Richard Blundell
Datos Biográficos
| ID | 3604756 |
|---|---|
| NOMBRE | Richard Blundell |
| NOMBRES | Richard |
| APELLIDO | Blundell |
| FIRMA | BLUNDELL R |
| AFILIACIONES | Institute for Fiscal Studies |
| ORCID | 0000-0003-1588-2299 |
| VERIFICADO | Sí |
| TOTAL DE OBRAS | 66 |
| TOTAL DE CITAS | 283 |
| TOTAL COMO AUTOR | 66 |
| TOTAL COMO EDITOR | 0 |
| PRIMER AÑO DE PUBLICACIÓN | 1948 |
| AÑO MÁS RECIENTE DE PUBLICACIÓN | 2025 |
| ÍNDICE H | 10 |
Interpreting Cohort Profiles of Life Cycle Earnings Volatility
We present new estimates of earnings volatility over time and the life cycle for men and women by race and human capital, using Social Security earnings linked to the Current Population Survey. From the late 1970s to the mid-1990s, there is a strong negative trend in earnings volatility driven by a decline in transitory variance. From the mid-1990s, there is relative stability in trends of male earnings volatility due to an increase in the varian…
Affirmation, Friendship, and Volunteerism
Introduction Lesbian, gay, bisexual, trans, queer or asexual (LGBTQA+) young people are at heightened risk of suicidality and psychological distress. Interventions in various forms are required to address this issue, which should be informed by the strengths, capacity and insight of LGBTQA+ young people. Methods An online survey was promoted to LGBTQA+ young people (aged 14–21) via targeted social media advertising and community organisation diss…
Social Skills and the Individual Wage Growth of Less Educated Workers
Estimation of a Heterogeneous Demand Function with Berkson Errors
Berkson errors are commonplace in empirical microeconomics. In consumer demand, this form of measurement error occurs when the price an individual pays is measured by the (weighted) average price paid by individuals in a group (e.g., a county) rather than the true transaction price. We show the importance of Berkson errors for demand estimation with nonseparable unobserved heterogeneity. We develop a consistent estimator using external informatio…
Inequality, Redistribution and Wage Progression
Changes in the structure of work and families over the last four decades have increased many labour market inequalities. Growing earnings inequality, adverse labour market ‘shocks’ for the low‐educated, and geographically concentrated pockets of deprivation are among the most evident of these in Britain. The decade since the financial crisis has brought these inequalities into sharper focus, and the Covid‐19 pandemic has further exacerbated labou…
Wages, Experience, and Training of Women over the Life Cycle
We investigate the role of training in reducing the gender wage gap using the British Household Panel Survey. On the basis of a life-cycle model and using tax and welfare benefit reforms as a source of exogenous variation, we evaluate the role of formal training and experience in defining the evolution of wages and employment careers, conditional on education. Training is potentially important in compensating for the effects of children, especial…
Covid‐19 and Inequalities
This paper brings together evidence from various data sources and the most recent studies to describe what we know so far about the impacts of the COVID‐19 crisis on inequalities across several key domains of life, including employment and ability to earn, family life and health. We show how these new fissures interact with existing inequalities along various key dimensions, including socio‐economic status, education, age, gender, ethnicity and g…
The Innovation Premium to Soft Skills in Low-Skilled Occupations
Children, Time Allocation, and Consumption Insurance
We study choices of households deciding on consumption and allocation of spouses' time to work, leisure, and child care. With uncertainty, the allocation of goods and time over the life cycle also serves the purpose of smoothing marginal utility in response to shocks. Combining data on consumption, wages, hours of work, and time spent with children, we compute the sensitivity of consumption and time allocation to transitory and permanent wage sho…
Nonparametric Estimation of a Nonseparable Demand Function under the Slutsky Inequality Restriction
We present a method for consistent nonparametric estimation of a demand function with nonseparable unobserved taste heterogeneity subject to the shape restriction implied by the Slutsky inequality. We use the method to estimate gasoline demand in the United States. The results reveal differences in behavior between heavy and moderate gasoline users. They also reveal variation in the responsiveness of demand to plausible changes in prices across t…
Labour supply and taxation with restricted choices
A model of labour supply is developed in which individuals face restrictions on hours choices. Observed hours reflect both the distribution of preferences and the distribution of offers. In this framework the choice set is limited and observed hours may not satisfy the revealed preference conditions for 'rational' choice. We show first that when the offer distribution is known, preferences can be identified. We then show that, where preferences a…
