Comparing labor market efficiency across Europe
Comparing labor markets across countries is a potentially valuable tool for identifying effective policies and institutions. But, because countries often define variables or collect data in divergent ways, making such comparisons is difficult. In a paper in the American Economic Review: Insights, authors Antoine Bertheau, Edoardo Maria Acabbi, Cristina Barceló, Andreas Gulyas, Stefano Lombardi and Raffaele Saggio shed light on the consequences of losing a […]
Nick Crafts and the importance of history in understanding economic performance
Stephen Broadberry, Bishnupriya Gupta, Tim Hatton, Tim Leunig 14 Oct 2023 Nick Crafts, who passed away in October 2023, was the most distinguished British economic historian of his generation. This column, written by a group of his friends and colleagues, outlines his many contributions to economic history. Perhaps his most far-reaching work was his radical reinterpretation of the […]