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CEP Discussion Papers

Colocation and Knowledge Diffusion: Evidence from Million Dollar Plants Christian Fons-Rosen, Vincenzo Scrutinio and Katalin Szemeredi August 2016
Paper No' CEPDP1447:
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JEL Classification: O3; R11; R12


Tags: productivity; innovation; knowledge diffusion

Does Rosie Like Riveting? Male and Female Occupational Choices Grace Lordan and Jörn-Steffen Pischke
August 2016
Paper No' CEPDP1446:
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JEL Classification: J16; J4


Tags: occupational choice; job content; gender; preferences

A Unified Approach to Estimating Demand and Welfare Stephen J. Redding and David E. Weinstein
August 2016
Paper No' CEPDP1445:
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JEL Classification: D11; D12; E01; E31


Tags: elasticity of substitution; price index; consumer valuation bias; new goods; welfare

The Economic Impact of Universities: Evidence from Across the Globe Anna Valero and John Van Reenen
August 2016
Paper No' CEPDP1444:
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JEL Classification: I23; I25; J24; O10; O31


Tags: universities; growth; human capital; innovation

STEM Graduates and Secondary School Curriculum: Does Early Exposure to Science Matter? Marta De Philippis
August 2016
Paper No' CEPDP1443:
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JEL Classification: J16; J24; I28; I21


Tags: university education; high school curriculum; stem

Product Mix and Firm Productivity Responses to Trade Competition Thierry Mayer, Marc J. Melitz and Gianmarco I. P. Ottaviano
July 2016
Paper No' CEPDP1442:
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Tags: productivity; trade; competition

The Host with the Most? The Effects of the Olympic Games on Happiness Paul Dolan, Georgios Kavetsos, Christian Krekel, Dimitris Mavridis, Robert Metcalfe, Claudia Senik, Stefan Szymanski and Nicolas R. Ziebarth July 2016
Paper No' CEPDP1441:
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JEL Classification: I30; I31; I38; L83; Z20; Z28


Tags: subjective wellbeing; life satisfaction; happiness; olympic games; natural experiment

CEO Pay and the Rise of Relative Performance Contracts: A Question of Governance Brian Bell and John Van Reenen
July 2016
Paper No' CEPDP1439:
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JEL Classification: J33; J31; G30


Tags: ceo; pay; incentives; equity plans

Powering Education Fadi Hassan and Paolo Lucchino
July 2016
Paper No' CEPDP1438:
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JEL Classification: O12; I25; C93


Tags: randomised controlled trial; solar lamps; education; energy access; spillover effects; randomised saturation design

Local and Sectoral Import Spillovers in Sweden Evangelia Leda Pateli
June 2016
Paper No' CEPDP1437:
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JEL Classification: J; R


Tags: importers; spillovers

Without My medal on My Mind: Counterfactual Thinking and Other Determinants of Athlete Emotions Paul Dolan, Chloe Foy, Georgios Kavetsos and Laura Kudrna June 2016
Paper No' CEPDP1436:
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JEL Classification: D60; I31


Tags: counterfactual thinking; close calls; relative status; happiness; olympic games

Production Networks, Geography and Firm Performance Andrew B. Bernard, Andreas Moxnes and Yukiko U. Saito
June 2016
Paper No' CEPDP1435:
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JEL Classification: F14; D22; D85; L10; L14; R12


Tags: production networks; trade; productivity; infrastructure

Management as a Technology? Nicholas Bloom, Raffaella Sadun and John Van Reenen
June 2016
Paper No' CEPDP1433:
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JEL Classification: L2; M2; O32; O33


Tags: management practices; productivity; competition

Product Switching and the Business Cycle Andrew B. Bernard and Toshihiro Okubo
May 2016
Paper No' CEPDP1432:
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JEL Classification: L11; E32; L21; L25; L60


Tags: product adding; product dropping; multi-product firms; trapped factors

Protectionism through Exporting: Subsidies with Export Share Requirements in China Fabrice Defever and Alejandro Riaño
May 2016
Paper No' CEPDP1431:
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JEL Classification: F12; F13; O47


Tags: export share requirements; export subsidies; trade policy; heterogeneous firms; china

Exporter Dynamics and Partial-Year Effects Andrew B. Bernard, Renzo Massari, Jose-Daniel Reyes and Daria Taglioni
May 2016
Paper No' CEPDP1430:
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JEL Classification: F14; C81; D22


Tags: export entry; export growth; margins of trade; heterogeneous firms

The Elusive Employment Effect of the Minimum Wage Alan Manning
May 2016
Paper No' CEPDP1428:
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JEL Classification: J3


Tags: minimum wage; employment

The Effect of Discretion on Procurement Performance Decio Coviello, Andrea Guglielmo and Giancarlo Spagnolo
April 2016
Paper No' CEPDP1427:
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JEL Classification: D02; D44; C31; L11


Tags: procurement; restricted auctions; regression discontinuity; regulatory discretion

Two-sided heterogeneity and Trade Andrew B. Bernard, Andreas Moxnes and Karen Helene Ulltveit-Moe
April 2016
Paper No' CEPDP1426:
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JEL Classification: F10; F12; F14


Tags: heterogeneous firms; exporters; importers; sourcing costs; trade elasticity

"Teaching to Teach" Literacy Stephen Machin, Sandra McNally and Martina Viarengo
April 2016
Paper No' CEPDP1425:
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JEL Classification: I21;I28


Tags: literacy; phonics

Rethinking Deindustrialization Andrew B. Bernard, Valerie Smeets and Frederic Warzynski
April 2016
Paper No' CEPDP1423:
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JEL Classification: D22; F61; L25


Tags: manufacturing firms; industry switching; employment; skill composition; firm performance; job separation

Politics in the Family: Nepotism and the Hiring Decisions of Italian Firms Stefano Gagliarducci and Marco Manacorda
April 2016
Paper No' CEPDP1422:
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JEL Classification: D72; D73; H72; J24; J30; M51


Tags: nepotism; family connections; politics; rent appropriation

Team Adaptation Jordi Blanes i Vidal and Marc Möller
April 2016
Paper No' CEPDP1421:
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JEL Classification: D02; D23; L29


Tags: teams; organizations; communication; disclosure; adaptation; motivation

Global Firms Andrew B. Bernard, J. Bradford Jensen, Stephen J. Redding and Peter K. Schott
April 2016
Paper No' CEPDP1420:
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JEL Classification: L11; L21; L25; L60


Tags: firm heterogeneity; international trade; multinationals; multi-product firms

Liberation Technology: Mobile Phones and Political Mobilization in Africa Marco Manacorda and Andrea Tesei
March 2016
Paper No' CEPDP1419:
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JEL Classification: D74; F50; O55; L96


Tags: protests; politics; africa; mobile phones

State Capacity and Public Goods: Institutional change, Human Capital and Growth in Early Modern Germany Jeremiah Dittmar and Ralph R. Meisenzahl March 2016
Paper No' CEPDP1418:
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JEL Classification: I25; N13; O11; O43


Tags: state capacity; institutions; growth; education; human capital; persistence

How have EU's Trade Agreements Impacted Consumers? Holger Breinlich, Swati Dhingra and Gianmarco Ottaviano
March 2016
Paper No' CEPDP1417:
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Tags: trade agreements; eu; consumers

Management Practices, Workforce Selection and Productivity Stefan Bender, Nicholas Bloom, David Card, John Van Reenen and Stefanie Wolter March 2016
Paper No' CEPDP1416:
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JEL Classification: L2; M2; O32; O33


Tags: management practices; productivity; wages

The Sovereign-Bank Diabolic Loop and ESBies Markus K. Brunnermeier, Luis Garicano, Philip R. Lane, Marco Pagano, Ricardo Reis, Tano Santos, David Thesmar, Stijn Van Nieuwerburgh and Dimitri Vayanos March 2016
Paper No' CEPDP1414:
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Tags: ‘diabolic loop’; sovereign debt crisis; esbies

Do Tax Incentives for Research Increase Firm Innovation? An RD Design for R&D Antoine Dechezleprêtre, Elias Einiö, Ralf Martin, Kieu-Trang Nguyen and John Van Reenen March 2016
Paper No' CEPDP1413:
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JEL Classification: O31; O32; H23; H25; H32


Tags: r&d; patents; tax; innovation; regression discontinuity design

Relational Knowledge Transfers Luis Garicano and Luis Rayo
March 2016
Paper No' CEPDP1412:
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JEL Classification: IO; LE


Tags: general human capital; international joint ventures; relational contracts

International Competition and Labor Market Adjustment Joao Paulo Pessoa
March 2016
Paper No' CEPDP1411:
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JEL Classification: F16; J62; J64


Tags: trade; unemployment; earnings; china

The Evolution of Gender Gaps in Industrialized Countries Claudia Olivetti and Barbara Petrongolo
February 2016
Paper No' CEPDP1410:
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JEL Classification: E24; J16; J31


Tags: female employment; gender gaps; industry structure

One Mandarin Benefits the Whole Clan: Hometown Favoritism in an Authoritarian Regime Quoc-Anh Do, Kieu-Trang Nguyen and Anh N. Tran February 2016
Paper No' CEPDP1409:
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JEL Classification: O12; D72; H72


Tags: favoritism; patronage; authoritarian regime; political connection; hometown; infrastructure; distributive politics

Models of Affective Decision-making: How do Feelings Predict Choice? Caroline J. Charpentier, Jan-Emmanuel De Neve, Jonathan P. Roiser and Tali Sharot February 2016
Paper No' CEPDP1408:
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JEL Classification: D01; D03; D81


Tags: decision-making; feelings; subjective well-being; value; utility; prospect theory

Swimming Upstream: Input-output Linkages and the Direction of Product Adoption Johannes Boehm, Swati Dhingra and John Morrow
February 2016
Paper No' CEPDP1407:
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JEL Classification: L1; L2; M2; O3


Tags: multiproduct firms; product adoption; vertical linkages; horizontal linkages

Reservation Wages and the Wage Flexibility Puzzle Felix Koenig, Alan Manning and Barbara Petrongolo
February 2016
Paper No' CEPDP1406:
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JEL Classification: J63; J64; E24


Tags: job search; reservation wages; wage cyclicality; reference dependence

Stagnation Traps Gianluca Benigno and Luca Fornaro
February 2016
Paper No' CEPDP1405:
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JEL Classification: E32; E43; E52; O42


Tags: secular stagnation; liquidity traps; growth traps; endogenous growth; multiple equilibria

Minimum Wages and Firm Value Brian Bell and Stephen Machin
January 2016
Paper No' CEPDP1404:
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JEL Classification: J23; L25


Tags: minimum wages; firm value

Balanced Growth Despite Uzawa Gene M. Grossman, Elhanan Helpman, Ezra Oberfield and Thomas Sampson
January 2016
Paper No' CEPDP1403:
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JEL Classification: J2; E1; O1; O4


Tags: demand; neoclassical growth; balanced growth; technological progress; capital-skill complementarity

Unraveling Firms: Demand, Productivity and Markups Heterogeneity Emanuele Forlani, Ralf Martin, Giordano Mion and Mirabelle Muûls January 2016
Paper No' CEPDP1402:
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JEL Classification: D24; L11; L25; F14


Tags: demand; productivity; markups; production function estimation; export status; firm size

Top Incomes and Human Well-Being Around the World Richard V. Burkhauser, Jan-Emmanuel De Neve and Nattavudh Powdthavee
January 2016
Paper No' CEPDP1400:
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JEL Classification: D63; I3


Tags: top income; life evaluation; well-being; income inequality; world top income database; gallup world poll

On the Comparative Advantage of U.S. Manufacturing: Evidence from the Shale Gas Revolution Rabah Arezki and Thiemo Fetzer
January 2016
Paper No' CEPDP1399:
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JEL Classification: Q33; O13; N52; R11; L71


Tags: manufacturing; exports; energy prices; shale gas

Flooded Cities Adriana Kocornik-Mina, Thomas K.J. McDermott, Guy Michaels and Ferdinand Rauch
December 2015
Paper No' CEPDP1398:
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JEL Classification: R11; Q54


Tags: urbanization; flooding; climate change; urban recovery

Productivity and Organization in Portuguese Firms Lorenzo Caliendo, Giordano Mion, Luca David Opromolla and Esteban Rossi-Hansberg December 2015
Paper No' CEPDP1397:
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JEL Classification: D22; D24; L23; F16; J24; J31


Tags: productivity; organization; wages; managers; layers; tfp; firm size

Testing Means-Tested Aid Richard Murphy and Gill Wyness
December 2015
Paper No' CEPDP1396:
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JEL Classification: I22; I23; I28


Tags: higher education; financial aid; degree completion

The Price Ain't Right? Hospital Prices and Health Spending on the Privately Insured Zack Cooper, Stuart Craig, Martin Gaynor and John Van Reenen December 2015
Paper No' CEPDP1395:
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JEL Classification: Ill; L10; L11


Tags: healthcare; health spending; hospitals; prices; price dispersion; competition; market structure

The youngest Get the Pill: ADHD Misdiagnosis and the Production of Education in Germany Hannes Schwandt and Amelie Wuppermann December 2015
Paper No' CEPDP1394:
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JEL Classification: I1; I2; J1


Tags: adhd; misdiagnosis; age cut-off; education

Do People Seek to Maximize Their Subjective Well-Being? Marc Fleurbaey and Hannes Schwandt
November 2015
Paper No' CEPDP1391:
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JEL Classification: D03; D60


Tags: subjective well-being; life satisfaction; happiness; life goals; utility

Information Frictions and Adverse Selection: Policy Interventions in Health Insurance Markets Benjamin R. Handel, Jonathan T. Kolstad and Johannes Spinnewijn November 2015
Paper No' CEPDP1390:
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JEL Classification: D80; I13


Tags: information frictions; adverse selection; policy interventions

The Persistence of a Banking Crisis Kilian Huber
November 2015
Paper No' CEPDP1389:
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JEL Classification: D22; D53; E24; E44; G01; G21; J01; J23; J30; O16; O40; O47


Tags: banking crisis; financial frictions; lending; gdp; growth; employment

Short and Long-Term Effects of Unemployment on Fertility Janet Currie and Hannes Schwandt
November 2015
Paper No' CEPDP1387:
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JEL Classification: J6; J11; J12; J13


Tags: fertility; unemployment

Multitask Agents and Incentives: The Case of Teaching and Research for University Professors Marta De Philippis
November 2015
Paper No' CEPDP1386:
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JEL Classification: I2; J41; M5


Tags: multitasking; incentives; teaching

Commuting, Migration and Local Employment Elasticities Ferdinando Monte, Stephen J. Redding and Esteban Rossi-Hansberg
November 2015
Paper No' CEPDP1385:
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JEL Classification: F16; J6; J61; R0


Tags: commuting; migration and local employment elasticities

The Unbearable Divergence of Unemployment in Europe Tito Boeri and Juan Francisco Jimeno
November 2015
Paper No' CEPDP1384:
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JEL Classification: J3; J5


Tags: okun's law; institutions; financial shocks

Contracting and the Division of the Gains from Trade Andrew B. Bernard and Swati Dhingra
October 2015
Paper No' CEPDP1381:
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JEL Classification: F10; F12; F14


Tags: heterogeneous firms; exporters; importers; vertical integration; contracts; consumer welfare

Early Maternal Employment and Non-cognitive Outcomes in Early Childhood and Adolescence: Evidence from British Birth Cohort Data Andrew E. Clark, Warn N. Lekfuangfu, Nattavudh Powdthavee and George Ward October 2015
Paper No' CEPDP1380:
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JEL Classification: D1; I3; J6


Tags: child outcomes; maternal employment; well-being; conduct; alspac

Measuring Economic Policy Uncertainty Scott R. Baker, Nicholas Bloom and Steven J. Davis
October 2015
Paper No' CEPDP1379:
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JEL Classification: D80; E22; E66; G18; L50


Tags: economic uncertainty; policy uncertainty; business cycles; fluctuations

Merger Policy in a Quantitative Model of International Trade Holger Breinlich, Volker Nocke and Nicolas Schutz
October 2015
Paper No' CEPDP1378:
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JEL Classification: F12; F13; L13; L44


Tags: mergers and acquisitions; merger policy; trade policy; oligopoly; international trade

How Firms Export: Processing vs. Ordinary Trade with Financial Frictions Kalina Manova and Zhihong Yu
October 2015
(Revised: 07/03/2016)
Paper No' CEPDP1377:
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JEL Classification: F10; F13; F14; F23; F34; G32


Tags: china; trade regime; processing trade; global value chain; credit constraints; heterogeneous firms

The Effect of Police Response Time on Crime Detection Jordi Blanes i Vidal and Tom Kirchmaier
October 2015
Paper No' CEPDP1376:
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JEL Classification: D29; K40


Tags: police crime; organisational performance

Relational Contracts and Supplier Turnover in the Global Economy Fabrice Defever, Christian Fischer and Jens Suedekum
October 2015
Paper No' CEPDP1375:
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JEL Classification: D23; L23; F23


Tags: firm organization; input sourcing; relational contracts; supplier search; processing trade; china

Crime, Compulsory Schooling Laws and Education Brian Bell, Rui Costa and Stephen Machin
October 2015
Paper No' CEPDP1374:
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JEL Classification: I2; K42


