Sustained growth through creative destruction: Nobel laureates Philippe Aghion and Peter Howitt
Philippe Aghion and Peter Howitt have been jointly awarded the 2025 Nobel Prize in Economic Sciences with Joel Mokyr ‘for having explained innovation-driven economic growth’.
US weekly jobless claims decline, JPMorgan and Goldman Sachs estimate
Economists estimate weekly jobless claims fell to 217,000 from 235,000. The number of Americans filing new applications for jobless benefits fell last week, economists at
Hidden growth in US manufacturing productivity
Manufacturing is a locus of innovation, yet standard industry data show manufacturing productivity stagnating in the US. This column argues that standard measurements understate true
How firms respond to import competition: Labour force reduction, product/industry switching, and off-shoring
As global trade has expanded, many studies have documented the level of impact of import competition on employment, but we know less about how firms
Many paths to jobs: New World Bank Group Scorecard insights
Two years ago, the World Bank Group launched a revamped Scorecard not as another report but as a promise: that measuring impact would become part of how
How trade shapes women’s jobs in the services sector: New insights
Today’s global economy is more interconnected than ever, and trade — along with global value chains (GVCs) — plays a major role in shaping job opportunities.
US workers experience large month-to-month fluctuations in pay
Over the past decade, cities and states in the US have enacted ‘fair workweek’ laws to stabilise worker schedules. This column uses administrative data on
Protect to prosper: How nature-based tourism drives jobs and growth
That selfie you took on an idyllic white sand beach, in a sprawling city park, or atop a mountain range at sunset? It’s more than
Soviet communism was not more successful at reducing inequality than other regimes
Inequality is a major concern for many economies, prompting the question of whether some regimes are more effective at reducing inequality than others. This column
How to manage migration in an ageing country
With working-age populations projected to decline rapidly, all European countries face an unprecedented demographic challenge. Inflows of regular foreign workers are thus key to support