Two Decades of Income Inequality in Britain
We study earnings and income inequality in Britain over the past two decades, including the period of relatively ‘inclusive’ growth from 1997 to 2004, and the Great Recession. We focus on the middle 90%, where trends have contrasted strongly with the ‘new inequality’ at the very top. Household earnings inequality has risen, driven by male earnings—although a ‘catch‐up’ of female earnings did hold down individual earnings inequality and reduce wit…
Consumption Inequality and Family Labor Supply
We examine the link between wage and consumption inequality using a life-cycle model incorporating consumption and family labor supply decisions. We derive analytical expressions for the dynamics of consumption, hours, and earnings of two earners in the presence of correlated wage shocks, nonseparability, progressive taxation, and asset accumulation. The model is estimated using panel data for hours, earnings, assets, and consumption. We focus on…
Coase Lecture—Human Capital, Inequality and Tax Reform
Even before the financial crisis, many developed economies were facing growing inequality and struggling to maintain employment and earnings. This paper addresses two key questions. What has happened to inequality? Where will tax and welfare reforms have most impact? The UK is used as a running example. The analysis suggests that the pattern of sluggish real wages at the bottom looks set to continue, and longer‐term earnings growth will come main…
Innovation and Top Income Inequality
Innovation and Top Income Inequality
In this article, we use cross-state panel and cross-U.S. commuting-zone data to look at the relationship between innovation, top income inequality and social mobility. We find positive correlations between measures of innovation and top income inequality. We also show that the correlations between innovation and broad measures of inequality are not significant. Next, using instrumental variable analysis, we argue that these correlations at least …
Disability Benefit Receipt and Reform
The UK has enacted a number of reforms to the structure of disability benefits that has made it a major case study for other countries thinking of reform. The introduction of Incapacity Benefit in 1995 coincided with a strong decline in disability benefit expenditure, reversing previous sharp increases. From 2008 the replacement of Incapacity Benefit with Employment and Support Allowance was intended to reduce spending further. We bring together …
What Can Wages and Employment Tell Us about the UK's Productivity Puzzle
As in many European countries, labour productivity in the UK has been stagnant since the start of the Great Recession. This article uses individual data on employment and wages to try to understand whether real wage flexibility can help shed light on the UK's productivity puzzle. It finds, perhaps unsurprisingly, that workforce composition cannot explain the reduction in wages and hence productivity that we observe, even compared to previous rece…
Income Dynamics and Life-cycle Inequality
This study focuses on the transmission of inequality over the working life. A model of constrained intertemporal choice is used to provide structure to the distributional dynamics of wages, earnings, income and consumption. The mechanisms used to insure labour market shocks are examined in a partial‐insurance setting where the manner and scope for insurance depends on the access to credit, the information available to consumers and the durability…
Econometrics and Economic Theory in the 20th Century
Housing Mobility and Downsizing at Older Ages in Britain and the USA
This paper examines geographic mobility and housing downsizing at older ages in Britain and the USA. Americans downsize housing much more than the British largely because Americans are much more mobile. The principal reasons for greater mobility among older Americans are twofold: (1) greater spatial distribution of geographic distribution of amenities (such as warm weather) and housing costs; (2) greater institutional rigidities in subsidized Bri…
Alternative Approaches to Evaluation in Empirical Microeconomics
This paper reviews a range of the most popular policy evaluation methods in empirical microeconomics: social experiments, natural experiments, matching methods, instrumental variables, discontinuity design and control functions. It discusses the identification of both the traditionally used average parameters and more complex distributional parameters. In each case, the necessary assumptions and the data requirements are considered. The adequacy …
The Effects of Entry on Incumbent Innovation and Productivity