Tags: crime; education; compulsory schooling laws

Loss Aversion on the Phone Christos Genakos, Costas Roumanias and Tommaso Valletti
September 2015
Paper No' CEPDP1373:
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JEL Classification: D03; D12; D81; L96


Tags: loss aversion; consumer switching; tariff plans; risk aversion; mobile telephony

The Benefits of Forced Experimentation: Striking Evidence from the London Underground Network Shaun Larcom, Ferdinand Rauch and Tim Willems September 2015
Paper No' CEPDP1372:
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JEL Classification: D83; L91; R41


Tags: experimentation; learning; optimization; rationality; search

Intrafirm Trade and Vertical Fragmentation in U.S. Multinational Corporations Natalia Ramondo, Veronica Rappoport and Kim J. Ruhl September 2015
Paper No' CEPDP1371:
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JEL Classification: F12; F14; L11; L25


Tags: intrafirm trade; multinational corporations; international value chains

Academies 2: The New Batch Andrew Eyles, Stephen Machin and Olmo Silva
September 2015
Paper No' CEPDP1370:
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JEL Classification: I20; I21; I28


Tags: academies; pupil intake

Diversification through Trade Francesco Caselli, Miklos Koren, Milan Lisicky and Silvana Tenreyro
August 2015
Paper No' CEPDP1388:
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JEL Classification: E32; F4; F41; F44; F6; F62


Tags: international trade; diversification; gdp

Consumption Smoothing and the Welfare Cost of Uncertainty Yonas Alem and Jonathan Colmer
August 2015
Paper No' CEPDP1369:
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JEL Classification: D8; O12; I3


Tags: uncertainty; consumption smoothing; subjective well-being

The Introduction of Academy Schools to England's Education Andrew Eyles and Stephen Machin
August 2015
Paper No' CEPDP1368:
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JEL Classification: I20; I21; I28


Tags: academies; pupil intake; pupil performance

Media, Markets and Institutional Change: Evidence from the Protestant Reformation Jeremiah Dittmar and Skipper Seabold
August 2015
Paper No' CEPDP1367:
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JEL Classification: D02; O3; N33; N94; P48; Z12; L82; C55


Tags: competition; firms; media; technology; institutions; religion; politics; high-dimensional data

Would You Choose to be Happy? Tradeoffs between Happiness and the Other Dimensions of Life in a Large Population Survey Matthew D. Adler, Paul Dolan and Georgios Kavetsos August 2015
Paper No' CEPDP1366:
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JEL Classification: D6; H00; I00; I31


Tags: happiness; subjective well-being; preferences

New Media, Competition and Growth: European Cities After Gutenberg Jeremiah Dittmar
August 2015
Paper No' CEPDP1365:
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JEL Classification: L1; N13; N33; N93; O11; O18; O33


Tags: information technology; io; media; growth; history; business education

Job Loss at Home: Children's School Performance During the Great Recession in Spain Jenifer Ruiz-Valenzuela
July 2015
Paper No' CEPDP1364:
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JEL Classification: I20; I24; J63; J65


Tags: parental job loss; school performance; great recession

Does Worker Wellbeing Affect Workplace Performance? Alex Bryson, John Forth and Lucy Stokes
July 2015
Paper No' CEPDP1363:
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JEL Classification: J28


Tags: subjective well being; job satisfaction; job-related affect; workplace performance

European Identity and Redistributive Preferences Joan Costa Font and Frank Cowell
July 2015
Paper No' CEPDP1362:
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JEL Classification: D69; O52; H53


Tags: spatial identity; europe; welfare state support

The Optimal Timing of UI Benefits: Theory and Evidence from Sweden Jonas Kolsrud, Camille Landais, Peter Nilsson and Johannes Spinnewijn July 2015
Paper No' CEPDP1361:
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JEL Classification: H20; J64


Tags: unemployment; dynamic policy; sufficient statistics; consumption smoothing

Informal Care and the Great Recession Joan Costa Font, Martin Karlsson and Henning Oien
June 2015
Paper No' CEPDP1360:
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JEL Classification: I18


Tags: long-term care; informal care; great recession; downturn; old age dependency

ICT and Education: Evidence from Student Home Addresses Benjamin Faber, Rosa Sanchis-Guarner and Felix Weinhardt
June 2015
Paper No' CEPDP1359:
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JEL Classification: F66; I20; D83


Tags: education; information and communication technology; internet

Globalization: A Woman's Best Friend? Exporters and the Gender Wage Gap Esther Ann Bøler, Beata Javorcik and Karen Helene Ulltveit-Moe June 2015
Paper No' CEPDP1358:
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JEL Classification: F10; F14; F16; J16


Tags: exporters; globalization; gender wage gap

The Persistence of Local Joblessness Michael Amior and Alan Manning
June 2015
Paper No' CEPDP1357:
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JEL Classification: J61; J64; R23


Tags: local labor markets; unemployment; inactivity; internal migration; commuting

Do More of those in Misery Suffer From Poverty, Unemployment or Mental Illness? Sarah Flèche and Richard Layard
June 2015
Paper No' CEPDP1356:
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JEL Classification: I1; I3; I31; I32


Tags: mental health; life-satisfaction; wellbeing; poverty; unemployment

The Changing Returns to Crime: Do Criminals Respond to Prices? Mirko Draca, Theodore Koutmeridis and Stephen Machin
June 2015
Paper No' CEPDP1355:
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JEL Classification: K42


Tags: crime; goods prices; metal crime; commodity prices

Firming Up Inequality Nicholas Bloom, Fatih Guvenen, David J. Price and Jae Song
May 2015
Paper No' CEPDP1354:
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JEL Classification: O2; M1


Tags: inequality; productivity and firms

Immigration, Trade and Productivity in Services: Evidence from UK Firms Gianmarco I. P. Ottaviano, Giovanni Peri and Greg C. Wright May 2015
Paper No' CEPDP1353:
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JEL Classification: F16; F10; F22; F23


Tags: immigration; services trade

Universal Pre-School Education: The Case of Public Funding with Private Provision Jo Blanden, Emilia Del Bono, Sandra McNally and Birgitta Rabe May 2015
Paper No' CEPDP1352:
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JEL Classification: I21; I24; H44


Tags: childcare; child outcomes; publicly provided goods

Retail Globalization and Household Welfare: Evidence from Mexico David Atkin, Benjamin Faber and Marco Gonzalez-Navarro
May 2015
Paper No' CEPDP1351:
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JEL Classification: F15; F23; F63; O24


Tags: supermarket revolution; foreign direct investment; gains from trade

Ill Communication: Technology, Distraction & Student Performance Louis-Philippe Beland and Richard Murphy
May 2015
Paper No' CEPDP1350:
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JEL Classification: I21; I28; O33; J24


Tags: mobile phones; technology; student performance; productivity

Space-Time (In)Consistency in the National Accounts: Causes and Cures Nicholas Oulton
May 2015
Paper No' CEPDP1349:
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JEL Classification: C43; O47; I31; F43


Tags: ppp; divisia; konüs; price index; path-dependence; consistency

Large Capital Inflows, Sectoral Allocation and Economic Performance Gianluca Benigno, Nathan Converse and Luca Fornaro
May 2015
Paper No' CEPDP1348:
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JEL Classification: F31; F32; F41; O41


Tags: capital flows; surges; sectoral allocation; sudden stops

Can Helping the Sick Hurt the Able? Incentives, Information and Disruption in a Welfare Reform Nitika Bagaria, Barbara Petrongolo and John Van Reenen April 2015
Paper No' CEPDP1347:
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JEL Classification: H51; I13; J18


Tags: incentives; public sector; unemployment benefits; performance standards

Has Performance Pay Increased Wage Inequality in Britain? Mark Bryan and Alex Bryson
April 2015
Paper No' CEPDP1346:
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JEL Classification: J31; J33


Tags: wages; wage inequality; performance pay; bonuses

When Pressure Sinks Performance: Evidence from Diving Competitions Eleni Garbi, Christos Genakos and Mario Pagliero
April 2015
Paper No' CEPDP1345:
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JEL Classification: J24; L83; M52; Z13


Tags: tournaments; incentives; choking under pressure

Is Happiness a Predictor of Election Results? George Ward
April 2015
Paper No' CEPDP1343:
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JEL Classification: I31; D72


Tags: subjective well-being; political agency; elections

Integrated Estimates of Capital Stocks and Services for the United Kingdom: 1950-2013 Nicholas Oulton and Gavin Wallis
March 2015
Paper No' CEPDP1342:
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JEL Classification: E22; E23; D24; O47


Tags: capital services; capital stocks; rate of return; ex post; hybrid

'High' Achievers? Cannabis Access and Academic Performance Olivier Marie and Ulf Zölitz
March 2015
Paper No' CEPDP1340:
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JEL Classification: I18; I20; K42


Tags: cannabis; legalization; student performance

Do You Have To Win It To Fix It? A Longitudinal Study of Lottery Winners and Their Health Care Demand Terence C. Cheng, Joan Costa Font and Nattavudh Powdthavee March 2015
(Revised: 10/12/2015)
Paper No' CEPDP1339:
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JEL Classification: H42; I11; D1


Tags: lottery wins; health care; income elasticity; public-private

Asymmetric Industrial Energy Prices and International Trade Antoine Dechezleprêtre and Misato Sato
March 2015
Paper No' CEPDP1337:
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JEL Classification: F18; F14; Q56


Tags: energy prices; international trade; carbon taxes

Evaluating the Impact of Sunday Trading Deregulation Svetoslav Danchev and Christos Genakos
March 2015
Paper No' CEPDP1336:
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JEL Classification: J23; L11; L51; L81


Tags: sunday trading regulation; opening hours regulation; retail sector

Robots at Work Georg Graetz and Guy Michaels
March 2015
Paper No' CEPDP1335:
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JEL Classification: E23; J23; O30


Tags: robots; productivity; technological change

The Roles of Import Competition and Export Opportunities for Technical Change Claudia Steinwender
February 2015
Paper No' CEPDP1334:
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JEL Classification: F12; F13; F14; L25


Tags: import competition; technical change; productivity; exporting

The Impact of Immigration on the Local Labor Market Outcomes of Blue Collar Workers: Panel Data Evidence Javier Ortega and Gregory Verdugo February 2015
Paper No' CEPDP1333:
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JEL Classification: J15; J31


Tags: immigration; wages; employment

Trust and Racial Income Inequality: Evidence from the U.S. Andrea Tesei
February 2015
Paper No' CEPDP1331:
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JEL Classification: D31; Z10; J15


Tags: trust; racial income inequality; u.s.

Rise of the Machines: The Effects of Labor-Saving Innovations on Jobs and Wages Andy Feng and Georg Graetz
February 2015
Paper No' CEPDP1330:
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JEL Classification: E25; J23; J31; M53; O33


Tags: automation; job polarization; technical change; wage inequality; training

Share Capitalism and Worker Wellbeing Alex Bryson, Andrew E. Clark, Richard B. Freeman and Colin P. Green
February 2015
Paper No' CEPDP1329:
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JEL Classification: J28; J33; J54; J63; J81; M52


Tags: job satisfaction; wages; compensation methods; working conditions

Schooling, Nation Building and Industrialization: A Gellnerian Approach Esther Hauk and Javier Ortega
February 2015
Paper No' CEPDP1328:
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JEL Classification: D02; I2; N00; O14


Tags: nation-building; education; industrialization

All-Star or Benchwarmer? Relative Age, Cohort Size and Career Success in the NHL Alex Bryson, Rafael Gomez and Tingting Zhang
February 2015
Paper No' CEPDP1327:
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JEL Classification: J1; J24; J31; J62


Tags: cohort size; relative age; performance; productivity; wages; career; nhl

Voting Behaviour and Public Employment in Nazi Germany Stephan E. Maurer
February 2015
Paper No' CEPDP1326:
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JEL Classification: D72; D73; N44; N94


Tags: political connections; public employment; political economy; nazi regime

Preferences for Fair Prices, Cursed Inferences, and the Nonneutrality of Money Erik Eyster, Kristof Madarasz and Pascal Michaillat February 2015
Paper No' CEPDP1325:
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JEL Classification: E03; E10; E31; E40


Tags: nonneutrality of money; fairness; cursedness; markups

Vertical Transmission of Overweight: Evidence From English Adoptees Joan Costa Font, Mireia Jofre-Bonet and Julian Le Grand
January 2015
Paper No' CEPDP1324:
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JEL Classification: I18; D13; Z1


Tags: vertical transmission; cultural transmission; overweight; children; natural parents; body mass index; sample selection

Violence and Birth Outcomes: Evidence From Homicides in Brazil Martin Foureaux Koppensteiner and Marco Manacorda
January 2015
Paper No' CEPDP1323:
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JEL Classification: I12; I15; J13


Tags: birth outcomes; birthweight; homicides; stress; brazil

Making Do With Less: Working Harder During Recessions Edward P. Lazear, Kathryn L. Shaw and Christopher Stanton
December 2014
Paper No' CEPDP1321:
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JEL Classification: M50; D20; E32; L22


Tags: recession; productivity; sorting

'American Idol' - 65 years of Admiration Alan Manning and Amar Shanghavi
December 2014
Paper No' CEPDP1320:
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JEL Classification: Z1


Tags: admiration; trust

The Value of Bosses Edward P. Lazear, Kathryn L. Shaw and Christopher T. Stanton
December 2014
Paper No' CEPDP1318:
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JEL Classification: M50; C13; C23; D20; L23


Tags: bosses; supervisors; productivity

Financial Constraints in Search Equilibrium: Mortensen and Pissarides Meet Holmstrom and Tirole Tito Boeri, Pietro Garibaldi and Espen R. Moen December 2014
(Revised: 17/12/2015)
Paper No' CEPDP1317:
Read Abstract | Full Paper (pdf)

JEL Classification: G01; J64


Tags: search frictions; financial frictions; leverage; liquidity; pledgeability

Adaptation to Poverty in Long-Run Panel Data Andrew E. Clark, Conchita D'Ambrosio and Simone Ghislandi
November 2014
Paper No' CEPDP1315:
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JEL Classification: I31; D60


Tags: income; poverty; subjective well-being; adaptation; soep

Gender Differences in Response to Big Stakes Ghazala Azmat, Caterina Calsamiglia and Nagore Iriberri
November 2014
(Revised: 15/10/2015)
Paper No' CEPDP1314:
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JEL Classification: D03; J16; I21; C30


Tags: stakes; gender gaps; performance

Do Women Earn Less Even as Social Entrepreneurs? Saul Estrin, Ute Stephan and Suncica Vujic
November 2014
Paper No' CEPDP1313:
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JEL Classification: J28; J31; J71; L32


Tags: social entrepreneur; gender pay gap; social enterprise; earnings; job satisfaction

Does Management Matter In Schools? Nicholas Bloom, Renata Lemos, Raffaella Sadun and John Van Reenen
November 2014
Paper No' CEPDP1312:
Read Abstract | Full Paper (pdf)

JEL Classification: L2; M2; I2


Tags: management; pupil achievement; autonomy; principals

It's Where You Work: Increases in Earnings Dispersion across Establishments and Individuals in the US Erling Barth, Alex Bryson, James C. Davis and Richard Freeman November 2014
Paper No' CEPDP1311:
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JEL Classification: J3; J31; D3


Tags: earnings; earnings inequality; productivity

The Impact of Maximum Markup Regulation on Prices Christos Genakos, Pantelis Koutroumpis and Mario Pagliero
October 2014
Paper No' CEPDP1310:
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JEL Classification: L0; L1; L4; L5


Tags: markup regulation; focal point; collusion; ex-post policy evaluation

Optimal Contracting and the Organization of Knowledge William Fuchs, Luis Garicano and Luis Rayo
October 2014
Paper No' CEPDP1308:
Read Abstract | Full Paper (pdf)

JEL Classification: D86; L22; J33; J44


Tags: contracting; experts; professional service firms; partnership; venture capital

Employee Stock Purchase Plans - Gift or Incentive? Evidence from a Multinational Corporation Alex Bryson and Richard B. Freeman October 2014
Paper No' CEPDP1307:
Read Abstract | Full Paper (pdf)

JEL Classification: J24; J33; J54; J63; M52


Tags: share ownership; job search; quits; sickness absence; effort; gift exchange; incentives

Economic Growth Evens-Out Happiness: Evidence from Six Surveys Andrew E. Clark, Sarah Flèche and Claudia Senik
October 2014
Paper No' CEPDP1306:
Read Abstract | Full Paper (pdf)

JEL Classification: D31; D6; I3; O15


Tags: happiness; inequality; economic growth; development; easterlin paradox

City of Dreams Jorge De la Roca, Gianmarco I. P. Ottaviano and Diego Puga
October 2014
Paper No' CEPDP1305:
Read Abstract | Full Paper (pdf)

JEL Classification: R10; R23


Tags: cities; sorting; agglomeration; self-confidence; learning

The Asymmetric Experience of Positive and Negative Economic Growth: Global Evidence Using Subjective Well-Being Data Femke De Keulenaer, Jan-Emmanuel De Neve, Georgios Kavetsos, Michael I. Norton, Bert Van Landeghem and George W. Ward October 2014
Paper No' CEPDP1304:
Read Abstract | Full Paper (pdf)

