This paper analyses the effects of different model specifications.

In this paper, we compare the empirical properties of closed- and open-economy DSGEmodels estimated on Euro area data. The comparison is made along several dimensions;we examine the models in terms of their marginal likelihoods, forecasting performance,variance decompositions, and their...

This paper proposes validation using simulation based indirect estimation. It uses typical characteristic moments of financial market data to assess the similarity of simulation outcomes.

[...]In part, this collection of papers derives from the impact of Subaltern Studies on approaches to the history of labour. While the contributions may not be located within ‘subalternism’, to differing degrees they reflect responses in the literature to that paradigm. At the very least,...

We examine whether unemployment early in an individual’scareer influences her later employment prospects. We use six yearsof the LFS to create pseudo-cohorts and exploit cross-cohortvariation in unemployment at school-leaving age to identify this.We find heterogeneous responses: for the...

‘Work-life balance’ generally refers to how people may combine paid employmentwith family responsibilities. The UK government’s attempts to promote work-lifebalance are connected to wider concerns to maximise labour-force participation andinclude policies on tax credits, child care and...

In this paper we empirically examine differences in search behavior between men andwomen. We assess hypotheses regarding duration of search, wages and tenure. Thehypotheses are derived from two models: the equilibrium search model with discriminatoryfirms by Black (1995) and an opportunity cost...

Our econometric research allows for a possible response of a person's hours worked tohours typically worked by members of a multidimensional labor market reference group thatconsiders demographics and geographic location...

This paper examines the effects of the Working Families´ Tax Credit (WFTC) on couples inBritain. We develop a simple model of household decisions which explicitly accounts for therole played by the tax and benefit system. Its main implications are then tested using paneldata from the British...

This paper extends previous research about the determinants of reservation wages byanalysing the effect of progressive income taxation on the ratio between reservation and netmarket wages...