This episode is a special edition of Policy Matters, looking back at some of the highlights from the last year. We revisit our discussions of social mobility in general and the role of vocational education in particular, along with more recent conversations on the economics of crime and the economics of happiness. Franz and Matt will be back with more episodes of Policy Matters in 2019.
In this episode of Policy Matters, hosts Franz Buscha and Matt Dickson are joined by Dr George MacKerron, senior lecturer in economics at the University of Sussex. George is an expert in the economics of happiness and wellbeing and the man behind the ‘mappiness’ project. George explains the importance of looking beyond financial measures of individual and national wellbeing and discusses the extent to which the cliché that ‘money can’t buy happiness’ holds true. Franz, Matt and George then discuss the findings from the ‘mappiness’ project which collects real-time data on individual’s self-reported happiness, allowing detailed analysis of the activities that have the greatest impact on how we feel and the way this also depends on where we are and who we’re with. George goes on to explain a number of ways in which public policy can have real impact on individual’s happiness and wellbeing.
In this episode of Policy Matters, hosts Franz Buscha and Matt Dickson are joined by Steve Machin, Professor of Economics at the London School of Economics, and a leading expert in the economics of crime. We might not initially think that economists have much to say on crime and policing, but Steve explains how the choice to commit crime can be thought of like any other choice that involves weighing up the costs and benefits. As such, when the prices of goods on the black market change or the chances of being caught change there is a response in crime rates. Similarly, when individuals are made to stay in school longer, this leads to a reduction in crime as those with more education can earn more in the labour market and so crime is less attractive. Steve goes on to highlight a number of ways in which the economics of crime research has led to changes in policy that have had positive results for society.
In this episode of Policy Matters, hosts Franz Buscha and Matt Dickson are joined by Professor Paul Gregg from the University of Bath to consider the prospects for today’s young people leaving education and entering the labour market. We hear a lot in the news about the job market challenges facing young people; and yet employment rates are at record levels, recent generations are the most educated ever with more and more people going to University and then enjoying a graduate wage premium – so what’s the problem? Paul provides an insight into how the economy has been changing over the last decade or so, the ways in which the recession following the 2007/8 financial crisis was unlike anything we’ve had before, and how young people have suffered the most. Matt and Franz then discuss with Paul the ways in which the challenges for policy are different now to what’s often been the case in the past, and consider what government policy can do to improve the prospects for young people today.
In this episode of Policy Matters, hosts Franz Buscha and Matt Dickson are joined by Dr Lindsey Macmillan from University College London to discuss the role of education in social mobility. Issues relating to education are never far from the policy agenda or the headlines – whether it is early years education, university tuition fees or the possible return of grammar schools. But what does academic research tell us about the role of education at each age and stage in improving life-chances of children from poorer backgrounds, and what does this mean for policy? Franz and Matt discuss these issues with Lindsey; and also consider the limits as to what education policy can achieve, given the way that the UK labour market – and wider society – is structured.
In the first of this new series, Policy Matters, Franz Buscha and Matt Dickson discuss social mobility – what does it mean, how do we measure it, what is it like in the UK and why is it an important issue?
From Tony Blair to Theresa May, incoming prime ministers have talked boldly about the socially mobile Britain that their government will create, and social mobility has become a much-discussed topic in academia and public policy debates. But what would it mean to have a more socially mobile Britain, how could it be achieved, and what barriers stand in the way? Taking a broad overview of the topic, Franz and Matt consider their own personal mobility and why it is so difficult for the political rhetoric to be translated into effective policy.