four decades, the United States has seen rising market power, slowing productivity growth and deepening wealth inequality. Giammario Impullitti and Pontus Rendahl explore how declining competition may be th...Read more...

CEP discussion paper

Estimating labour market power: the long and short of it

This paper combines two empirical traditions in the study of employer monopsony power. One tradition estimates static firm labour supply elasticities, while the other focuses on labour market flows, estimating separation...Read more...

CEP discussion paper

Public sector performance disclosure: salary and career outcomes for top managers and employees

Public sector organizations around the world are held to account on the basis of objective measures of performance. This paper investigates, for the first time, the impact of subjective school inspection ratings on labor...Read more...

Blog

LSE Europp:

Cultural exception? Why regulating the book market contradicts conventional wisdom about competition

Fixing retail book prices is a common policy in Europe, but how does preventing competition affect booksellers and buyers? Christos Genakos, Lorien Sabatino and Tommaso Valletti find that when the ability to offer custom...Read more...

CEP discussion paper

Willingness to pay for workplace amenities

We develop a revealed preference approach to measure the value of workplace amenities by analyzing how variation in non-wage job attributes affects excess mass in the earnings distribution at budget discontinuities. The ...Read more...

CEP discussion paper

The US-China trade war creates jobs (elsewhere)

We examine the indirect effects of the US-China trade war on Brazil's labor market. Using industry-specific tariff changes and the sectoral employment distribution across local labor markets, we construct a measure of re...Read more...

CEP discussion paper

Minimum wages and low wage workers: compliance as non-employment margin

This paper examines the impact of a substantial minimum wage increase in Uruguay - a middle-income developing economy - on wages and employment. Using administrative data and a difference-in-differences approach, we anal...Read more...

CEP discussion paper

Youth crime and delinquency in and out of school

This paper combines ten years of idiosyncratic variation in school closure dates for all secondary schools in England with administrative records of educational and criminal trajectories linked at the individual level to...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...

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...

Journal article

Journal of Environmental Economics and Management:

Air pollution and innovation

If air pollution harms innovation - and therefore future productivity - existing assessments of its economic cost are incomplete. We estimate the effect of fine particulate matter concentration on inventive output in 977...Read more...

Blog

LSE Euro PP:

A new measure of quality of life explains why people like living in bigger cities

People like to live in certain places, even when higher wages are on offer elsewhere. Gabriel Ahlfeldt, Fabian Bald, Duncan Roth and Tobias Seidel show that once you take into account people's preferences, large cities o...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...

Chapter

WELLBY

in Elgar Encyclopedia of Behavioural and Experimental Economics

The WELLBY is a measure of individual subjective wellbeing, as judged by individuals themselves, capturing both the quality of life and the length of life. We outline its use for measuring social progress and for social ...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...

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

Economics of Education Review:

De-tracking at the margin: How alternative secondary education pathways affect student attainment

This paper estimates how marginal increases in the flexibility of between-school tracking affect student attainment by exploiting the addition of non-selective `comprehensive schools? and hybrid `vocational high schools?...Read more...

Journal article

European Economic Review:

Does the child penalty strike twice?

This paper compares the labor market trajectories of grandparents before and after the arrival of their first grandchild. We find gender gaps in earnings of 4 and 10 percent five and ten years, respectively, after the fi...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...

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...

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

Journal of Human Resources:

Firm and worker responses to extensions in paid maternity leave

This paper investigates how firms and workers respond to a voluntary government-funded program increasing the duration of paid maternity leave from four to six months in Brazil. We show that larger, higher-paying, and mo...Read more...

Journal article

Research Policy:

Who stands on the shoulders of Chinese (scientific) giants? Evidence from chemistry

China?s rise in science has the potential to push forward the knowledge frontier, but mere production of knowledge does not guarantee that others are able to build on it. We ask whether chemistry research originating fro...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...

CEP discussion paper

Measuring quality of life under spatial frictions

Using a quantitative spatial model as a data-generating process, we explore how spatial frictions affect the measurement of quality of life. We find that under a canonical parameterization, mobility frictions - generated...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...

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...

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

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...

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...

CentrePiece article

The unequal health effects of smart tech in the workplace

How does technological progress affect workers' health? Melanie Arntz, Sebastian Findeisen, Stephan Maurer and Oliver Schlenker explore the effects of digitalisation and find evidence of worsening health among manual wor...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 Politics and Policy:

Absence rates will stay high until the Covid generation leaves school

School absences increased massively during the Covid-19 pandemic and remain at higher levels. Our new research (funded by the Nuffield Foundation) shows that the high level of pupil absence in England can be attributed t...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...

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 Economic Geography:

On the productivity advantage of cities

Agglomeration externalities are the key factor explaining the existence of cities and their size. However, while the various micro foundations of agglomeration externalities stress the importance of total factor producti...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

Handbook of Labor Economics:

Handbook Talk with Stephen Machin: How does crime impact the economy and society? (Podcast)

In this podcast episode dedicated to the new edition of the Handbook of Labor Economics, Professor from the London School of Economics discusses the recent advances in the Economics of Crime. What are the economic con...Read more...