Latest RLAB News

Below are the latest headlines for CEP and STICERD. For full coverage see the CEP News and Visitors Site and the STICERD News and Visitors Site

Centre for Economic Performance Press Release
The 2014 EIB Prize for Excellence in Economic and Social Research awarded to the economists Nicholas Bloom and John Van Reenen

The EIB Institute announces that this year's 'Outstanding Contribution Award' - with a prize of EUR 40,000 - will go jointly to Professors Nicholas Bloom (Department of Economics, Stanford University) and John Van Reenen (Centre for Economic Performance and Department of Economics, London School of Economics and Political Science) in acknowledgement of the academic excellence, work published and impact on public policy of their research on this year's prize topic ''Innovation, Market Structure and Competitiveness''.

The press notice was released by the Centre for Economic Performance on July 22, 2014
Link to the press release here

Related links
Nicholas Bloom webpage
John Van Reenen webpage
Productivity and Innovation Programme webpage
Management Practices and Organisational Structures Research webpage

This is local London
Town hall responds to omission of Highams Park from promo material

Highams Park was not mentioned in material promoting business in Waltham Forest on the advice of London School of Economics (LSE) research, the council has said. There has been outcry after the area, long recognised as a neighbourhood in its own right, was not included in a logo, magazine or website for the launch of the 'Waltham Forest London' campaign. Residents, councillors and business in the area claim it is the latest example of the town hall ignoring Highams Park, where many businesses have closed in recent years. A council spokeswoman said the areas of Leytonstone, Leyton, Chingford and Walthamstow were chosen on the advice of the LSE Growth Commission report commissioned to recommend how the borough could raise its profile and attract inward investment.

This article was published online by This is Local London on July 20, 2014
Link to article here

Related links
Francesco Caselli webpage
Christopher Pissarides webpage
John Van Reenen webpage
LSE Growth Commission website

El Pais
Lecturas de verano: el nuevo regeneracionismo

Article by Jesus Fernandez-Villaverde and Luis Garicano
Summer reading: the new regeneration
Our normally apathetic civil society mobilizes periodically to demand institutional changes that bring us closer to Europe (we do not speak here of those who seek to emulate our cousins ruined Venezuelans). One of the few good things about the brutal economic crisis has been the revival of these desires in a new regeneration. The members of this movement, each with its own nuances, share a common idea: to regenerate our nation to build a more democratic, more modern, more prosperous and more just Spain. Unlike previous movements, new regeneracionistas enjoy a new tool, the Internet, which allows them to reach many Spanish and hope to not end up like his predecessors.

This article was published by El Pais on July 19, 2014
Link to article here

Related links
Luis Garicano webpage
Productivity and Innovation Programme webpage

Report Launch:
Facing Debt: Economic Resilience in Newham

On 18th July 2014 the final report was launched from a year long research project conducted by the London School of Economics for the London Borough of Newham into the impact of debt and the experience of life on a low income.

 

The rising cost of living, stagnant wages and welfare reform have placed many households under increased financial strain. This report, commissioned by the London Borough of Newham and written independently by Professor Anne Power, offers a powerful insight into the lives of some of the hardest pressed people in our country. This research highlights the struggle of both working and non-working households and explores the relationship between financial planning and skills and attitudes to credit and debt. The report also provides a valuable insight into the real impact of welfare reforms and helps to inform Newham’s ongoing work to strengthen resilience.

 

A panel discussion was held with Polly Toynbee (Guardian), Vidhya Alakeson (Resolution Foundation), Professor Anne Power (LSE) and Sir Robin Wales (Mayor of Newham). The discussion considered the drivers and solutions to increasing levels of personal debt and what can be done locally, nationally and within the community to build economic resilience. The London Borough of Newham also outlined its plans to respond to the analysis in the report.  

The full report is available here (pdf). An audio recording of the launch event is also available.

Watch an interview with a Newham resident who took part in the research.


The Guardian Newspaper
Maitreesh Ghatak: India needs more than Narendra Modi's trickle-down model

EOPP director, Prof Maitreesh Ghatak, has recently published an article in the Guardian (July14th 2014) to comment on Narendra Modi's vision of growth and development. India's PM points to Gujarat as an emblem of economic success. Prof Ghatak points out that despite impressive growth, the state lags behind on welfare. He argues that a trickle-down model will not suffice and that "structural reforms are needed to facilitate growth, make it broad-based, and improve the efficiency and accountability of anti-poverty programmes" To read the article click here.


Austin Robinson Prize awarded to STICERD academic
Johannes Spinnewijn

At this year's Royal Economic Society Annual Conference, held in Manchester 7-9 April 2014, Johannes Spinnewijn won the 2013 prize for his paper Insurance and Perceptions- How to Screen Optimists and Pessimists. Launched in 2007, this annual prize is awarded for the best non-solicited paper published in The Economic Journal by an author who has completed their PhD in the last five years. The winner is selected by the Editors of the EJ. His presentation is now available to view on YouTube.

Oriana Bandiera was the Programme Chair for the 2014 conference, and the main sessions are available at http://live.wavecast.co/res-annual-conference/.