Results

CEP discussion paper

Universities, new tasks, and the rise of services

Structural transformation from manufacturing to services varies sharply across US regions. We document that regions with universities, especially highly ranked research institutions, experience faster growth in high-skil...Read more...

CEP discussion paper

Returns to green tasks in Europe: evidence from online job vacancies

There is growing evidence that green jobs have higher skill requirements, but whether they offer sufficient wage incentives to encourage workers to acquire those skills remains unclear. We study the green wage premium an...Read more...

CEP discussion paper

Capital-skill complementarity in firms and in the aggregate economy

We study capital-skill complementarity in a multi-sector framework featuring firm-specific, multi-factor production functions. We characterize the elasticity of the skill premium to the price of capital equipment in term...Read more...

CEP discussion paper

Paternity leave and child development

We study the effect of paternity leave on early child development. We collect survey data on 5,000 children under age six in Spain and exploit several extensions of paternity leave that took place between 2017 and 2021. ...Read more...

CEP discussion paper

Trade, skills and productivity

We examine how firms adjust their production and technology in response to exogenous trade shocks. We develop a model in which revenue TFP can be distinguished from quantity TFP, and where skill upgrading is explicitly e...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...

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...

Journal article

Economics Letters:

Firm-destination heterogeneity and the distribution of export intensity

We derive closed-form expressions for the distribution of export intensity when firm-destination-specific revenue shifters are distributed gamma, Frechet and Weibull in a two-country model of trade with isoelastic demand...Read more...

CEP discussion paper

Firm-level technological change and skill demand

We quantify the contribution of firm-level technological change to skill demand and aggregate inequality in the presence of imperfect competition in the labor market. We show that skill-biased technological change increa...Read more...

Journal article

Journal of the European Economic Association:

The twin peaks of the export intensity distribution

Received wisdom suggests that most exporters sell most of their output domestically. We show, however, that the distribution of export intensity varies substantially across countries and is often bimodal, displaying ?twi...Read more...

CEP discussion paper

The innovation premium to soft skills in low-skilled occupations

Matched employee-employer data from the UK are used to analyze the wage premium to working in an innovative firm. We find that firms that are more R&D intensive pay higher wages on average, and this is particularly true ...Read more...

CEP discussion paper

Twin peaks

Received wisdom suggests that most exporters sell the majority of their output domestically. In this paper, however, we show that the distribution of export intensity not only varies substantially across countries, but i...Read more...

CEP discussion paper

The productivity slowdown and the declining labor share: a neoclassical exploration

We explore the possibility that a global productivity slowdown is responsible for the widespread decline in the labor share of national income. In a neoclassical growth model with endogenous human capital accumulation a ...Read more...

Journal article

Journal of Development Economics:

Subsidies with export share requirements in China

A subsidy is subject to an export share requirement (ESR) when firms must export more than a certain share of their output to receive it. Such incentives are frequently found in free trade zones, export processing regime...Read more...

Journal article

American Economic Review:

Balanced growth despite uzawa

The evidence for the United States points to balanced growth despite falling investment-good prices and a less-than-unitary elasticity of substitution between capital and labor. This is inconsistent with the Uzawa Growth...Read more...

Journal article

Journal of Urban Economics:

Sorting and agglomeration economies in French economics departments

Are agglomeration and peer effects at stake in academic research? To tackle this question, we study how departments? characteristics affect the quantity and quality of academics? publications in economics in France, cont...Read more...

CEP discussion paper

Aggregate recruiting intensity

We develop a model of firm dynamics with random search in the labor market where hiring firms exert recruiting effort by spending resources to fill vacancies faster. Consistent with micro evidence, in the model fast-grow...Read more...

CEP discussion paper

Rethinking deindustrialization

Manufacturing in high-income countries is on the decline and Denmark is no exception. Manufacturing employment and the number of firms have been shrinking as a share of the total and in absolute levels. This paper uses a...Read more...

CEP discussion paper

Balanced growth despite Uzawa

Evidence for the United States suggests balanced growth despite falling investment-good prices and less than unitary elasticity of substitution between capital and labor. This is inconsistent with the Uzawa Growth Theore...Read more...

SERC/Urban and Spatial Programme Discussion Paper

Are People Moving Home Less? An Analysis of Address Changing in England and Wales, 1971-2011, Using the ONS Longitudinal Study

Expectations of migration and mobility steadily increasing in the longer term, which have a long currency in migration theory and related social science, are at odds with the latest US research showing a marked decline i...Read more...

SERC/Urban and Spatial Programme Discussion Paper

Is Internal Migration Slowing? An Analysis of Four Decades of NHSCR Records for England and Wales

This paper is prompted by the widespread acceptance that the rates of inter-county and inter-state migration have been falling in the USA and sets itself the task of examining whether this decline in migration intensitie...Read more...