JEL Classification: D03; O11; D69; I39


Tags: economic growth; business cycles; subjective well-being

From Selling Goods to Selling Services: Firm Responses to Trade Liberalization Holger Breinlich, Anson Soderbery and Greg C. Wright September 2014
Paper No' CEPDP1303:
Read Abstract | Full Paper (pdf)

JEL Classification: F12; F15; F23


Tags: services trade; trade liberalization

Assessing the Effect of School Days and Absences on Test Score Performance Esteban Aucejo and Teresa Foy Romano
September 2014
Paper No' CEPDP1302:
Read Abstract | Full Paper (pdf)

JEL Classification: I20


Tags: absences; days; schools; teachers

European Integration and the Gains from Trade Gianmarco I. P. Ottaviano
September 2014
Paper No' CEPDP1301:
Read Abstract | Full Paper (pdf)

JEL Classification: F10; F15; F17


Tags: gains from trade; european integration; quantitative trade models; gravity equations; structural estimation

Knowledge Spillovers from Clean and Dirty Technologies Antoine Dechezleprêtre, Ralf Martin and Myra Mohnen
September 2014
Paper No' CEPDP1300:
Read Abstract | Full Paper (pdf)

JEL Classification: O30; O44; Q54; Q55; Q58; H23


Tags: innovation spill-overs; climate change; growth; patents; clean technology; optimal climate policy

Paying Out and Crowding Out? The Globalisation of Higher Education Stephen Machin and Richard Murphy
September 2014
Paper No' CEPDP1299:
Read Abstract | Full Paper (pdf)

JEL Classification: I20; I21; I28


Tags: overseas students; crowding out

Patents and the Global Diffusion of New Drugs Iain Cockburn, Jean O. Lanjouw and Mark Schankerman
September 2014
Paper No' CEPDP1298:
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JEL Classification: O31; O33; O34; O38; I15; I18; K19; L65


Tags: patents; pharmaceuticals; diffusion; drug launches; price regulation

Education and Health Knowledge: Evidence from UK Compulsory Schooling Reforms David W. Johnston, Grace Lordan, Michael A. Shields and Agne Suziedelyte September 2014
Paper No' CEPDP1297:
Read Abstract | Full Paper (pdf)

JEL Classification: I20; I10; I12


Tags: education; health; knowledge; compulsory schooling; causality

Consumer Search: Evidence from Path-tracking Data Fabio Pinna and Stephan Seiler
September 2014
Paper No' CEPDP1296:
Read Abstract | Full Paper (pdf)

JEL Classification: D12; D83; L11; L15


Tags: consumer search; in-store marketing; path data

Early, Late or Never? When Does Parental Education Impact Child Outcomes? Matt Dickson, Paul Gregg and Harriet Robinson
September 2014
Paper No' CEPDP1295:
Read Abstract | Full Paper (pdf)

JEL Classification: I20; J62; J24


Tags: intergenerational mobility; schooling; child development; alspac

Locus of Control and Its Intergenerational Implications for Early Childhood Skill formation Francesca Cornaglia, Warn N. Lekfuangfu, Nattavudh Powdthavee and Nele Warrinnier August 2014
Paper No' CEPDP1293:
Read Abstract | Full Paper (pdf)

JEL Classification: J01; I31


Tags: locus of control; parental investment; human capital accumulation; early skill formation; alspac

Immigration, Diversity and the Labour Market Outcomes of Native Workers: Some Recent Developments Gianmarco I. P. Ottaviano August 2014
Paper No' CEPDP1292:
Read Abstract | Full Paper (pdf)

JEL Classification: F22; J31; J61


Tags: immigration; wages; productivity; cultural diversity

Benford's Law, Families of Distributions and a Test Basis John Morrow
August 2014
Paper No' CEPDP1291:
Read Abstract | Full Paper (pdf)

JEL Classification: C10; C24; C46


Tags: benford's law; data quality; fraud detection

The Volatility of Earnings: Evidence from High-Frequency Firm-Level Data Andreas Georgiadis and Alan Manning
August 2014
Paper No' CEPDP1290:
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JEL Classification: E24; J30


Tags: wages; wage flexibility

The Latin American Efficiency Gap Francesco Caselli
August 2014
Paper No' CEPDP1289:
Read Abstract | Full Paper (pdf)

JEL Classification: O11


Tags: latin america; income gaps; development accounting

Gone for Good? Subsidies with Export Share Requirements in China: 2002-2013 Fabrice Defever and Alejandro Riaño
July 2014
Paper No' CEPDP1287:
Read Abstract | Full Paper (pdf)

JEL Classification: F12; F13; O47


Tags: trade policy; export subsidies; export share requirements; china

Crime Scars: Recessions and the Making of Career Criminals Brian Bell, Anna Bindler and Stephen Machin
July 2014
Paper No' CEPDP1284:
Read Abstract | Full Paper (pdf)

JEL Classification: J64; K42


Tags: crime; recessions; unemployment

Wealth Shocks and Health Outcomes: Evidence from Stock Market Fluctuations Hannes Schwandt
July 2014
Paper No' CEPDP1281:
Read Abstract | Full Paper (pdf)

JEL Classification: G10; I10; J14


Tags: retiree health; wealth shocks; stock market

Fueling the Gender Gap? Oil and Women's Labor and Marriage Market Outcomes Stephan E. Maurer and Andrei V. Potlogea
June 2014
Paper No' CEPDP1280:
Read Abstract | Full Paper (pdf)

JEL Classification: R1; N5; O1; J1


Tags: oil; structural transformation; female labor force; participation; gender pay gap

Biomarkers and Long-term Market Outcomes: The Case of Creatine Petri Bockerman, Alex Bryson, Christian Hakulinen, Jaakko Pehkonen, Laura Pulkki-Raback, Olli Raitakari and Jutta Viinikainen June 2014
Paper No' CEPDP1279:
Read Abstract | Full Paper (pdf)

JEL Classification: I19; J3


Tags: biomarkers; creatine; creatinine; labour market; earnings; employment

Fracking Growth Thiemo Fetzer
June 2014
Paper No' CEPDP1278:
Read Abstract | Full Paper (pdf)

JEL Classification: Q33; O13; N52; R11; L71


Tags: resource boom; fracking; shale; spillovers; natural gas; energy prices

Transportation Costs and the Spatial Organization of Economic Activity Stephen J. Redding and Matthew A. Turner
June 2014
Paper No' CEPDP1277:
Read Abstract | Full Paper (pdf)

JEL Classification: F15; R12; R40


Tags: highways; market access; railroads; transportation

Transparency and Deliberation within the FOMC: A Computational Linguistics Approach Stephen Hansen, Michael McMahon and Andrea Prat June 2014
Paper No' CEPDP1276:
Read Abstract | Full Paper (pdf)

JEL Classification: E52; E58; D78


Tags: monetary policy; deliberation; fomc; transparency; career concerns

Quantifying Spillovers in Open Source Content Production: Evidence from Wikipedia Aleksi Aaltonen and Stephan Seiler
June 2014
Paper No' CEPDP1275:
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JEL Classification: D24; L23; L86; M11; O31


Tags: wikipedia; open source; user-generated content; knowledge spillover; cumulative knowledge

The Dynamics of Employment Growth: New Evidence from 18 Countries Chiara Criscuolo, Peter N. Gal and Carlo Menon
June 2014
Paper No' CEPDP1274:
Read Abstract | Full Paper (pdf)

JEL Classification: D22; L26; E24; L25


Tags: business dynamics; employment growth; small businesses; business demography; startups; great recession; job creation and destruction

External Integration, Structural Transformation and Economic Development: Evidence From Argentina Pablo Fajgelbaum and Stephen J. Redding June 2014
Paper No' CEPDP1273:
Read Abstract | Full Paper (pdf)

JEL Classification: F11; F14; O13; O14


Tags: external integration; economic development; structural transformation

Are Firms Paying More For Performance? Alex Bryson, John Forth and Lucy Stokes
June 2014
Paper No' CEPDP1272:
Read Abstract | Full Paper (pdf)

JEL Classification: J33


Tags: performance pay; bonuses; recession; business cycle; finance

Not So Dissatisfied After All? The Impact of Union Coverage on Job Satisfaction Alex Bryson and Michael White
June 2014
Paper No' CEPDP1271:
Read Abstract | Full Paper (pdf)

JEL Classification: C35; J28; J51


Tags: unions; union coverage; union membership; job satisfaction

Eliciting Taxpayer Preferences Increases Tax Compliance Jan-Emmanuel De Neve, Cait Lamberton and Michael I. Norton
May 2014
Paper No' CEPDP1270:
Read Abstract | Full Paper (pdf)

JEL Classification: D03; H26; H30; H50; I31


Tags: tax compliance; taxpayer agency; taxpayer satisfaction; government spending

Winners and Losers from a Commodities-for-Manufactures Trade Boom Francisco Costa, Jason Garred and Joao Paulo Pessoa
May 2014
Paper No' CEPDP1269:
Read Abstract | Full Paper (pdf)

JEL Classification: F14; F16; O17; Q17


Tags: china; trade; commodities-for manufactures; wages; employment; informality

Foreign Direct Investment and Domestic Entrepreneurship: Blessing or Curse? Saul Estrin, Seçil Hülya Danakol, Paul Reynolds and Utz Weitzel May 2014
Paper No' CEPDP1268:
Read Abstract | Full Paper (pdf)

JEL Classification: F23; M13; L26


Tags: foreign direct investment; entrepreneurship; new firm entry; spillovers

Trade and Uncertainty Dennis Novy and Alan M. Taylor
May 2014
Paper No' CEPDP1266:
Read Abstract | Full Paper (pdf)

JEL Classification: E3; F1


Tags: uncertainty shock; trade collapse; inventory; real options; imports; intermediates

Video Killed the Radio Star? Online Music Videos and Digital Music Sales Tobias Kretschmer and Christian Peukert
April 2014
Paper No' CEPDP1265:
Read Abstract | Full Paper (pdf)

JEL Classification: L82; M37; D83


Tags: sampling; displacement; promotion; natural experiment

Immigration and the Access to Social Housing in the UK Diego Battiston, Richard Dickens, Alan Manning and Jonathan Wadsworth
April 2014
Paper No' CEPDP1264:
Read Abstract | Full Paper (pdf)

JEL Classification: F22; R21; H75


Tags: immigration; social housing

Political Competition and the Limits of Political Compromise Alexandre B. Cunha and Emanuel Ornelas
March 2014
Paper No' CEPDP1263:
Read Abstract | Full Paper (pdf)

JEL Classification: E61; E62; H30; H63


Tags: political turnover; efficient policies; public debt

Trapped Factors and China's Impact on Global Growth Nicholas Bloom, Paul Romer, Stephen Terry and John Van Reenen
March 2014
Paper No' CEPDP1261:
Read Abstract | Full Paper (pdf)
Data Files associated with this paper.

JEL Classification: D92; E22; D8; C23


Tags: innovation; trade; china; endogenous growth

Home Computers and Married Women's Labor Supply Alexander C. Lembcke
March 2014
Paper No' CEPDP1260:
Read Abstract | Full Paper (pdf)

JEL Classification: J24; J22


Tags: married women's labor supply; computer skills and labor supply; us cps

The Political Economy of Inclusive Rural Growth Michael Carter and John Morrow
February 2014
Paper No' CEPDP1259:
Read Abstract | Full Paper (pdf)

JEL Classification: O1; D2; H4; Q1


Tags: poverty traps; political economy; inequality; lobby formation

IT and Management in America Nicholas Bloom, Erik Brynjolfsson, Lucia Foster, Ron Jarmin, Megha Patnaik, Itay Saporta-Eksten and John Van Reenen February 2014
Paper No' CEPDP1258:
Read Abstract | Full Paper (pdf)

JEL Classification: M1


Tags: it; management; productivity; organization

When Work Disappears: Racial Prejudice and Recession Labour Market Penalties David W. Johnston and Grace Lordan
February 2014
Paper No' CEPDP1257:
Read Abstract | Full Paper (pdf)

JEL Classification: J7


Tags: prejudice; attitudes; recessions; racism; discrimination

Looking Ahead: Subjective Time Perception and Individual Time Discounting W. David Bradford, Paul Dolan and Matteo M. Galizzi
January 2014
Paper No' CEPDP1255:
Read Abstract | Full Paper (pdf)

JEL Classification: D1; D10; D91


Tags: time preferences; time perception; hyperbolic discounting

Missing Gains from Trade? Marc J. Melitz and Stephen J. Redding
January 2014
Paper No' CEPDP1254:
Read Abstract | Full Paper (pdf)

JEL Classification: F10; F11; F15


Tags: productivity; sequential production; welfare gains from trade

Childhood Sporting Activities and Adult Labour-Market Outcomes Charlotte Cabane and Andrew E. Clark
December 2013
Paper No' CEPDP1253:
Read Abstract | Full Paper (pdf)

JEL Classification: J24; J13; L83; I2


Tags: job characteristics; education; sport; school

Upward Social Mobility, Well-being and Political Preferences: Evidence from the BHPS Andrew E. Clark and Emanuela D'Angelo
December 2013
Paper No' CEPDP1252:
Read Abstract | Full Paper (pdf)

JEL Classification: A14; C25; D31; D63; J28; J62


Tags: social mobility; satisfaction; redistribution; inequality; voting

Flex Cars and Competition in Ethanol and Gasoline Retail Markets Juliano Assuncao, Joao Paulo Pessoa and Leonardo Rezende
December 2013
Paper No' CEPDP1251:
Read Abstract | Full Paper (pdf)

JEL Classification: L11; L13; L62; L71


Tags: flex-fuel vehicles; gasoline; ethanol; price competition; spatial competition; discrete equilibrium price dispersion

Managing the Family Firm: Evidence from CEOs at Work Oriana Bandiera, Andrea Prat and Raffaella Sadun
December 2013
Paper No' CEPDP1250:
Read Abstract | Full Paper (pdf)

JEL Classification: M12; L2; D24


Tags: ceo; time; family firms; competition; productivity

The Transmission of Monetary Policy Operations through Redistributions and Durable Purchases Vincent Sterk and Silvana Tenreyro December 2013
Paper No' CEPDP1249:
Read Abstract | Full Paper (pdf)

JEL Classification: E1; E31; E32; E52; E58

Resetting the Urban Network: 117-2012 Guy Michaels and Ferdinand Rauch
November 2013
Paper No' CEPDP1248:
Read Abstract | Full Paper (pdf)

JEL Classification: R11; N93; O18


Tags: economic geography; economic history; path dependence; transportation

An Urban Legend?! Power Rationing, Fertility and its Effects on Mothers Thiemo Fetzer, Oliver Pardo and Amar Shanghavi
November 2013
Paper No' CEPDP1247:
Read Abstract | Full Paper (pdf)

JEL Classification: J13; J16; O18; H41


Tags: fertility; infrastructure; blackouts; unplanned parenthood

Decoupling of Wage Growth and Productivity Growth? Myth and Reality Joao Paulo Pessoa and John Van Reenen
October 2013
Paper No' CEPDP1246:
Read Abstract | Full Paper (pdf)

JEL Classification: E24; J20; J30


Tags: decoupling; wages; productivity; compensation; labour income share.

Does Uncertainty Reduce Growth? Using Disasters as Natural Experiments Scott R. Baker and Nicholas Bloom
October 2013
Paper No' CEPDP1243:
Read Abstract | Full Paper (pdf)

JEL Classification: D92; E22; D8; C23


Tags: uncertainty; natural disasters; political shocks; growth

Intergenerational Persistence in Income and Social Class: The Impact of Within-Group Inequality Jo Blanden, Paul Gregg and Lindsey Macmillan September 2013
Paper No' CEPDP1242:
Read Abstract | Full Paper (pdf)

JEL Classification: J13; J31; Z13


Tags: intergenerational income mobility; social class fluidity; income inequality

The Importance of Rank Position Richard Murphy and Felix Weinhardt
September 2013
Paper No' CEPDP1241:
Read Abstract | Full Paper (pdf)

JEL Classification: I21; J24; D01


Tags: rank; non-cognitive skills; peer effects

Risk and Evidence of Bias in Randomized Controlled Trials in Economics Peter Boone, Alex Eble and Diana Elbourne
September 2013
Paper No' CEPDP1240:
Read Abstract | Full Paper (pdf)

JEL Classification: C9; C90; C93; C10; C12; C18


Tags: randomized controlled trials; field experiments; bias; treatment effect estimates

Mental Illness and Unhappiness Dan Chisholm, Richard Layard, Vikram Patel and Shekhar Saxena
September 2013
Paper No' CEPDP1239:
Read Abstract | Full Paper (pdf)

JEL Classification: I10; I14; I18


Tags: mental illness; welfare benefits; healthcare costs; life-satisfaction

Crime and Immigration: New Evidence from England and Wales Laura Jaitman and Stephen Machin
September 2013
Paper No' CEPDP1238:
Read Abstract | Full Paper (pdf)

JEL Classification: F22;K42


Tags: crime; immigration; enclaves; a8.

