Showing 1 - 10 of 12
This Paper uses panel data on household consumption and income to evaluate the degree of insurance to income shocks. Our aim is to describe the transmission of income inequality into consumption inequality. Our framework nests the special cases of self-insurance and the complete markets...
Persistent link: https://www.econbiz.de/10005136501
Hostility towards minorities may sometimes have economic rather than racial motives. Labour market fears, or concerns about the welfare system, are often believed to manifest themselves in hostile attitudes towards population groups that are considered to be competitors for these resources. The...
Persistent link: https://www.econbiz.de/10005656173
The attitudes of ethnic majority populations towards other communities is a potentially important determinant of social exclusion and of the welfare of ethnic minorities. The suggestion that negative attitudes towards minorities may be affected by the ethnic composition of the locality in which...
Persistent link: https://www.econbiz.de/10005662087
We present identification and estimation results for the 'collective' model of labour supply in which there are discrete choices, censoring of hours and non-participation in employment. We derive the collective restrictions on labour supply functions and contrast them with restrictions implied...
Persistent link: https://www.econbiz.de/10005504396
The paper is concerned with the empirical modelling of domestic demand for energy in the United Kingdom at the level of the individual household (most previous British work has used aggregate time-series data). The paper develops a two-stage budgeting model of the household's demand for energy...
Persistent link: https://www.econbiz.de/10005497752
This Paper examines changes in the distribution of wages using bounds to allow for the impact of non-random selection into work. We show that bounds constructed without any economic or statistical assumptions can be informative. Since employment rates in the UK are often low they are not...
Persistent link: https://www.econbiz.de/10005497856
In this paper we examine the link between wage inequality and consumption inequality using a life cycle model that incorporates household consumption and family labor supply decisions. We derive analytical expressions based on approximations for the dynamics of consumption, hours, and earnings...
Persistent link: https://www.econbiz.de/10011084379
This Paper exploits area-based piloting and age-related eligibility rules to identify treatment effects of a labour market program – the New Deal for Young People in the UK. A central focus is on substitution/displacement effects and on equilibrium wage effects. The programme includes...
Persistent link: https://www.econbiz.de/10005067600
Although the standard neoclassical model of female labour supply behaviour usually allows for the impact of demographic changes on value of female time in the household, the complexities of the tax and benefit system, and the influence of saving and borrowing on current period decisions, it does...
Persistent link: https://www.econbiz.de/10005661949
Many of the recently developed alternative econometric approaches to the construction and estimation of life-cycle consistent models using individual data can be viewed as alternative choices for conditioning variables that summarise past decisions and future anticipations. By ingenious choice...
Persistent link: https://www.econbiz.de/10005791537