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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

Competition and innovation: An inverted u relationship

Aghion, Philippe; Bloom, Nicholas; Blundell, Richard; … - 2002

This paper investigates the relationship between product market competition (PMC) and innovation. A Schumpeterian growth model is developed in which firms innovate Ñ³tep-by-stepÒ¬ and where both technological leaders and their followers engage in R&D activities. In this model, competition...

Persistent link: https://www.econbiz.de/10010292944

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

Estimation in dynamic panel data models: improving on the performance of the standard GMM estimator

Blundell, Richard; Bond, Steve; Windmeijer, Frank - 2000

This chapter reviews developments to improve on the poor performance of the standard GMM estimator for highly autoregressive panel series. It considers the use of the system GMM estimator that relies on relatively mild restrictions on the initial condition process. This system GMM estimator...

Persistent link: https://www.econbiz.de/10010330329

Female labour supply, human capital and welfare reform

Blundell, Richard; Dias, Monica Costa; Meghir, Costas; … - 2013

We consider the impact of tax credits and income support programs on female education choice, employment, hours and …. We find important incentive effects on education choice and labour supply, with single mothers having the most elastic … especially for women with more than basic formal education. For those with lower education the welfare programs are shown to have …

Persistent link: https://www.econbiz.de/10010331002