We analyse the role of financial sector workers in the huge rise of the share of earnings going to those at the very top of the pay distribution in the UK. Rising bankers' bonuses accounted for two-thirds of the increase in the share of the top 1% after 1999. Surprisingly, bankers' share of...

The reconstruction of Kuwait, following its occupation by Saddam Hussein’s Iraq in 1990, constitutes a significant though rarely studied episode of post-war recovery. On the eve of liberation in 1991, Kuwait faced a number of challenges including physical rehabilitation and reconstruction,...

Until some political mechanism creates incentives to elect moderate representatives who can reach across the ideological divide, the US seems destined to heightened levels of policy uncertainty for many years to come. Some research suggests that such uncertainty, particularly over economic...

John Van Reenen sketches the evolution of CEP research on the drivers of productivity growth - and its impact on policies to foster competition.

The CASE annual report containing interesting articles and summaries of research from the previous year.

We report a study of a stylized banking cascade model investigating systemic risk caused by counterparty failure using liabilities and assets to define banks' balance sheet. In our stylized system, banks can be in two states: normally operating or distressed and the state of a bank changes from...

Europe's numerous fiscal crises – 2003 Stability and Growth Pact (SGP) crisis, its subsequent 2005 reforms, and the recent sovereign debt woes – draw attention to a shift in the management of EMU; namely the inclusion of more uncertainty-based governance. Understood as modalities of...

How do we ensure that companies with the potential to grow do so? Does a lack of finance prevent firms from growing and benefiting the wider economy? These are important questions if we are looking for economic growth. There has been much focus and debate on the funding issues affecting small...

This study of migrants’ settlement into the London area as captured by the latest, 2011 census adopts two approaches to demonstrate a nuanced concentric pattern in the location of migrants from different parts of the world. First, the differentiation of migrants into stylised categories of...

Is there a trade-off between people's preference for income equality and income mobility? Testing for the existence of such a trade-off is difficult because mobility is a multifaceted concept. We analyse results from a questionnaire experiment based on simple precise concepts of income...