This study sets out the potential costs and benefits of a move to a licensed, taxed and regulated cannabis market in England and Wales. It identifies at least 17 sources of social cost/benefit and gives indicative estimates of annual net external benefit for 13 of them. We stress the important...

Using harmonized data for the years 1995-2001 from the European Community Household Panel, the authors analyze gender pay gaps by sector across the wage distribution in eleven countries. In estimations that control for the effects of individual characteristics at different points of the...

Recent studies have used quantile regression (QR) techniques to estimate the impact of education on the location, scale and shape of the conditional wage distribution. In our paper we investigate the degree to which work-related training ? another important form of human capital ? affects the...