A progressive tax system takes a larger amount from those most able to pay: someone who receives £100,000 should pay a larger share of that in tax than someone earning £10,000. A horizontally-neutral tax system takes the same amount from people with the same level of resources: two people receiving £100,000 should pay the same tax. The UK income […]
For most of us, our understanding of robots and artificial intelligence (AI) is drawn more from science fiction than from fact. Intelligent robots are often portrayed as either a virulent threat to humanity, as seen in the Terminator series of films or in Isaac Asimov’s I, Robot, or a socially beneficial tool, as with the Star Wars robots R2-D2 […]
This month’s episode of the LSE IQ podcast investigates whether cryptocurrencies are the future of money, a speculative bubble that will burst, or something else.
In 2008 a person or group going under the pseudonym ‘Satoshi Nakamoto’ published a white paper setting out the fundamentals of a peer-to-peer electronic cash system called bitcoin. This would do away with the need […]
The last few days represent more than just the most recent and inevitable controversy emanating from Facebook’s beleaguered offices. The scandal over Cambridge Analytica’s participation in electoral manipulation and gross breaches of privacy have resonated more widely with users than the earlier allegations about fake news and Russian connections.
On an individual level, Facebook users have to contend with the […]
The law of the European Union has influenced the development of the Internet outside the EU’s borders. The details of this influence are too complex to go into here, and are set out in my LSE Legal Studies working paper of the same title. But the following examples from just one Internet-related area, namely data protection and privacy law, […]
With less than two years until Britain leaves the EU, the implications of Brexit for financial stability are of some concern. Two key central bankers have reached opposites conclusions, with Mark Carney worried and Mario Draghi more sanguine. Broadly in line with Draghi, we think Brexit should mostly decrease systemic risk, albeit with a potential for an increase.
Brexit will […]
Like many others we were frustrated about the absence of both reliable and (almost) real-time economic indicators about the true state of the economy post-Brexit. Survey data was plentifully available, but often contradicted itself, and appeared to be heavily biased towards the political leaning of the sponsor. Hence, we decided to look for a truly independent and reliable indicator, […]
We all remember the hectic summer and fall of 2008 when the financial system was at the brink of the collapse. Since that time, policymakers have enacted structural reforms to the financial system, but what about the repurchase agreements (repo) market?
A repo is the sale of financial assets coupled with a promise to repurchase the same assets at a […]
We examine the impact of enhanced executive remuneration disclosure rules on the voting pattern of shareholders under UK regulations. The key findings are that shareholders guide their vote by top line salary only, and appear to disregard the remaining – substantial – body of information provided to them.
Our paper can be seen against a backdrop of numerous policy initiatives […]
As June Carbone and Naomi Cahn have put it, ambitious women currently engage ‘in what amounts to a reproductive game of chicken’. Delaying childbearing has many advantages, giving a woman time to both establish themselves in her career and secure a stable and comfortable home life, but at the same time, it increases the risk that she will not […]
The LSE Gender Institute has recently launched the report Confronting gender inequality — findings from the LSE Commission on Gender, Inequality and Power. Drawing on LSE research and external experts, the commission was designed to inform public and policy debates in the UK concerned with inequality and power imbalances between women and men. The work focused on the four main areas of […]