Pedro Gomes
Professor of Economics at Birkbeck University of London, Author of Friday is the New Saturday. Works on macroeconomics, fiscal policy and labour markets. sites.google.com/view/pedromaiagomes/
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- The main point of my latest article: “One of the NHS’s greatest strengths is its reliance on evidence based medicine to make cost effective decisions. The same rigorous approach should be applied to the organisation of work.”
- I'm thrilled to share that I've been shortlisted for the 𝐏𝐚𝐧𝐦𝐮𝐫𝐞 𝐇𝐨𝐮𝐬𝐞 𝐏𝐫𝐢𝐳𝐞 – a global award inspired by the legacy of Adam Smith, recognising research that explores the relationship between long-term thinking and radical innovation. It is an honour.
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- 𝐍𝐚𝐭𝐮𝐫𝐞 𝐇𝐮𝐦𝐚𝐧 𝐁𝐞𝐡𝐚𝐯𝐢𝐨𝐮𝐫 just published a correspondence that I wrote together with Rita Fontinha, Brendan Burchell, and health economists Jolene Skordis, Pedro Pita Barros and Sotiris Vandoros.
- Great (and skeptical) discussion about the 4 day week. www.thestudiesshowpod.com/p/episode-76...
- Por fin es jueves, es el libro de la semana #25siete. www.257.uy/post/por-fin...
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- Reposted by Pedro GomesEpisode 86: Dan Gross on Labour Market Responses to Automation. #EconSky. Listen here at: www.thevisiblehand.uk/episodes/epi...
- 𝐌𝐚𝐝𝐞 𝐢𝐧 𝐄𝐮𝐫𝐨𝐩𝐞: 𝐦𝐨𝐧𝐞𝐭𝐚𝐫𝐲 𝐚𝐧𝐝 𝐟𝐢𝐬𝐜𝐚𝐥 𝐩𝐨𝐥𝐢𝐜𝐲 𝐢𝐧𝐭𝐞𝐫𝐚𝐜𝐭𝐢𝐨𝐧𝐬 𝐰𝐢𝐭𝐡 𝐟𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐟𝐫𝐢𝐜𝐭𝐢𝐨𝐧𝐬 Financial frictions + policy mix = post-crisis divergence. The US eased its way to recovery; the EA tightened its belt and stalled. Turns out, inflation isn’t always the villain! #Macroeconomics doi.org/10.1016/j.eu...
- 𝐇𝐮𝐦𝐚𝐧 𝐂𝐚𝐩𝐢𝐭𝐚𝐥 𝐚𝐧𝐝 𝐅𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭 Want a stronger economy? Pairing education with financial reforms creates a 30% bigger growth boost than tackling each alone. Who knew diplomas and credit lines were the dream team? 🎓📈 #FinancialDevelopment #EconomicGrowth #HumanCapital doi.org/10.1093/ej/u...
- 𝐈𝐦𝐦𝐢𝐠𝐫𝐚𝐭𝐢𝐨𝐧 𝐚𝐧𝐝 𝐋𝐚𝐛𝐨𝐮𝐫 𝐌𝐚𝐫𝐤𝐞𝐭 𝐅𝐥𝐨𝐰𝐬 Immigration myths busted: More immigrants ≠ fewer jobs for natives. From Spain to the U.S., migration inflows barely nudge native job-finding or job-separation rates. Turns out, the labor market pie grows! 🥧🌍 #LabourEconomics #Immigration doi.org/10.1016/j.la...
- Reposted by Pedro Gomesat://did:plc:5gyat6tphvvp36pdnhj7dt7n/app.bsky.graph.starterpack/3lawifsao6v2d
- 𝐏𝐮𝐛𝐥𝐢𝐜-𝐬𝐞𝐜𝐭𝐨𝐫 𝐞𝐦𝐩𝐥𝐨𝐲𝐦𝐞𝐧𝐭, 𝐰𝐚𝐠𝐞𝐬 𝐚𝐧𝐝 𝐞𝐝𝐮𝐜𝐚𝐭𝐢𝐨𝐧 𝐝𝐞𝐜𝐢𝐬𝐢𝐨𝐧𝐬 Raise public wages for top jobs and everyone studies harder 📚—but also lines up longer for those cushy jobs. Turns out, balancing education incentives and job queues is tougher than it looks! #PublicEmployment #Education doi.org/10.1016/j.la...
