Economic Policy 65

Top economists provide a concise and accessible evaluation of major developments in trade and trade policy. * Economic Policy has earned a reputation around the world as the one publication that always identifies current and emerging policy topics early * Papers are specially commissioned from first-class economists and experts in the policy field * The editors are all based at top European economic institutions and each paper is discussed by a panel of distinguished economists * This unique approach guarantees incisive debate and alternative interpretations of the evidence

Editors' Introduction

1. If you pay peanuts do you get monkeys? A cross-country analysis of teacher pay and pupil performance (Peter Dolton and Oscar D. Marcenaro-Gutierrez).

2. Ethnic identity and labour market outcomes of immigrants in Europe (Alberto Bisin, Eleonora Patacchini, Thierry Verdier and Yves Zenou).

3. Who needs credit and who gets credit in Eastern Europe? (Martin Brown, Steven Ongena, Alexander Popov and Pinar Yesin).