Millions will be made worse off by the government's benefits cuts. But the ramifications of Labour's spring statement could be even wider.

How a generation of economists are learning lessons from our volatile times, with Dr Wei Cui, Associate Professor of Economics at UCL

We show that a menopause diagnosis leads to lasting drops in earnings and employment, alongside greater reliance on social transfers.

This paper examines intermediation in production networks to unpack the firm attributes and matching costs that govern firm-to-firm networks and the gains from trade. Exploiting rich customs data for Chile, we show that exporters of all sizes use intermediaries, mix trade modes across buyers, and set lower prices on intermediated flows. We rationalize these facts in a model of network formation with suppliers of heterogeneous productivity and matchability, buyers of heterogeneous productivity, and intermediaries that reduce matching costs for a brokerage fee. Empirical evidence on trade activity across firms and countries corroborates the model, and informs how geographic distance, logistics and customs efficiency, formal institutions, and cultural-linguistic similarity shape network costs. Model estimation reveals that sellers’ attributes are negatively correlated, such that intermediaries enable highly productive sellers with low matchability to reach smaller buyers. This amplifies the welfare gains from intermediation due to wider and deeper network connectivity.

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March marks the start of Women’s History Month, with International Women’s Day falling on 8 March. Find out more about what’s happening at UCL throughout March!

Tariffs will not be good for the US economy, despite what Donald Trump’s team thinks.

An empowerment programme in Sierra Leone that supported girls through a simple life skills and livelihood training buffered adolescent girls from the adverse effects of the Ebola crisis.

New research in JAMA Pediatrics shows the long-term benefits of early home visiting programmes for the wellbeing of mothers and their babies

Abstract. When people receive new information, sometimes they revise their beliefs too much, and sometimes too little. We show that a key driver of whether