Pudney, Stephen; Hernandez, Monica; Hancock, Ruth - In: Journal of Applied Econometrics 22 (2007) 3, pp. 581-598
We estimate parametric and semi-parametric binary choice models of benefit take-up by British pensioners and use a revealed preference argument to infer the cash-equivalent value of disutility arising from stigma or complexity of the claims process. These implicit costs turn out to be relatively...