Results

CEP discussion paper

Input uncertainty and firm performance: evidence from critical minerals

We study the effect of input uncertainty about critical minerals on firm performance, separating the second-moment risk channel from first-moment mineral sentiment and from general firm-level uncertainty. Using earnings-...Read more...

CEP discussion paper

The Economics of climate innovation: technology, climate policy, and the clean energy transition

We examine the economics of climate innovation and its role in the clean technology transition. It outlines the incentives, market failures, and policy levers that shape the development and diffusion of clean technologie...Read more...

CEP discussion paper

Cleaner energy, higher risk? Firm-level exposure to critical minerals

To what extent has the rise of clean energy technologies created new vulnerabilities in global supply chains? In this paper, I study the role of a new type of 'input uncertainty' associated with critical minerals that un...Read more...

Blog

LSE USAPP:

The US-China rare earths deal shows the importance of critical materials in a new era of strategic interdependence

The accelerating shift to clean energy and advanced technologies is redrawing the map of global economic power. As nations and firms race to secure critical minerals, rare earths - small in trade value but high in strate...Read more...

CEP discussion paper

Nice work if you can get it? The distribution of employment and earnings during the early years of the clean energy transition

The transition to clean energy represents a fundamental and important shift in economic activity. We present new facts about workers in clean and legacy energy sectors between 2005 and 2019 using linked, administrative e...Read more...

Blog

Vox EU:

How an oil price crash sparked clean innovation: Insights from Norway

The transition to clean energy will require a significant reallocation of technological investments away from fossil energy sources towards cleaner alternatives. This column investigates whether leveraging the technologi...Read more...

Journal article

The Economic Journal:

Employer screening and optimal unemployment insurance

Field experiments show that employers are less likely to consider long-term unemployed job-seekers for interviews. We study the implications for optimal unemployment insurance (UI). Based on a structural model of job sea...Read more...

Journal article

Review of Economics and Statistics :

Vacancy duration and wages

We estimate the elasticity of vacancy duration with respect to posted wages, using data from the near-universe of online job adverts in the United Kingdom. Our research design identifies duration elasticities by leveragi...Read more...

Journal article

Energy Policy:

Big oil and the energy transition: evidence from M&A

International Oil Companies (IOCs) represent a significant source of capital and expertise that could be deployed to contribute to the investment required to achieve the energy transition to a low carbon future. This pap...Read more...

CEP discussion paper

Vacancy duration and wages

We estimate the elasticity of vacancy duration with respect to posted wages, using data from the near-universe of online job adverts in the United Kingdom. Our research design identifies duration elasticities by leveragi...Read more...

CEP discussion paper

Knowledge spillovers from clean innovation. A tradeoff between growth and climate?

Innovation policy faces a tradeoff between growth and climate objectives when the knowledge spillover externality from clean innovation is low compared to other sectors. To make such a comparison, we use patent data to e...Read more...

Journal article

Applied Energy:

Optimising the geospatial configuration of a future lithium-ion battery recycling industry in the transition to electric vehicles and a circular economy

Rapid electrification of the transport system will generate substantial volumes of Lithium-ion-battery (LiB) waste as batteries reach their end-of-life. Much attention focuses on the recycling processes, neglecting a bro...Read more...

CEP discussion paper

A few Euro more: benefit generosity and the optimal path of unemployment benefits

In this paper, we exploit the provision of higher UB at different points of the unemployment spell to shed light on the relative cost of insurance at different horizons after the job loss. First, we exploit a double cap ...Read more...

Journal article

Journal of Population Economics:

Social mobility and political regimes: intergenerational mobility in Hungary, 1949-2017

This paper measures social mobility rates in Hungary during the period 1949 to 2017, using surnames to measure social status. In those years, there were two very different social regimes. The first was the Hungarian Peop...Read more...

CEP discussion paper

Innovation, growth and the transition to net-zero emissions

The climate crisis and the global economic impact of the Covid-19 crisis occur against a background of slowing growth and widening inequalities, which together imply an urgent need for a new environmentally sustainable a...Read more...

Journal article

American Economic Review:

How local are labor markets? Evidence from a spatial job search model

This paper models the optimal search strategies of the unemployed across space to characterize local labor markets. Our methodology allows for linkages between numerous areas, while preserving tractability. We estimate t...Read more...

Journal article

American Economic Review:

Is modern technology responsible for jobless recoveries?

Since the early 1990s, recoveries from recessions in the US have been plagued by weak employment growth. We investigate whether a similar problem afflicts other developed economies, and whether technology is a culprit. W...Read more...

