In this paper we present an econometric framework for modeling occupational choice that allows us to separately, and simultaneously, model supply-side and demand-side influences whilst allowing for potential ordering with regard to skill levels across occupations.

Evidence from US data suggests that increases in parental education significantly steepen the slope of male experience–earnings profiles during early career years, other things equal.

We examine the correlates of windfall gains amongst a sample of British respondents. Our results suggest that such gains are not random, but are significantly related to a variety of individual characteristics and traits. In particular, proxies of social capital are significantly related to the...

We extend the discrete data latent class literature by explicitly defining a latent variable for class membership as a function of both observables and unobservables, thereby allowing the equations defining the class membership and observed outcomes to be correlated. The procedure is then...

We extend Harris and Zhao (2007) by proposing a (Panel) Inflated Ordered Probit model, and demonstrate its usefulness by applying it to Bank of England Monetary Policy Committee voting data.

Our findings suggest the existence of a gender reservation wage gap. The presence of children, particularly pre-school age children, plays an important role in determining the proportion of this gap that can be explained by individual characteristics.

We model unemployment duration, reservation and expected wages simultaneously for individuals not in work, where wage expectations are identified via an exogenous policy shock. The policy shock increased expected wages, which were found to be positively associated with reservation wages.

We investigate the relationship between an individuals’ reservation wage and unemployment in the local area district. Largely unexplored in the literature this adds to the work which has examined the association between employee wages and unemployment—the ‘wage curve’.

Studies of the relative income hypothesis find positive and negative effects of relative income. To facilitate comparisons we use a large household panel and highlight the sensitivity of the relative income effect to the definition of the reference group and to the estimation strategy employed.