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Below are the latest headlines for CEP and STICERD. For full coverage see the
CEP News and Visitors Site
STICERD News and Visitors Site
Transport upgrades are a key part of the Northern Powerhouse strategy, but there is some criticism about how much large-scale public investment in transport can act as a panacea for economic development. Professor Henry Overman talks to the New Statesman about why investing in education should be a higher priority.
As part of the new system, the government is expected to drop plans for a salary threshold of £30,000 for applicants. The government immigration adviser, the Migration Advisory Committee, recommended last month that the UK should slash the main salary threshold for workers coming to Britain with a job offer to £25,600 per year after the post-Brexit transition period.
Alan Manning, chairman of the MAC, also said that while it would be possible to introduce a points-based system that allowed people with significant potential but no job offer to apply to come to the UK, the committee had struggled to understand what the government meant by "Australian-style, points based" system and suggested the idea was little more than a slogan.
'The PM stressed that we must demonstrate that the UK is open and welcoming to talent'.
Teachers are supposed to focus on their pupils' grades, but should their priority be to make students' feel good? Richard Layard
tells the TES why these goals are not mutually exclusive.
Authored by Irene Bucelli, Abigail McKnight and Kate Summers, this online policy toolkit provides a systematic, wide-ranging and accessible assessment of a variety of policies with a potential 'double dividend': policies that could lead to reductions in both poverty and inequality.
The selection of policies has been informed by a larger research programme, funded by the Joseph Rowntree Foundation, which has explored the relationship between inequalities and poverty. This research not only identified a positive empirical relationship between poverty and inequality it also reviewed evidence on potential mechanisms that might drive this relationship. To find out more about the statistical relationship and the mechanisms you can read the Overview Report, or download the working papers from the project page.
The policy toolkit can be accessed online or a pdf of the toolkit can be accessed here.
Who is it for?
The toolkit has been designed to be a useful aid to anyone interested in policies which reduce poverty and inequality and in particular policies with the potential to have a ‘double dividend’. It has been created with a wide audience in mind, including practitioners, policy-makers, academics and students.
What will it tell me?
The toolkit presents policy options, not recommendations. It analyses policies in terms of their relationship to poverty and inequality, public and political support, type and level of intervention, evidence of effectiveness and cost to government.
How do I use it?
The policies presented in this toolkit are organised in relation to the mechanisms identified in this project as well as by policy area and type of intervention. In total seven mechanisms were identified: (1) Political economy and public awareness; (2) Resource constraints; (3) Spatial disparities; (4) Housing; (5) Life-cycle and intergenerational mechanisms; (6) Crime and the legal system; (7) Labour market mechanisms. Each section of the toolkit examines a selection of policies in relation to drivers within each mechanism. Overall assessments are presented in short summary tables which also provide access to the more detailed information behind each summary.
Michael Callen is Assistant Professor of Economics and Strategic Management at the Rady Schcool of Management, UC San Diego, specialized in the areas of development economics, political economy, and experimental economics.
He is currently a STICERD Development Economics affiliate and a Visiting Senior Fellow at the Department of Economics
Michael Callen's personal website