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Evaluating the impact of education on earnings in the UK: Models, methjods and results from the NCDS

Blundell, Richard W.; Dearden, Lorraine; Sianesi, Barbara - 2003

Regression, matching, control function and instrumental variables methods for recovering the impact of education on … find an average return of 27% for those completing higher education versus anything less. Compared to stopping at 16 … without qualifications, we find an average return to O-levels of 18%, to A-levels of 24% and to higher education of 48%. …

Persistent link: https://www.econbiz.de/10010292932

Consumption Inequality and Family Labor Supply

Blundell, Richard W. - 2012

In this paper we examine the link between wage inequality and consumption inequality using a life cycle model that incorporates household consumption and family labor supply decisions. We derive analytical expressions based on approximations for the dynamics of consumption, hours, and earnings...

Persistent link: https://www.econbiz.de/10013099814

Female Labour Supply, Human Capital and Welfare Reform

Blundell, Richard W.; Costa Dias, Monica; Meghir, Costas; … - 2021

We estimate a dynamic model of employment, human capital accumulation - including education, and savings for women in … longer-term effects of policy, increase with education, but experience mainly accumulates when in full-time employment. Tax …

Persistent link: https://www.econbiz.de/10013224392

Competition and Innovation : An Inverted U Relationship

Aghion, Philippe; Bloom, Nicholas; Griffith, Rachel; … - 2021

This paper investigates the relationship between product market competition (PMC) and innovation. A growth model is developed in which competition may increase the incremental profit from innovating; on the other hand, competition may also reduce innovation incentives for laggards. There are...

Persistent link: https://www.econbiz.de/10013230578

The Effects of Entry on Incumbent Innovation and Productivity

Aghion, Philippe; Blundell, Richard W.; Griffith, Rachel; … - 2021

How does firm entry affect innovation incentives and productivity growth in incumbent firms? Micro-data suggests that there is heterogeneity across industries--incumbents in technologically advanced industries react positively to foreign firm entry, but not in laggard industries. To explain this...

Persistent link: https://www.econbiz.de/10013228275

Consumption inequality and partial insurance

Blundell, Richard W.; Pistaferri, Luigi; Preston, Ian - 2004

This paper describes the transmission of income inequality into consumption inequality and in so doing investigates the degree of insurance to income shocks. It combines panel data on income from the PSID with consumption data from repeated CEX cross-sections and distinguishes between permanent...

Persistent link: https://www.econbiz.de/10010292960

Changes in the distribution of male and female wages accounting for employment composition using bounds

Blundell, Richard W.; Gosling, Amanda; Ichimura, Hidehiko; … - 2004

assumptions we find convincing evidence of an increase in inequality within education groups, changes in the return to education …

Persistent link: https://www.econbiz.de/10010293071