- 𝐏𝐮𝐛𝐥𝐢𝐜 𝐞𝐦𝐩𝐥𝐨𝐲𝐦𝐞𝐧𝐭 𝐚𝐧𝐝 𝐡𝐨𝐦𝐞𝐨𝐰𝐧𝐞𝐫𝐬𝐡𝐢𝐩 𝐝𝐲𝐧𝐚𝐦𝐢𝐜𝐬 Public-sector jobs in Italy: the ultimate homeownership hack 🏠✨. With stable contracts and less loan rejection, it's easier to trade job security for a house key. Meanwhile, private-sector workers? Still saving up. #Economics doi.org/10.1007/s111...
- 𝐏𝐮𝐛𝐥𝐢𝐜 𝐞𝐦𝐩𝐥𝐨𝐲𝐦𝐞𝐧𝐭 𝐫𝐞𝐝𝐮𝐱 Public sector: where a Master's degree can land you an unskilled job. 📚➡️💼 Wage compression and underemployment make it the ultimate plot twist for skilled workers. #PublicEmployment #Underemployment #Economics doi.org/10.1016/j.jg...
- 𝐉𝐮𝐦𝐩𝐢𝐧𝐠 𝐭𝐡𝐞 𝐪𝐮𝐞𝐮𝐞 Public-sector hiring: where connections beat CVs 🤝📄. Turns out, nepotism can lower unemployment by shortening queues for cushy jobs—but meritocracy is definitely side-lined. The problem is not nepotism, it is those cushy jobs. 🏢📉 #PublicEmployment #Nepotism doi.org/10.1016/j.re...
- 𝐇𝐨𝐰 𝐢𝐦𝐩𝐨𝐫𝐭𝐚𝐧𝐭 𝐚𝐫𝐞 𝐰𝐨𝐫𝐤𝐞𝐫 𝐠𝐫𝐨𝐬𝐬 𝐟𝐥𝐨𝐰𝐬 𝐛𝐞𝐭𝐰𝐞𝐞𝐧 𝐩𝐮𝐛𝐥𝐢𝐜 𝐚𝐧𝐝 𝐩𝐫𝐢𝐯𝐚𝐭𝐞 𝐬𝐞𝐜𝐭𝐨𝐫? Job-to-job flows between public and private sectors are rare, like unicorns 🦄. Most public hires come from non-employment. Queues for public-sector jobs are real—and inefficient. 🏢🔄 #PublicEmployment doi.org/10.1016/j.ec...
- 𝐋𝐚𝐛𝐨𝐮𝐫 𝐦𝐚𝐫𝐤𝐞𝐭 𝐟𝐥𝐨𝐰𝐬: 𝐚𝐜𝐜𝐨𝐮𝐧𝐭𝐢𝐧𝐠 𝐟𝐨𝐫 𝐭𝐡𝐞 𝐩𝐮𝐛𝐥𝐢𝐜 𝐬𝐞𝐜𝐭𝐨𝐫 Public-sector jobs: safer than a seatbelt! 🚗 Workers would forgo up to 2.9% of their wages for that sweet job security, proving stability is the ultimate work perk.⚖️ #LabourMarket #PublicEmployment #Economics #JobSecurity doi.org/10.1016/j.la...