The Objective Benefits of Subjective Well-Being Jan-Emmanuel De Neve, Ed Diener, Louis Tay and Cody Xuereb
August 2013
Paper No' CEPDP1236:
Read Abstract | Full Paper (pdf)

JEL Classification: E10;E30;E24;E21


Tags: unemployment; aggregate demand; matching frictions

A Model of Aggregate Demand and Unemployment Pascal Michaillat and Emmanuel Saez
August 2013
Paper No' CEPDP1235:
Read Abstract | Full Paper (pdf)

JEL Classification: E10; E30; E24; E21


Tags: unemployment; aggregate demand; matching frictions

The Buyer Margins of Firms' Exports Jerónimo Carballo, Gianmarco I. P. Ottaviano and Christian Volpe Martincus
July 2013
Paper No' CEPDP1234:
Read Abstract | Full Paper (pdf)

JEL Classification: F12; F14


Tags: firm heterogeneity; taste heterogeneity; import-export relations; competition; selection

Regional Growth and Regional Decline Holger Breinlich, Gianmarco I. P. Ottaviano and Jonathan R. W. Temple
July 2013
Paper No' CEPDP1232:
Read Abstract | Full Paper (pdf)

JEL Classification: O18; R11; R12; R13


Tags: regional growth; regional convergence; regional decline

Unemployment and Domestic Violence: Theory and Evidence Dan Anderberg, Helmut Rainer, Jonathan Wadsworth and Tanya Wilson
July 2013
Paper No' CEPDP1230:
Read Abstract | Full Paper (pdf)

JEL Classification: J12; D19


Tags: domestic violence; unemployment

Unmet Aspirations as an Explanation for the Age U-Shape in Human Wellbeing Hannes Schwandt
July 2013
Paper No' CEPDP1229:
Read Abstract | Full Paper (pdf)

JEL Classification: A12;I30;D84


Tags: life satisfaction; expectations; aging

Winning Big But Feeling No Better? The Effect of Lottery Prizes on Physical and Mental Health Bénédicte Apouey and Andrew E. Clark July 2013
Paper No' CEPDP1228:
Read Abstract | Full Paper (pdf)

JEL Classification: D1; I1; I3


Tags: income; self-assessed health; mental health; smoking; drinking

Enhancing Recovery Rates: Lessons from Year One of the English Improving Access to Psychological Therapies Programme David M. Clark, Alex Gyani, Richard Layard and Roz Shafran July 2013
Paper No' CEPDP1227:
Read Abstract | Full Paper (pdf)

JEL Classification: I12; I18


Tags: mental illness; depression; anxiety; cognitive behavioural therapy

Molecular Genetics and Subjective Well-Being Meike Bartels, Daniel J. Benjamin, David Cesarini, Jan-Emmanuel De Neve, Magnus Johannesson, Philipp D. Koellinger, Robert F. Krueger, Patrik K. E. Magnusson, Nancy L. Pedersen, Cornelius A. Rietveld and Henning Tiemeier June 2013
Paper No' CEPDP1225:
Read Abstract | Full Paper (pdf)

JEL Classification: D03; D60


Tags: subjective well-being; heritability; genetics; greml

Affirmative Action and University Fit: Evidence from Proposition 209 Peter Arcidiacono, Esteban Aucejo, Patrick Coate and V. Joseph Hotz June 2013
Paper No' CEPDP1224:
Read Abstract | Full Paper (pdf)

Tags: affirmative action; college enrollment; college graduation; mismatch

Racial Segregation Patterns in Selective Universities Peter Arcidiacono, Esteban Aucejo, Andrew Hussey and Kenneth Spenner
May 2013
Paper No' CEPDP1219:
Read Abstract | Full Paper (pdf)

JEL Classification: K10;J15;I20


Tags: minorities; college; friendship; race

The Financial Resource Curse Gianluca Benigno and Luca Fornaro
May 2013
Paper No' CEPDP1217:
Read Abstract | Full Paper (pdf)

JEL Classification: F32; F34; F36; F41; F43


Tags: capital flows; capital controls; financial resource curse; endogenous growth

Innovation, Reallocation and Growth Daron Acemoglu, Ufuk Akcigit, Nicholas Bloom and William R. Kerr
May 2013
Paper No' CEPDP1216:
Read Abstract | Full Paper (pdf)

JEL Classification: E02; L1; O31; O32; O33


Tags: industrial policy; productivity growth; innovation; r&d

Mental Health: The New Frontier for Labour Economics Richard Layard
May 2013
Paper No' CEPDP1213:
Read Abstract | Full Paper (pdf)

JEL Classification: I30; J30


Tags: mental health; wellbeing; employment

Estimating Bayesian Decision Problems with Heterogeneous Priors Stephen Hansen and Michael McMahon
May 2013
Paper No' CEPDP1211:
Read Abstract | Full Paper (pdf)

JEL Classification: D72; D81; C13


Tags: bayesian decision making; expertise; preferences; estimation

Unemployment in the Great Recession Christopher A. Pissarides
May 2013
Paper No' CEPDP1210:
Read Abstract | Full Paper (pdf)

JEL Classification: E24; J6


Tags: unemployment; great recession; vacancies; beveridge curve; construction sector; policies and institutions

Decision–Making and Implementation in Teams Jordi Blanes i Vidal and Marc Möller
May 2013
Paper No' CEPDP1208:
Read Abstract | Full Paper (pdf)

JEL Classification: D02; D23; L29


Tags: teams; adaptation; motivation; decision–making; incentives

Monopolistic Competition and Optimum Product Selection: Why and How Heterogeneity Matters Antonella Nocco, Gianmarco I. P. Ottaviano and Matteo Salto April 2013
Paper No' CEPDP1206:
Read Abstract | Full Paper (pdf)

JEL Classification: D4; D6; F1; L0; L1


Tags: monopolistic competition; product diversity; heterogeneity; selection; welfare

Gender Gaps and the Rise of the Service Economy L. Rachel Ngai and Barbara Petrongolo
April 2013
Paper No' CEPDP1204:
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JEL Classification: E24; J22; J16


Tags: gender gaps; structural transformation; marketization

Relational Knowledge Transfers Luis Garicano and Luis Rayo
April 2013
Paper No' CEPDP1203:
Read Abstract | Full Paper (pdf)
The Surprisingly Dire Situation of Children's Education in Rural West Africa: Results from the CREO Study in Guinea-Bissau Peter Boone, Ila Fazzio, Kameshwari Jandhyala, Chitra Jayanty, Gangadhar Jayanty, Simon Johnson, Vimala Ramachandrin, Filipa Silva and Zhaoguo Zhan April 2013
Paper No' CEPDP1201:
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JEL Classification: O1; O55; I2; F35; H43


Tags: education; africa; survey results; numeracy; literacy

Firm Heterogeneity and Aggregate Welfare Marc J. Melitz and Stephen J. Redding
April 2013
Paper No' CEPDP1200:
Read Abstract | Full Paper (pdf)

JEL Classification: F12; F15


Tags: firm heterogeneity; welfare gains from trade

Outsourcing and the Rise in Services Giuseppe Berlingieri
April 2013
(Revised: 15/09/2014)
Paper No' CEPDP1199:
Read Abstract | Full Paper (pdf)
Data Files associated with this paper.

JEL Classification: D57; L16; L24; L84; O14; O41; O51


Tags: structural transformation; outsourcing; professional and business services; input-output tables; intermediates

Where the Streets Have a Name: Income Comparisons in the US Abel Brodeur and Sarah Flèche
March 2013
Paper No' CEPDP1196:
Read Abstract | Full Paper (pdf)

JEL Classification: C25; D00; J31


Tags: income comparisons; rank; relative utility; social interactions; social status; well-being

Really Uncertain Business Cycles Nicholas Bloom, Max Floetotto, Nir Jaimovich, Itay Saporta-Eksten and Stephen Terry
March 2013
Paper No' CEPDP1195:
Read Abstract | Full Paper (pdf)

JEL Classification: E3


Tags: uncertainty

CEO Incentive Contracts in China: Why Does City Location Matter? Alex Bryson, John Forth and Minghai Zhou
February 2013
Paper No' CEPDP1192:
Read Abstract | Full Paper (pdf)

JEL Classification: G34; J31; J33; M12; M52; O16; P31


Tags: executive compensation; ceo's; privatisation; fdi; china; cities

When the Cat is Near, the Mice Won't Play: The Effect of External Examiners in Italian Schools Marco Bertoni, Giorgio Brunello and Lorenzo Rocco February 2013
Paper No' CEPDP1191:
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JEL Classification: C31; H52; I2


Tags: education; testing; external monitoring; indirect treatment effects

A Trapped Factors Model of Innovation Nicholas Bloom, Paul Romer, Stephen Terry and John Van Reenen
February 2013
Paper No' CEPDP1189:
Read Abstract | Full Paper (pdf)

JEL Classification: O33; F16; O38; J33


Tags: trade; innovation; china

Survive Another Day: Using Changes in the Composition of Investments to Measure the Cost of Credit Constraints Luis Garicano and Claudia Steinwender February 2013
(Revised: 25/11/2013)
Paper No' CEPDP1188:
Read Abstract | Full Paper (pdf)

JEL Classification: O32; O33; G31; E32


Tags: financial crisis; credit constraints; innovation; investment choices

Are You Happy While You Work? Alex Bryson and George MacKerron
February 2013
Paper No' CEPDP1187:
Read Abstract | Full Paper (pdf)

JEL Classification: I1; J0; J28


Tags: happiness; relaxation; work; wellbeing

Task Specialization in U.S. Cities from 1880-2000 Guy Michaels, Ferdinand Rauch and Stephen J. Redding
February 2013
Paper No' CEPDP1186:
Read Abstract | Full Paper (pdf)

JEL Classification: N92; O18; R12


Tags: economic development; human interaction; urbanization

Long and Short-Term Effects of the Financial Crisis on Labour Productivity, Capital and Output Nicholas Oulton and María Sebastiá-Barriel January 2013
Paper No' CEPDP1185:
Read Abstract | Full Paper (pdf)

JEL Classification: E23; E32; J24; O47


Tags: productivity; financial; banking crisis; recession


This paper has been published as:
Bank of England Working Paper No.470
Free Trade Aggreements and the Consolidation of Democracy Xuepeng Liu and Emanuel Ornelas
January 2013
Paper No' CEPDP1184:
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JEL Classification: F13; D72; F53; F15


Tags: regionalism; rent destruction; political regimes; trade liberalization

China's Pure Exporter Subsidies Fabrice Defever and Alejandro Riaño
December 2012
Paper No' CEPDP1182:
Read Abstract | Full Paper (pdf)

JEL Classification: F12; F13; O47


Tags: trade policy; export subsidies; heterogeneous firms; china

Productivity As If Space Mattered: An Application to Factor Markets Across China Wenya Cheng, John Morrow and Kitjawat Tacharoen December 2012
Paper No' CEPDP1181:
Read Abstract | Full Paper (pdf)

JEL Classification: D22; D24; J24; J30; O15; R11


Tags: structural estimation; productivity; firm location; china

Free to Choose? Reform and Demand Response in the English National Health Service Martin Gaynor, Carol Propper and Stephan Seiler November 2012
Paper No' CEPDP1179:
Read Abstract | Full Paper (pdf)

JEL Classification: D12; I11; I18; L13; L30


Tags: demand estimation; non-price competition; health economics; patient choice; health care reform

Minimum Wages and Wage Inequality: Some Theory and an Application to the UK Tim Butcher, Richard Dickens and Alan Manning
November 2012
Paper No' CEPDP1177:
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JEL Classification: J38


Tags: minimum wage; wage inequality

Estimating the Influence of Life Satisfaction and Positive Affect on Later Income Using Sibling Fixed-Effects Jan-Emmanuel De Neve and Andrew J. Oswald November 2012
Paper No' CEPDP1176:
Read Abstract | Full Paper (pdf)

JEL Classification: I10; J24


Tags: income; life satisfaction; positive affect

The Enduring Impact of Childhood Experience on Mental Health: Evidence Using Instrumented Co-Twin Data Rachel Berner Shalem, Francesca Cornaglia and Jan-Emmanuel De Neve November 2012
Paper No' CEPDP1175:
Read Abstract | Full Paper (pdf)

JEL Classification: I10


Tags: mental health; childhood experience; twin study; instrumental variable analysis

Resilience to Economic Shocks and the Long Reach of Childhood Bullying Nattavudh Powdthavee
October 2012
Paper No' CEPDP1173:
Read Abstract | Full Paper (pdf)

JEL Classification: D03; I19; J64


Tags: resilience; adaptation; happiness; unemployment; childhood; well-being

Optimal Policy for Macro-Financial Stability Gianluca Benigno, Huigang Chen, Chris Otrok, Alessandro Rebucci and Eric Young
October 2012
Paper No' CEPDP1172:
Read Abstract | Full Paper (pdf)

JEL Classification: E52; F37; F41


Tags: bailouts; capital controls; exchange rate policy; financial frictions; financial crises; macro-financial stability; macro-prudential policies

The Careers of Immigrants Ana Damas de Matos
October 2012
Paper No' CEPDP1171:
Read Abstract | Full Paper (pdf)

JEL Classification: J31; J61; J63


Tags: wage differentials; wage convergence; job mobility; immigration; linked employer-employee panel data

Policy Design in a Model with Swings in Risk Appetite Bianca De Paoli and Pawel Zabczyk
October 2012
Paper No' CEPDP1170:
Read Abstract | Full Paper (pdf)

JEL Classification: E32; G12


Tags: policy design; cyclical risk aversion; new keynesian model; habit formation

Exporters, Importers and Credit Constraints Mirabelle Muûls
October 2012
Paper No' CEPDP1169:
Read Abstract | Full Paper (pdf)

JEL Classification: F10; F14; G01; G20


Tags: credit constraints; international trade; firms’ heterogeneity; imports; exports

Taxes, Cigarette Consumption, and Smoking Intensity: Reply Jérôme Adda and Francesca Cornaglia
September 2012
Paper No' CEPDP1167:
Read Abstract | Full Paper (pdf)

JEL Classification: D12; H25; I12


Tags: tobacco; public health; compensatory behavior; excise taxes

Musn't Grumble. Immigration, Health and Health Service Use in the UK and Germany Jonathan Wadsworth
September 2012
Paper No' CEPDP1166:
Read Abstract | Full Paper (pdf)

JEL Classification: H00; J00


Tags: immigration; health; health service

A Cautionary Note on Using Industry Affiliation to Predict Income Jörn-Steffen Pischke and Hannes Schwandt
September 2012
Paper No' CEPDP1163:
Read Abstract | Full Paper (pdf)

JEL Classification: D31; I14; I3; J31


Tags: industry wage differentials; health; happiness; intergenerational mobility

Reserve Accumulation, Growth and Financial Crises Gianluca Benigno and Luca Fornaro
August 2012
Paper No' CEPDP1161:
Read Abstract | Full Paper (pdf)

JEL Classification: F31; F32; F41; F43


Tags: foreign reserve accumulation; gross capital flows; growth; financial crises

Capital Controls or Exchange Rate Policy? A Pecuniary Externality Perspective Gianluca Benigno, Huigang Chen, Christopher Otrok, Alessandro Rebucci and Eric R. Young August 2012
Paper No' CEPDP1160:
Read Abstract | Full Paper (pdf)

JEL Classification: E52; F37; F41


Tags: capital controls; exchange rate policy; financial frictions; financial crises; financial stability; optimal taxation; prudential policies; planning problem

Happy Talk: Mode of Administration Effects on Subjective Well-Being Paul Dolan and Georgios Kavetsos
July 2012
Paper No' CEPDP1159:
Read Abstract | Full Paper (pdf)

JEL Classification: D60; I3; Z18


Tags: subjective well-being; happiness; survey mode

Steady-State Equilibrium in a Model of Short-Term Wage-Posting Alan Manning
July 2012
Paper No' CEPDP1158:
Read Abstract | Full Paper (pdf)

JEL Classification: J31; J42


Tags: wage-posting; search

Not all Incentives Wash out the Warm Glow: The Case of Blood Donation Revisited Joan Costa Font, Mireia Jofre-Bonet and Steven T. Yen July 2012
Paper No' CEPDP1157:
Read Abstract | Full Paper (pdf)

JEL Classification: I18; I38; Z13


Tags: altruism; blood donation; incentives; nudging; recursive system; warm glow

The German Transfer Problem, 1920-1933: A Sovereign Debt Perspective Albrecht Ritschl
July 2012
Paper No' CEPDP1155:
Read Abstract | Full Paper (pdf)

JEL Classification: N14; N24


Tags: germany; great depression; sovereign debt; reparations

The Economics of Density: Evidence from the Berlin Wall Gabriel M. Ahlfeldt, Stephen J. Redding, Daniel M. Sturm and Nikolaus Wolf June 2012
Paper No' CEPDP1154:
Read Abstract | Full Paper (pdf)

JEL Classification: N34; O18; R12


Tags: agglomeration; dispersion; density; cities

Why Do People Pay for Useless Advice? Nattavudh Powdthavee and Yohanes E. Riyanto
June 2012
Paper No' CEPDP1153:
Read Abstract | Full Paper (pdf)

