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We develop an equilibrium lifecycle model of education, marriage and labor supply and consumption in a transferable utility context. Individuals start by choosing their investments in education anticipating returns in the marriage market and the labor market. They then match based on the...
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In the last few months, there has been a series of strikes by teachers in further education colleges across England over pay and conditions, and more strikes look set to impact the post-16 education sector this year. With inflation at around 10%, college teachers have experienced large...
Persistent link: https://www.econbiz.de/10014251548
Five years ago, then Prime Minister Boris Johnson made "levelling up" a central plank of the Conservative Party's bid for re-election, with a manifesto pledge to "level up every part of the UK". In 2022, the government published a thorough and ambitious White Paper setting out 12 levelling up...
Persistent link: https://www.econbiz.de/10014552650
The paper investigates the short run responsiveness of National Health Service (NHS) nurses' labour supply to changes in wages of NHS nurses relative to wages in outside options available to nurses, utilising the panel data aspect of the Annual Survey of Hours and Earnings. We find the short run...
Persistent link: https://www.econbiz.de/10010481040
We study students' motives for educational attainment in a unique survey of 885 secondary school students in the UK. As expected, students who perceive the monetary returns to education to be higher are more likely to intend to continue in full-time education. However, the main driver is the...
Persistent link: https://www.econbiz.de/10011534003
This paper provides causal estimates of the effect of teacher pay on pupil attainment using a sharp geographical discontinuity in teacher salaries. We compare schools in close proximity to a pay zone boundary to estimate the effect of teacher salary differentials on pupil attainment. We find...
Persistent link: https://www.econbiz.de/10010251049
The introduction of universal credit (UC) has been the most significant reform to the workingage benefits system since the reforms following the post-war Beveridge Report. When fully rolled out, around 8 million families - 29% of all working-age families - will be entitled to the benefit. UC is...
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