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

Good to Know
What leaving the EU could mean for you and your family

'You're going to see in increase in consumer prices from Brexit and most of that is going to hit the middle income,' Swati Dhingra, assistant professor at LSE's Department of Economics and Centre for Economic Performance told Mashable.

This article appeared on Good to Know on 24 June 2016 Link to article

Related publications
See the complete set of CEP Brexit Analysis research papers here.

Related links
Swati Dhingra webpage
Hanwei Huang webpage
Gianmarco Ottaviano webpage
Thomas Sampson webpage
John Van Reenen webpage
Trade Programme webpage
Growth Programme webpage
EU Referendum 2016: What will happen to your money now we've voted to Brexit?

So we've decided to take a leap and vote to leave the EU. What is it going to mean for you and your money? We've voted. The decision has been made. We're out of the European Union, in a move that has triggered the Prime Minister's resignation. Where do we go from here? Both the Leave and Remain campaigns were very vocal about what would happen if we left the EU. Here's a look at what has already happened this morning, and what might lie ahead for your finances. ...
Economists for Brexit's Patrick Minford said that Remainers were thinking about the departure in the wrong way: ''Osborne has false assumptions about what Brexit would be, condemning us to less free trade than we have at the moment,'' he said in the build-up to the referendum. ''EU firms will not like us leaving and selling into a market which is more competitive. It's time for our industries to adjust.'' Minford said that the economy would be more dynamic and more efficient now that we're out of the EU. Swati Dhingra disagreed, saying that the economy would suffer because of a shallower pool of talent from other EU countries. ''People come here young and able to work,'' she said. Contrary to the red tape rhetoric, Dhingra says that Britain is one of the most regulation-free markets in the world - right up there with the USA and Canada.

This article was published online by on June 24, 2016
Link to article here

Related publications
Full series of CEP Brexit Analyses can be seen here

Related links
Swati Dhingra webpage
Trade Programme webpage

Turbulence and uncertainty for the market after 'Brexit'

The world map has been redrawn with the rules of commerce across Europe, the largest marketplace on earth. Britain's vote on Thursday to leave the European Union has set in motion an unprecedented and unpredictable process that threatens turbulence and potential crisis - for Britain, for Europe and for the global economy. ... ''You get a rabbit-in-the-headlights phenomenon where businesses don't want to make new decisions, or new investments, because they are uncertain about the future,'' said John Van Reenen, director of the Centre for Economic Performance at the London School of Economics. ''The immediate effect will be a lowering of investment activity, a lowering of hiring. There will an immediate slowdown of growth.''

This article was published online by CNBC (USA) on June 24, 2016
Link to article here

Also in
The New York Times
Turbulence and Uncertainty for the Market After 'Brexit'

Related publications
Full series of CEP Brexit Analyses can be seen here

Related links
John Van Reenen webpage
Growth Programme webpage

Latest in the series of blogs for Trust for London
Inequalities and disadvantage in London – focus on ethnicity

The new London Mayor Sadiq Khan was elected in May on a platform of fairness, with commitments to a more equal London, the creation of a new economic fairness unit within the GLA and tackling low pay. In this latest blog we look at disparities in key economic outcomes (unemployment, youth unemployment, low pay, income and wealth) in London by ethnic group.

The findings are drawn from our comprehensive report on inequality and disadvantage in London published last year, The Changing Anatomy of Economic Inequality in London (2007-2013). The report provided a detailed picture of what happened to different population groups in London in the wake of the crisis and downturn. In a series of blogs we are expanding that analysis by ‘drilling down’ into different aspects of inequality in London.

Other blogs in this series:

What happened to inequality in London following the crisis and downturn?

Inequalities and disadvantage in London – focus on Disability

Inequalities and disadvantage in London: focus on Religion and Belief

LSE Housing and Communities Book Launch
Cities for a Small Continent: International Handbook of City Recovery by Professor Anne Power

LSE Housing and Communities, with support from La Fabrique de la Cité invites you to the launch of Anne Power's latest publication 'Cities for a Small Continent'. This book draws together 10 years of ground-level research into the ways Europe's ex-industrial cities are treading new paths in sustainability. Anne Power uses seven case-study cities to detail how and why city change happens, and how cities in the world's smallest, most crowded, most city-loving continent can build a more viable, balanced and sustainable urban future.

Download the Book Order Form here - £15 Special Launch Price Until 30th June 2016

Listen to the podcast:

Chaired by Professor Ricky Burdett, this event will explore the causes and consequences of urban challenges in post-industrial European cities and the potential that their model offers in creating more sustainable cities. Bruce Katz of the Brookings Institution will situate this study in a US-context whilst Anne Power will set out the European perspective. Speakers confirmed are: Cities for a Small Continent will be available to buy at the event. There will also be an opportunity to have your book signed by Anne Power and Bruce Katz.

The event is free but booking is essential. Please RSVP to to register your interest.

Old Theatre, Old Building, London School of Economics, Houghton Street, London WC2A 3PH

LSE Housing Special Event

Tackling Extreme Poverty
New research work reveals ways to break the poverty trap

The World Bank published a blog on the work lead by STICERD director Professor Oriana Bandiera in collaboration with the IGC, UCL and BRAC, on the subject of reducing extreme poverty

Markus Goldstein, who is lead economist in the Office of Chief Economist in the Africa Region at the World Bank,  highlights the most important contributions that the recently revised paper "Labor Markets and Poverty in Village Economies" makes to the question of lifting the ultra poor.

The research, which looks at BRAC's Targeting the Ultra-Poor program implemented in Bangladesh, shows that: (i) the poor are able to take on the work activities of the non-poor but face barriers to doing so, and, (ii) one-off interventions that remove these barriers lead to sustainable poverty reduction.

In his blog, Goldsteing concludes that Professor Bandiera and her colleagues "indicate a sustainable (and cost effective – see the paper for the numbers) way to break poverty traps and map a clear and sustainable trajectory out of poverty".