Measuring human capital: Learning matters more than schooling
Human capital is a critical component of economic development. But the links between growth and human capital – when measured by years of schooling –...
Human capital is a critical component of economic development. But the links between growth and human capital – when measured by years of schooling –...
Steep falls in entrepreneurial activity were recorded in early 2020 across G7 economies. In the US, however, the creation of US startups shot up by 24...
Bankruptcies have fallen sharply in OECD economies because of the array of COVID-related support available to businesses, as well as imposed moratoria...
Last week brought welcome news about the apparent effectiveness of a potential Covid-19 vaccine. While the challenges of manufacturing and...
Financial crises invariably lead governments to intervene in one way or another, whether to ease the damage to middle-class voters, to respond to the...
Furlough is here to stay – in the UK, at least until March. The author argues that making part of furlough income portable would encourage people to...
Faced with the prospect of hundreds of thousands of businesses going under, the UK changed its bankruptcy laws in June. Other G7 countries that put...
Changes to maternity leave and pension regulation, among other policy tools, can lessen the burden on women.
Tourism has taken an enormous hit during the pandemic. Simeon Djankov (LSE) looks at some of the ways governments are trying to revive the sector –...
In some countries, COVID-19 has prompted property transactions to move online, and in these places the market has picked up as a result. It represents...
In a world of limited public capacity, which rules and institutions that protect property rights have the largest impact on economic activity? This...
France and Germany have announced big recovery plans. Simeon Djankov looks at what they have in common – and what’s missing from both.
Young, small, and domestic market-oriented firms are more likely to fall into financial distress.
It is often argued that democracy is the least imperfect form of government mainly because of the existence of a ‘self-correcting’ mechanism stemming...
A sizeable proportion of enterprises, especially SMEs, in receipt of financial assistance from the government will fail to repay. This column asks...
A decade of near-zero, and even negative, interest rates in advanced economies has both encouraged the continued accumulation of debt and a search for...