CEP discussion paper

Locus of control and its intergenerational implications for early childhood skill formation

We propose a model in which parents have a subjective belief about the impact of their investment on the early skill formation of their children. This subjective belief is determined in part by locus of control (LOC), i....Read more...

Journal article

Review of Economics and Statistics:

Has ICT polarized skill demand? Evidence from eleven countries over twenty-five years

We test the hypothesis that information and communication technologies (ICT) polarize labor markets by increasing demand for the highly educated at the expense of the middle educated, with little effect on low-educated w...Read more...

CEP discussion paper

A question of degree: The effects of degree class on labor market outcomes

How does measured performance at university affect labor market outcomes? We show that degree class - a coarse measure of student performance used in the UK - causally affects graduates' industry and hence expected wages...Read more...

CEP discussion paper

Incentives for Quality over Time - The Case of Facebook Applications

We study the market for applications on Facebook, the dominant platform for social networking and make use of a rule change by Facebook by which high-quality applications were rewarded with further opportunities to engag...Read more...

CEP discussion paper

Assignment Reversals: Trade, Skill Allocation and Wage Inequality

Understanding the allocation of skilled labor across industries is necessary to explain inter-industry wage differences and the effect of trade on wages. This paper develops a multi-sector assignment model with both hete...Read more...

CentrePiece article

Team performance and the optimal spread of talent

Alex Bryson and colleagues use US baseball data to investigate whether performance suffers if there is too wide a gap between the skills of a team's stars and the rest....Read more...

CEP discussion paper

Import Competition from and Outsourcing to China: A Curse or Blessing for Firms?

We use Belgian manufacturing firm-level data over the period 1996- 2007 to analyze the impact of imports from different origins on firm growth, exit, and skill upgrading. For this purpose we use both industry-level and f...Read more...

CEP discussion paper

Heterogeneous Worker Ability and Team-Based Production: Evidence from Major League Baseball, 1920-2009

A detailed longitudinal dataset is assembled containing annual performance and biographical data for every player over the entire history of professional major league baseball. The data are then aggregated to the team le...Read more...

CEP discussion paper

The Growth of Extended 'Entry Tournaments' and the Decline of Institutionalised Occupational Labour Markets in Britain

In recent years, British labour markets have been characterised by a decline of institutional regulation of entry routes into many occupations and internal labour markets. This paper examines this change by comparing occ...Read more...

CEP discussion paper

Has ICT Polarized Skill Demand? Evidence from Eleven Countries over 25 Years

OECD labor markets have become more ?polarized? with employment in the middle of the skill distribution falling relative to the top and (in recent years) also the bottom of the skill distribution. We test the hypothesis ...Read more...

CEP discussion paper

Accounting for Research and Productivity Growth Across Industries

What factors underlie industry differences in research intensity and productivity growth? We develop a multi-sector endogenous growth model allowing for industry specific parameters in the production functions for output...Read more...

CEP discussion paper

Trade, Technology Adoption and Wage Inequalities: Theory and Evidence

This paper develops a model of trade that features heterogeneous firms, technology choice and different types of skilled labor in a general equilibrium framework. Its main contribution is to explain the impact of trade i...Read more...

CEP discussion paper

Modern Management: Good for the Environment or Just Hot Air?

We use an innovative methodology to measure management practices in over 300 manufacturing firms in the UK. We then match this management data to production and energy usage information for establishments owned by these ...Read more...

Manpower Human Resource Lab paper

Overqualification, Job Dissatisfaction and Increasing Dispersion in the Returns to Graduate Education

Increasing dispersion in the returns to graduate education is found, using quantile regression. This trend is related to rising overqualification. We distinguish between and validate measures of ?Real? and ?Formal? overq...Read more...

Manpower Human Resource Lab paper

Leeway for the Loyal: A Model of Employee Discretion

This paper examines the factors underlying task discretion from an economist?s perspective. It argues that the key axis for understanding discretion is the trade-off between the positive effects of discretion on potentia...Read more...

CEP discussion paper

The Effect of Trade on the Demand for Skill - Evidence from the Interstate Highway System

Since changes in trade openness are typically confounded with other factors, it has been difficult to identify the labor market consequences of increased international trade. The advent of the United States Interstate Hi...Read more...

CEP discussion paper

An R&D-Based Model of Multi-Sector Growth

We develop a multi-sector general equilibrium model in which productivity growth is driven by the production of sector-specific knowledge. In the model, we find that long run differences in total factor productivity grow...Read more...

CEP discussion paper

Product Market Competition Returns to Skill and Wage Inequality

This paper shows that increasing product market competition can have a direct impact on the employment relationship and on wage inequality. I develop a simple model in which an increase in product market competition incr...Read more...

CEP discussion paper

The Self Selection of Migrant Workers Revisited

Work of low-skilled migrant workers from developing countries in developed economies is a growing phenomenon and a key political and economic issue. An extensive literature has found (for the most part) that these worker...Read more...