We estimate a collective household model with survey data on financial satisfaction from the European Community Household Panel. Our estimates suggest that cohabitating individuals enjoy returns to scale in consumption that are towards the larger end of the range of estimates reported in the...

This report is the Users' Manual that accompanies PMEDS-D, the demographic component of a new Windows-based version of the MEDS (Models of the Economic-Demographic System) software. PMEDS-D is designed for projecting and/or simulating the population, labour force, and number of households for...

The federal government has implemented an earned income tax credit – what it has called the Working Income Tax Benefit – in the 2007 Budget. Edmund Phelps has argued that the earned income tax credit in the United States should be replaced with an employment subsidy. This paper assesses the...

The paper explores the effects of immigration on the rates of growth of the population and labour force and on the age distribution and dependency relations within the population. Projections are presented and the consequences of different future rates of immigration are investigated. Dependency...

Pension benefit guarantee policies have been introduced in several countries to protect private pension plan members from the loss of income that would occur if a plan was underfunded when the sponsoring firm terminates a plan. Most of these public insurance schemes face financial difficulty and...

To provide a strong motivation for students to learn multivariate statistics and the multivariate way of thinking, this paper uses an easily understandable example of ascertaining the effect of educational attainment on migration propensity in Japan. With cross-tabulations and a logistic model,...

A common assumption implicit in the literature on aggregation error in consumer demand theory is that micro relations are exact. Attention is thus focused solely on the errors introduced when one assumes that a micro relation holds at the macro level. We consider the Almost Ideal Demand System...

The paper explores the allocation of consumption expenditure by the older population among different categories of goods and services, and how expenditure patterns change with age within that population. Of particular interest is whether observed differences between pre- retirement and...

The aging of the population is expected to result in substantial increases in the costs of maintaining health care and pension programs, and that is a source of widespread concern. However, a proper assessment requires that attention be given to all categories of government expenditure,...

A problem common to many state-funded universities or university systems is how to maintain an inflow of young (and ceative) new faculty when student enrolment declines or government grants are reduced, and existing faculty are aging but subject to tenure protection. This paper considers the...