JEL Classification: C91; D03


Tags: behavioral finance; hot-hand; random streak; expertise; information

Selection into Trade and Wage Inequality Thomas Sampson
June 2012
Paper No' CEPDP1152:
Read Abstract | Full Paper (pdf)

JEL Classification: F16; J31


Tags: wage inequality; matching; technology; skills; trade

Human Capital, Matching and Job Satisfaction Tim Barmby, Alex Bryson and Barbara Eberth
June 2012
Paper No' CEPDP1151:
Read Abstract | Full Paper (pdf)

JEL Classification: J24; J28


Tags: job satisfaction; job match quality; human capital; job tenure

The CEO Labour Market in China's Public Listed Companies Alex Bryson, John Forth and Minghai Zhou
June 2012
Paper No' CEPDP1148:
Read Abstract | Full Paper (pdf)

JEL Classification: G34; J31; J33; M12; M52; O16; P31


Tags: executive compensation; ceo's; corporate governance; tournaments; firm-specific human capital; china


This paper has been published as:
The Economic Journal, Volume 124, Issue 574, February 2014
What Do CEOs Do? Oriana Bandiera, Luigi Guiso, Andrea Prat and Raffaella Sadun
May 2012
Paper No' CEPDP1145:
Read Abstract | Full Paper (pdf)

JEL Classification: D2; G3; G34


Tags: ceos; corporate governance; time use

Matching Firms, Managers, and Incentives Oriana Bandiera, Luigi Guiso, Andrea Prat and Raffaella Sadun
May 2012
Paper No' CEPDP1144:
Read Abstract | Full Paper (pdf)

JEL Classification: J24;L2


Tags: personnel economics; hiring policy; management; performance related pay; performance incentives

Heterogeneity, Demand for Insurance and Adverse Selection Johannes Spinnewijn
May 2012
Paper No' CEPDP1142:
Read Abstract | Full Paper (pdf)

JEL Classification: D60; D82; D83; G28


Tags: heterogeneity; adverse selection; risk perceptions; welfare and policy

Environmental Policy and Directed Technological Change: Evidence from the European Carbon Market Raphael Calel and Antoine Dechezleprêtre April 2012
(Revised: 22/02/2013)
Paper No' CEPDP1141:
Read Abstract | Full Paper (pdf)

JEL Classification: O3; Q55; Q58; C14


Tags: directed technological change; eu emissions trading scheme; policy evaluation

Goods Trade, Factor Mobility and Welfare Stephen J. Redding
April 2012
Paper No' CEPDP1140:
Read Abstract | Full Paper (pdf)

JEL Classification: F11; F12; F16


Tags: international trade; factor mobility; welfare gains from trade

Span of Control and Span of Activity Oriana Bandiera, Andrea Prat, Raffaella Sadun and Julie Wulf
April 2012
Paper No' CEPDP1139:
Read Abstract | Full Paper (pdf)

JEL Classification: C21; C25; L22; L23


Tags: management; firms; ceo; productivity; firm activities

Trade and Inequality: From Theory to Estimation Elhanan Helpman, Oleg Itskhoki, Marc-Andreas Muendler and Stephen Redding
April 2012
Paper No' CEPDP1138:
Read Abstract | Full Paper (pdf)

JEL Classification: F12; F16; E24


Tags: wage inequality; international trade

Intermediaries in International Trade: Direct Versus Indirect Modes of Export Andrew B. Bernard, Marco Grazzi and Chiara Tomasi March 2012
Paper No' CEPDP1137:
Read Abstract | Full Paper (pdf)

JEL Classification: D22; F12; F14; L22; L23


Tags: heterogeneous firms; international trade; intermediation; wholesalers; export entry costs; product adding and dropping; exchange rates

Gender Gaps in Performance: Evidence from Young Lawyers Ghazala Azmat and Rosa Ferrer
March 2012
(Revised: 15/10/2015)
Paper No' CEPDP1136:
Read Abstract | Full Paper (pdf)

JEL Classification: M52; J16; K40; J44


Tags: performance measures; gender gaps; high-skilled professionals

CEO Bonding: Who Posts Performance Bonds and Why? Alex Bryson, John Forth and Minghai Zhou
March 2012
Paper No' CEPDP1135:
Read Abstract | Full Paper (pdf)

JEL Classification: G34; J31; J33; M12; M52; O16; P31


Tags: performance bonds; security deposits; executive compensation; ceo's; corporate governance; agency theory; china


This paper has been published as:
China Economic Review, Volume 30, September 2014
Why Are Migrants Paid More? Alex Bryson, Giambattista Rossi and Rob Simmons
March 2012
Paper No' CEPDP1134:
Read Abstract | Full Paper (pdf)

JEL Classification: J24; J31; J61; J71; M52


Tags: wages; migration; superstars; productivity; compensating wage differentials; sports

Incentives for Quality over Time - The Case of Facebook Applications Jörg Claussen, Tobias Kretschmer and Philip Mayrhofer
March 2012
Paper No' CEPDP1133:
Read Abstract | Full Paper (pdf)

JEL Classification: L1; L50; O33


Tags: usage intensity; social media; platform management; two-sided markets

Cyclical Risk Aversion, Precautionary Saving and Monetary Policy Bianca De Paoli and Pawel Zabczyk
March 2012
Paper No' CEPDP1132:
Read Abstract | Full Paper (pdf)

JEL Classification: E32; G12


Tags: precautionary saving; monetary policy; cyclical risk aversion; macro-finance; non-linearities

Global Value Chains During the Great Trade Collapse: A Bullwhip Effect? Carlo Altomonte, Filippo Di Mauro, Gianmarco I. P. Ottaviano, Armando Rungi and Vincent Vicard February 2012
Paper No' CEPDP1131:
Read Abstract | Full Paper (pdf)

JEL Classification: F23; F15; L22


Tags: trade collapse; multinational firms; global value chains; hierarchies of firms; vertical integration

Agglomeration, Trade and Selection Gianmarco I. P. Ottaviano
February 2012
Paper No' CEPDP1129:
Read Abstract | Full Paper (pdf)

JEL Classification: F12; R11; R12


Tags: agglomeration; trade; heterogeneity; selection; economic geography

Firm Size Distortions and the Productivity Distribution: Evidence from France Luis Garicano, Claire Lelarge and John Van Reenen February 2012
(Revised: 21/06/2016)
Paper No' CEPDP1128:
Read Abstract | Full Paper (pdf)
Data Files associated with this paper.

JEL Classification: L11; L51; J8; L25.6


Tags: firm size; productivity; labor regulation; power law

Genes, Economics and Happiness Nicholas A. Christakis, Jan-Emmanuel De Neve, James H. Fowler and Bruno S. Frey
February 2012
Paper No' CEPDP1127:
Read Abstract | Full Paper (pdf)

JEL Classification: A12; D03; D87; Z00


Tags: wellbeing; socio-demographics; happiness; genetics; life satisfaction

Does Competition Improve Public Hospitals' Efficiency? Evidence from a Quasi-Experiment in the English National Health Service Zack Cooper, Stephen Gibbons, Simon Jones and Alistair McGuire February 2012
Paper No' CEPDP1125:
Read Abstract | Full Paper (pdf)

JEL Classification: C21; I18; L1; R0


Tags: hospital competition; market structure; prospective payment; incentive structure


This paper is an extension of CEP DP 988
Market Leadership Through Technology - Backward Compatibility in the U.S. Handheld Video Game Industry Jörg Claussen, Tobias Kretschmer and Thomas Spengler February 2012
Paper No' CEPDP1124:
Read Abstract | Full Paper (pdf)

JEL Classification: L15; L82; O33


Tags: backward compatibility; market leadership; network effects; video games; two-sided markets

A Model of Equilibrium Institutions Bernardo Guimaraes and Kevin D. Sheedy
February 2012
Paper No' CEPDP1123:
Read Abstract | Full Paper (pdf)

JEL Classification: E02; O43; P48


Tags: institutions; political economy; power struggle; property rights; time inconsistency

Signalling, Incumbency Advantage, and Optimal Reelection Rules Francesco Caselli, Tom Cunningham, Massimo Morelli and Inés Moreno de Barreda February 2012
Paper No' CEPDP1122:
Read Abstract | Full Paper (pdf)

JEL Classification: D72; D78; D82


Tags: supermajority; incumbency advantage; signalling


This paper has been published as:
The Incumbency Effects of Signalling, Francesco Caselli, Tom Cunningham, Massimo Morelli and Inés Moreno de Barreda, Economica, Volume 81, Issue 323, July 2014
Why Has China Grown So Fast? The Role of International Technology Transfer John Van Reenen and Linda Yueh
February 2012
Paper No' CEPDP1121:
Read Abstract | Full Paper (pdf)

JEL Classification: O32; O33


Tags: china; technology transfer; joint ventures; productivity

The Household Effects of Government Spending Francesco Giavazzi and Michael McMahon
February 2012
Paper No' CEPDP1120:
Read Abstract | Full Paper (pdf)

JEL Classification: E62; E21; E24; D12


Tags: fiscal policy; psid; household consumption; labor supply

The Determinants of Intrafirm Trade: Evidence from French Firms Gregory Corcos, Delphine M. Irac, Giordano Mion and Thierry Verdier January 2012
Paper No' CEPDP1119:
Read Abstract | Full Paper (pdf)

JEL Classification: F23; F12; F19


Tags: intrafirm trade; outsourcing; firm heterogeneity; incomplete contracts; internationalization strategies; quality of institutions; extensive margin; intensive margin

Institutions and Export Dynamics Luis Araujo, Giordano Mion and Emanuel Ornelas
January 2012
Paper No' CEPDP1118:
Read Abstract | Full Paper (pdf)

JEL Classification: F10; F12; L14


Tags: firm exports; contract enforcement; contracting institutions; firm dynamics

Preferential Trade Agreements and the Labor Market Emanuel Ornelas
January 2012
Paper No' CEPDP1117:
Read Abstract | Full Paper (pdf)

JEL Classification: F16; F15; F13


Tags: trade liberalization; unemployment; trade diversion; labor frictions

Fiscal Multipliers over the Business Cycle Pascal Michaillat
January 2012
Paper No' CEPDP1115:
Read Abstract | Full Paper (pdf)

JEL Classification: E24; E32; E62; J64


Tags: fiscal multiplier; unemployment; business cycle; job rationing; matching frictions

The Causal Effects of an Industrial Policy Chiara Criscuolo, Ralf Martin, Henry G. Overman and John Van Reenen
January 2012
(Revised: 25/01/2016)
Paper No' CEPDP1113:
Read Abstract | Full Paper (pdf)

JEL Classification: R11; H25; L52; L53; O25


Tags: industrial policy; regional policy; employment; investment; productivity

Paying for Performance: Incentive Pay Schemes and Employees' Financial Participation Alex Bryson, Richard Freeman, Claudio Lucifora, Michele Pellizzari and Virginie Perotin January 2012
Paper No' CEPDP1112:
Read Abstract | Full Paper (pdf)

JEL Classification: J24; J33; D31


Tags: performance pay; financial participation; institutions

Left, Right, Left: Income and Political Dynamics in Transition Economies Michael Carter and John Morrow
January 2012
Paper No' CEPDP1111:
Read Abstract | Full Paper (pdf)

JEL Classification: D31; D72; D83; P16


Tags: income dynamics; redistributive politics; polarization; bayesian learning; latin america

Assimilation in Multilingual Cities Javier Ortega and Gregory Verdugo
December 2011
Paper No' CEPDP1110:
Read Abstract | Full Paper (pdf)

JEL Classification: F22; J15


Tags: immigration; assimilation; language policies; minorities

Management Practices Across Firms and Countries Nicholas Bloom, Christos Genakos, Raffaella Sadun and John Van Reenen
December 2011
Paper No' CEPDP1109:
Read Abstract | Full Paper (pdf)

JEL Classification: L2; M2; O14; O32; O33


Tags: management; organization; and productivity

Spatial Frictions Kristian Behrens, Giordano Mion, Yasusada Murata and Jens Südekum
December 2011
Paper No' CEPDP1108:
Read Abstract | Full Paper (pdf)

JEL Classification: F12; R12


Tags: trade frictions; urban frictions; productivity; city-size distribution; markups

Service Trade and Occupational Tasks: An Empirical Investigation Andrea Ariu and Giordano Mion
December 2011
Paper No' CEPDP1107:
Read Abstract | Full Paper (pdf)

JEL Classification: F14; F16; O33; L80


Tags: trade in services; extensive margin; occupational tasks; technological change

Immigrant Enclaves and Crime Brian Bell and Stephen Machin
December 2011
Paper No' CEPDP1104:
Read Abstract | Full Paper (pdf)

JEL Classification: F22; J15; K42


Tags: crime; immigrant segregation; enclaves

Trading Away Wide Brands for Cheap Brands Swati Dhingra
December 2011
Paper No' CEPDP1103:
Read Abstract | Full Paper (pdf)

JEL Classification: F10; F14; M37; N80


Tags: brands; trade; manufacturing; heterogeneous firms; thailand

A Note on Schooling in Development Accounting Francesco Caselli and Antonio Ciccone
December 2011
Paper No' CEPDP1102:
Read Abstract | Full Paper (pdf)

JEL Classification: I28; J24


Tags: schooling; production; efficiency; human capital; development accounting; growth accounting

How Local Are Labour Markets? Evidence from a Spatial Job Search Model Alan Manning and Barbara Petrongolo
December 2011
Paper No' CEPDP1101:
Read Abstract | Full Paper (pdf)

JEL Classification: J61; J63; J64; R12


Tags: job search; local labour markets; location-based policies; ripple effects

Spatial Exporters Fabrice Defever, Benedikt Heid and Mario Larch
December 2011
Paper No' CEPDP1100:
Read Abstract | Full Paper (pdf)

JEL Classification: F12; F13


Tags: export destination choice; spatial correlation; extended gravity; firm-level customs data; mfa; atc quota removal

Anorexia, Body Image and Peer Effects: Evidence from a Sample of European Women Joan Costa Font and Mireia Jofre-Bonet
November 2011
Paper No' CEPDP1098:
Read Abstract | Full Paper (pdf)

JEL Classification: I12; Q18


Tags: self-image; identity; body image; eating disorders; anorexia; european women

HRM and Workplace Motivation: Incremental and Threshold Effects Alex Bryson and Michael White
November 2011
Paper No' CEPDP1097:
Read Abstract | Full Paper (pdf)

JEL Classification: J28; L23; M12; M54


Tags: human resource management; high performance; organizational commitment

Gender Gaps Across Countries and Skills: Supply, Demand and the Industry Structure Claudia Olivetti and Barbara Petrongolo
November 2011
Paper No' CEPDP1093:
Read Abstract | Full Paper (pdf)

JEL Classification: E24; J16; J31


Tags: gender gaps; education; demand and supply; industry structure

Wishful Thinking Guy Mayraz
November 2011
Paper No' CEPDP1092:
Read Abstract | Full Paper (pdf)

JEL Classification: D01; D03; D81; D84; G11


Tags: wishful-thinking; optimal expectations; priors and desires; payoff-dependent beliefs; asset prices

Resource Windfalls, Political Regimes, and Political Stability Francesco Caselli and Andrea Tesei
November 2011
Paper No' CEPDP1091:
Read Abstract | Full Paper (pdf)

JEL Classification: D72; D78; Q33


Tags: natural resources; elections; political accountability

Factor Proportions and International Business Cycles Keyu Jin and Nan Li
November 2011
Paper No' CEPDP1090:
Read Abstract | Full Paper (pdf)

JEL Classification: F41; F44


Tags: international business cycles; international comovement; composition effects

Firm Performance and Wages: Evidence from Across the Corporate Hierarchy Brian Bell and John Van Reenen
November 2011
(Revised: 08/05/2012)
Paper No' CEPDP1088:
Read Abstract | Full Paper (pdf)
The Role of Educational Quality and Quantity in the Process of Economic Development Amparo Castelló-Climent and Ana Hidalgo-Cabrillana November 2011
Paper No' CEPDP1087:
Read Abstract | Full Paper (pdf)

JEL Classification: I21; O11; O15; O4


Tags: quality of education; human capital composition; economic growth

Mass Education or a Minority Well Educated Elite in the Process of Development: the Case of India Amparo Castelló-Climent and Abhiroop Mukhopadhyay November 2011
Paper No' CEPDP1086:
Read Abstract | Full Paper (pdf)

JEL Classification: I28; O11; O50


Tags: distribution of education; attainment levels; economic growth; panel data

The Empirics of Firm Heterogeneity and International Trade Andrew B. Bernard, J. Bradford Jensen, Stephen J. Redding and Peter K. Schott October 2011
Paper No' CEPDP1084:
Read Abstract | Full Paper (pdf)

JEL Classification: F10; F12; F14


Tags: heterogeneous firms; exporting; importing; productivity

In Search of a Theory of Debt Management Elisa Faraglia, Albert Marcet and Andrew Scott
October 2011
Paper No' CEPDP1083:
Read Abstract | Full Paper (pdf)

JEL Classification: E43; E62


Tags: complete markets; debt management; government debt; maturity structure; yield curve

A Many-Country Model of Industrialization Holger Breinlich and Alejandro Cuñat
September 2011
Paper No' CEPDP1082:
Read Abstract | Full Paper (pdf)

