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LSE Business Review:

How the Great Recession affected millennial education and careers

In 2025 the proportion of young British people aged 16 to 24 who were not in education, employment or training was at its highest since 2014. How much impact do educational choices made at that age have on future careers...Read more...

Journal article

Industrial and Corporate Change:

More or the same? Radical, disruptive, discontinuous, and breakthrough innovation

This paper addresses the conceptual ambiguity in the literature on exceptional innovations, labeled ?radical,? ?disruptive,? ?breakthrough,? or ?discontinuous.? A bibliometric analysis of 4407 articles shows that differe...Read more...

Journal article

American Economic Journal: Microeconomics:

Technology transfer in global value chains

Global value chains create opportunities for North-South technology diffusion. This paper studies technology transfer in value chains when contracts are incomplete and input production technologies are imperfectly exclud...Read more...

Journal article

The Economic Journal:

Individual consequences of occupational decline

We assess the career earnings losses that individual Swedish workers suffered when their occupations' employment declined. High-quality data allow us to overcome sorting into declining occupations on various attributes, ...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...

CentrePiece article

Higher education funding reforms in England

Reforms in higher education funding, which have taken England from offering free-of-charge, full-time undergraduate studies to being one of the most expensive systems in the OECD, have led to a reduction in the participa...Read more...

CEP discussion paper

Higher education funding reforms: a comprehensive analysis of educational and labour market outcomes in England

This paper investigates the impact of changes in the funding of higher education in England on students? choices and outcomes. Over the last two decades ? through three major reforms in 1998, 2006 and 2012 ? undergraduat...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

The Economic Journal:

Adjusting your dreams? High school plans and dropout behaviour

At the end of middle school, many low-achieving students realise that they do not have the ability to get into selective high school programmes, which may be a source of disengagement and eventually lead them to drop out...Read more...

CentrePiece article

In brief... What can be done to help low-achieving teenagers?

Young people who drop out of school are far more likely to experience unemployment and poverty than their peers. Experimental research by Eric Maurin and colleagues in deprived neighbourhoods of Paris shows the effective...Read more...

Journal article

Tijdschrift voor Economische en Sociale Geografie, Journal of Economic and Human Geography:

The geography of foreign investments in the EU neighbourhood

This paper aims at investigating the drivers of Multinational Enterprise (MNE) investment in countries linked to the `core? of the European Union (EU 15) by different degrees of functional, economic and political integra...Read more...

Journal article

The Review of Economics and Statistics:

Survive another day: using changes in the composition of investments to measure the cost of credit constraints

We introduce a novel empirical strategy to measure the size of credit shocks. Theoretically, we show that credit shocks reduce the value of long-term relative to short-term investments. Empirically, we can therefore comp...Read more...

CEP discussion paper

Survive Another Day: Using Changes in the Composition of Investments to Measure the Cost of Credit Constraints

We introduce a novel empirical strategy to measure credit shocks. Theoretically, we show that credit shocks reduce the value of long term investments relative to short term ones. Under the (conservative) assumption that ...Read more...

Journal article

The Quarterly Journal of Economics:

Does management matter? Evidence from India

A long-standing question is whether differences in management practices across firms can explain differences in productivity, especially in developing countries where these spreads appear particularly large. To investiga...Read more...

CEP discussion paper

Does Management Matter? Evidence from India

A long-standing question in social science is to what extent differences in management cause differences in firm performance. To investigate this we ran a management field experiment on large Indian textile firms. We pro...Read more...