[...]What might account for this link between parentalincome and children’s income? Many economists believethat this relationship is due in large part to differentialhuman-capital investment between high-income andlow-income families. High-income parents can invest inmore (and better)...

This paper describes a new and intuitive methodfor answering these technical questions by tabulating theexact loss distribution arising from correlated credit eventsfor any arbitrary portfolio of counterparty exposures, downto the individual contract level, with the losses measuredon a...

[...]This study is the first formal investigation ofconsumer attitudes that compares the forecasting power ofthe University of Michigan’s Index of Consumer Sentimentand the Conference Board’s Consumer Confidence Index.We begin with a background analysis of structural differencesbetween the...

[...]In this article, we shed light on the globalizationof international production and trade by demonstratingthe increasingly important role vertical specializationplays in international trade. We use case studies andinput-output tables to calculate the level and growth...

How best to widen university access - by abolishing fees, as the Tories suggest, or byenhancing student loans, as the government plans?[...]

The housing system is intrinsically linked to almost every major area of government policy fromthe economy and taxation to the environment and education. It is driven by a huge range offactors from the behaviour of individuals to global economic forces. It is also in most casesthe greatest asset...

The findings set out in this Report challenge the perception of low population support for rights overall - and the view that the public think rights are a “charter” for criminals and terrorists. They support the reasoning of the Joint Committee on Human Rights (JCHR) that economic and...

[...]The work of the National Equality Panel will underpin the response by all strategic publicauthorities to Clause One of the Equality Bill which places a new legal duty on key publicbodies to consider, in all the important decisions they make and all important actions theytake, how they can...