Why global imbalances matter again – and what to do about them
Global imbalances are back, and the lesson from history is that they often end in financial crises. This column, based on the authors’ chapter in
The weaker US job ladder has slowed wage growth
Since the 1980s, real wages in the US have grown only slowly, even as productivity has continued to rise. This column shows that a weaker
Migration shocks and voting
Russia’s invasion of Ukraine triggered an unprecedented displacement of millions of refugees across Europe, highlighting the need to examine its political effects. This column discusses
The great AI talent migration: Why universities are losing the future of innovation
For decades, universities were the beating heart of frontier research. Using a new database tracking the employment histories of 42,000 AI researchers, this column shows
More women in politics does not always mean more gender equality
Evidence on the policy impact of female politicians is mixed. This column uses data on bills sponsored in the Italian House of Representatives between 1987
Differences in AI adoption in Europe and the US: Explanations and implications for productivity growth
The economic impact of generative AI will depend on the speed and breadth of adoption by workers and firms. Drawing on a survey of workers
Why firms’ responses to corporate taxes differ across countries
Debates on corporate taxation hinge crucially on how firms respond to changing tax incentives. This column uses administrative tax data from 16 countries and a
How far the apple falls: Evidence on social mobility across OECD countries
Understanding levels and patters of intergenerational social mobility can help in designing policy mixes that enhance both drivers of economic growth and equality of opportunity.
Gig jobs and crime: Evidence from food delivery platforms in France
Food delivery platforms lower barriers to legal work for disadvantaged groups. Using the staggered rollout of Deliveroo and Uber Eats across France, this column shows
Knowledge jobs help firms to influence demand
Firms can shape demand by designing attractive products, managing quality, adapting to regulations, and deploying effective marketing strategies. This column argues that a set of
