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 we think and work. Today, that promise is starting to take hold. The Scorecard is showing that accountability and transparency are not about compliance—they are tools that help us make better […]
Workers often remain in their jobs even when they know they may get higher wages elsewhere, raising questions about the effectiveness of pay transparency laws. This column draws on a large German survey to examine how information frictions shape labour market outcomes. The findings suggest that workers are better informed than many policymakers assume, but […]
Governments are increasingly employing industrial subsidies, raising questions about their market implications. This column undertakes a thorough econometric testing of the causal impacts of subsidies on several firm performance indicators for large manufacturing companies. The authors find that subsidies increase firms’ market shares but have either no impact, or a negative impact on investment and […]