JEL Classification: F11; F12; F14; O14


Tags: industrialization; economic geography; international trade

Productivity, Wages and Marriage: The Case of Major League Baseball Francesca Cornaglia and Naomi E. Feldman
September 2011
Paper No' CEPDP1081:
Read Abstract | Full Paper (pdf)

JEL Classification: J31; J44; J70


Tags: productivity; wage gap; marriage; and baseball

The Wealth and Poverty of Nations: True PPPs for 141 Countries Nicholas Oulton
September 2011
(Revised: 01/02/2012)
Paper No' CEPDP1080:
Read Abstract | Full Paper (pdf)

JEL Classification: C43; D12; E01; I31; O47


Tags: purchasing power parity (ppp); standard of living; international comparisons; konüs; index number; welfare; homothetic

Fear and the Response to Terrorism: An Economic Analysis Gary S. Becker and Yona Rubinstein
September 2011
Paper No' CEPDP1079:
Read Abstract | Full Paper (pdf)

JEL Classification: F52; Z10


Tags: economics; psychology; education

Optimal Unemployment Insurance Over the Business Cycle Camille Landais, Pascal Michaillat and Emmanuel Saez
September 2011
Paper No' CEPDP1078:
Read Abstract | Full Paper (pdf)

JEL Classification: E24; E32; H21; H23


Tags: unemployment insurance; business cycle; job rationing; matching frictions

Stock Market Volatility and Learning Klaus Adam, Albert Marcet and Juan Pablo Nicolini
September 2011
Paper No' CEPDP1077:
Read Abstract | Full Paper (pdf)

JEL Classification: G12; D84


Tags: asset pricing; learning; near-rational price forecasts

The Minimum Wage and Inequality - The Effects of Education and Technology Zsófia L. Bárány
September 2011
Paper No' CEPDP1076:
Read Abstract | Full Paper (pdf)

JEL Classification: E24; E65; J31


Tags: minimum wage; education; technology; wage inequality

First Impressions Matter: Signalling as a Source of Policy Dynamics Stephen Hansen and Michael McMahon
September 2011
Paper No' CEPDP1074:
Read Abstract | Full Paper (pdf)

JEL Classification: D78; E52


Tags: signalling; learning; monetary policy

Advertising Expenditure and Consumer Prices Ferdinand Rauch
August 2011
Paper No' CEPDP1073:
Read Abstract | Full Paper (pdf)

JEL Classification: H25; M37


Tags: advertising; taxation of advertising; effects of advertising

Trading and Enforcing Patent Rights Alberto Galasso, Mark Schankerman and Carlos J. Serrano
August 2011
Paper No' CEPDP1072:
Read Abstract | Full Paper (pdf)

JEL Classification: K41; H24; O32; O34


Tags: patents; litigation; market for innovation; capital gains taxation

A Model for the Delivery of Evidence-Based PSHE (Personal Wellbeing) in Secondary Schools John Coleman, Daniel Hale and Richard Layard August 2011
Paper No' CEPDP1071:
Read Abstract | Full Paper (pdf)

JEL Classification: I1; I18; I2


Tags: health education; social-emotional learning; life-skills; prevention

Racial Discrimination and Competition Ross Levine, Alexey Levkov and Yona Rubinstein
August 2011
Paper No' CEPDP1069:
Read Abstract | Full Paper (pdf)

JEL Classification: J7; J31; D43; D3; G21; G28


Tags: discrimination; imperfect competition; banks; regulation

Internal Rationality, Imperfect Market Knowledge and Asset Prices Klaus Adam and Albert Marcet
August 2011
Paper No' CEPDP1068:
Read Abstract | Full Paper (pdf)

JEL Classification: G12; G14; D83; D84


Tags: learning; internal rationality; consumption based asset pricing

The Land that Lean Manufacturing Forgot? Management Practices in Transition Countries Nicholas Bloom, Helena Schweiger and John Van Reenen July 2011
Paper No' CEPDP1065:
Read Abstract | Full Paper (pdf)

JEL Classification: L2; M2; P21


Tags: management; firm performance; transition economies

House Price Booms and the Current Account Klaus Adam, Pei Kuang and Albert Marcet
July 2011
Paper No' CEPDP1064:
Read Abstract | Full Paper (pdf)

JEL Classification: F41; F32; E43


Tags: interest rates; house prices; short-term capital movements

How Experts Decide: Identifying Preferences versus Signals from Policy Decisions Stephen Hansen and Michael McMahon
July 2011
Paper No' CEPDP1063:
Read Abstract | Full Paper (pdf)

JEL Classification: D81; D82; E52


Tags: bayesian decision making; committees; monetary policy

A Step towards Valuing Utility the Marginal and Cardinal Way Paul Dolan, Daniel Fujiwara and Robert Metcalfe
July 2011
Paper No' CEPDP1062:
Read Abstract | Full Paper (pdf)

JEL Classification: A10; D6; D61; H41; I31


Tags: subjective well-being; utility; happiness; multicollinearity; income; non-market goods

Leveraging Monopoly Power by Degrading Interoperability: Theory and Evidence from Computer Markets Christos Genakos, Kai Uwe Kühn and John Van Reenen July 2011
Paper No' CEPDP1060:
Read Abstract | Full Paper (pdf)

JEL Classification: C3; D43; L1; L4


Tags: foreclosure; anti-trust; demand estimation; interoperability

Booms and Busts in Asset Prices Klaus Adam and Albert Marcet
July 2011
Paper No' CEPDP1059:
Read Abstract | Full Paper (pdf)

JEL Classification: G12; D84


Tags: asset price fluctuations; boom and bust cycles

The Role of Worker Flows in the Dynamics and Distribution of UK Unemployment Michael W. L. Elsby, Jennifer C. Smith and Jonathan Wadsworth July 2011
Paper No' CEPDP1058:
Read Abstract | Full Paper (pdf)

JEL Classification: E24; J6


Tags: labour market; unemployment; worker flows

Recursive Contracts Albert Marcet and Ramon Marimon
June 2011
Paper No' CEPDP1055:
Read Abstract | Full Paper (pdf)

JEL Classification: D80; L14


Tags: transactional relationships; contracts and reputation; recursive formulation; participation constraint

Success and Failure of African Exporters Olivier Cadot, Leonardo Iacovone, Denisse Pierola and Ferdinand Rauch
June 2011
Paper No' CEPDP1054:
Read Abstract | Full Paper (pdf)

JEL Classification: F10; F14; O55


Tags: africa; export survival

Gender, Productivity and the Nature of Work and Pay: Evidence from the Late Nineteenth-Century Tobacco Industry Björn Eriksson, Tobias Karlsson, Tim Leunig and Maria Stanfors June 2011
Paper No' CEPDP1053:
Read Abstract | Full Paper (pdf)

JEL Classification: J16; J24; J71; J33; J40; L25


Tags: gender; productivity; discrimination; piece-rates; time-rates; labour markets; firm survival

The Impact of Chernobyl on Health and Labour Market Performance Hartmut Lehmann and Jonathan Wadsworth
May 2011
Paper No' CEPDP1052:
Read Abstract | Full Paper (pdf)

JEL Classification: H00; J00


Tags: chernobyl; health; labour market performance

Money and Happiness: Evidence from the Industry Wage Structure Jörn-Steffen Pischke
May 2011
Paper No' CEPDP1051:
Read Abstract | Full Paper (pdf)

JEL Classification: D1; J31


Tags: life satisfaction; well-being

Crime and Mental Wellbeing Francesca Cornaglia and Andrew Leigh
April 2011
Paper No' CEPDP1049:
Read Abstract | Full Paper (pdf)

JEL Classification: I18; K14; R28


Tags: neighbourhood effects; health; mental health; fear of crime

Portfolio Allocation and International Risk Sharing Gianluca Benigno and Hande Küçük-Tuger
April 2011
Paper No' CEPDP1048:
Read Abstract | Full Paper (pdf)

JEL Classification: F31; F41


Tags: portfolio choice; incomplete financial markets; international risk sharing; consumption-real exchange rate anomaly

Priors and Desires Guy Mayraz
March 2011
Paper No' CEPDP1047:
Read Abstract | Full Paper (pdf)

JEL Classification: D01; D03; D80; D81; D83; D84


Tags: wishful thinking; cognitive dissonance; reference-dependent beliefs; referencedependent preferences

Does High Involvement Management Lead to Higher Pay? Alex Bryson, Petri Böckerman and Pekka Ilmakunnas
February 2011
Paper No' CEPDP1046:
Read Abstract | Full Paper (pdf)

JEL Classification: J24; J31; J33; M12; M50; M52; M53; M54


Tags: wages; high involvement management; high performance work system; incentive pay; training; team working; information sharing; propensity score matching

Seesaw in the Air: Interconnection Regulation and the Structure of Mobile Tariffs Christos Genakos and Tommaso Valletti
February 2011
Paper No' CEPDP1045:
Read Abstract | Full Paper (pdf)

JEL Classification: L13; L51


Tags: interconnection; network competition; regulation; mobile phones

Immigration and the Occupational Choice of Natives: A Factor Proportions Approach Javier Ortega and Gregory Verdugo
January 2011
Paper No' CEPDP1043:
Read Abstract | Full Paper (pdf)

JEL Classification: J15; J31


Tags: immigration; occupations

Does Management Matter? Evidence from India Nicholas Bloom, Benn Eifert, Aprajit Mahajan, David McKenzie and John Roberts
January 2011
Paper No' CEPDP1042:
Read Abstract | Full Paper (pdf) | View Video (pdf)

JEL Classification: L2; M2; O14; O32; O33


Tags: management; organization; it; productivity and india

Did Vietnam Veterans Get Sicker in the 1990s? The Complicated Effects of Military Service on Self-Reported Health Joshua D. Angrist, Stacey H. Chen and Brigham R. Frandsen December 2010
Paper No' CEPDP1041:
Read Abstract | Full Paper (pdf)

JEL Classification: H55; H59; I12; I38; J22


Tags: public economics; social security and public pensions; health; education; welfare; labour; demographic economics

Anatomy of a Paradox: Management Practices, Organisational Structure and Energy Efficiency Ralf Martin, Mirabelle Muûls, Ulrich J. Wagner and Laure B. de Preux December 2010
Paper No' CEPDP1039:
Read Abstract | Full Paper (pdf)

JEL Classification: M20; M14; D22; Q41; Q54; Q58


Tags: climate policy; energy efficiency; firm behavior; management practices; manufacturing; microdata; organizational structure

Import Competition from and Outsourcing to China: A Curse or Blessing for Firms? Giordano Mion and Linke Zhu
December 2010
Paper No' CEPDP1038:
Read Abstract | Full Paper (pdf)

JEL Classification: F14; F16; L25


Tags: import competition; outsourcing; china; skill upgrading; technological change

Individualisation and Growing Diversity of Employment Relationships William Brown and David Marsden
December 2010
Paper No' CEPDP1037:
Read Abstract | Full Paper (pdf)

JEL Classification: J53


Tags: labour-management relations; individual and collective voice

Does Competition Raise Productivity Through Improving Management Quality? John Van Reenen
December 2010
Paper No' CEPDP1036:
Read Abstract | Full Paper (pdf)

JEL Classification: L2; M2; O32; O33


Tags: management; productivity; organization

School Proximity and Child Labor Evidence from Rurul Tanzania Florence Kondylis and Marco Manacorda
December 2010
Paper No' CEPDP1035:
Read Abstract | Full Paper (pdf)

JEL Classification: J22; J82; O12; O55


Tags: distance to school; child labor; school enrolment

Second-Order Approximation of Dynamic Models with Time-Varying Risk Gianluca Benigno, Pierpaolo Benigno and Salvatore Nisticò
December 2010
Paper No' CEPDP1033:
Read Abstract | Full Paper (pdf)

JEL Classification: C63


Tags: stochastic volatility; second order approximation

Financial Crises and Macro-Prudential Policies Gianluca Benigno, Huigang Chen, Christopher Otrok, Alessandro Rebucci and Eric R. Young December 2010
Paper No' CEPDP1032:
Read Abstract | Full Paper (pdf)

JEL Classification: E52; F37; F41


Tags: capital controls; crises; financial frictions; macro prudential policies; bailouts; overborrowing

International Trade Without CES: Estimating Translog Gravity Dennis Novy
December 2010
Paper No' CEPDP1031:
Read Abstract | Full Paper (pdf)

JEL Classification: F11; F12; F15


Tags: translog; gravity; trade costs; distance; trade cost elasticity

The Evolution of the Modern Worker: Attitudes to Work Alex Bryson and John Forth
December 2010
Paper No' CEPDP1030:
Read Abstract | Full Paper (pdf)

JEL Classification: J28; J31; J53


Tags: wages; job security; employee engagement; employment relations; recession

The Spatial Organization of Multinational Firms Fabrice Defever
December 2010
Paper No' CEPDP1029:
Read Abstract | Full Paper (pdf)

JEL Classification: F23; L22; R3


Tags: functional fragmentation; vertical linkages; location choice

Trade and Labor Market Outcomes Elhanan Helpman, Oleg Itskhoki and Stephen Redding
December 2010
Paper No' CEPDP1028:
Read Abstract | Full Paper (pdf)

JEL Classification: F12; F16; J64


Tags: inequality; unemployment; trade; labour market policy

Explaining Job Polarization in Europe: The Roles of Technology, Globalization and Institutions Maarten Goos, Alan Manning and Anna Salomons November 2010
Paper No' CEPDP1026:
Read Abstract | Full Paper (pdf)

JEL Classification: J210; J230; J240


Tags: labor demand; technology; globalization; institutions

The Contribution of the Minimum Wage to U.S. Wage Inequality over Three Decades: A Reassessment David H. Autor, Alan Manning and Christopher L. Smith November 2010
Paper No' CEPDP1025:
Read Abstract | Full Paper (pdf)

JEL Classification: E24; J3; J31


Tags: wage structure; inequality; minimum wage

Do Matching Frictions Explain Unemployment? Not in Bad Times Pascal Michaillat
November 2010
Paper No' CEPDP1024:
Read Abstract | Full Paper (pdf)

JEL Classification: E24; E32; J64


Tags: unemployment; matching frictions; job rationing

Bank Bailouts, International Linkages and Cooperation Friederike Niepmann and Tim Schmidt-Eisenlohr
November 2010
Paper No' CEPDP1023:
Read Abstract | Full Paper (pdf)

JEL Classification: F31; F41


Tags: portfolio choice; international transmission of shocks; monetary policy

Monetary Policy Rules and Foreign Currency Positions Bianca De Paoli, Hande Küçük-Tuger and Jens Søndergaard
November 2010
Paper No' CEPDP1022:
Read Abstract | Full Paper (pdf)

JEL Classification: F31; F41


Tags: portfolio choice; international transmission of shocks; monetary policy

Is the WTO Article XXIV Bad? Monika Mrázová, David Vines and Ben Zissimos
November 2010
Paper No' CEPDP1021:
Read Abstract | Full Paper (pdf)

JEL Classification: F02; F13; F15


Tags: coalition formation game; customs union; protection; trade block; trade liberalization

Revisiting Overborrowing and Its Policy Implications Gianluca Benigno, Huigang Chen, Chris Otrok, Alessandro Rebucci and Eric Young October 2010
Paper No' CEPDP1020:
Read Abstract | Full Paper (pdf)

JEL Classification: E52; F37; F41


Tags: bailouts; financial frictions; macro prudential policies; overborrowing

Do Salaries Improve Worker Performance? Alex Bryson, Babatunde Buraimo and Rob Simmons
October 2010
Paper No' CEPDP1019:
Read Abstract | Full Paper (pdf)

JEL Classification: J33; M52


Tags: incentives; salaries; productivity; sports

How Big (Small?) are Fiscal Multipliers? Ethan Ilzetzki, Enrique G. Mendoza and Carlos A. Végh
October 2010
Paper No' CEPDP1016:
Read Abstract | Full Paper (pdf)

JEL Classification: E2; E6; F41; H5


Tags: government expenditure; macroeconomic policy

Heterogeneous Worker Ability and Team-Based Production: Evidence from Major League Baseball, 1920-2009 Alex Bryson, Rafael Gomez and Kerry L. Papps October 2010
Paper No' CEPDP1015:
Read Abstract | Full Paper (pdf)

JEL Classification: L23; L25; L83; M51


Tags: skill dispersion; baseball; firm performance

Adjusting to Capital Account Liberalization Kosuke Aoki, Gianluca Benigno and Nobuhiro Kiyotaki
October 2010
Paper No' CEPDP1014:
Read Abstract | Full Paper (pdf)

JEL Classification: F32


Tags: credit frictions; capital account liberalization

Police and Thieves in the Stadium: Measuring the (Multiple)Effects of Football Matches on Crime Olivier Marie
October 2010
Paper No' CEPDP1012:
Read Abstract | Full Paper (pdf)

JEL Classification: K10; K42


Tags: football; police; crime

Do Higher Wages Come at a Price? Erling Barth, Alex Bryson and Harald Dale-Olsen
October 2010
Paper No' CEPDP1011:
Read Abstract | Full Paper (pdf)

JEL Classification: J28; J31; J81


Tags: worker wellbeing; job stress; job anxiety; job satisfaction; wages; compensating differentials