How does firm entry affect innovation incentives in incumbent firms? Microdata suggest that there is heterogeneity across industries. Specifically, incumbent productivity growth and patenting is positively correlated with lagged greenfield foreign firm entry in technologically advanced industries, but not in laggard industries. In this paper we provide evidence that these correlations arise from a causal effect predicted by Schumpeterian growth t…
Why Is Consumption More Log Normal than Income? Gibrat’s Law Revisited
Significant departures from log normality are observed in income data, in violation of Gibrat's law. We show empirically that the distribution of consumption expenditures across households is, within cohorts, closer to log normal than the distribution of income. We explain this empirical result by showing that the logic of Gibrat's law applies not to total income, but to permanent income and to marginal utility. (c) 2009 by The University of Chic…
Optimal Income Taxation of Lone Mothers
Optimal tax rules are used to evaluate the optimality of taxation for lone mothers in Germany and Britain. The theoretical model is combined with elasticities derived from the structural estimation of lone mothers' labour supply. For both countries we do not find that in-work credits with marginal tax rates are optimal. However we show that when the government has a low taste for redistribution, out-of-work transfers and transfer for the working …
Collective Labor Supply with Children
We extend the collective model of household behavior to allow for the existence of public consumption. We show how this model allows the analysis of welfare consequences of policies aimed at changing the distribution of power within the household. Our setting provides a conceptual framework for addressing issues linked to the "targeting" of specific benefits or taxes. We also show that the observation of the labor supplies and the household deman…
The Returns to Higher Education in Britain
We use British birth cohort panel data to examine the impact that degree level qualifications and other higher education qualifications have on the earnings of individuals in the medium to longer term. We compare the outcomes of these individuals with those of individuals who had the prospect of undertaking Higher Education but chose not to. Our approach involves 'matching' these individuals according to observed characteristics which we have in …
Consumer Behaviour
Journal Article Consumer Behaviour: Theory and Empirical Evidence—A Survey Get access Richard Blundell Richard Blundell University College, London and Institute for Fiscal Studies I am grateful to Gordon Anderson, Paul Baker, Vanessa Fry, Costas Meghir, John Micklewright, Panos Pashardes, Ranjan Ray, Richard Smith, Ian Walker and Guglielmo Weber for allowing me to draw on jointly authored material and for their comments on this work. Additional c…
Dynamic Count Data Models of Technological Innovation
This paper examines the application of count data models to firm level panel data on technological innovations. The model we propose exhibits dynamic feedback and unobserved heterogeneity. We develop a fixed effects estimator that generalises the standard Poisson and negative binomial models allowing for dynamic feedback through both the firm's stock of knowledge and its product market power. By using the long pre-sample history of innovation inf…
What Can Wages and Employment Tell Us about the UK's Productivity Puzzle
As in many European countries, labour productivity in the UK has been stagnant since the start of the Great Recession. This article uses individual data on employment and wages to try to understand whether real wage flexibility can help shed light on the UK's productivity puzzle. It finds, perhaps unsurprisingly, that workforce composition cannot explain the reduction in wages and hence productivity that we observe, even compared to previous rece…
Modelling the Take-up of Means-Tested Benefits
Journal Article Modelling the Take-up of Means-Tested Benefits: The Case of Housing Benefits in the United Kingdom Get access Richard Blundell, Richard Blundell University College London and the Institute for Fiscal Studies Search for other works by this author on: Oxford Academic Google Scholar Vanessa Fry, Vanessa Fry Essex University and the Institute for Fiscal Studies Search for other works by this author on: Oxford Academic Google Scholar I…
Modelling the Joint Determination of Household Labour Supplies and Commodity Demands
Journal Article Modelling the Joint Determination of Household Labour Supplies and Commodity Demands Get access Richard Blundell, Richard Blundell University of Manchester Search for other works by this author on: Oxford Academic Google Scholar Ian Walker Ian Walker University of Manchester Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal, Volume 92, Issue 366, 1 June 1982, Pages 351–364, https://doi.o…
Modelling Household Energy Expenditures Using Micro-Data
