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Posts by Linda Yueh

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Share of bill sponsorships by female legislators, by policy topic
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The great AI talent migration: Why universities are losing the future of innovation For decades, universities were the beating heart of frontier research. Using a new database tracking the employment histories of 42,000 AI researchers, this column shows that in the case of AI, top ta...

For decades, universities were the beating heart of frontier research. In the case of AI, top talent has increasingly migrated from universities to large incumbent firms, as the salary gap between industry and academia has risen.
cepr.org/voxeu/column...

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Migration shocks and voting Russia's invasion of Ukraine triggered an unprecedented displacement of millions of refugees across Europe, highlighting the need to examine its political effects. This column discusses the effects of...

While low-skilled migrants may increase support for right-wing parties, the presence of high-skilled migrants has a negative effect.
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Real hourly wages in the US, 1939–2024
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Global shocks are back: Emerging markets holding up When global uncertainty increases, emerging markets are typically the most exposed. Historically, tighter US monetary policy has led to capital outflows, currency depreciation, and tightening financia...

What is remarkable is that the nonfinancial sector foreign exchange debt is below 20% of GDP and around 10% of total debt, down from the levels of around 40-60% for most of the emerging markets.
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Income and technology job posting share in 2022
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Bank failures: The roles of solvency and liquidity Do banks fail because of runs or because they become insolvent? Answering this question is central to understanding financial crises and designing effective financial stability policies. This column d...

If runs are the main cause of bank distress, deposit insurance & central bank emergency lending may suffice to prevent costly failures eg Silicon Valley Bank. If instead insolvency is the deeper problem, emphasis must shift toward bank capital, supervision, risk management
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Rapid technology creation widened inequality across time and space The US college wage premium nearly doubled between 1980 and 2010, rising fastest in dense cities and among young workers. This column argues that the sheer pace at which new technologies were invented...

The standard explanation for the rising college premium centres on skill-biased technical change — the idea that successive waves of technology structurally favour educated workers
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The value of free health insurance: Evidence from Mexico’s Seguro Popular Expanding free health insurance is central to universal health coverage, but its impact depends on how households value it. This column examines Mexico’s Seguro Popular and shows that households value...

Mexico’s Seguro Popular (SP), introduced in the early 2000s, was one of the most ambitious efforts. It extended free public health insurance to those outside the formal sector, covering nearly half the population that previously lacked insurance.
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An Olympic opportunity for social housing policy: Lessons from the Athens 2004 Olympic Village Soaring rents, long waiting lists, and mounting political anger are forcing governments across Europe to address gaps in social housing provision. This column examines whether new homes can also trans...

Unlike most Olympic host cities, Athens designed its 2004 Olympic Village from the outset for post-Games social housing. The project was ambitious and at the time Europe’s largest: €300 million, 2,300 housing units across 366 buildings, and roughly 10,000 eventual residents.
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Cross-border payment technologies, innovations, and challenges: Lessons from domestic and cross-border payments Cross-border payments are essential for global trade, remittances, and financial transactions, but remain inefficient compared to domestic payments. This column reviews developments in the wholesale, ...

"The difficulty of international trade lies not in the exchange of goods but in the exchange of currencies." John Maynard Keynes (1944) - Bretton Woods Conference.
cepr.org/voxeu/column...

Read more in my great economists book:
www.amazon.co.uk/Great-Econom...

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Catch my take at 18:05 on the IMF’s latest assessment of the UK economy #bbcwales

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@lindayueh.bsky.social, David Shukman, Mishal Husain

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2/ "I am proverbial middle management. I am wedged between directors, who have no idea what’s going on, and a team that needs tons of direction.”

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Meetings take up more than a quarter of the week — are they pointless? Harry Wallop visits the firms that have found better ways of working

According to a Canadian company that analysed 50,000 office workers’ calendars, the average worker attends 13.6 meetings a week, up from 7.5 in 2019, before Covid struck. Typically, workers spend more than a quarter (27%) of their working week in some form of meeting
www.thetimes.com/life-style/w...

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Information equalisation and competition in selection markets: Evidence from auto insurance Efforts to reduce information asymmetries across firms are increasingly at the centre of Europe’s digital regulatory agenda. This column examines how differences in risk-rating precision, cost structures, and product differentiation among Italian auto insurers affect pricing and targeting strategies. It estimates large consumer surplus gains from greater information sharing, driven by reductions in premiums. The gains are concentrated among less informed firms, while losses are largest for those at the top of the information hierarchy. Policy interventions such as the creation of a centralised risk bureau can generate substantial welfare gains but need to preserve incentives for innovation.

Initiatives like the Data Act, the Digital Markets Act, and the Second Payment Services Directive (PSD2) reflect a broader shift towards opening up data-driven markets to new entrants
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The content moderator’s dilemma: How removing toxic speech distorts online discourse Online platforms face a fundamental tension between removing toxic content and preserving the plurality of online discourse. This column discusses a new methodology for measuring the distortions that content moderation introduces to the semantic composition of social media content. Based on a representative sample of 5 million US political tweets, the authors show that removing toxic content significantly alters the information landscape, equivalent to eliminating 4 out of 67 topics from the debate. Rephrasing toxic content with large language models, rather than deleting it, can reduce toxicity while mitigating these distortions.