- 𝐋𝐢𝐭𝐞𝐫𝐚𝐜𝐲 𝐚𝐧𝐝 𝐩𝐫𝐢𝐦𝐚𝐫𝐲 𝐬𝐜𝐡𝐨𝐨𝐥 𝐞𝐱𝐩𝐚𝐧𝐬𝐢𝐨𝐧 𝐢𝐧 𝐏𝐨𝐫𝐭𝐮𝐠𝐚𝐥: 𝟏𝟗𝟒𝟎-𝟔𝟐 Portugal’s 1940s school-building spree: 80% of new enrolments, 13% literacy growth, and a nation catching up—one classroom at a time. Who knew bricks and books could be so powerful?📚 #EducationMatters #EconomicHistory doi.org/10.1017/S021...
- 𝐇𝐞𝐭𝐞𝐫𝐨𝐠𝐞𝐧𝐞𝐢𝐭𝐲 𝐚𝐧𝐝 𝐭𝐡𝐞 𝐩𝐮𝐛𝐥𝐢𝐜 𝐬𝐞𝐜𝐭𝐨𝐫 𝐰𝐚𝐠𝐞 𝐩𝐨𝐥𝐢𝐜𝐲 Public sector wages: pay too much, and everyone queues like it's a concert 🎟️. Pay too little, and skilled workers vanish like Wi-Fi on a train 🚄. Balance is everything! ⚖️ #Economics #PublicEmployment #PublicWages #LabourMarket doi.org/10.1111/iere...
- 𝐄𝐯𝐚𝐥𝐮𝐚𝐭𝐢𝐧𝐠 𝟑 𝐝𝐞𝐜𝐚𝐝𝐞𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐄𝐮𝐫𝐨𝐩𝐞𝐚𝐧 𝐂𝐚𝐩𝐢𝐭𝐚𝐥 𝐨𝐟 𝐂𝐮𝐥𝐭𝐮𝐫𝐞 The European Capital of Culture boosts GDP by 4.5%—turns out arts and culture aren't just for the heart, they're for the wallet too! 🎭💰 Hosting cities: proving that creativity is a solid investment. #CulturalEconomics doi.org/10.1007/s108...
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- 𝐇𝐮𝐦𝐚𝐧 𝐜𝐚𝐩𝐢𝐭𝐚𝐥 𝐚𝐧𝐝 𝐭𝐡𝐞 𝐬𝐢𝐳𝐞 𝐝𝐢𝐬𝐭𝐫𝐢𝐛𝐮𝐭𝐢𝐨𝐧 𝐨𝐟 𝐟𝐢𝐫𝐦𝐬 Secondary education: the real MVP of firm size. More high school grads = bigger, more productive businesses. Turns out, diplomas don't just change lives—they scale companies too! 🎓 #Economics #HumanCapital #FirmSize doi.org/10.1016/j.re...
- 𝐔𝐧𝐨𝐛𝐬𝐞𝐫𝐯𝐞𝐝 𝐇𝐞𝐭𝐞𝐫𝐨𝐠𝐞𝐧𝐞𝐢𝐭𝐲, 𝐄𝐱𝐢𝐭 𝐑𝐚𝐭𝐞𝐬 𝐚𝐧𝐝 𝐑𝐞-𝐞𝐦𝐩𝐥𝐨𝐲𝐦𝐞𝐧𝐭 𝐖𝐚𝐠𝐞𝐬 Unemployment duration: skilled workers get the fast lane 🛣️, unskilled face roadblocks 🚧. Firms even ‘over-invest’ in fancy tools to keep the queues exclusive. Productivity meets luxury hiring! #LabourMarket #Wages doi.org/10.1111/sjoe...
- 𝐈𝐧 𝐬𝐞𝐚𝐫𝐜𝐡 𝐨𝐟 𝐭𝐡𝐞 𝐝𝐞𝐭𝐞𝐫𝐦𝐢𝐧𝐚𝐧𝐭𝐬 𝐨𝐟 𝐢𝐧𝐭𝐞𝐫𝐧𝐚𝐭𝐢𝐨𝐧𝐚𝐥 𝐚𝐬𝐬𝐞𝐭 𝐦𝐚𝐫𝐤𝐞𝐭 𝐜𝐨𝐦𝐨𝐯𝐞𝐦𝐞𝐧𝐭𝐬 Google Trends predicts European market moves better than some economists! Turns out, search terms like 'fiscal policy' and 'jobs' know more about stocks and bonds than we thought. 📈 #Economics #BigData dx.doi.org/10.1016/j.ir...
