This paper estimates the large array of long-run benefits of an influential early childhood program targeted to disadvantaged children and their families. It is evaluated by random assignment and follows participants through their mid-30s. The program is a prototype for numero...

Continue reading →

Foreign Competition and Domestic Innovation: Evidence from U.S. P atents by David Autor, David Dorn, Gordon H. Hanson, Pian Shu, Gary Pisano Manufacturing is the locus of U.S. innovation, accounting for more than three quarters of U.S. corporate patents. The rise of import com...

Continue reading →

In a recent speech "Who owns a company?", Andy Haldane has this to say: In the earlier period, dividends decreased as often as they increased. This is as we would expect if profits fluctuate both up and down. After 1980, however, we see a one-way street. Dividend payout ratios...

Continue reading →

https://www.youtube.com/watch?v=6W0d9xMhZbo I wasn't a huge fan of George Michael, though I liked his songs, but I absolutely loved this one. So good to horse around on the dance floor to. When I was in my early 20s I was greatly taken with gay culture. It was a liberation mov...

Continue reading →

Well I came to this passage and thought it was the first thing the World Economic Forum have said in a while that I agree with. "A significant part of the global elite lost the sense of solidarity when it was needed." But of course it was from the head of the WEF, so he couldn...

Continue reading →

Sky News' Matt Cunningham is unimpressed by the actions of the Royal Commission into the Protection and Detention of Children in the Northern Territory, in restricting cross-examination of detainees, failing to proceed with hearings before Christmas, and obtaining a five month...

Continue reading →

It’s been a great 15 years in Australia for me and the family, so we will be leaving lots of friends and colleagues behind as we seek new adventures in London, where from next week onwards I will be part of a Wellbeing centre, pretty much the same topic as the Australian Resea...

Continue reading →

The Effect of Early Education on Social Preferences by Alexander W. Cappelen, John A. List, Anya Samek, Bertil Tungodden We present results from the first study to examine the causal impact of early childhood education on social preferences of children. We compare children who...

Continue reading →

The well-being or 'happiness' push has been rolling for more than a decade now. Though there were plenty of other voices like Bruno Frey , I date its take-off from around the turn of the 21st century when Richard Layard started cranking up the issue and invoking the ghost of B...

Continue reading →

Cross posted from the Mandarin It is six years since Australia’s Artist Resale Royalty scheme (ARR) commenced and three years since submissions to its Post Implementation Review (PIR) closed, though the review itself has never been published. However, in the absence of a healt...

Continue reading →

After a very gruelling 11 rounds of classical chess which produced nine draws and one win for either side, Magnus Carlsen surprised most people by not trying very hard for a win in his final 'classical' game with challenger Sergey Karjakin. He was biding his time for the playo...

Continue reading →