Political Competition, Policy and Growth: Theory and Evidence from the United States Timothy Besley, Torsten Persson and Daniel M. Sturm October 2010
Paper No' CEPDP1009:
Read Abstract | Full Paper (pdf)

JEL Classification: D72; H11; H70; N12; O11


Tags: political competition; competition; government; us; economic development

Industrial Structure and Child Labor: Evidence from the Brazilian Population Census Furio Camillo Rosati and Marco Manacorda
October 2010
Paper No' CEPDP1008:
Read Abstract | Full Paper (pdf)

JEL Classification: J21; J24; O15; O18


Tags: child labour; shift-share analysis; brazil

Employment, Inequality and the UK National Minimum Wage over the Medium-Term Peter Dolton, Chiara Rosazza-Bondibene and Jonathan Wadsworth October 2010
Paper No' CEPDP1007:
Read Abstract | Full Paper (pdf)

JEL Classification: J0; J2; J3


Tags: minimum wage; employment; wages; inequality

Spreading the Word: Geography, Policy and Knowledge Spillovers Sharon Belenzon and Mark Schankerman
September 2010
(Revised: 12/03/2012)
Paper No' CEPDP1005:
Read Abstract | Full Paper (pdf)

JEL Classification: K41; L24; O31; O34


Tags: knowledge spillovers; diffusion; geography; university technology transfer; patents; scientific publications

There Will Be Money Luis Araujo and Bernardo Guimaraes
September 2010
Paper No' CEPDP1004:
Read Abstract | Full Paper (pdf)

JEL Classification: E40; D83


Tags: fiat money; autarky; equilibrium selection

Trade Union Membership and Influence 1999-2009 Alex Bryson and John Forth
September 2010
Paper No' CEPDP1003:
Read Abstract | Full Paper (pdf)

JEL Classification: J51; J31; L25


Tags: trade unions; wages; holidays; workplace performance

The Effect of Market Entry on Innovation: Evidence from UK University Incubators Christian Helmers
September 2010
Paper No' CEPDP1002:
Read Abstract | Full Paper (pdf)

JEL Classification: L22; L26; O34


Tags: patents; market entry; incubators; spillover

To Join or Not to Join? Factors Influencing Employee Share Plan Membership in a Multinational Corporation Alex Bryson and Richard Freeman September 2010
Paper No' CEPDP1001:
Read Abstract | Full Paper (pdf)

JEL Classification: D83; H3; I22; J33; J54


Tags: share plans; share contributions; risk aversion; peer effects; social norms

Trade as an Engine of Creative Destruction: Mexican Experience with Chinese Competition Leonardo Iacovone, Ferdinand Rauch and L. Alan Winters September 2010
Paper No' CEPDP0999:
Read Abstract | Full Paper (pdf)

JEL Classification: F14; L11


Tags: china; mexico; multi-product-firm; trade shock

The End of National Models in Employment Relations? David Marsden
September 2010
Paper No' CEPDP0998:
Read Abstract | Full Paper (pdf)

JEL Classification: J5; M55


Tags: labor-management relations; labor contracting

A Map of Mental Health Rachel Smithies
September 2010
Paper No' CEPDP0996:
Read Abstract | Full Paper (pdf)

JEL Classification: H51; I19


Tags: mental health; nhs; mental health services; mental health staff; public health; expenditure

Trade Crisis? What Trade Crisis? Kristian Behrens, Gregory Corcos and Giordano Mion
August 2010
Paper No' CEPDP0995:
Read Abstract | Full Paper (pdf)

JEL Classification: F01; F10; F14.


Tags: trade crisis; trade collapse; margins of trade; firm-level analysis; belgium.

Revolving Door Lobbyists Jordi Blanes i Vidal, Mirko Draca and Christian Fons-Rosen
August 2010
Paper No' CEPDP0993:
Read Abstract | Full Paper (pdf) | View Video (pdf)

JEL Classification: H11; J24; J45


Tags: lobbying; revolving door; us congress; political connections; political elites

The Impact of the Diffusion of a Financial Innovation on Company Performance: An Analysis of SWIFT Adoption Susan Scott, John Van Reenen and Markos Zachariadis August 2010
Paper No' CEPDP0992:
Read Abstract | Full Paper (pdf)

JEL Classification: O33; N20


Tags: diffusion; profitability; banks; swift

Spillovers in Space: Does Geography Matter? Sergey Lychagin, Joris Pinkse, Margaret E. Slade and John Van Reenen
August 2010
Paper No' CEPDP0991:
Read Abstract | Full Paper (pdf)
Data Files associated with this paper.

JEL Classification: O33; L60; C23


Tags: r&d spillovers; geographic proximity; technological proximity; horizontal proximity; spatial econometrics

Towards a New Architecture for Financial Stability: Seven Principles Luis Garicano and Rosa Lastra
July 2010
Paper No' CEPDP0990:
Read Abstract | Full Paper (pdf)

JEL Classification: E61; G21


Tags: banks; international financial markets; systematic risk

Does Hospital Competition Improve Efficiency? An Analysis of the Recent Market-Based Reforms to the English NHS Zack Cooper, Steve Gibbons, Simon Jones and Alistair McGuire June 2010
Paper No' CEPDP0988:
Read Abstract | Full Paper (pdf)

JEL Classification: C21; I18; L1; R0


Tags: hospital competition; market structure; prospective payment; incentive structure

Currency Unions in Prospect and Retrospect J. M. C. Santos Silva and Silvana Tenreyro
June 2010
Paper No' CEPDP0986:
Read Abstract | Full Paper (pdf)

JEL Classification: F00; F02; F15; F31; F42


Tags: currency union; integration; exchange rage; trade

Crime and Immigration: Evidence from Large Immigrant Waves Brian Bell, Francesco Fasani and Stephen Machin
June 2010
Paper No' CEPDP0984:
Read Abstract | Full Paper (pdf)

JEL Classification: F22; K42


Tags: crime; immigration

The Impact of Competition on Management Quality: Evidence from Public Hospitals Nicholas Bloom, Carol Propper, Stephan Seiler and John Van Reenen May 2010
(Revised: 20/10/2011)
Paper No' CEPDP0983:
Read Abstract | Full Paper (pdf)
Data Files associated with this paper.

JEL Classification: J45; F12; I18; J31


Tags: management; hospitals; competition; productivity


This paper has been published as:
The Impact of Competition on Management Quality: Evidence from Public Hospitals, Nicholas Bloom, Carol Propper, Stephan Seiler and John Van Reenen, The Review of Economic Studies, January 2015
Human Resource Management and Productivity Nicholas Bloom and John Van Reenen
May 2010
Paper No' CEPDP0982:
Read Abstract | Full Paper (pdf)

JEL Classification: L2; M2; O32; O33


Tags: human resource management; productivity; personnel economics

Imperfect Competition in the Labour Market Alan Manning
May 2010
Paper No' CEPDP0981:
Read Abstract | Full Paper (pdf)

JEL Classification: J0; J42; J63; J64


Tags: imperfect competition; labour markets; rents; search; matching; monopsony

The Crime Reducing Effect of Education Stephen Machin, Olivier Marie and Suncica Vujic
May 2010
Paper No' CEPDP0979:
Read Abstract | Full Paper (pdf)

JEL Classification: I2; K42


Tags: crime; education; offenders


This paper has been published as:
Youth Crime and Education Expansion, Stephen Machin, Olivier Marie and Suncica Vujic, German Economic Review, Volume 13, Issue 4, November 2012
Intra-Firm Trade and Product Contractibility (Long Version) Andrew B. Bernard, J. Bradford Jensen, Stephen Redding and Peter K. Schott May 2010
Paper No' CEPDP0978:
Read Abstract | Full Paper (pdf)

JEL Classification: F10; F23; L14; L23


Tags: related party trade; imports; contract theory; contractibility; intermedication; human capital; physical capital

Sequential Exporting Facundo Albornoz, Hector Calvo-Pardo, Gregory Corcos and Emanuel Ornelas
March 2010
Paper No' CEPDP0974:
Read Abstract | Full Paper (pdf)

JEL Classification: F10; D21; F13


Tags: export dynamics; trade liberalization; experimentation; uncertainty

Recent Advances in the Empirics of Organizational Economics Nicholas Bloom, Raffaella Sadun and John Van Reenen
February 2010
Paper No' CEPDP0970:
Read Abstract | Full Paper (pdf)

JEL Classification: L2; M2; O32; O33


Tags: productivity; organization; management; decentralization

New Approaches to Measuring Management and Firm Organization Nick Bloom and John Van Reenen
February 2010
Paper No' CEPDP0969:
Read Abstract | Full Paper (pdf)

JEL Classification: L2; M2; O32; O33


Tags: surveys; data; organization; management

Wholesalers and Retailers in U.S. Trade (Long Version) Andrew B. Bernard, J. Bradford Jensen, Stephen Redding and Peter K. Schott February 2010
Paper No' CEPDP0968:
Read Abstract | Full Paper (pdf)

JEL Classification: F10; F14


Tags: wholesaler; retailer; intermediary; international trade

Depression Econometrics: A FAVAR Model of Monetary Policy During the Great Depression Pooyan Amir Ahmadi and Albrecht Ritschl January 2010
Paper No' CEPDP0967:
Read Abstract | Full Paper (pdf)

JEL Classification: N12; E37; E47; E52; C11; C53


Tags: great depression; monetary policy; friedman; schwartz hypothesis; bayesian favar; dynamic factor model; gibbs sampling

Does Product Market Competition Lead Firms to Decentralize? Nick Bloom, Raffaella Sadun and John Van Reenen
January 2010
Paper No' CEPDP0966:
Read Abstract | Full Paper (pdf)

JEL Classification: L2; M2; O32; O33


Tags: decentralization; management practices

On the Origins of Land Use Regulations: Theory and Evidence from US Metro Areas Christian A. L. Hilber and Frédéric Robert-Nicoud December 2009
Paper No' CEPDP0964:
Read Abstract | Full Paper (pdf)

JEL Classification: H7; Q15; R52


Tags: land use regulations; zoning; land ownership; housing supply

Wage Bargaining and the Boundaries of the Multinational Firm Maria Bas and Juan Carluccio
December 2009
Paper No' CEPDP0963:
Read Abstract | Full Paper (pdf)

JEL Classification: F10; J52; L22


Tags: wage bargaining; trade unions; sourcing; multinational firms

Welfare Policy and the Distribution of Hours of Work L. Rachel Ngai and Christopher A. Pissarides
December 2009
Paper No' CEPDP0962:
Read Abstract | Full Paper (pdf)

JEL Classification: E02; H53; I18; I38; J22


Tags: hours of work; employment shares; home production; childcare; tax wedge; welfare state; social subsidies

Regional Trade Agreements Caroline Freund and Emanuel Ornelas
December 2009
Paper No' CEPDP0961:
Read Abstract | Full Paper (pdf)

JEL Classification: F13; F15


Tags: regionalism; trade creation; trade diversion; external tariffs; trade liberalization

Do Oil Windfalls Improve Living Standards? Evidence from Brazil Francesco Caselli and Guy Michaels
December 2009
Paper No' CEPDP0960:
Read Abstract | Full Paper (pdf)

JEL Classification: E02; E62; H11; H40; H71; H72; H75; H76; O11; O13; O32; O33


Tags: brazil; corruption; dutch disease; fiscal windfalls; natural resources and oil

Collective Agreements, Wages and Restructuring in Transition Iga Magda, David Marsden and Simone Moriconi
November 2009
Paper No' CEPDP0959:
Read Abstract | Full Paper (pdf)

JEL Classification: J31; J51; P2


Tags: collective agreements; wages; transition economy; restructuring

Recovering the Sunk Costs of R&D: the Moulds Industry Case Carlos Daniel Santos
November 2009
Paper No' CEPDP0958:
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JEL Classification: C61; D21; D92; L11; L22; O31


Tags: aggregate state; industry dynamics; markov equilibrium; moulds industry; r&d; structural estimation; sunk costs

Rates of Return and Alternative Measures of Capital Input: 14 Countries and 10 Branches, 1971-2005 Nicholas Oulton and Ana Rincon-Aznar November 2009
Paper No' CEPDP0957:
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JEL Classification: E22; E23; D


Tags: capital; rate of return; ex post; ex ante

Networks in the Premodern Economy: the Market for London Apprenticeships, 1600-1749 Tim Leunig, Chris Minns and Patrick Wallis November 2009
Paper No' CEPDP0956:
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JEL Classification: N3; J2; J6


Tags: apprenticeship; human capital formation; training; migration; networks; uk; early modern

How Does Innovation Affect Worker Well-being? Erling Barth, Alex Bryson and Harald Dale-Olsen
October 2009
Paper No' CEPDP0953:
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JEL Classification: J28; J51; J81; L23; O31


Tags: innovation; well-being; job satisfaction; trade unions

US Real Interest Rates and Default Risk in Emerging Economies Nathan Foley-Fisher and Bernardo Guimaraes
October 2009
Paper No' CEPDP0952:
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JEL Classification: F34; G15


Tags: real interest rates; default; sovereign debt; identification through heteroskedasticity

The Economic Situation of First- and Second-Generation Immigrants in France, Germany and the United Kingdom Yann Algan, Christian Dustmann, Albrecht Glitz and Alan Manning October 2009
Paper No' CEPDP0951:
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JEL Classification: J30; J61; J64


Tags: immigration; earnings; employment; education; france; germany; uk

The Effect of Bans and Taxes on Passive Smoking Jérôme Adda and Francesca Cornaglia
October 2009
Paper No' CEPDP0950:
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JEL Classification: I1; H2


Tags: smoking; taxes; bans

How to Measure Living Standards and Productivity Nicholas Oulton
September 2009
(Revised: 01/02/2012)
Paper No' CEPDP0949:
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JEL Classification: C43; D11; D12; E31; D24; I31; O47


Tags: consumer price index; konüs; cost of living; measurement of welfare change; quadratic almost ideal demand system; producer price index; homothetic; productivity

The Returns to Scarce Talent: Footedness and Player Remuneration in European Soccer Alex Bryson, Bernd Frick and Rob Simmons
September 2009
Paper No' CEPDP0948:
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JEL Classification: L83


Tags: salary; two-footedness; premium

Did the National Minimum Wage Affect UK Prices? Jonathan Wadsworth
August 2009
Paper No' CEPDP0947:
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JEL Classification: J6


Tags: minimum wage; prices

Participation in Organisations: Economic Approaches Almudena Cañibano and David Marsden
August 2009
Paper No' CEPDP0945:
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JEL Classification: J5; M54


Tags: labor-management relations; trade unions; collective bargaining; labor management; employee participation

One Nation Under a Groove? Identity and Multiculturalism in Britain Andreas Georgiadis and Alan Manning
July 2009
Paper No' CEPDP0944:
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JEL Classification: D71; Z13


Tags: identity; multiculturalism

Theory of Values Andreas Georgiadis and Alan Manning
July 2009
Paper No' CEPDP0943:
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JEL Classification: D63; Z13


Tags: values; pro-social behaviour

Institutions and the Management of Human Resources: Incentive Pay Systems in France and Great Britain Richard Belfield and David Marsden July 2009
Paper No' CEPDP0941:
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JEL Classification: J3; J5; M5; M52


Tags: incentive systems; merit pay; profit-sharing; employer networks

Inequality and Unemployment in a Global Economy Elhanan Helpman, Oleg Itskhoki and Stephen Redding
July 2009
Paper No' CEPDP0940:
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JEL Classification: F12; F16; E24


Tags: wage inequality; international trade; risk; unemployment

Educational Returns, Ability Composition and Cohort Effects: Theory and Evidence for Cohorts of Early-Career UK Graduates Norman Ireland, Robin A. Naylor, Jeremy Smith and Shqiponja Telhaj July 2009
Paper No' CEPDP0939:
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JEL Classification: J31; J24; I21; D82


Tags: educational returns; college wage premium; degree class; ability bias; statistical discrimination

Life Satisfaction and Relative Income: Perceptions and Evidence Guy Mayraz, Jürgen Schupp and Gert G. Wagner
July 2009
Paper No' CEPDP0938:
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JEL Classification: D31; D62; D63; I3; I31; Z13


Tags: income comparisons; relative income; life satisfaction; german socio economic panel; soep

The Organization of Firms Across Countries Nick Bloom, Raffaella Sadun and John Van Reenen
June 2009
Paper No' CEPDP0937:
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JEL Classification: L2; M2; O32; O33


Tags: decentralization; trust; rule of law; social capital; theory of the firm


This paper has been published as:
Quarterly Journal of Economics (2012) 127(4): 1663-1705
The Century of Education Christian Morrisson and Fabrice Murtin
June 2009
Paper No' CEPDP0934:
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Data Files associated with this paper.

