Growing numbers of university students in Britain and the United States are staying on after their first degrees to invest in a postgraduate qualification. Joanne Lindley and Stephen Machin document this trend and assess the impact on wage inequality - among graduates and across the labour force...

In the last CentrePiece, John Van Reenen stressed the importance of competition and labour market flexibility for productivity growth. His latest in CEP's 'big ideas' series describes the impact of research on how policy-makers can influence innovation more directly - through tax credits for...

The heavy police presence at football matches in England has reduced hooliganism in the stadium - but at what cost in terms of both policying budgets and under-protected places elsewhere in the neighbourhood? Olivier Marie examines the multiple effects of football matches on crime.

New inventions are good for economic growth, but equally important are improvements in the way we make things - what's known as process innovation. Tim Leunig and Joachim Voth measure the impact of two such innovations - mechanical cotton spinning and the motorcar assembly line - on the world's...

Employment in the European Union is still falling short of the objectives set by the continent's leaders more than 10 years ago. Nobel laureate Chris Pissarides explains why Europe remains behind the United States in job creation, particularly in business services and the health and education...

It is now widely understood that the quality of state schools in a neighbourhood has an impact on local house prices. Analysing data for Paris, Gabrielle Fack and Julien Grenet have looked deeper into this link by exploring how the presence of private schools influences parents' willingness to...

Average earnings vary widely across the regions of Britain, a fact that has prompted many decades of policies aimed at reducing regional disparities. But as Henry Overman and Steve Gibbons demonstrate, such variation reveals little, especially if we ignore regional differences in the cost of...

This paper reviews the empirical evidence on firm heterogeneity in international trade. A first wave of empirical findings from micro data on plants and firms proposed challenges for existing models of inter- national trade and inspired the development of new theories emphasizing firm...

We develop a theory of human capital investment to study the channels through which students react to school quality when deciding on investments in secondary education and above, and to study how educational quality affects economic growth. In a dynamic general equilibrium closed economy,...

This paper analyses whether in developing countries mass education is more growth enhancing than to have a minority well educated elite. Using the Indian census data as a benchmark and enrollment rates at different levels of education we compute annual attainment levels for a panel of 16 Indian...