Principles of industrial policy

The return of the policy that shall not be named: Principles of industrial policy Achieving sustained growth over long periods of time has been an elusive 'holy grail' of macroeconomics. In the past 50 years…

The benefits of starting school early

In most OECD countries, primary education starts at age 6 to 7; the UK is among a few countries where children move from pre-primary into primary education at or before  the age of 5.1  Some argue that…

Discrimination in hiring based on fertility

Discrimination in hiring based on potential and realised fertility: A field experiment Sascha O. Becker, Ana Fernandes, Doris Weichselbaumer 05 June 2019 Men and women still have very different labour market outcomes – in terms…

£350 million a week: The output cost of…

Editor's note: This is the second update to a column originally published on 27 November 2017 and first updated on 1 October 2018. In our original Vox column from 28 November 2017 (see below), we estimated the output…

Export-led growth in Central and Eastern Europe

In Central and Eastern European countries (CEECs), globalisation overlapped with the economic transition and integration with the EU, and the large amount of structural change that occurred at that time. This involved a gradual removal…