Journal Article Modelling Household Energy Expenditures Using Micro-Data Get access Paul Baker, Paul Baker Institute of Fiscal Studies Search for other works by this author on: Oxford Academic Google Scholar Richard Blundell, Richard Blundell University College London Search for other works by this author on: Oxford Academic Google Scholar John Micklewright John Micklewright Queen Mary College Search for other works by this author on: Oxford Acad…
Unemployment and Female Labour Supply
Journal Article Unemployment and Female Labour Supply Get access Richard Blundell, Richard Blundell University College, London Search for other works by this author on: Oxford Academic Google Scholar John Ham, John Ham University of Toronto Search for other works by this author on: Oxford Academic Google Scholar Costas Meghir Costas Meghir University College, London Search for other works by this author on: Oxford Academic Google Scholar The Econ…
Housing Mobility and Downsizing at Older Ages in Britain and the USA
This paper examines geographic mobility and housing downsizing at older ages in Britain and the USA. Americans downsize housing much more than the British largely because Americans are much more mobile. The principal reasons for greater mobility among older Americans are twofold: (1) greater spatial distribution of geographic distribution of amenities (such as warm weather) and housing costs; (2) greater institutional rigidities in subsidized Bri…
Why Is Consumption More Log Normal than Income? Gibrat’s Law Revisited
Significant departures from log normality are observed in income data, in violation of Gibrat's law. We show empirically that the distribution of consumption expenditures across households is, within cohorts, closer to log normal than the distribution of income. We explain this empirical result by showing that the logic of Gibrat's law applies not to total income, but to permanent income and to marginal utility. (c) 2009 by The University of Chic…
Income Dynamics and Life-cycle Inequality
This study focuses on the transmission of inequality over the working life. A model of constrained intertemporal choice is used to provide structure to the distributional dynamics of wages, earnings, income and consumption. The mechanisms used to insure labour market shocks are examined in a partial‐insurance setting where the manner and scope for insurance depends on the access to credit, the information available to consumers and the durability…
Tax Reform and Welfare Measurement
The exact measurement of the welfare costs of tax and price reform requires a detailed knowledge of individual preferences. Typically, first order approximations of welfare costs are calculated avoiding detailed knowledge of substitution effects. We drive second order approximations which, unlike first order approximations, require knowledge of the distribution of substitution elasticities. This paper asks to what extent simple approximations can…
Unemployment, Search and Labour Supply
Journal Article Unemployment, Search and Labour Supply Get access Unemployment, Search and Labour Supply. Edited by RICHARD BLUNDELL and IAN WALKER. (Cambridge: Cambridge University Press, 1986. Pp. xi + 339. à £27.50 hardback.) Robert McNabb Robert McNabb University College, Cardiff Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal, Volume 97, Issue 385, 1 March 1987, Pages 259–261, https://doi.org/10.…
Disability Benefit Receipt and Reform
The UK has enacted a number of reforms to the structure of disability benefits that has made it a major case study for other countries thinking of reform. The introduction of Incapacity Benefit in 1995 coincided with a strong decline in disability benefit expenditure, reversing previous sharp increases. From 2008 the replacement of Incapacity Benefit with Employment and Support Allowance was intended to reduce spending further. We bring together …
Optimal Income Taxation of Lone Mothers
Optimal tax rules are used to evaluate the optimality of taxation for lone mothers in Germany and Britain. The theoretical model is combined with elasticities derived from the structural estimation of lone mothers' labour supply. For both countries we do not find that in-work credits with marginal tax rates are optimal. However we show that when the government has a low taste for redistribution, out-of-work transfers and transfer for the working …
Pension Incentives and the Pattern of Early Retirement
This mix of state and private pension provision in the United Kingdom provides a rare degree of variation in pension incentives for retirement. Using a sample of individuals from the UK Retirement Survey, the paper models the probability of retirement in terms of the incentives underlying the individual’s pension plan as well as other socio-economic factors. It follows an option value approach and allows a separate role for pension wealth, for sp…
Consumer Non-Durables in the U.K