- Labour market transition rates: monthly surveys say one thing, quarterly surveys say another. Even with adjustments, they’re like two clocks set to different times—both ticking, but not necessarily in sync! ⏰📊 #LabourEconomics #LabourMarketFlows #Surveys izajole.springeropen.com/articles/10....
- 𝐎𝐩𝐭𝐢𝐦𝐚𝐥 𝐏𝐮𝐛𝐥𝐢𝐜 𝐒𝐞𝐜𝐭𝐨𝐫 𝐖𝐚𝐠𝐞𝐬 Public sector wages: set them too high, and the unemployed queue like it's Black Friday. Too low, and no one shows up. Finding the sweet spot? A job for economists, not shoppers. 🛍️📊 #PublicEmployment #LabourMarket #Economics" 1/2 doi-org.lse.idm.oclc.org/10.1111/ecoj...
- Public and private sector wages are in a tight relationship. They can't quit each other, but their fights always spill over (like 1% public wage hikes causing 0.3% private push)! 📈💰 With @theiiiman.bsky.social #PublicWages #Economics #LabourMarket #FiscalPolicy dx.doi.org/10.1016/j.jm...
- Labour market flows: Facts from the United Kingdom UK labor market flows: workers bounce between jobs, unemployment, and inactivity like a pinball machine 🎰. Recessions speed up the game: job-loss rates up, job-finding rates down. 🎯📊 #LabourEconomics #UKJobs www.sciencedirect.com/science/arti...
- Does market volatility stress you out? This paper says upgrades don't calm anyone, but downgrades sure bring the drama! 📉🔥 Who knew sovereign credit ratings could be such market movers? With @theiiiman.bsky.social #SovereignDebtRatings #Economics www.sciencedirect.com/science/arti...
- Sovereign credit ratings move markets! Downgrades shock bond yields and spreads, especially in crisis times, and spill over between countries. With @theiiiman.bsky.social. Perhaps a lesson for France? #SovereignDebtRatings #FinancialMarkets www.sciencedirect.com/science/arti...
- Sovereign debt ratings are like school grades for countries: debt up, ratings down. With @theiiiman.bsky.social we show fiscal imbalances spook rating agencies, but Greece, Portugal, and Ireland deserved better grades. Rating drama: who's biased, and who's fair? #Econ www.cairn.info/revue-econom...
- Sovereign debt ratings decoded: GDP, fiscal balance, and government effectiveness shape the grades. Quick fixes help short-term, but lasting reforms secure the top spots. It's all about balancing the books and building trust! With @theiiiman.bsky.social&Philipp Rother, 2011. doi.org/10.1002/ijfe...
- Predicting sovereign ratings is like playing darts in the dark: 95% hit near the target, but random effects ordered probit nails it! 🎯 Fancy math meets fiscal drama. With @theiiiman.bsky.social and Philipp Rother, 2009. #Economics #SovereingDebtRatings #RatingAgencies doi.org/10.1080/1350...
- Reposted by Pedro GomesForthcoming article by Thomas Brzustowski and Francesco Caselli "Economic Growth in a Cooperative Economy" @eeanews.bsky.social doi.org/10.1093/jeea...
- Tomorrow, 19Nov, I'll present an overview of my work on the #4dayweek at the Jobs, Growth and Structural Reforms Seminar, online at the #IMF. I'll cover the (micro) arguments for the management practice based on a trial with 41 companies in Portugal, and the (macro) arguments for public policy.
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- Reposted by Pedro GomesI have compiled a very imperfect preliminary list of monetary/macro people I’ve found so far on this site. If you are active in the field, feel free to DM and I’ll add you! go.bsky.app/DS8T3ug
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