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The Impact of Social Security and Other Factors on the Distribution of Wealth.

Gokhale, J.; Kotlikoff, L.J. - London School of Economics (LSE) - 1999

Auerbach et al. (1995), document the dramatic postwar increase in the annuitization of the resources of America's elderly. Gokhale et al. (1996) suggest that greater annuitization may explain the significant postwar rise in the consumption propensity of the elderly out of remaining lifetime...

Persistent link: https://www.econbiz.de/10005625933

Inclusion or insurance? National insurance and the future of the contributory principle

Hills, John - London School of Economics (LSE) - 2003

future development of state pensions, arguing that their combined effect is to restore something like a flat rate state … contribution records. This leaves a choice for the remaining sixth of National Insurance benefits: to separate out state pensions …

Persistent link: https://www.econbiz.de/10011125997

From Beveridge to Turner: demography, distribution and the future of pensions in the UK

Hills, John - London School of Economics (LSE) - 2006

This article outlines the recommendations of the UK Pensions Commission, and the data and analysis on which they were … system. The Commission concluded that without reform, structural problems with UK pensions would lead to increasingly … Savings Scheme, into which employees without good employer provision would automatically be enrolled. The proposals, which …

Persistent link: https://www.econbiz.de/10011126324

Concentration, agglomeration and the size of plants

Lafourcade, Miren; Mion, Giordano - London School of Economics (LSE) - 2007

This paper investigates whether the geographic distribution of manufacturing activities depends on the size of plants. Using Italian data, we find, as in Kim [Kim, S., 1995. Expansion of markets and the geographic concentration of economic activities: the trends in U.S. regional manufacturing...

Persistent link: https://www.econbiz.de/10010884497

Comparing willingness-to-pay and subjective well-being in the context of non-market goods

Dolan, Paul; Metcalf, Robert - London School of Economics (LSE) - 2008

In order to value non-market goods, economists estimate individuals’ willingness to pay (WTP) for these goods using revealed or stated preference methods. We compare these conventional approaches with subjective well-being (SWB), which is based on individuals’ ratings of their happiness or...

Persistent link: https://www.econbiz.de/10010884533

Does competition improve public hospitals’ efficiency?: evidence from a quasi-experiment in the English National Health Service

Cooper, Zack; Gibbons, Stephen; Jones, Simon; McGuire, … - London School of Economics (LSE) - 2012

This paper uses a difference-in-difference style estimation strategy to test separately the impact of competition from public sector and private sector hospitals on the efficiency of public hospitals. Our identification strategy takes advantage of the phased introduction of a recent set of...

Persistent link: https://www.econbiz.de/10010884637

Efficient estimation of the semiparametric spatial autoregressive model

Robinson, Peter M. - London School of Economics (LSE) - 2007

Efficient semiparametric and parametric estimates are developed for a spatial autoregressive model, containing nonstochastic explanatory variables and innovations suspected to be non-normal. The main stress is on the case of distribution of unknown, nonparametric, form, where series...

Persistent link: https://www.econbiz.de/10010928599

Studentization in Edgworth expansions for estimates of semiparametric index models

Nishiyama, Y; Robinson, Peter - London School of Economics (LSE) - 1999

We establish valid theoretical and empirical Edgeworth expansions for density-weighted averaged derivative estimates of semiparametric index models.

Persistent link: https://www.econbiz.de/10010928726

Refinements in maximum likelihood inference on spatial autocorrelation in panel data

Robinson, Peter; Rossi, Francesca - London School of Economics (LSE) - 2015

In a panel data model with fixed effects, possible cross-sectional dependence is investigated in a spatial autoregressive setting. An Edgeworth expansion is developed for the maximum likelihood estimate of the spatial correlation coefficient. The expansion is used to develop more accurate...

Persistent link: https://www.econbiz.de/10011268329

Non-nested testing of spatial correlation

Delgado, Miguel A.; Robinson, Peter - London School of Economics (LSE) - 2015

We develop non-nested tests in a general spatial, spatio-temporal or panel data context. The spatial aspect can be interpreted quite generally, in either a geographical sense, or employing notions of economic distance, or when parametric modelling arises in part from a common factor or other...

Persistent link: https://www.econbiz.de/10011234813