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Diversity in Teams and Creative Output

Modern labor markets increasingly rely on teamwork for tasks that require creative thinking, yet little is known about how such creative output is produced. We exploit the randomized allocation of first-year undergraduate students to study groups in a large Economics module to examine how diversity in team members’ backgrounds affects the creativity of their collaborative work. Each group produces...

Stress and Resilience in the Labor Market

Competition and Pass-through: Lessons from the Greek Islands

Industrial policy and free trade – Managing tensions, exploiting synergies

Free, fair, and diversified trade plays a crucial role in the development of new technologies and thus also in the success of industrial and innovation policy strategies. Access to critical raw materials and other inputs, such as semiconductors or steel scrap, is often a prerequisite for the development of new technologies, including in the important areas of digitalization and decarbonization. At...

Industrial Policies and Market Dynamism – what role for competition policy in industrial strategies?

Amidst a global battle for technological leadership in fast-changing and emerging industries, Europe has been losing competitiveness. Productivity remains weak. While innovation is taking place in the EU, its large-scale commercialisation often occurs abroad – along with the creation of new firms and employment that accompany it. Industrial policy could help address these challenges, but too often...

More cohesion on climate issues?

More cohesion on climate issues? The vast majority (71 percent) of Germans would like to see their politicians do much more to combat climate change, with 83 percent reporting they are concerned about climate change. At the same time, many people are worried about the economic consequences of climate policy. Only eight percent are clearly opposed to ecological transformation – a small but potentially ...

More cohesion on climate issues?

The vast majority (71 percent) of Germans would like to see their politicians do much more to combat climate change, with 83 percent reporting they are concerned about climate change. At the same time, many people are worried about the economic consequences of climate policy. Only eight percent are clearly opposed to ecological transformation – a small but potentially divisive group. These and other ...

Public Policies and the Housing Affordability Gap

Between 1950 and 2023, the housing cost burden — approximated by the proportion of total household consumption expenditure spent on housing, water, electricity and fuel — has risen almost steadily in many countries around the world. First, this trend can be explained by substantial improvements in the quantity and quality of housing. In fact, in some countries (e.g., Germany), per capita floor space ...

Start-up Subsidies for Entrepreneurs out of Unemployment

The OECD Centre for Entrepreneurship, SMEs, Regions and Cities (CFE) of the Organisation for Economic Cooperation and Development (OECD) monitors and reports on the state, development and impact of inclusive entrepreneurial activity in European Union and OECD countries, and related public policies and actions. It focuses on how public policy can create jobs through self-employment and...

Fairness of Earnings in Europe: The Consequences of Unfair Under- And Overreward for Life Satisfaction

A large percentage of workers in Europe perceive their earnings to be unfairly low. Such perceptions of unfairness can have far-reaching consequences, ranging from low satisfaction to poor health. To gain insight into the conditions that can attenuate or amplify these adverse consequences, comparative research on the role of country contexts in shaping responses to perceived unfairness is needed. Furthermore, ...