Results

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...

CentrePiece article

How the US-China trade conflict boosted exports and employment in Mexico

Lower-paid workers in Mexican firms gained as exports shifted....Read more...

Blog

Liberty Street Economics:

How Firms Spread Good Management

What is good management, and how is it transmitted across firms and plants? In a recent paper, we use survey and administrative data, coupled with a structural model of management, to explore these questions. We show tha...Read more...

Blog

Vox EU:

The US-China trade war created jobs (elsewhere)

In June 2016, Donald Trump justified the protectionist policies during his first administration as "the quickest way to bring our jobs back to our country". This column shows that while the trade war with China failed to...Read more...

Journal article

Psychological Science:

Feeling good is feeling better

Can people remember their past happiness? We analyzed data from four longitudinal surveys from the United States, France, the United Kingdom, and Germany spanning from the 1970s until the present, in which more than 60,0...Read more...

Blog

Vox EU:

Structural change within versus across firms: evidence from the US

One feature of the US economy over the last five decades has been the transition away from manufacturing towards services. This column takes a firm-level view of structural change from 1977-2019 to study these sectoral d...Read more...

Journal article

The Quarterly Journal of Economics :

The slope of the Phillips Curve: evidence from US States

We estimate the slope of the Phillips curve in the cross section of U.S. states using newly constructed state-level price indices for nontradeable goods back to 1978. Our estimates indicate that the slope of the Phillips...Read more...

Blog

VoxEU:

Misallocation explains worse management among Mexican firms

The implications of poor management in developing countries are becoming well known, but what drives these differences is less clear. Based on large new surveys in Mexico and the US, this column argues that misallocation...Read more...

Journal article

Economica:

Suburbanization in the USA, 1970-2010

The second half of the 20th century saw large-scale suburbanization in the USA, with the median share of residents who work in the county where they live falling from 87% to 71% between 1970 and 2000. We introduce a new ...Read more...

Journal article

Annual Review of Economics:

Inflation inequality: measurement, causes, and policy implications

Does inflation vary across the income distribution? This article reviews the growing literature on inflation inequality, describing recent advances and opportunities for further research in four areas. First, new price i...Read more...

Journal article

Journal of Urban Economics:

Market tremors: Shale gas exploration, earthquakes, and their impact on house prices

Shale gas has grown to become a major new source of energy in countries around the globe. While its importance for energy supply is well recognized, there has also been public concern over potential risks from hydraulic ...Read more...

CEP discussion paper

The UK's great demand and supply recession

We revisit UK?s poor productivity performance since the Great Recession by means of both a suitable theoretical framework and firm-level prices and quantities data for detailed products allowing us to both measure demand...Read more...

Journal article

The Economic Journal:

Merger policy in a quantitative model of international trade

In a two-country international trade model with oligopolistic competition, we study the conditions on market structure and trade costs under which a merger policy designed to benefit domestic consumers is either too toug...Read more...

Journal article

Economica:

Who got the Brexit blues? The effect of Brexit on subjective Wellbeing in the UK

We use the 2015?16 waves of the UK Household Longitudinal Study (Understanding Society) to look at subjective wellbeing around the time of the June 2016 EU membership Referendum in the UK (Brexit). We employ measures of ...Read more...

Journal article

The Quarterly Journal of Economics:

Protests as strategic games: experimental evidence from Hong Kong's antiauthoritarian movement

Social scientists have long viewed the decision to protest as strategic, with an individual's participation a function of their beliefs about others' turnout. We conduct a framed field experiment that recalibrates indivi...Read more...

Journal article

The Quarterly Journal of Economics:

Who becomes an inventor in America? The importance of exposure to innovation

We characterize the factors that determine who becomes an inventor in the United States, focusing on the role of inventive ability (?nature?) versus environment (?nurture?). Using deidentified data on 1.2 million invento...Read more...

Journal article

The Quarterly Journal of Economics:

The unequal gains from product innovations: evidence from the US retail sector

This article examines how product innovations led to inflation inequality in the United States from 2004 to 2015. Using scanner data from the retail sector, I find that annual inflation for retail products was 0.661 (std...Read more...

Journal article

The Quarterly Journal of Economics:

Firming up inequality

We use a massive,matched employer-employee database for the United States to analyze the contribution of firms to the rise in earnings inequality from 1978 to 2013. We find that one-third of the rise in the variance of (...Read more...

Journal article

The Economic Journal:

The time value of housing: historical evidence on discount rates

Most London housing transactions involve trading long leases of varying lengths. We exploit this to estimate the time value of housing ? the relationship between the price of a property and the term of ownership ? over a...Read more...

Journal article

ILR Review:

The impact of acquiring unrestricted work authorization on Romanian and Bulgarian migrants in the United Kingdom

When Romania and Bulgaria (the so-called A2 countries) joined the European Union in 2007, the United Kingdom imposed temporary restrictions on the employment and welfare entitlements of A2 citizens that lasted until Janu...Read more...

