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The effect of the financial crisis on older households in England

Banks, James; Crawford, Rowena; Crossley, Thomas; … - Institute for Fiscal Studies (IFS) - 2012

estimate the effect of wealth shocks on household consumption and individual expectations of the future. Many household … experienced a significant wealth shocks, but these shocks led to modest spending effects and small revisions to expectations … regarding future bequests. Expectations of bequests seem particularly tied to housing wealth. …

Persistent link: https://www.econbiz.de/10011152732

Demographics in demand systems

Blow, Laura - Institute for Fiscal Studies (IFS) - 2003

Household composition can be expected to affect the allocation of household expenditure among goods, at the very least because of economies of scale as household size increases and because different people have different needs (adults versus children, for example). Specifying demographic effects...

Persistent link: https://www.econbiz.de/10005811425

Heterogeneity in time preference in older households

Bozio, Antoine; Laroque, Guy; O'Dea, Cormac - Institute for Fiscal Studies (IFS) - 2013

This paper suggests a method for estimating the distribution of discount rates using panel data on income and wealth …

Persistent link: https://www.econbiz.de/10010606861

Saving on a rainy day, borrowing for a rainy day

Alan, Sule; Crossley, Thomas; Low, Hamish - Institute for Fiscal Studies (IFS) - 2012

The aim of this paper is to understand what a recession means for individual consumers, and to model in a life-cycle framework how individuals respond to recessions. Our focus is on the sharp increase in savings rates that have been observed in the current and recent recessions. We show...

Persistent link: https://www.econbiz.de/10010827626

How much do lifetime earnings explain retirement resources?

Bozio, Antoine; Emmerson, Carl; Tetlow, Gemma - Institute for Fiscal Studies (IFS) - 2011

these relate to financial resources in retirement. Retirement income and wealth at retirement is, as expected, positively … correlated with lifetime earnings but there is also substantial dispersion in retirement income and retirement wealth among …

Persistent link: https://www.econbiz.de/10009021585

How might in-home scanner technology be used in budget surveys?

Leicester, Andrew - Institute for Fiscal Studies (IFS) - 2012

<p>This paper considers what role in-home barcode scanner data could play in collecting household expenditure information as part of national budget surveys. One role is as a source of validation. We make detailed micro-level comparisons of food and drink expenditures in two British datasets: the...</p>

Persistent link: https://www.econbiz.de/10009651938

Goods versus characteristics: dimension reduction and revealed preference

Polisson, Matthew - Institute for Fiscal Studies (IFS) - 2012

<p>This paper compares the goods and characteristics models of the consumer within a non-parametric revealed preference framework. Of primary interest is to make a comparison on the basis of predictive success that takes into account dimension reduction. This allows us to nonparametrically identify...</p>

Persistent link: https://www.econbiz.de/10009651939

Anti-smoking policies and smoker well-being: evidence from Britain.

Leicester, Andrew; Levell, Peter - Institute for Fiscal Studies (IFS) - 2013

Anti-smoking policies can in theory make smokers better off, by helping smokers with time-inconsistent preferences commit to giving up or reducing the amount they smoke. We use almost 20 years of British individual-level panel data to explore the impact on self-reported psychological well-being...

Persistent link: https://www.econbiz.de/10010671452

People or places? Factors associated with the presence of domestic energy efficiency measures in England.

Leicester, Andrew; Stoye, George - Institute for Fiscal Studies (IFS) - 2013

We use English household-level survey data from 1996 to 2010 to explore whether economic market failures play a significant role in explaining the presence of energy efficiency measures (loft insulation, cavity wall insulation and full double glazing) in residential properties. There appears to...

Persistent link: https://www.econbiz.de/10010671453

Measurement errors in recall food consumption data

Ahmed, Naeem; Brzozowski, Matthew; Crossley, Thomas - Institute for Fiscal Studies (IFS) - 2006

Recall food consumption data, which is the basis of a great deal of empirical work, is believed to suffer from considerable measurement error. Diary records are believed to be very accurate. We study a unique data set that collects recall and diary data from the same households. Measurement...

Persistent link: https://www.econbiz.de/10005811379