Fair and inclusive markets: Why fostering dynamism matters

Philippe Aghion, Reda Cherif, Fuad Hasanov  Rising inequality and firms’ market power pose challenges to the aims of inclusive growth and shared prosperity. Nevertheless, growth and equity need not be mutually exclusive. This column argues that economic dynamism is crucial for achieving sustained growth and more equal market outcomes. It shows that countries that experienced […]

Less (or more) than zero: Zero-hours contracts in the UK

Juan Dolado, Etienne Lalé, Hélène Turon Zero-hours contracts are the subject of heated debate in the UK. While some point to the benefits of flexible contracts under fluctuating demand, others have raised concerns about potential exploitation. This column uses a structural model to examine their equilibrium and welfare effects. The findings suggest that zero-hours contracts should be […]