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Blog

LSE British Politics and Policy:

What the price-to-rent ratio reveals about Britain's housing crisis

The consensus that Britain's housing crisis stems from the lack of enough houses being built has received intense criticism lately. Christian Hilber and Andreas Mense analyse the price-to-rent ratio of UK homes and argue...Read more...

CEP discussion paper

Adoption, incidence and welfare impacts of interest-free loans: evidence from solar PV

Steep declines in solar PV costs raises questions about whether, and how, to continue support. We leverage administrative microdata on the near-universe of UK domestic PV and a matched difference-in-differences design ex...Read more...

Blog

LSE Europp:

Ten countries, five continents, one pattern - women are less likely to pick STEM subjects

Women make up only 35 per cent of STEM graduates globally. Andres Barrios Fernandez and Aspasia Bizopoulou show that while there is huge variety between countries in the educational attainment of men and women, young wom...Read more...

Government consultation

Commons' Treasury Committee

Swati Dhingra was one of the four members of the Bank of England's Monetary Policy Committee to give evidence to the committee following the Bank's November report and a close vote which maintained interest rates at 4%....Read more...

Blog

VoxEU :

Brexit's slow-burn hit to the UK economy

The UK is once again debating why its economy has grown slowly since the mid-2010s. This column examines the impact of the decision to leave the European Union in 2016. Using almost a decade of data since the referendum,...Read more...

Blog

LSE British Politics and Policy:

Has the Budget improved property taxes?

The Budget introduced a new property tax in the form of higher Council taxes for houses that are valued over £2 million. Even though this seems like a good start in addressing the regressive nature of the UK's property ...Read more...

Blog

LSE British Politics and Policy:

Is there merit in Labour's asylum policies?

The Government's new policy proposals on asylum claimants and refugees have come under a lot of criticism. But Alan Manning argues that Labour's minister Shabana Mahmood has correctly identified that the current status q...Read more...

Blog

UK in a Changing Europe:

Care workers and Indefinite Leave to Remain

Alan Manning reflects on the government's proposal to change the rules for migrants to obtain Indefinite Leave to Remain (ILR) and its impact, using the example of migrants working in the care sector. ...Read more...

CEP discussion paper

Minority bureaucrats' networks and career progression: evidence from the Chinese maritime customs service

Do minorities benefit from social networks? In this paper, we study this question using the historical example of China's first modern bureaucratic organization, the Chinese Maritime Customs Service. Drawing on newly dig...Read more...

Blog

East Asia Forum:

Rethinking industrial policy for resilience, sustainability and growth

When well designed and transparent, industrial policy can drive inclusive growth and resilience. When poorly governed, it risks inefficiency, capture and stagnation, writes Chiara Criscuolo....Read more...

Blog

LSE Business Review:

The end of the Amazon soy moratorium will accelerate deforestation

Rules preventing the purchase of soy grown on land cleared after 2008 slowed deforestation in the Amazon and reduced greenhouse-gas emissions. But now pressure is mounting in Brazil for the rules to be loosened. Rhamon T...Read more...

Book

Why Immigration Policy Is Hard: And How to Make It Better

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CEP discussion paper

Mind the lag: Using assessed and list prices as proxies for housing market values

Property transaction prices are widely regarded as the best measure of property value, but are sometimes unavailable. Using data from the Netherlands and New York, we analyze whether list prices and assessed values are r...Read more...

CEP discussion paper

Accommodating emerging giants in the global economy

How has aggregate income and welfare in the United States been affected by globalization and rapid productivity growth in emerging economies? We use the class of constant elasticity trade models to provide quantitative e...Read more...

Government consultation

Lords' Justice and Home Affairs Committee

Alan Manning gave evidence to the Lords' Justice and Home Affairs Committee....Read more...

Blog

LSE British Politics and Policy:

Budget 2025 - how to cure the UK's low productivity

Productivity powers economic growth and shapes living standards. Yet the UK continues to falter on both counts. Low productivity and weak investment have become defining features of the economy, and this year's Budget wi...Read more...

Blog

Economics Observatory:

Can we explain why inflation in the UK is higher than in the Euro Area?

Swati Dhingra of the Bank of England's Monetary Policy Committee argues that UK inflation is more similar to Europe than it seems, and therefore rate cuts are possible without threatening the return of inflation to targe...Read more...

Blog

LSE British Politics and Policy:

Explainer: What is economic productivity?

Productivity powers economic growth and raises living standards. But the UK has witnessed a prolonged period of stagnation, marked by weak economic productivity growth. While the reasons behind this slowdown are often de...Read more...

CEP discussion paper

The Economics of climate innovation: technology, climate policy, and the clean energy transition

We examine the economics of climate innovation and its role in the clean technology transition. It outlines the incentives, market failures, and policy levers that shape the development and diffusion of clean technologie...Read more...

Blog

The Conversation:

Could new tenants' rights usher in rent controls? Here's why that wouldn't necessarily be a positive

The new Renters' Rights Act introduces provisions to protect tenants in England against rent increases. While the UK government says it "does not support the introduction of rent controls", the act does allow tenants to ...Read more...

Blog

The WorkLab podcast:

Harvard's Raffaella Sadun on why it's so hard to become a Frontier Firm

The business school professor shares insights on the human cost of change, making progress without a playbook, and how leaders can turn AI experiments into a competitive advantage. ...Read more...

Journal article

The Economic Journal: Forthcoming

The rise and fall of the price-to-rent ratio: why are superstar cities different?

In most countries, during the 2000s and 2010s, house prices rose substantially relative to rents. This trend, however, was not uniform across space or time. The price-to-rent ratio increased much more strongly in the cou...Read more...

Blog

Economics Observatory:

Does getting richer make people happier?

The relationship between economic growth and happiness is not as straightforward as it first appears. While higher income is associated with greater wellbeing, other factors like healthcare and friendship are important t...Read more...

Blog

LSE Business Review:

How the Great Recession affected millennial education and careers

In 2025 the proportion of young British people aged 16 to 24 who were not in education, employment or training was at its highest since 2014. How much impact do educational choices made at that age have on future careers...Read more...

CEP discussion paper

When do employers share? Rent sharing, monopsony and minimum wages

When firm productivity or product demand rises, workers typically share in the gains through higher wages or expanded employment. We show that for firms under monopsony with a binding minimum wage, this link from firm ga...Read more...