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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 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

The dynamics of investment under uncertainty

Bloom, Nicholas; Bond, Stephen; Van Reenen, John - 2001

We derive robust predictions on the effects of uncertainty on short run investment dynamics in a broad class of models with (partial) irreversibility. When their environment becomes more uncertain firms become more cautious and less responsive to demand shocks. This result contrasts with the...

Persistent link: https://www.econbiz.de/10010293014

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