The new global tax deal arrives (but expect bumps ahead)
Nearly 140 countries have agreed to a new global tax deal, which was years in the making. Estonia, Hungary and Ireland, the last holdouts, joined the...
Simpler approaches to a global tax plan
More than 130 countries have lined up in favour of a global redesign of corporate taxes. The redesign calls for multinational giants to pay their...
Changing bankruptcy law has given firms time to adapt and recover
Bankruptcies are costly, but economists worry about keeping doomed firms alive. Simeon Djankov (LSE) argues that restructuring bankruptcy laws has...
Gendered laws curb Olympic success
Legal gender equality is key for female participation in the labour market. The association between women’s legal empowerment and success in sports is...
When Zombie Firms Become a Worry, Revise Bankruptcy Laws
Bankruptcies have fallen sharply in OECD economies during 2020 and the first half of 2021 because of an array of COVID-related support available to...
Reducing the compliance costs of regulation
In much of the world, property sales are highly regulated and expensive. Using World Bank data, this column shows that while regulators and...
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 –...
Property Rights and Urban Form
How do the different elements in the standard bundle of property rights, including those of possession and transfer, influence the shape of cities...
US business dynamism rises
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...
Shaping Africa’s Post-Covid Recovery
With the exception of some flashpoints in Northern and Southern Africa, the continent has been largely spared from the direct health effect of Covid...
As COVID rages, bankruptcy cases fall
Bankruptcies have fallen sharply in OECD economies because of the array of COVID-related support available to businesses, as well as imposed moratoria...
Do Gendered Laws Matter?
We use a 50-year panel of gendered laws for 190 countries to examine whether laws and legal change are associated with several measures of women’s...
Making furlough portable would encourage people to move into new jobs
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...
Reform bankruptcy laws to save businesses from going under
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...
COVID-19 hurt women’s employment the hardest
Changes to maternity leave and pension regulation, among other policy tools, can lessen the burden on women.