There is growing awareness among policymakers that, in order to break the so-called ‘low pay, no pay’ cycle, labour market programmes must do more than just encourage job entry. To help the unemployed achieve long-term self-sufficiency, they must also support them in work.
Can temporary in-work support help the long-term unemployed enter sustained work?
Richard Dorsett, 21 November 2013
Imran Rasul, Daniel Rogger, 19 November 2013
Since its inception in the 1850s, the British Civil Service has become a cornerstone of the executive branch of the UK government, translating the policy programme of the government into practice.
Should we promote ‘healthy choices’ or ‘healthy environments’?
Joan Costa-i-Font, 12 April 2013
A growing share of healthcare expenditures is both directly and indirectly the consequence of unhealthy behaviour.
On the use of high-powered incentives in the public sector
Simon Burgess, Carol Propper, Marisa Ratto, Emma Tominey, Stephanie von Hinke Kessler Scholder, 6 September 2012
With budgets under pressure, governments around the world are trying to get more from fewer public sector workers – the perennial productivity issue. A number have resorted to introducing ‘high-powered’ incentives into the public sector.
No margin, no mission? Motivating agents in the social sector
Oriana Bandiera, B Kelsey Jack, Nava Ashraf, 13 March 2012
Many organisations hire agents to perform pro-social tasks, namely tasks that entail benefits for others in society. This is mostly true for non-profit and other mission-driven organisations, but is becoming increasingly relevant for for-profit organisations that often engage in pro-social activities alongside their main line of business.
Why expect S&P, Moody’s, or Fitch to know it's junk when expert musicians can't tell a Stradivarius from a fiddle?
Victor Ginsburgh, 16 January 2012
A paper by Fritz et al (2012) published last week in the Proceedings of the National Academy of Sciences shows that professional musicians are unable to distinguish between the tonal superiority of a violin built by Stradivari (which would cost up to $4 million) from that of a new American instrument (a couple of thousand).
Bankers’ bonuses and the financial crisis
Ian Tonks, 8 January 2012
In the fallout from the financial crisis of 2007-8, a number of official policy documents have reported on its causes and have identified executive pay packets and bonuses in banks and financial institutions as being partly to blame.
Incentive and insurance effects of tax financed unemployment insurance
Torben M. Andersen, 27 September 2010
Topics: Europe's nations and regions, Labour markets, Taxation, Welfare state and social Europe
Tags: flexicurity, incentives, Risk sharing, search, unemployment benefits
Incentive accounts: A solution to executive compensation
Xavier Gabaix , Alex Edmans, 24 June 2009
In an influential book, Bebchuk and Fried (2004) argued that executive compensation is set by managers themselves to maximise their own pay, rather than by boards on behalf of shareholders. Indeed, many commentators argue that executives’ pay schemes were major contributors to the financial crisis, encouraging them to take on too much risk and manage their company for short-term profit.
Jon Danielsson, Con Keating, 25 May 2009
The bonus culture in financial institutions encouraged excessive risk taking with implications for financial stability; individual traders enjoyed the upside, leaving the financial institution and even the public to suffer the downside (Sibert 2009, Boeri 2009,
- A tale of two depressions: What do the new data tell us? February 2010 updateEichengreen, O’Rourke
- Educated in America: College graduates and high school dropoutsHeckman, LaFontaine
- Eurozone breakup would trigger the mother of all financial crisesEichengreen
- Panic-driven austerity in the Eurozone and its implicationsDe Grauwe, Ji
- Debt, deleveraging, and the liquidity trap: A new modelKrugman
Cadot, de Melo, 16 June 2014
CEPR Policy Research
- The buyer margins of firms' exportsCarballo, Ottaviano, Volpe
- Commodity and Equity Markets: Some Stylized Facts from a Copula ApproachDelatte, Lopez
- Ethnic Unemployment Rates and Frictional MarketsGobillon, Rupert, Wasmer
- Finance and Poverty: Evidence from IndiaAyyagari, Beck, Hoseini
- The Manipulation of Basel Risk-WeightsMariathasan, Merrouche
- The economics of Scottish independence in an interdependent worldHughes Hallett
- Making city lights shine brighterYusuf, Leipziger
- The euro in the 'currency war'Bénassy-Quéré, Martin
- The roots of shadow bankingPerotti
- What’s wrong with Europe?Baldini, Manasse
- Corporate Finance Theory Symposium19 - 20 September 2014 / Cambridge / Judge Business School, Cambridge University
- International Trade, Finance, and Macroeconomics: Research Frontiers and Challenges for Policy18 - 19 December 2014 / The Bank of England, London / The Bank of England, Centre for Macroeconomics and CEPR