Consumer Non-Durables in the U.K.: A Dynamic Demand System Get access Gordon Anderson, Gordon Anderson University of Southampton Search for other works by this author on: Oxford Academic Google Scholar Richard Blundell Richard Blundell University of Manchester Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal, Volume 94, Issue Supplement, 1 December 1984, Pages 35–44, https://doi.org/10.2307/2232653 Pub…
Two Decades of Income Inequality in Britain
We study earnings and income inequality in Britain over the past two decades, including the period of relatively ‘inclusive’ growth from 1997 to 2004, and the Great Recession. We focus on the middle 90%, where trends have contrasted strongly with the ‘new inequality’ at the very top. Household earnings inequality has risen, driven by male earnings—although a ‘catch‐up’ of female earnings did hold down individual earnings inequality and reduce wit…
From Earnings Inequality to Consumption Inequality
This paper studies the paths from inequality in earnings to inequality in household consumption. We show that careful study of the evolution of the variances and covariances of earnings and consumption within cohorts across time can identify permanent and transitory shocks. We present an application to the evolution of inequality in the United Kingdom. We extend previous results to recognise separate earnings of partners in couples
Testing for Linear Engel Curves and Additively Separable Preferences Using a New Flexible Demand System
Journal Article Testing for Linear Engel Curves and Additively Separable Preferences Using a New Flexible Demand System Get access Richard Blundell, Richard Blundell University of Manchester Search for other works by this author on: Oxford Academic Google Scholar Ranjan Ray Ranjan Ray University of Manchester Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal, Volume 94, Issue 376, 1 December 1984, Pages…
Affirmation, Friendship, and Volunteerism
Introduction Lesbian, gay, bisexual, trans, queer or asexual (LGBTQA+) young people are at heightened risk of suicidality and psychological distress. Interventions in various forms are required to address this issue, which should be informed by the strengths, capacity and insight of LGBTQA+ young people. Methods An online survey was promoted to LGBTQA+ young people (aged 14–21) via targeted social media advertising and community organisation diss…
Children, Time Allocation, and Consumption Insurance
We study choices of households deciding on consumption and allocation of spouses' time to work, leisure, and child care. With uncertainty, the allocation of goods and time over the life cycle also serves the purpose of smoothing marginal utility in response to shocks. Combining data on consumption, wages, hours of work, and time spent with children, we compute the sensitivity of consumption and time allocation to transitory and permanent wage sho…
Taxation in Empirical Labour Supply Models
Journal Article Taxation in Empirical Labour Supply Models: Lone Mothers in the UK Get access Richard Blundell, Richard Blundell University College, London and Institute for Fiscal Studies Search for other works by this author on: Oxford Academic Google Scholar Alan Duncan, Alan Duncan Institute for Fiscal Studies Search for other works by this author on: Oxford Academic Google Scholar Costas Meghir Costas Meghir University College, London and In…
A Household Production Specification of Demographic Variables in Demand Analysis
Journal Article A Household Production Specification of Demographic Variables in Demand Analysis Get access Richard Blundell, Richard Blundell University of Manchester Search for other works by this author on: Oxford Academic Google Scholar Ian Walker Ian Walker University of Manchester Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal, Volume 94, Issue Supplement, 1 December 1984, Pages 59–68, https://…
Russian Christianity To-day
There are at present two main parties among the Russian Orthodox emigrés. Some of them are in communion with the Patriarch of Moscow and accept his jurisdiction, while the rest stand aloof. The latter are suspicious of the apparently close connection between the Patriarch and the atheistic Soviet Government. The former are impelled by a sort of spiritual patriotism to give their allegiance to the Church of their homeland, no matter what its relat…
Modelling the Joint Determination of Household Labour Supplies and Commodity Demands
Journal Article Modelling the Joint Determination of Household Labour Supplies and Commodity Demands Get access Richard Blundell, Richard Blundell University of Manchester Search for other works by this author on: Oxford Academic Google Scholar Ian Walker Ian Walker University of Manchester Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal, Volume 92, Issue 366, 1 June 1982, Pages 351–364, https://doi.o…
A Household Production Specification of Demographic Variables in Demand Analysis
