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The RES distributes Media Briefings summarising new economic research findings presented at its annual conference and published in each issue of The Economic Journal. Media briefings are also distributed in connection with other RES events and activities, such as the Annual Public Lecture and the Policy Lecture series.

To display media briefings for the current and past years, please click on the year selectors above.

Annual Conference Reports/Overviews produced by conference rapporteurs, leading economics journalists attending conference, are also available.

If you would like to receive these briefings via email, please contact RES Media Consultant, Romesh Vaitilingam, on +44-7768-661095 (email:

Featured Media Briefings

EFFECTS OF LARGE-SCALE MIGRATION ON LONG-RUN ECONOMIC DEVELOPMENT: Evidence from Argentina’s fertile plains pre-1914

During the age of mass migration (1850-1914), an unprecedented flow of Europeans migrated to the fertile plains in Argentina, and the skills they... More

DANIEL ELLSBERG AND JOHN MAYNARD KEYNES MEET AT AN URN: New research on the impact of ambiguity and complexity on decision-making

New research identifies a perception-based trait that lies at the heart of a decision-making paradox attributed to a 1961 study, ‘Risk, Ambiguity, and... More

BENEFITS OF CHINA’S EXPANSION OF HIGHER EDUCATION: New evidence of the boost to productivity, especially in high-skill industries

The surge in the size of China’s college-educated workforce since the early 2000s is helping Chinese firms to catch up with the technology frontier,... More

GROWTH, TRADE AND WAR: Economic history lessons for today’s global powers

Industrialisation requires the import of natural resources, potentially leading a rising power to trigger war either against a resource-rich country... More

SHIFTING THE TAX BURDEN ONTO FUTURE GENERATIONS: New study of the political economy of deficit bias and immigration

In societies where the share of immigrants and their descendants is growing rapidly, governments will increasingly rely on debt rather than current... More

October 2017

PUBLIC SUBSIDIES FOR INDEPENDENT RESEARCH: New study suggests formula for breakthrough innovations

Subsidies for research, rather than helping small firms bring innovations to market, will maximise the impact of new technologies on economic growth,... More

DESIGNING A FINANCIAL TRANSACTION TAX: Experimental evidence on the advantages of a ‘residence principle’ over a ‘market principle’

Introducing a financial transaction tax on all trades by residents in a particular jurisdiction would be preferable to a tax on all trades in a given... More


Recognition of politicians’ names by voters plays a key role in the self-perpetuation of political power by dynasties, according to a study of... More

BUBBLES AND CRASHES: Experimental evidence of what causes financial market volatility

Bubbles and crashes are an endemic feature of financial markets, according to research by Cars Hommes and colleagues, published in the October 2017... More

FINANCING NEW ELECTRICITY INFRASTRUCTURE BY AUCTION: Economists design a process where length of guaranteed revenues is up for grabs

Government auctions of the right to build new UK electricity infrastructure now allow investors to submit bids for contracts of varying length, for... More

CHANGING ATTITUDES TOWARDS RISK AS WE GET OLDER: New evidence that ageing societies become more risk-averse

Societies become considerably more risk-averse as their average age rises, which may have important consequences such as reducing investment in the... More

IDENTIFYING THE LEAST WELL-OFF IN SOCIETY: Look for those with the lowest spending not the lowest incomes

UK households with the lowest reported incomes are not those with the lowest levels of spending or the worst living standards, according to a new... More

SPECTRUM AUCTIONS: New research advises regulators how to avoid introducing fatal design flaws

Auction formats that are routinely used to allocate mobile telephone spectrum are often adapted and used by regulators with insufficient attention... More


Family-based nepotism can lead to the selection of dynastic politicians with relatively lower education levels compared with their political peers,... More

INTERGENERATIONAL MOBILITY: Why what your parents earn matters more for your life if you’re British than if you’re Swedish

There are stronger associations between parents’ incomes and their children’s later life outcomes in the UK than in Sweden: new research by Anders... More

HOW PRICES ARE DETERMINED IN ‘DARK’ FINANCIAL MARKETS: Experimental evidence on the percolation of information

The arguments behind abolishing decentralised markets as envisaged by the European Securities and Markets Authority (ESMA) in the new Markets in... More

DESIGNING AUCTIONS TO MAXIMISE PUBLIC REVENUES: Experimental evidence on auction format and sequence

Auctions are an efficient tool for the allocation of multiple units of multiple items such as carbon emission permits with varying periods of... More

BENEFITS TO RELATIVES OF TOP POLITICIANS: Evidence from Swedish local politics

Voters understandably prefer their political leaders not to make use of their hold on power to siphon off public resources to their children or... More

CHARITABLE BEQUESTS: New UK evidence on people’s wealth at death and what they want to happen to it

New research published in the October 2017 issue of the Economic Journal provides some of the most detailed evidence about people in the UK leaving... More

GAME OF ZONES: New evidence of the impact of gentrification on property values and designation of conservation areas

Growing numbers of wealthy and educated homeowners in a neighbourhood make it more likely to be designated a conservation area, according to research... More

September 2017


Exposure to drought in early life raises the chances that an individual will have a physical disability in later life. That is the central finding of... More


The workhorse model for analysing whether social assistance benefit receipt creates dependence effects is overly simplistic and unreliable for... More

‘ANIMAL SPIRITS’ GENERATE STOCK MARKET FLUCTUATIONS: New analysis and evidence for the US economy

Changes in investors’ expectations that aren’t driven by changes in the economic fundamentals explain 25-30% of the volatility of US stock prices,... More

LABOUR MARKET TAXES: New evidence that it matters whether it’s employers or employees who pay

Psychological mechanisms can lead to different economic outcomes when labour market taxes such as national insurance contributions are levied on... More

FAT TAXES AND THIN SUBSIDIES: New evidence that health and wealth inequalities will rise not fall

Taxes that make unhealthy food more expensive and subsidies that make healthy food more affordable appear to be an attractive way to address growing... More

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