Germany’s Netzwerkdurchsetzungsgesetz, UK’s Online Safety Bill, and EU’s Digital Services Act all mandate that platforms take responsibility for moderating content. As of 2020, at least 25 countries had passed laws requiring the removal of toxic material from social media.
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Total government bond issuance
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Greening at the border: Carbon Border Adjustment Mechanism incidence on EU member states and their trading partners The EU’s Carbon Border Adjustment Mechanism seeks to address carbon leakage and ensure fair competition between EU and non-EU producers as EU climate policy tightens. This column uses input-output tab...

CBAM currently applies to sectors such as cement, steel, aluminium, fertilizers, electricity, hydrogen, and certain intermediate products. Together, these sectors account for approximately 50% of emissions covered under the EU Emissions Trading System
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Knowledge jobs help firms to influence demand Firms can shape demand by designing attractive products, managing quality, adapting to regulations, and deploying effective marketing strategies. This column argues that a set of jobs – knowledge jobs...

Firms do not compete on productivity alone: their success also depends on their ability to shape demand – by designing attractive products, managing quality, adapting to regulations, and deploying effective marketing strategies.
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Gig jobs and crime: Evidence from food delivery platforms in France Food delivery platforms lower barriers to legal work for disadvantaged groups. Using the staggered rollout of Deliveroo and Uber Eats across France, this column shows how expanding access to legal income for such groups can reduce crime even when the jobs are temporary, flexible, and low-paid. The policy goal should be to pair accessible entry-level work with pathways to skill development and stable employment.

In France, many food delivery drivers are young migrants for whom platform work had become a rare foothold in the labour market. One migrant summed up: “riding a bike, even on precarious terms, was better than more nefarious ways of making money like selling drugs”.
cepr.org/voxeu/column...

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How far the apple falls: Evidence on social mobility across OECD countries Understanding levels and patters of intergenerational social mobility can help in designing policy mixes that enhance both drivers of economic growth and equality of opportunity. This column provides new cross-country estimates of intergenerational social mobility for 29 OECD countries. Parental background exerts a significant influence on offsprings’ socioeconomic outcomes, though with a different extent across countries. Education is a key channel of intergenerational mobility.

Parental education strongly correlates with children’s earnings. But this pattern is highly heterogeneous, being markedly weaker in the Nordics than, for example, in Central European countries.
cepr.org/voxeu/column...

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Why firms’ responses to corporate taxes differ across countries Debates on corporate taxation hinge crucially on how firms respond to changing tax incentives. This column uses administrative tax data from 16 countries and a unified empirical framework to estimate corporate taxable income elasticities. It shows that the responsiveness of corporate taxable income varies widely across economies, and there are large differences in efficiency costs of corporate taxation as well. The differences are linked to tax system design, firm characteristics, and economic fundamentals. The results imply that identical tax reforms can produce very different revenue and efficiency outcomes.

Governments across the world are reconsidering corporate tax rates in the wake of the OECD’s global minimum tax agreement, fiscal pressures following the pandemic, and increasing concerns about tax avoidance and profit shifting.
cepr.org/voxeu/column...

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Share of workers and work hours using generative AI in 2026
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Output per hour worked in the US and Europe
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When and why political leaders polarise rhetoric: Evidence from Twitter/X Standard theories of electoral competition predict that politicians should converge toward the centre as elections approach. This column challenges this prediction, using 3.4 million tweets from 367 political leaders across 21 Western democracies. Rhetorical polarisation between populist and non-populist leaders rises sharply in the two quarters before an election and reverts to average levels once it is over. Both groups adopt a more emotionally direct communication style as elections near, but they increasingly talk about different topics. The findings suggest that social media turns electoral campaigns into an engine of political polarisation.

3.4 million tweets from 367 political leaders across 21 Western democracies: Rhetorical polarisation between populist and non-populist leaders rises sharply in the two quarters before an election and reverts to average levels once it is over.
cepr.org/voxeu/column...

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More women in politics does not always mean more gender equality Evidence on the policy impact of female politicians is mixed. This column uses data on bills sponsored in the Italian House of Representatives between 1987 and 2022 to show how female politicians’ engagement with women’s issues is systematically related to the gender norms of the environments in which they were born. The findings suggest that while increasing the number of women in politics remains essential to broaden representation and diversify policy priorities, if social norms remain traditional, progress on gender equality may still be slow.

Despite steady progress, women remain underrepresented in politics. In 2025, only 27.4% of parliamentarians worldwide were women, up from 11% in 1995
cepr.org/voxeu/column...

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Studio Sessions: Extreme Weather - how leaders can adapt
Studio Sessions: Extreme Weather - how leaders can adapt YouTube video by Standard Chartered

Studio Sessions: Extreme Weather - how leaders can adapt

www.youtube.com/watch?v=zdBs...

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MasterClass Launches MasterClass Executive, the First AI-Native Business School Experience Developed with the University of Chicago Booth School of Business and with collaboration from OpenAI to prepare professionals for a world rewritten by AI Taught by iconic instructors including Ray Da...

More info: mstr.cl/MasterClassE...

opentools.ai/news/masterc...

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Measuring national technological trajectories using 200 years of international patent data Innovation underpins sustained long-run economic growth, yet measuring technological success is challenging. This column compiles two centuries of patent data and leverages filings in multiple patent offices to document the rise and decline of technological leadership. The findings suggest that technological progress can be fostered through long-run investments in R&D, education, and national security.

International patent data shows persistent gaps in technological performance, with leading countries like the United Sates, Germany, Japan, and South Korea benefiting from sustained investments in R&D, education, and defence @cep-lse.bsky.social
cep.lse.ac.uk/_new/publica...

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