Journal Article A Household Production Specification of Demographic Variables in Demand Analysis Get access Richard Blundell, Richard Blundell University of Manchester Search for other works by this author on: Oxford Academic Google Scholar Ian Walker Ian Walker University of Manchester Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal, Volume 94, Issue Supplement, 1 December 1984, Pages 59–68, https://…
Testing for Linear Engel Curves and Additively Separable Preferences Using a New Flexible Demand System
Journal Article Testing for Linear Engel Curves and Additively Separable Preferences Using a New Flexible Demand System Get access Richard Blundell, Richard Blundell University of Manchester Search for other works by this author on: Oxford Academic Google Scholar Ranjan Ray Ranjan Ray University of Manchester Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal, Volume 94, Issue 376, 1 December 1984, Pages…
Consumer Non-Durables in the U.K
Consumer Non-Durables in the U.K.: A Dynamic Demand System Get access Gordon Anderson, Gordon Anderson University of Southampton Search for other works by this author on: Oxford Academic Google Scholar Richard Blundell Richard Blundell University of Manchester Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal, Volume 94, Issue Supplement, 1 December 1984, Pages 35–44, https://doi.org/10.2307/2232653 Pub…
An Exogeneity Test for a Simultaneous Equation Tobit Model with an Application to Labor Supply
A test of weak exogeneity in the simultaneous equation Tobit model is proposed and illustrated using a female labour supply model estimated using cross-section data. The test statistic can be simply output from any standard Tobit maximum likelihood package, and is asymptotically efficient. The procedure provides consistent estimators for the simultaneous Tobit model whose asymptotic covariance matrix is a simple extension of the usual Tobit formu…
Unemployment, Search and Labour Supply
Journal Article Unemployment, Search and Labour Supply Get access Unemployment, Search and Labour Supply. Edited by RICHARD BLUNDELL and IAN WALKER. (Cambridge: Cambridge University Press, 1986. Pp. xi + 339. à £27.50 hardback.) Robert McNabb Robert McNabb University College, Cardiff Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal, Volume 97, Issue 385, 1 March 1987, Pages 259–261, https://doi.org/10.…
Model Reliability
Journal Article Model Reliability Get access Model Reliability. Edited by DAVID A. BELSLEY and EDWIN KUH. (Cambridge, Massachusetts & London: The MIT Press, 1986. Pp. xiii + 244. à £29.95 hardback.) Richard Blundell Richard Blundell University College London, and Institute for Fiscal Studies Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal, Volume 97, Issue 385, 1 March 1987, Pages 236–239, https://doi…
Unemployment and Female Labour Supply
Journal Article Unemployment and Female Labour Supply Get access Richard Blundell, Richard Blundell University College, London Search for other works by this author on: Oxford Academic Google Scholar John Ham, John Ham University of Toronto Search for other works by this author on: Oxford Academic Google Scholar Costas Meghir Costas Meghir University College, London Search for other works by this author on: Oxford Academic Google Scholar The Econ…
Consumer Behaviour
Journal Article Consumer Behaviour: Theory and Empirical Evidence—A Survey Get access Richard Blundell Richard Blundell University College, London and Institute for Fiscal Studies I am grateful to Gordon Anderson, Paul Baker, Vanessa Fry, Costas Meghir, John Micklewright, Panos Pashardes, Ranjan Ray, Richard Smith, Ian Walker and Guglielmo Weber for allowing me to draw on jointly authored material and for their comments on this work. Additional c…
Modelling the Take-up of Means-Tested Benefits
Journal Article Modelling the Take-up of Means-Tested Benefits: The Case of Housing Benefits in the United Kingdom Get access Richard Blundell, Richard Blundell University College London and the Institute for Fiscal Studies Search for other works by this author on: Oxford Academic Google Scholar Vanessa Fry, Vanessa Fry Essex University and the Institute for Fiscal Studies Search for other works by this author on: Oxford Academic Google Scholar I…
Unemployment, Search and Labour Supply
This book brings together recent work analysing the labour market behaviour of agents, particularly with regard to unemployment, job search, and labour supply. It considers the economic and demographic factors involved, and in particular the responsiveness of labour market behaviour to changes in these factors. There has been considerable recent progress in the design of appropriate econometric techniques and models with which to confront labour …
Modelling Household Energy Expenditures Using Micro-Data
