Narrow search
Showing 1 - 10 of 98
Cover Image
The impact of wealth on consumption and retirement behaviour in the UK
Blake, David - London School of Economics (LSE) - 2002
Housing and pension wealth are shown to be important determinants of personal sector consumption and retirement … behaviour in the UK. Housing and state pension wealth have a positive effect on consumption, while private pension wealth … shown to be important. The consumption equation forecasts the late 1980s boom and the early 1990s slump in the UK better …
Persistent link: https://www.econbiz.de/10011071212
Cover Image
Inference for stochastic volatility models using time change transformations
Kalogeropoulos, Konstantinos; Roberts, Gareth O.; … - London School of Economics (LSE) - 2010
We address the problem of parameter estimation for diffusion driven stochastic volatility models through Markov chain Monte Carlo (MCMC). To avoid degeneracy issues we introduce an innovative reparametrisation defined through transformations that operate on the time scale of the diffusion. A...
Persistent link: https://www.econbiz.de/10010746298
Cover Image
Intergenerational mobility in Britain : revisiting the prediction approach of Dearden, Machin and Reed
Abul Naga, Ramses H.; Cowell, Frank - London School of Economics (LSE) - 2002
The prediction approach proposed by Dearden, Machin and Reed (DMR) consists in (1) regressing the observed incomes of the child and parent families on separate sets of predetermined variables, and (2) regressing the child’s predicted income on that of the parents. Conceptually, this estimator...
Persistent link: https://www.econbiz.de/10010745477
Cover Image
Assessing the protection provided by misclassification-based disclosure limitation methods for survey microdata
Shlomo, Natalie; Skinner, Chris J. - London School of Economics (LSE) - 2010
Government statistical agencies often apply statistical disclosure limitation techniques to survey microdata to protect the confidentiality of respondents. There is a need for valid and practical ways to assess the protection provided. This paper develops some simple methods for disclosure...
Persistent link: https://www.econbiz.de/10010746539
Cover Image
The use of accuracy indicators to correct for survey measurement error
Da Silva, Damião Nóbrega; Skinner, Chris J. - London School of Economics (LSE) - 2014
An accuracy indicator is an observed variable which is related to the size of measurement error. Basic and extended models are introduced to represent the properties of a binary accuracy indicator. Under specified assumptions, it is shown that an accuracy indicator can identify a measurement...
Persistent link: https://www.econbiz.de/10011126060
Cover Image
Consistent estimation of the risk-return tradeoff in the presence of measurement error
Ghosh, Anisha; Linton, Oliver - London School of Economics (LSE) - 2007
This paper proposes an approach to estimating the relation between risk (conditional variance) and expected returns in the aggregate stock market that allows us to escape some of the limitations of existing empirical analyses. First, we focus on a nonparametric volatility measure that is void of...
Persistent link: https://www.econbiz.de/10011071360
Cover Image
The Greek crisis in focus: austerity, recession and paths to recovery
Christodoulakis, Nicos; Leventi, Chrysa; Matsaganis, Manos - London School of Economics (LSE) - 2011
Persistent link: https://www.econbiz.de/10010884655
Cover Image
Productivity dispersion, competition and productivity measurement
Martin, Ralf - London School of Economics (LSE) - 2008
A startling fact of firm level productivity analysis is the large and persistent differences in both labour productivity and total factor productivity (TFP) between firms in narrowly defined sectoral classes. The competitiveness of an industry is potentially an important factor explaining this...
Persistent link: https://www.econbiz.de/10010745506
Cover Image
Productivity spreads, market power spreads and trade
Martin, Ralf - London School of Economics (LSE) - 2010
Much of recent Trade theory focuses on heterogeneity of firms and the differential impacttrade policy might have on firms with different levels of productivity. A common problem isthat most firm level dataset do not contain information on output prices of firms which makesit difficult to...
Persistent link: https://www.econbiz.de/10010745877
Cover Image
Mapping and measuring the distribution of household wealth: a cross-country analysis
Cowell, Frank; Karagiannaki, Eleni; McKnight, Abigail - London School of Economics (LSE) - 2012
In this paper we compare the level, composition and distribution of household wealth in five industrial countries: the UK, US, Italy, Finland and Sweden. We exploit the harmonized data within the Luxembourg Wealth Study, which we have extended to allow us to examine trends in the UK and the US...
Persistent link: https://www.econbiz.de/10010746528