There is a well-established positive correlation between life-satisfaction measures and income in individual level cross-sectional data. This paper attempts to provide some evidence on whether this correlation reflects causality running from money to happiness. I use industry wage differentials...

In brief: Unequal shares: the economics of elite football clubs

Friederike Niepmann and Tim Schmidt-Eisenlohr analyse the balance between financial globalisation, national sovereignty and global cooperation in a crisis

CEP research highlights the potential role of improving the quality of hospital management for raising productivity in the UK healthcare sector

Henry Overman sketches the evolution of CEP research on why prosperity is so unevenly distributed across cities, regions and nations

Giordano Mion and colleagues investigate whether the trade collapse of 2008-09 reflected a crisis of international trade itself

Barbara Petrongolo outlines how his analysis of markets with search frictions has enhanced our understanding of how labour markets work and how policy-makers should respond

John Van Reenen and colleagues assess the impact on growth of 'knowledge spillovers' between corporate research labs located close to each other

Improving the way firms are managed could have a big impact on the UK's national productivity, says Rebecca Homkes

An experiment with Indian textile firms, conducted by Nicholas Bloom and colleagues, finds that better management has a huge impact on corporate performance