Journal article

Economic Policy:

Who voted for Brexit? A comprehensive district-level analysis

On 23 June 2016, the British electorate voted to leave the European Union (EU). We analyse vote and turnout shares across 380 local authority areas in the United Kingdom. We find that exposure to the EU in terms of immig...Read more...

CVER Research Paper

The longer the better? The impact of the 2012 apprenticeship reform in England on achievement and other outcomes

In this paper, we estimate the effect of a reform of apprenticeships in England in 2012, which changed the duration for Intermediate Apprenticeships in many industries, while other sectors already exceeded the incoming m...Read more...

CVER Briefing Note

An analysis of the duration and achievement of apprenticeships in England

For the cohort of all 516,880 intermediate and advanced apprenticeships starting in England in 2011/12, we find that one third were withdrawn and a further 10 per cent were not completed within 36 months. We find that c...Read more...

Journal article

The Quarterly Journal of Economics:

Smart and illicit: who becomes an entrepreneur and do they earn more?

We disaggregate the self-employed into incorporated and unincorporated to distinguish between "entrepreneurs" and other business owners. We show that the incorporated self-employed and their businesses engage in activiti...Read more...

Journal article

The Economic Journal:

My precious! The location and diffusion of scientific research: evidence from the synchrotron Diamond Light Source

We analyse the impact of the establishment of the Diamond Light Source synchrotron, a large basic scientific research facility in the UK, on the geographic distribution of related research. To account for the potentially...Read more...

Journal article

American Economic Review:

A structural model of the retail market for illicit drugs

We estimate a model of illicit drugs markets using data on purchases of crack cocaine. Buyers are searching for high-quality drugs, but they determine drugs' quality (i.e., their purity) only after consuming them. Hence,...Read more...

CentrePiece article

In brief... Fear of fracking: the impact on UK house prices

Shale gas offers the prospect of a low-cost energy future ? but does extracting it invoke anxieties about the possibility of environmental catastrophe among local residents? Research by Steve Gibbons and colleagues detec...Read more...

Journal article

Economics of Education Review:

Assessing the effect of school days and absences on test score performance

While instructional time is viewed as crucial to learning, little is known about the effectiveness of reducing absences relative to increasing the number of school days. Using administrative data from North Carolina publ...Read more...

Journal article

The Economic Journal:

Unemployment and domestic violence: theory and evidence

Does rising unemployment really increase domestic violence as many commentators expect? The contribution of this article is to examine how changes in unemployment affect the incidence of domestic abuse. Theory predicts t...Read more...

SERC/Urban and Spatial Programme Discussion Paper

Fear of Fracking? The Impact of the Shale Gas Exploration on House Prices in Britain

Shale gas has grown to become a major new source of energy in countries around the globe. While its importance for energy supply is well recognized, there has also been public concern over potential risks ? such as dama...Read more...

Journal article

Journal of Social Policy:

Educational inequality, educational expansion and intergenerational mobility

The distribution of education by social background and the mobility prospects of society are intimately connected. To begin to predict future trends in mobility in the UK we bring together evidence on educational inequal...Read more...

Journal article

The Economic Journal:

Tariffs, trade and productivity: a quantitative evaluation of heterogeneous firm models

We examine the quantitative predictions of heterogeneous firm in the context of the Canada?US Free Trade Agreement (CUSFTA) of 1989. We compute predicted increases in trade flows and measured productivity and compare the...Read more...

Journal article

Economic Policy:

Academies, charter and free schools: do new school types deliver better outcomes?

School reforms featuring the introduction of new types of schools have occurred in the education systems of a number of countries. The most well-known of these new school types to be recently introduced are charter schoo...Read more...

Journal article

Oxford Economic Papers:

Graduate returns, degree class premia and higher education expansion in the UK

We investigate the extent to which graduate returns vary according to the class of degree achieved by UK university students, and examine changes over time in estimated degree class premia. Using a variety of complementa...Read more...

Journal article

The Economic Journal:

Does management matter in schools?

We collect data on management practices in over 1,800 high schools in eight countries. We show that higher management quality is strongly associated with better educational outcomes. The UK, Sweden, Canada and the US obt...Read more...

CEP discussion paper

The Impacts of the Climate Change Levy on business: Evidence from Microdata

We estimate the impacts of the Climate Change Levy (CCL) on manufacturing plants using panel data from the UK production census. Our identification strategy builds on the comparison of outcomes between plants subject to ...Read more...

CEP discussion paper

Frustrated Demand for Unionisation: the Case of the United States and Canada Revisited

In this paper we demonstrate that there is a substantial union representation gap in the United States. We arrive at this conclusion by comparing Canadian and American worker responses to questions relating to desired un...Read more...