Over much of the past 25 years, house price and consumption growth have been closely synchronized. Three main hypotheses for this have been proposed: increases in house prices raise household wealth and so their consumption; house price growth reduces credit constraints by increasing the...

Until the late 1960s, state schooling in England and Wales was determined by an ability test of pupils at age 11 which had an effect on both the quantity and quality of education. By estimating the relationship between earnings and earlier schooling during a period when school areas changed from...

A recent reform to the UK unemployment insurance (UI) system has reduced the duration of entitlement from 12 to six months. The UI and welfare systems interact in the UK in such a way that exhaustion of UI for married individuals has potentially large disincentive effects on the labour supply of...