The government wants 3m houses built by 2020. Economic theory tells us their locations matter for living standards. Economics cannot tell us the optimal locations, but does show that houses are usually socially more valuable in high land-price areas, because additional workers are more...

Under-participation in selective universities lowers social mobility in England, the United States, and elsewhere. English universities have standardized tuition costs, and strongly heterogeneous graduate earnings. Attending a selective university is therefore strongly incentivized, yet...