Over the past decade or so, there has been a fundamental change in what the managers of Japanese companies believe are their key objectives. Ronald Dore traces the country's conversion to Anglo-Saxon capitalism - and growing concerns about the emergence of a new 'divided society'.

Can education policy offer solutions to Africa's AIDS epidemic? Harvard University's Michael Kremer, who visited CEP this past summer, reports on the evidence from four primary school-based interventions in Western Kenya.

The Stern Review of the economics of climate change proposes a dramatic increase in public spending on research into carbon-mitigating technologies as well as market-based schemes for trading and taxing pollution. Ralf Martin suggests how these two policy elements might be most effectively combined.

Major events like the terrorist attacks on New York of 11 September 2001 generate large but typically short-lived bursts of uncertainty. New research by Nick Bloom explores the effects of such shocks on employment, investment and productivity - and how monetary policy-makers should decide on the...

Has recent anti-discrimination legislation made a difference to the pay and employment prospects of gay men and lesbian women in the UK? Reza Arabsheibani, Alan Marin and Jonathan Wadsworth investigate.

CEP congratulates Professor Edmund S. Phelps of Columbia University on being awarded the 2006 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel.

Why do some poor communities have levels of child mortality as low as those in wealthy countries while others lose more than a fifth of their children under the age of five? Research by Peter Boone shows that the key lies in having parents with good general education and health knowledge - and...

We know that civil conflict is hugely costly for poor countries but how can we measure the costs of such strife for individuals? Florence Kondylis looks at the impact of the waves of ethnic violence and consequent mass migrations in Rwanda on the economic performance of subsistence agricultural...

We know that freer trade between countries usually increases efficiency by reallocating resources from less productive plants to more productive plants. Holger Breinlich finds that it can also have a significant impact on mergers and acquisitions activity - which has important implications for...

We consider the link between poverty and subjective well-being, and focus in particular on potential adaptation to poverty. We use panel data on almost 54,000 individuals living in Germany from 1985 to 2012 to show first that life satisfaction falls with both the incidence and intensity of...