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Handelsblatt Economists Ranking

CReAM's Director, Christian Dustmann is ranked #1 on the new Handelsblatt Economists Ranking. The ranking considers more than 3,000 research-intensive economists from German-speaking countries and German-speaking economists abroad.

European Research Council (ERC) Awards

CReAM's Director, Christian Dustmann has been awarded an ERC Advanced grant on The Migration Challenge: Labour Markets, Policy Reforms, and Social Cohesion.

UCL News

ERC News

CReAM's Deputy Director, Uta Schönberg has been awarded an ERC Consolidator grant on Wage Inequality.

UCL News

ERC News

Cutting refugees’ benefits results in more crime and less education

Reducing welfare benefits for refugees and immigrants is largely ineffective for increasing employment and promoting integration, and instead leads to poverty, ‘survival crime’ and less schooling, according to a new study from CReAM's Christian Dustmann and co-authors from the Rockwool Foundation.

This research received very high media attention in Denmark and has resulted in a public hearing (26.03.2019) and a presentation in the Danish Parliament.

Press Release

Discussion Paper

UCL News

Disadvantaged boys benefit most from early school years

Research by Christian Dustmann and Thomas Cornelissen finds that boys from disadvantaged backgrounds benefit most from early schooling, helping to narrow the skills gap (60-80%) with boys from high socio-economic backgrounds.

Press Release

Discussion Paper

UCL News

The Times

The Indepedent

Tes

Housing costs have exacerbated income equality in Germany

CReAM Research by Christian Dustmann and co-authors finds that changes in housing expenditures dramatically exacerbated the rise in income inequality in Germany since the mid-1990s. The research was covered on the German press.

Press Release

Discussion Paper

VoxEU

FAZ

UCL News

Immigrant and disadvantaged children benefit most from early childcare

Attending universal childcare from age three significantly improves the school readiness of children from immigrant and disadvantaged family backgrounds.

Press Release

Discussion Paper

iNews

UCL News

FAZ

VoxEU

 

Brexit

BBC Three Counties

Christian Dustmann discussing Theresa May's comments on EU workers 'jumping the queue' on BBC Three Counties.

CReAM seminar

CReAM - Seminar in Applied Economics

Paula Bustos (CEMFI)

"Capital Accumulation and Structural Transformation"

Event date: Monday 18th November 2019
Time: 4:00-5:30 Place: Malet Place Engineering Building 1.03 Speaker Room: TBC

Several scholars argue that high agricultural productivity growth can retard indus- trial development as it draws resources towards the comparative advantage sector, agriculture. However, agricultural productivity growth can lead to industrialization through its impact on capital accumulation. We highlight this effect in a simple model where larger agricultural income increases savings and the supply of capital, generating an expansion of the capital-intensive sector, manufacturing. To test the predictions of the model we exploit a large and exogenous increase in agricultural income due to the adoption of genetically engineered soy in Brazil. We find that savings generated in soy-producing regions were not reinvested locally. Instead, agricultural productivity growth generated capital outflows from rural areas. To trace the destination of capital flows we match data on deposit and lending activity of all bank branches in Brazil, bank-firm credit relationships and firm employment. We find that capital reallocated from soy-producing to non-soy producing regions, and from agriculture to non-agricultural activities. The degree of financial integration affects the speed of structural transformation. First, regions that are more financially integrated with soy-producing areas experienced faster growth in non-agricultural lending. Second, firms that are better connected to soy-producing areas through their pre-existing banking relationships experienced larger growth in borrowing and employment.