Journal article

IZA Journal of Labor and Development:

Pathways from school to work in the developing world

This paper uses novel micro data from the ILO-STWT surveys to provide evidence on the duration, endpoint, and determinants of the transition from school to work in a sample of 23 low- and middle-income countries around t...Read more...

CEP discussion paper

The Land that Lean Manufacturing Forgot? Management Practices in Transition Countries

We have conducted the first survey on management practices in transition countries. We found that Central Asian transition countries, such as Uzbekistan and Kazakhstan, have on average very poor management practices. The...Read more...

CEP discussion paper

Collective Agreements, Wages and Restructuring in Transition

Using a large matched employer-employee dataset, the authors investigate the relationship between collective agreements, wages and restructuring in transition in three former centrally planned economies (Czech Republic, ...Read more...

SERC/Urban and Spatial Programme Discussion Paper

The Dynamics of FDI Location: A Markov Analysis for British Regions

The paper uses the framework of Markov chains to examine convergence in the location of inward foreign direct investment across the regions of Great Britain over 1985-2005. An analysis is undertaken by industry group tha...Read more...

SERC/Urban and Spatial Programme Discussion Paper

Re-Investment and the Survival of Foreign-Owned Plants

Foreign-owned plants have higher conditional exit rates, but this paper tests the hypothesis that re-investment 'embeds' these plants, leading to significantly longer survival time durations. A unique dataset is used for...Read more...

CEP discussion paper

Apprenticeship in Europe: 'Fading' or Flourishing?

This paper sets out the extent and defining characteristics of apprenticeship in Europe. Apprenticeship is then situated within the wider context of European provision for education and training of 16-19 year olds and a ...Read more...

CEP discussion paper

The Impact of the Labour Market on the Timing of Marriage and Births in Spain.

The main purpose of this paper is to show how the labour market affects Spanish individual fertility decisions. Spain is an interesting case due to its huge fertility decline. Our hypothesis is that precarious Spanish la...Read more...

CEP discussion paper

Fixed-Term Contracts and the Duration Distribution of Unemployment

In the mid-1980s, many European countries introduced fixed-term contracts. Since then their labor markets have become more dynamic. This paper studies the implications of such reforms for the duration distribution of une...Read more...

CEP discussion paper

Explaining Currency Crises: A Duration Model Approach

This paper is an empirical investigation into the duration of exchange rate episodes characterized by the absence of speculative attacks. We estimate a duration model for OECD countries during the 1970-1997 period. Speci...Read more...

CEP discussion paper

Pension Problems and Reforms in the Czech Republic, Hungary, Poland and Romania

Pension systems and, as ratios of GDP, pension expenditures show large variation among countries. This variation reflects, above all, demographic factors and differences in the level of insurance protection, the latter t...Read more...

CEP discussion paper

Macroeconomic Policies and Achievements in Transition Economies, 1989-1999

The paper discusses the reasons for the observed variation in the sequencing, speed and content of reform policies, in the 1990s, among 25 post-socialist countries of Central Europe and the Former Soviet Union. It argues...Read more...

CEP discussion paper

Unemployment Dynamics, Duration and Equilibrium: Evidence from Britain

This paper challenges the consensus on the nature of unemployment dynamics in Britain. We show that the argument that changes in unemployment arise mostly from changes in the duration of unemployment (rather than in the ...Read more...

CEP discussion paper

Whence Reform? A Critique of the Stiglitz Perspective

This paper discusses the key hypotheses which Joseph Stiglitz proposed, in his wide-ranging critique of the 'Washington Consensus', with regard to transition reforms and economic polices in China and Russia. The primar...Read more...

CEP discussion paper

A Simple Model of the Transformational Recession Under a Limited Mobility Constraint

This paper considers the impact on sectoral outputs and employments of rapid and large changes in relative prices, such as those which occurred in transition economies during the 1990s. A simple general equilibrium model...Read more...

CEP discussion paper

Tenures that Shook the World: Worker Turnover in Russia, Poland and Britain

We study worker turnover in a transition economy to investigate to what extent the length of time a worker has been employed by a firm shapes the turnover process. Using data from the Polish Labour Force Survey and The R...Read more...

CEP discussion paper

Workers' Transitions from Temporary to Permanent Employment: the Spanish Case

This paper studies the duration pattern of fixed-term contracts and the determinants of the transformation of these into permanent ones. To address this issue we estimate a duration model for temporary employment, with c...Read more...