Journal Article Modelling Household Energy Expenditures Using Micro-Data Get access Paul Baker, Paul Baker Institute of Fiscal Studies Search for other works by this author on: Oxford Academic Google Scholar Richard Blundell, Richard Blundell University College London Search for other works by this author on: Oxford Academic Google Scholar John Micklewright John Micklewright Queen Mary College Search for other works by this author on: Oxford Acad…
Household Microeconomic Simulation Models
Journal Article SPIT Get access Elizabeth Symons Elizabeth Symons Keek University Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal, Volume 101, Issue 406, 1 May 1991, Pages 659–672, https://doi.org/10.2307/2233582 Published: 01 May 1991
Taxation in Empirical Labour Supply Models
Journal Article Taxation in Empirical Labour Supply Models: Lone Mothers in the UK Get access Richard Blundell, Richard Blundell University College, London and Institute for Fiscal Studies Search for other works by this author on: Oxford Academic Google Scholar Alan Duncan, Alan Duncan Institute for Fiscal Studies Search for other works by this author on: Oxford Academic Google Scholar Costas Meghir Costas Meghir University College, London and In…
The Econometric Analysis of Transition Data
Journal Article The Econometric Analysis of Transition Data Get access The Econometric Analysis of Transition Data. By Tony Lancaster. (Cambridge and New York: Cambridge University Press, 1990. Pp. xii + 352. £27.50 hardback, US $27.50 hardback. ISBN 0 521 26596 7.) Richard Blundell Richard Blundell University College London Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal, Volume 102, Issue 410, 1 Jan…
Understanding Consumption
Dynamic Count Data Models of Technological Innovation
This paper examines the application of count data models to firm level panel data on technological innovations. The model we propose exhibits dynamic feedback and unobserved heterogeneity. We develop a fixed effects estimator that generalises the standard Poisson and negative binomial models allowing for dynamic feedback through both the firm's stock of knowledge and its product market power. By using the long pre-sample history of innovation inf…
Tax Reform and Welfare Measurement
The exact measurement of the welfare costs of tax and price reform requires a detailed knowledge of individual preferences. Typically, first order approximations of welfare costs are calculated avoiding detailed knowledge of substitution effects. We drive second order approximations which, unlike first order approximations, require knowledge of the distribution of substitution elasticities. This paper asks to what extent simple approximations can…
Savings and Labor-Market Transitions
A model is developed that allows for a layoff rate and a job-arrival rate in the intertemporal choice of consumption and labor-market state. The identification of such a model is established without recourse to dynamic programming solutions, and the minimum data requirements for estimation are derived. Unobserved heterogeneity is included in the model specification, but state dependence is only allowed through the layoff and arrival rates. These …
Quadratic Engel Curves and Consumer Demand
This paper presents a model of consumer demand that is consistent with the observed expenditure patterns of individual consumers in a long time series of expenditure surveys and is also able to provide a detailed welfare analysis of shifts in relative prices. A nonparametric analysis of consumer expenditure patterns suggests that Engel curves require quadratic terms in the logarithm of expenditure. While popular models of demand such as the Trans…
Initial conditions and moment restrictions in dynamic panel data models
Consumption Inequality and Income Uncertainty
This paper places the debate over using consumption or income in studies of inequality growth in a formal intertemporal setting. It highlights the importance of permanent and transitory income uncertainty in the evaluation of growth in consumption inequality. We derive conditions under which the growth of variances and covariances of income and consumption can be used to separately identify the growth in the variance of permanent and transitory i…
Estimating Labor Supply Responses Using Tax Reforms
Human Capital Investment
This paper provides a non‐technical review of the evidence on the returns to education and training for the individual, the firm and the economy at large. It begins by reviewing the empirical work that has attempted to estimate the true causal effect of education and training on individual earnings, focusing on the recent literature that has attempted to control for potential biases in the estimated returns to education and training. It then move…
Economics (62 obras) · Labour economics (29 obras) · Gender, Labor, and Family Dynamics (23 obras) · Econometrics (21 obras) · Sociology (19 obras) · Labor market dynamics and wage inequality (18 obras) · Computer Science (17 obras) · Fiscal Policy and Economic Growth (17 obras) · Mathematics (17 obras) · Demographic economics (15 obras)