JEL Classification: D31; E27; F02; N00; O40


Tags: inequality; human capital; economic history; copula function

Further Simulation Evidence on the Performance of the Poisson Pseudo-Maximum Likelihood Estimator J. M. C. Santos Silva and Silvana Tenreyro May 2009
Paper No' CEPDP0933:
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JEL Classification: C13; C50; F10


Tags: gravity equation; heteroskedasticity; jensen's inequality

On the Existence of the Maximum Likelihood Estimates for Poisson Regression J. M. C. Santos Silva and Silvana Tenreyro
May 2009
Paper No' CEPDP0932:
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JEL Classification: C13; C50; F10


Tags: poisson estimation; gravity equation

What if Congress Doubled R&D Spending on the Physical Sciences? Richard Freeman and John Van Reenen
May 2009
Paper No' CEPDP0931:
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JEL Classification: J23; J45; O30


Tags: basic science; r&d; labor markets for scientists; globalization

The ASEAN Free Trade Agreement: Impact on Trade Flows and External Trade Barriers Hector Calvo-Pardo, Caroline Freund and Emanuel Ornelas May 2009
Paper No' CEPDP0930:
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JEL Classification: F13; F15


Tags: regionalism; external tariffs; trade liberalization; preferential trade agreements; asia

Anatomy of a Health Scare: Education, Income and the MMR Controversy in the UK Dan Anderberg, Arnaud Chevalier and Jonathan Wadsworth May 2009
Paper No' CEPDP0929:
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JEL Classification: H42; I18


Tags: childhood vaccinations; health outcomes; education

The Distinct Effects of Information Technology and Communication Technology on Firm Organization Nick Bloom, Luis Garicano, Raffaella Sadun and John Van Reenen May 2009
(Revised: 16/10/2013)
Paper No' CEPDP0927:
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Data Files associated with this paper.

JEL Classification: O31; O32; O33; F23


Tags: organization; delegation; information technology; communication technology; the theory of the firm

Long-Term Health Effects on the Next Generation of Ramadan Fasting During Pregnancy Reyn van Ewijk
April 2009
Paper No' CEPDP0926:
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JEL Classification: I2; I12; J1; J14


Tags: health; ramadan; pregnancy; nutrition; indonesia

The Empirics of New Economic Geography Stephen Redding
April 2009
Paper No' CEPDP0925:
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JEL Classification: F12; F14; O10


Tags: new economic geography; market access; industrial location; multiple equilibria

Employee Voice and Private Sector Workplace Outcomes in Britain, 1980-2004 Alex Bryson, Rafael Gomez, Tobias Kretschmer and P Willman April 2009
Paper No' CEPDP0924:
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JEL Classification: J24; J51; J52; J53; J63


Tags: employee voice; trade unions; productivity; industrial action; quits; labor-management relations

Capital Flows and Asset Prices Kosuke Aoki, Gianluca Benigno and Nobuhiro Kiyotaki
April 2009
Paper No' CEPDP0921:
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JEL Classification: F32; F37; F41


Tags: capital flows; asset prices; domestic and international borrowing constraints


This paper has been published as:
NBER Internatioinal Seminar on Macroeconomics 2007
Unions and Workplace Performance in Britain and France Alex Bryson, John Forth and Patrice Laroche
April 2009
Paper No' CEPDP0920:
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JEL Classification: J51; L25


Tags: trade union; firm performance; france; britain

'The Value of Rude Health': Employees' Well Being, Absence and Workplace Performance David Marsden and Simone Moriconi
April 2009
Paper No' CEPDP0919:
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JEL Classification: J22; J28


Tags: time allocation; absenteeism; safety; accidents; industrial health

Does Relative Income Matter? Are the Critics Right? Richard Layard, Guy Mayraz and Stephen Nickell
March 2009
Paper No' CEPDP0918:
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JEL Classification: D31; D90; E01; H00; I31; O15


Tags: easterlin paradox; happiness; relative income; growth

The Impacts of the Climate Change Levy on business: Evidence from Microdata Ralf Martin, Ulrich J. Wagner and Laure B. de Preux March 2009
Paper No' CEPDP0917:
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JEL Classification: Q41; Q48; Q54; D21


Tags: climate policy; carbon tax; united kingdom; manufacturing; impact assessment

Convergence of Firm-Level Productivity, Globalisation, Information Technology and Competition: Evidence from France Paul-Antoine Chevalier, Rémy Lecat and Nicholas Oulton March 2009
Paper No' CEPDP0916:
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JEL Classification: D24; D40; F10; J24; L11; O33


Tags: convergence; productivity; tfp; globalisation; ict; competition

Accounting for Research and Productivity Growth Across Industries L. Rachel Ngai and Roberto M. Samaniego
March 2009
Paper No' CEPDP0914:
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JEL Classification: D24; O3; O41


Tags: multisector growth; total factor productivity; r&d intensity; technological opportunity

Leader Behavior and the Natural Resource Curse Francesco Caselli and Tom Cunningham
March 2009
Paper No' CEPDP0913:
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JEL Classification: O11; O13; P26


Tags: natural resource endowment; resource curse; political economy

Innovation and Institutional Ownership Philippe Aghion, John Van Reenen and Luigi Zingales
February 2009
Paper No' CEPDP0911:
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JEL Classification: O31; O32; O33; G20; G32


Tags: innovation; institutional ownership; career concerns; r&d; productivity


This paper has been published as:
American Economic Review 2013, 103(1): 277–304
Peer Effects in Science - Evidence from the Dismissal of Scientists in Nazi Germany Fabian Waldinger
February 2009
Paper No' CEPDP0910:
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JEL Classification: I20; I21; I23; I28; J24; L31; L38; N34; N44; O31; O38


Tags: peer effects; nazi germany; science; university; higher education; spillovers; co-authors

The Macroeconomic Role of Unemployment Compensation Tomer Blumkin, Yossi Hadar and Eran Yashiv
February 2009
Paper No' CEPDP0909:
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JEL Classification: E24; E61


Tags: productivity; heterogeneity; unemployment compensation policy; technological change; assortative matching

The Margins of US Trade Andrew B. Bernard, J. Bradford Jensen, Stephen Redding and Peter K. Schott
January 2009
Paper No' CEPDP0906:
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JEL Classification: F1


Tags: heterogeneous firms; product differentiation; product market entry and exit

On the International Dimension of Fiscal Policy Gianluca Benigno and Bianca De Paoli
January 2009
Paper No' CEPDP0905:
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JEL Classification: E62; E63; F41


Tags: optimal policy; fiscal policy; small open economy

Change and Continuity Among Minority Communities in Britain Andreas Georgiadis and Alan Manning
January 2009
Paper No' CEPDP0903:
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JEL Classification: J15; J61; F22


Tags: immigration; assimilation

Service Traders in the UK Holger Breinlich and Chiara Criscuolo
December 2008
Paper No' CEPDP0901:
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JEL Classification: F14; F19; F23


Tags: international trade; services; firm-level evidence

Protection and International Sourcing Emanuel Ornelas and John L. Turner
December 2008
Paper No' CEPDP0900:
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JEL Classification: F13; L23; D23


Tags: international trade; tariffs; hold-up problem; sourcing; organizational form

Central Bank's Two-Way Communication with the Public and Inflation Dynamics Kosuke Aoki and Takeshi Kimura
November 2008
Paper No' CEPDP0899:
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JEL Classification: E31; E52; E58


Tags: monetary policy; central bank communication; inflation target

Understanding the Gender Pay Gap: What's Competition Got to Do with It? Alan Manning and Farzad Saidi
November 2008
Paper No' CEPDP0898:
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JEL Classification: J31; J33


Tags: gender pay gap; performance pay

Does Family Control Affect Trade Performance? Evidence for Italian Firms Giorgio Barba Navaretti, Riccardo Faini and Alessandra Tucci November 2008
Paper No' CEPDP0896:
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JEL Classification: F1; F14; L2


Tags: firm structure; foreign markets; family firms; exports

Motivation and Sorting in Open Source Software Innovation Sharon Belenzon and Mark Schankerman
October 2008
(Revised: 25/01/2012)
Paper No' CEPDP0893:
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JEL Classification: L14; L17; L41; O31; O32


Tags: open source software; innovation; incentives; intrinsic motivation; motivated agents; reputation; reciprocity

Urbanisation and Structural Transformation Guy Michaels, Ferdinand Rauch and Stephen Redding
October 2008
Paper No' CEPDP0892:
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JEL Classification: R11; R51


Tags: urbanisation; economic development; urban population; rural population

Modern Management: Good for the Environment or Just Hot Air? Nick Bloom, Christos Genakos, Ralf Martin and Raffaella Sadun
October 2008
Paper No' CEPDP0891:
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JEL Classification: L2; M2; O32; O33; Q40; Q50


Tags: management; energy efficiency; energy intensity and productivity

Comparing Willingness-to-Pay and Subjective Well-Being in the Context of Non-Market Goods Paul Dolan and Robert Metcalfe
October 2008
Paper No' CEPDP0890:
Read Abstract | Full Paper (pdf)

JEL Classification: D61; D62; H23; Q51; C21


Tags: willingness to pay; preferences; life satisfaction; subjective well-being; nonmarket goods

Patent Thickets and the Market for Innovation: Evidence from Settlement of Patent Disputes Alberto Galasso and Mark Schankerman August 2008
Paper No' CEPDP0889:
Read Abstract | Full Paper (pdf)

JEL Classification: K41; L24; O31; O34


Tags: patents; anti-commons; patent thickets; litigation; settlement

Does Planning Regulation Protect Independent Retailers? Raffaella Sadun
August 2008
Paper No' CEPDP0888:
Read Abstract | Full Paper (pdf)

JEL Classification: K2; L10; L81; L51


Tags: zoning; location; retail; regulation

Sales and Monetary Policy Bernardo Guimaraes and Kevin D. Sheedy
August 2008
Paper No' CEPDP0887:
Read Abstract | Full Paper (pdf)

JEL Classification: E3; E5


Tags: sales; monetary policy; nominal rigidities

Effort and Comparison Income: Experimental and Survey Evidence Andrew E. Clark, David Masclet and Marie-Claire Villeval
August 2008
Paper No' CEPDP0886:
Read Abstract | Full Paper (pdf)

JEL Classification: M54; J33; A13; C92; D63


Tags: effort; comparison income; rank; peak-end; experiments

How Does Shared Capitalism Affect Economic Performance in the UK? Alex Bryson and Richard Freeman
August 2008
Paper No' CEPDP0885:
Read Abstract | Full Paper (pdf)

JEL Classification: J33; L23; L25


Tags: share ownership; payment systems; labour productivity

Trading Places: Employers, Unions and the Manufacture of Voice Alex Bryson, Rafael Gomez and P Willman
August 2008
Paper No' CEPDP0884:
Read Abstract | Full Paper (pdf)

JEL Classification: J5; J51; J52; J53; L25; M54


Tags: worker voice; trade unions; quits; employment relations; labour productivity; financial performance; industrial action

When Workers Share in Profits: Effort and Responses to Shirking Richard Freeman
July 2008
Paper No' CEPDP0882:
Read Abstract | Full Paper (pdf)

JEL Classification: J41; J24; J33


Tags: profit sharing; efficiency wages

Organizational Commitment: Do Workplace Practices Matter? Alex Bryson and Michael White
July 2008
Paper No' CEPDP0881:
Read Abstract | Full Paper (pdf)

JEL Classification: J28


Tags: high performance; organizational commitment; perceived organizational support

Minimum Wages and Earnings Inequality in Urban Mexico. Revisiting the Evidence Mariano Bosch and Marco Manacorda
July 2008
Paper No' CEPDP0880:
Read Abstract | Full Paper (pdf)

JEL Classification: O15; O17


Tags: minimum wage; inequality; informality; mexico

Relative Factor Endowments and International Portfolio Choice Alejandro Cuñat and Christian Fons-Rosen
July 2008
Paper No' CEPDP0879:
Read Abstract | Full Paper (pdf)

JEL Classification: F21; F34; G11


Tags: international portfolio equity investment; gravity equation; factor endowments

The Cost of Grade Retention Marco Manacorda
July 2008
Paper No' CEPDP0878:
Read Abstract | Full Paper (pdf)

JEL Classification: I21; I22; J20


Tags: grade retention; school drop-out; regression discontinuity; sorting

A 'New Trade' Theory of GATT/WTO Negotiations Ralph Ossa
June 2008
Paper No' CEPDP0877:
Read Abstract | Full Paper (pdf)

JEL Classification: F12; F13


Tags: trade negotiations; gatt; wto; new trade theory

Real Origins of the Great Depression: Monopoly Power, Unions and the American Business Cycle in the 1920s Monique Ebell and Albrecht Ritschl June 2008
Paper No' CEPDP0876:
Read Abstract | Full Paper (pdf)

JEL Classification: E24; E27; J51; J64; N12; N22


Tags: trade unions; collective bargaining; great depression

Product Market Deregulation and the U.S. Employment Miracle Monique Ebell and Christian Haefke
June 2008
Paper No' CEPDP0874:
Read Abstract | Full Paper (pdf)

JEL Classification: E24; J63; L16; O00


Tags: product market competition; barriers to entry; wage bargaining

Resurrecting the Participation Margin Monique Ebell
June 2008
Paper No' CEPDP0873:
Read Abstract | Full Paper (pdf)

JEL Classification: E24; E32; J21; J64


Tags: unemployment; business cycles; labor force participation

Wage Setting Patterns and Monetary Policy: International Evidence Giovanni Olivei and Silvana Tenreyro
June 2008
Paper No' CEPDP0872:
Read Abstract | Full Paper (pdf)

JEL Classification: E1; E52; E58; E32; E31


Tags: monetary policy; wage rigidity; seasonality

Mapping Prices into Productivity in Multisector Growth Models L. Rachel Ngai and Roberto M. Samaniego
May 2008
Paper No' CEPDP0869:
Read Abstract | Full Paper (pdf)

JEL Classification: E13; O30; O41; O47


Tags: intermediate goods; investment-specific technical change; growth accounting; gross output; multisector growth models

Does Regionalism Affect Trade Liberalization Towards Non-Members? Antoni Estevadeordal, Caroline Freund and Emanuel Ornelas
May 2008
Paper No' CEPDP0868:
Read Abstract | Full Paper (pdf)

JEL Classification: F13; F15


Tags: regionalism; external tariffs; trade liberalization

A Tale of Two Countries: Unions, Closures and Growth in Britain and Norway Alex Bryson and Harald Dale-Olsen
May 2008
Paper No' CEPDP0867:
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JEL Classification: J51


Tags: unions; closure; employment growth; comparative; system-gmm

Labor Market Reforms, Job Instability, and the Flexibility of the Employment Relationship Niko Matouschek, P Ramezzana and Frédéric Robert-Nicoud April 2008
Paper No' CEPDP0865:
Read Abstract | Full Paper (pdf)

JEL Classification: J41; D82


Tags: search; bargaining; asymmetric information; labor market reform

Union Decline in Britain David Blanchflower and Alex Bryson
April 2008
Paper No' CEPDP0864:
Read Abstract | Full Paper (pdf)

JEL Classification: J51


Tags: trade unions; employment growth; financial performance; industrial relations

Policy Uncertainty and Precautionary Savings Francesco Giavazzi and Michael F. McMahon
April 2008
Paper No' CEPDP0863:
Read Abstract | Full Paper (pdf)

JEL Classification: E21; H55


Tags: pension reform; precautionary saving; uncertainty; germany

Delayed Doves: MPC Voting Behaviour of Externals Stephen Hansen and Michael F. McMahon
April 2008
Paper No' CEPDP0862:
Read Abstract | Full Paper (pdf)

JEL Classification: E58 ;D71


Tags: monetary policy committee (mpc); bank of england; committee voting; signalling

Tax Cuts in Open Economies Alejandro Cuñat, Szabolcs Deak and Marco Maffezzoli
March 2008
Paper No' CEPDP0860:
Read Abstract | Full Paper (pdf)

JEL Classification: E13; E60; F11; F43; H20


Tags: international trade; heckscher-ohlin; dynamic macroeconomics; taxation; revenue estimation; laffer curve

International Trade, Minimum Quality Standards and the Prisoners' Dilemma Dimitra Petropoulou
February 2008
Paper No' CEPDP0858:
Read Abstract | Full Paper (pdf)

JEL Classification: L13;F19;F13


Tags: standards; quality; international trade; standard coordination

Employment Outcomes in the Welfare State L. Rachel Ngai and Christopher A. Pissarides
February 2008
Paper No' CEPDP0856:
Read Abstract | Full Paper (pdf)

JEL Classification: E24;I38;J22


Tags: welfare state; employment; social services; tax and subsidy; three worlds of welfare

The Ins and Outs of European Unemployment Barbara Petrongolo and Christopher A. Pissarides
February 2008
Paper No' CEPDP0853:
Read Abstract | Full Paper (pdf)

JEL Classification: E24; E32; J6


Tags: unemployment dynamics; job finding rates; job separation rates

Panic on the Streets of London: Police, Crime and the July 2005 Terror Attacks Mirko Draca, Stephen Machin and Robert Witt
February 2008
Paper No' CEPDP0852:
Read Abstract | Full Paper (pdf)

JEL Classification: H00; H5; K42


Tags: crime; police; terror attacks

On the Relative Gains to Immigration: A Comparison of the Labour Market Position of Indians in the USA, the UK and India Jonathan Wadsworth and Augustin de Coulon February 2008
Paper No' CEPDP0851:
Read Abstract | Full Paper (pdf)

JEL Classification: J31; J61; J68


Tags: immigration; wages; relative ranking