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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

Mapping the two faces of R&D: productivity growth in a panel of OECD industries

Griffith, Rachel; Redding, Stephen; Reenen, John Van - 2000

Many writers have claimed that R&D has two 'faces'. In addition to the conventional role of stimulating innovation, R&D enhances technology transfer by improving the ability of firms to learn about advances in the leading edge ('absorptive capacity'). In this paper we document that there has...

Persistent link: https://www.econbiz.de/10010330318