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.
Investment in financial literacy and saving decisions
Tullio Jappelli, Mario Padula, 8 February 2011
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.
The impact of university research on corporate patenting
Christian Helmers, Mark Rogers, 21 December 2010
University research is a catalyst for business sector innovations, according to several empirical studies (see for example, Agrawal 2001).
Are skill-intensive imports from rich nations deskilling emerging economies?
Raphael Auer, 10 December 2010
Among economists and policymakers alike, there is now a sense of agreement that import competition from low-wage countries has caused a decline in the relative wage of unskilled workers in rich nations, probably best summarised by Krugman’s verdict that the impact of trade on wages “is big, and getting bigger” (see
The historical roots of inequality
Graziella Bertocchi, Arcangelo Dimico, 14 November 2010
In March 2010 President Obama presented the US Congress a plan to reform No Child Left Behind (NCLB), America’s main federal education programme. NCLB was enacted in 2002 under President Bush with the full bipartisan support of Congress. Yet one of the criticisms to NCLB stresses its failure to reduce the deeply rooted racial and ethnic gaps that still afflict the US education system.
Childcare subsidies and child wellbeing
Chris Herbst, Erdal Tekin, 9 October 2010
Childcare subsidies are increasingly used by state and local governments to facilitate employment and reduce welfare use among economically disadvantaged families in the US. Most public expenditures on child care assistance in the US are funnelled through the federal Child Care and Development Fund (created as part of the 1996 welfare reform).
Producing superstars for the economic Mundial: The team in the tail
Lant Pritchett, Martina Viarengo , 20 August 2010
In the World Cup (or Mundial in Spanish), the tails matter. Each nation’s destiny depends on the players on the pitch. The question is not which nation has the highest average quality of football players among its population nor which nation has the best single player but which country can assemble a team of 11 at their various positions, who can beat all comers.
The effect of home computer use on children’s outcomes
Ofer Malamud, Cristian Pop-Eleches , 21 July 2010
There are large disparities in computer ownership both between and within countries. Estimates from the OECD's 2003 Programme for International Student Assessment (PISA) indicate that most 15 year old students in developed countries have access to a computer at home (91% in the US).
The long-term impact of life before birth
Douglas Almond, Janet Currie, 24 June 2010
The last decade has seen a blossoming of research on the long-term effects of early childhood conditions across a range of disciplines. In economics, the focus is on how human capital accumulation responds to the early childhood environment. This work has been spurred by a growing realisation that early life conditions can have persistent and profound impacts on later life.
The university as an internal labour market
Catherine M. Haeck, Frank Verboven, 17 June 2010
During the past decade policymakers have spent considerable effort to reform European universities. Aghion et al. (2008) provide a critical review of recent higher education policies and an agenda for desirable reforms.
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CEPR Policy Research
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- 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
- What’s wrong with Europe?Baldini, Manasse
- How the EZ crisis is permanently changing EU institutionsMicossi