On 19th December, CEPR and the Bank of England hosted a joint workshop to discuss Thomas Piketty’s seminal work ‘Capital in the 21st Century’. Chaired by the Bank’s Chief Economist Andy Haldane, the panel comprised Orazio Attanasio, Tim Besley, Peter Lindert, Thomas Piketty and Jaume Ventura.
The immigration debate has focused on immigrants’ net fiscal impact – whether they receive more in welfare payments and other benefits than they pay back in taxes. This column summarises research showing that – contrary to popular belief – immigrants who arrived in the UK since 2000 have contributed far more in taxes than they have received in benefits. Compared with natives of the same age, gender, and education level, recent immigrants are 21% less likely to receive benefits.
Edmund Phelps 03 September 2014
At the Lindau meeting of Nobel laureates and young economists this week, Edmund Phelps argued that a loss of dynamism in the western world is stalling innovation, reducing productivity growth and threatening future prosperity. In this wide-ranging interview with Mark Thoma, they discuss his ideas, as well as inequality, austerity and graduate economics education.
Nauro F. Campos 22 May 2014
As Europe heads towards Parliamentary elections, this Vox Views interview looks at the economic benefits of EU membership. On average, European countries are 12% richer a decade after they join the EU. The UK is 24% better off since joining in 1973.