We make a methodological contribution to the latent class literature by re-examining censored variable analysis within a panel data context. Specifically, we extend the standard latent class tobit panel approach to include random effects, to allow for heteroskedasticity and to incorporate the...

We explore whether a protective role for savings against future financial hardship exists using household level panel data. We jointly model the incidence and extent of financial problems, as well as the likelihood of having secured debt and the amount of monthly secured debt repayments,...

Measures of mental wellbeing are heavily relied upon to identify at-risk individuals. However, self-reported mental health metrics might be unduly affected by mis-reporting (perhaps stemming from stigma effects). In this paper we consider this phenomenon using data from the British Household...