Given recent budget problems around the world, many governments have proposed sharp cuts to education. What are the likely long-run costs of these cuts? Growing evidence suggests that the lasting impacts of reductions in early childhood investments, school quality, and educational attainment among today’s youth are likely to extend beyond declines in future productivity and earnings.
The impacts of education on crime, health and mortality, and civic participation
Lance Lochner, 17 October 2011
A different approach to assessment-based accountability
Derek Neal, Gadi Barlevy, 8 October 2011
For more than two decades, school systems in the US and around the world have introduced new accountability and incentive systems for public school educators that rely of the test scores of students as performance signals for educators.
Expanding access to elite education: What do we know?
Sandra McNally, Nina Guyon, Eric Maurin, 6 October 2011
Facebook and its co-founder Mark Zuckerberg, the world’s youngest self-made billionaire, are products of Harvard University, often listed as the finest university in the world.
The democratic transition
Fabrice Murtin, Romain Wacziarg, 5 October 2011
Throughout history the march toward political freedom has not been a smooth process. It has happened in fits and starts, in waves, and was often reversed or interrupted. The collapse of several Middle Eastern authoritarian regimes in the wake of this year’s Arab Spring illustrates the point clearly.
Is education policy innovation policy?
Ralf R Meisenzahl, Joel Mokyr, 13 June 2011
The Industrial Revolution is widely regarded as the start of modern economic growth. In his recent influential work, Allen (2009a, 2009b) has resurrected induced innovation theory and re-emphasised the role of factor prices.
Democracy, quality of government, and the average voter
Piergiuseppe Fortunato, Ugo Panizza, 4 June 2011
The standard efficiency argument in favour of democracy is based on the idea that free elections are an effective instrument for ousting inept and corrupt politicians (e.g. Sen 2000). This view, however, is based on the assumptions that voters are capable of monitoring and evaluating government actions.
“The people want the fall of the regime”: Schooling, political protest, and the economy
Davin Chor, Filipe R Campante, 25 April 2011
The wave of political protest that has shaken the Middle East since late 2010 has been a textbook example of a “prairie fire” revolution (Kuran 1989). The tragic act of protest of a Tunisian street vendor set off a contagious streak of demonstrations that has so far claimed two seemingly unshakeable incumbents in Tunisia and Egypt and still threatens a number of fellow strongmen.
Are friends important in educational outcomes?
Eleonora Patacchini, Yves Zenou, 25 February 2011
Each student influences his or her classmates – not only through knowledge spillovers and how teachers respond to him/her, but also in how he/she affects classroom standards. A less disciplined student is more likely to disrupt his/her classmates, forcing the teacher to devote more time in class to disciplining rather than transmitting knowledge.
Investment in financial literacy and saving decisions
Tullio Jappelli, Mario Padula, 8 February 2011
The demographic transition is increasingly shifting the responsibility of saving decisions from the welfare system to individuals. The switch from defined benefits to defined contributions pension systems is making individuals more liable for their long-term saving choices. In addition, the recent financial crisis has questioned people’s ability to manage their debts.
The virtuous equity-efficiency trade-off in educational outcomes
Richard B. Freeman, Stephen Machin, Martina Viarengo , 4 January 2011
How countries fare in international tests of student achievement is a magnet for media attention the world over.
- Fiscal consolidation: At what speed?Blanchard, Leigh
- Public debt and economic growth, one more timePanizza, Presbitero
- Escaping liquidity traps: Lessons from the UK’s 1930s escapeCrafts
- The lessons of the North Atlantic crisis for economic theory and policyStiglitz
- Rethinking macroeconomic policyBlanchard
- 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
- Debt, deleveraging, and the liquidity trap: A new modelKrugman
- Panic-driven austerity in the Eurozone and its implicationsDe Grauwe, Ji
Reichlin, Baldwin, 14 April 2013
Reichlin, Turner, Woodford
CEPR Policy Research
- The "Greatest" Carry Trade Ever? Understanding Eurozone Bank RisksAcharya, Steffen
- Political Credit Cycles: The Case of the Euro ZoneFernández-Villaverde, Garicano, Santos
- Winning by Losing: Incentive Incompatibility in Multiple QualifiersDagaev, Sonin
- Income and schoolingBrückner, Gradstein
- Monetary Policy and Rational Asset Price BubblesGalí
- How the EZ crisis is permanently changing EU institutionsMicossi
- WTO 2.0: Global governance of supply-chain tradeBaldwin
- Is US economic growth over? Faltering innovation confronts the six headwindsGordon
- The economic crisis: How to stimulate economies without increasing public debtWood
- Austerity: Too Much of a Good Thing?Corsetti