Results

Blog

LSE Management:

How America out-deindustrialised Europe

Despite the prevailing narrative of Western deindustrialisation as one of a rigid Europe and a dynamic America, Richard Baldwin, Saul Estrin, and Bob Hancke argue that the comparison of the EU with the US turns this narr...Read more...

Journal article

The Quarterly Journal of Economics:

Putting quantitative models to the test: an application to the US-China trade war

The primary motivation behind quantitative work in international trade and many other fields is to shed light on the economic consequences of policy changes and other shocks. To help assess and potentially strengthen the...Read more...

Journal article

Journal of Economic Geography:

Left-behind versus unequal places: interpersonal inequality, economic decline and the rise of populism in the USA and Europe

Economic change over the past 20 years has rendered many individuals and territories vulnerable, leading to greater interpersonal and interterritorial inequality. This rising inequality is seen as a root cause of populis...Read more...

CentrePiece article

China at the technological frontier

The technology frontier that was dominated by the United States, Europe and Japan in the early 2000s is now much more polarised between the American and Chinese patent offices. Antonin Bergeaud and Cyril Verluise show th...Read more...

Blog

LSE USA Politics and Policy:

Long Read: Economics experts agree that a US debt default would do substantial damage to financial markets

In January, the US federal government reached the debt ceiling previously set by Congress, and is now using extraordinary measures to meet its public spending obligations. The Initiative on Global Markets Forum at the Un...Read more...

Blog

VoxEU:

Import liberalisation as export destruction: evidence from the United States

Holger Breinlich, Elsa Leromain, Dennis Novy and Thomas Sampson look at US-China trade relations to examine how import liberalisation brings down import costs and increases competition, but can also lead to lower export ...Read more...

Journal article

Journal of Economic History:

The long shadow of slavery: the persistence of slave owners in southern lawmaking

This paper documents the persistence of Southern slave owners in political power after the American Civil War. Using data from Texas, we show that former slave owners made up more than half of all state legislators until...Read more...

CEP discussion paper

Why working from home will stick

Covid-19 drove a mass social experiment in working from home (WFH). We survey more than 30,000 Americans over multiple waves to investigate whether WFH will stick, and why. Our data say that 20 percent of full workdays w...Read more...

Blog

LSE US Centre:

Trade protection along supply chains: how antidumping measures against China hurt downstream industries

Production processes are often no longer confined to a single country; supply chains can be fragmented across great distances. By contrast, tariffs are often used by individual countries to protect certain industries. In...Read more...

Blog

VoxEU:

Trade protection along supply chains: the negative effects of tariffs on downstream sectors

In a world in which production processes are fragmented across countries, the effects of tariffs propagate along supply chains, with firms in downstream industries suffering from protection upstream. This column studies...Read more...

Blog

LSE US Centre:

How economists view the US debate on extending jobless benefits

Experts discuss the trade-offs between work incentives and income support; whether top-ups should be reduced, and how economics and public health might determine federal contribution levels, writes Romesh Vaitilingam....Read more...

Journal article

Journal of Assisted Reproduction and Genetics:

Incidence of surrogacy in the USA and Israel and implications on women?s health: a quantitative comparison

Purpose: Gestational surrogacy (GS) has been researched in multiple qualitative studies. In contrast, quantitative aspects of the practice are conspicuously understudied. The present article assesses and compares the inc...Read more...

CentrePiece article

In brief... Social mobility in the United States

There is considerable geographical variation in the opportunities available to disadvantaged children in the United States, according to research by Raj Chetty, who delivered the 2016 Lionel Robbins Memorial Lectures at ...Read more...

CEP election analysis

Real Wages and Living Standards

Real wages and living standards have taken a hard hit in the UK in the recent past. Real wages of the typical (median) UK worker have fallen by almost 10% since 2008 and median family incomes have significantly fallen fo...Read more...

CentrePiece article

TTIP: is free trade coming to the North Atlantic?

If successfully concluded, the Transatlantic Trade and Investment Partnership (TTIP) would be the most ambitious free trade agreement in history. Dennis Novy explains that while the potential benefits from liberalised tr...Read more...

CentrePiece article

Falling real wages

The researchers note that there have been historically unprecedented falls in UK real wages since the start of the Great Recession. What?s more, the long US experience of stagnant real wages (median real weekly earnings ...Read more...

Journal article

Economica:

Unemployment in the Great Recession

This paper studies the responses of unemployment in Germany, the USA and the UK to the Great Recession of 2008-9 using Beveridge curve analysis, and in the entire OECD using other techniques. It is shown that the UK suff...Read more...

CEP US election analysis

Inequality and opportunity: the return of a neglected debate

During this election period many Americans are feeling angry towards the very rich, especially those working in the financial sector, who helped cause the Great Recession and yet were bailed out by the government. Increa...Read more...

CEP US election analysis

Healthcare Reform: The US Policy Debate

The ability of the next US president to rein in spending on healthcare and improve the productivity of the healthcare system is largely going to determine the country?s fiscal future. That is one of the conclusions of th...Read more...

CentrePiece article

The doomsday cycle turns: who's next?

Peter Boone and Simon Johnson believe that there are more and worse financial crises to come....Read more...

CentrePiece article

Challenges for the dollar as a reserve currency

Gianluca Benigno examines the extent to which the financial crisis has undermined the dollar's pre-eminence....Read more...