February 2019

The Economic Effects of the UK Government’s Proposed Brexit Deal

By Arno Hantzsche (National Institute of Economic and Social Research; University of Nottingham), Amit Kara (Bank of England - Monetary Policy Committee), Garry Young (National Institute of Economic and Social Research) The focus of our analysis is on how the UK government's proposed Brexit deal is likely to affect the economy. First, we assess how trade, migration, foreign direct investment, productivity and contributions to the EU budget might change by reviewing current proposals against historical evidence. Second, we use the...

The Economic Effects of the UK Government's Proposed Brexit Deal

By Arno Hantzsche (National Institute of Economic and Social Research; University of Nottingham), Amit Kara (Bank of England - Monetary Policy Committee), Garry Young (National Institute of Economic and Social Research) The focus of our analysis is on how the UK government's proposed Brexit deal is likely to affect the economy. First, we assess how trade, migration, foreign direct investment, productivity and contributions to the EU budget might change by reviewing current proposals against historical evidence. Second, we use the...

Using Behavioral Science to Increase Retirement Savings in Mexico A look at what we have learned over three years

By Andrew Fertig, Alissa Fishbane, Jaclyn Lefkowitz Acknowledgements We’ve been fortunate to work with many individuals who made this report possible. We are enormously grateful to MetLife Foundation for its support and partnership throughout our efforts, and especially to Evelyn Stark, Alison Jarrett, Gabriela Zapata, and Nalleli Garcia Gutierrez. We’d like to thank our team members Marcela Cheng Oviedo, David Munguía Gómez, and Juan David Robalino for their excellent research and design contributions as well as their dedication...

January 2019

Work for a brighter future

From Global Commission On The Future Of Work New forces are transforming the world of work. The transitions involved call for decisive action. Countless opportunities lie ahead to improve the quality of working lives, expand choice, close the gender gap, reverse the damages wreaked by global inequality, and much more. Yet none of this will happen by itself. Without decisive action we will be heading into a world that widens existing inequalities and uncertainties. Technological advances – artificial intelligence, automation and...

China’s High Savings: Drivers, Prospects, and Policies

By Longmei Zhang (International Monetary Fund), Ray Brooks (International Monetary Fund   - Asia and Pacific Department), Ding Ding (International Monetary Fund), Haiyan Ding (International Monetary Fund), Hui He (International Monetary Fund), Jing Lu (International Monetary Fund), Rui Mano (International Monetary Fund) China's high national savings rate-one of the highest in the world-is at the heart of its external/internal imbalances. High savings finance elevated investment when held domestically, or lead to large external imbalances when they flow abroad. Today, high savings mostly emanate from...

China's High Savings: Drivers, Prospects, and Policies

By Longmei Zhang (International Monetary Fund), Ray Brooks (International Monetary Fund   - Asia and Pacific Department), Ding Ding (International Monetary Fund), Haiyan Ding (International Monetary Fund), Hui He (International Monetary Fund), Jing Lu (International Monetary Fund), Rui Mano (International Monetary Fund) China's high national savings rate-one of the highest in the world-is at the heart of its external/internal imbalances. High savings finance elevated investment when held domestically, or lead to large external imbalances when they flow abroad. Today, high savings mostly emanate from...

Learning about Careers: Open data and Labour Market Intelligence

By Graham Attwell & Deirdre Hughes Decisions about learning and work have to be placed in a particular spatial, labour market and socio-cultural context – individuals are taking decisions within particular ‘opportunity structures’ and their decisions and aspirations are further framed by their understanding of such structures. This article examines ways in which learning about careers using open data and labour market intelligence can be applied. An illustrative case study of the LMI for All ...

Order Without Design: How Markets Shape Cities

By Alain Bertaud An argument that operational urban planning can be improved by the application of the tools of urban economics to the design of regulations and infrastructure. Urban planning is a craft learned through practice. Planners make rapid decisions that have an immediate impact on the ground--the width of streets, the minimum size of land parcels, the heights of buildings. The language they use to describe their objectives is qualitative--"sustainable," "livable," "resilient"--often with no link to measurable outcomes. Urban economics,...

The Effect of Self-Employment on Income Inequality

By Stefan Schneck (Institut für Mittelstandsforschung (IfM) Bonn) It is well known that the self-employed are over-represented at the bottom as well as the top of the income distribution. This paper shifts the focus from the income situation of the self-employed to the distributive effects of a change in self-employment rates. With representative German data and unconditional quantile regression analysis we show that an increase in the proportion of self-employed individuals in the labor force increases income polarization by tearing...

Migration, Remittances and Brexit: European Labor Market Integration and Its Effects on Inequality and Convergence

By Pawel Langer (New York University) & Laszlo Tetenyi (New York University) The increase in migration from Eastern to Western Europe after their accession to the European Union (EU) in 2004 resulted in a large increase in remittances to New Member States (NMS) and were comparable in size to FDI or EU funds. This paper adds to the literature by analyzing the impact of remittances and migration jointly, rather than separately, on the integration of EU economies and their implications...