Similar Search Results

Tax reform and welfare measurement : do we need demand system estimation?

Banks, James - In: The economic journal : the journal of the Royal … 106 (1996) 438, pp. 1227-1241

Persistent link: https://www.econbiz.de/10001207276

Durables and lemons : private information and the market for cars

Blundell, Richard W.; Gu, Ran; Leth-Petersen, Søren; … - 2019

We specify an equilibrium model of car ownership with private information where individuals sell and purchase new and second-hand cars over their life-cycle. Private information induces a transaction cost and distorts the market reducing the value of a car as a savings instrument. We estimate...

Persistent link: https://www.econbiz.de/10012116571

Best nonparametric bounds on demand responses

Blundell, Richard W.; Browning, Martin James; Crawford, Ian - 2005

theory of revealed preference with the semiparametric estimation of consumer expansion paths (Engel curves). We label these …

Persistent link: https://www.econbiz.de/10008700152

Labour supply and taxation with restricted choices

Beffy, Magali; Blundell, Richard W.; Bozio, Antoine; … - 2014 - September 2012, this draft February 2014

A model of labour supply is developed in which individuals face restrictions on hours choices. Observed hours reflect both the distribution of preferences and the distribution of offers. In this framework the choice set is limited and observed hours may not appear to satisfy the revealed...

Persistent link: https://www.econbiz.de/10010254710

Non-parametric Engel curves and revealed preference

Blundell, Richard W.; Browning, Martin James; Crawford, Ian - 2001 - Revised May 2001

This paper applies revealed preference theory to the nonparametric statistical analysis of consumer demand. Knowledge … which to examine the consistency of household level data and revealed preference theory. An application is made to a long … revealed preference theory is examined. For periods of consistency with revealed preference, tight bounds are placed on true …

Persistent link: https://www.econbiz.de/10011537533

Individual effects and dynamics in count data models

Blundell, Richard W.; Griffith, Rachel; Windmeijer, Frank - 1999

Persistent link: https://www.econbiz.de/10011537569

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

Blundell, Richard W.; Bond, Stephen; 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/10011537713

Interpreting aggregate wage growth

Blundell, Richard W.; Reed, Howard; Stoker, Thomas Martin - 2000

This paper analyzes the relationship between aggregate wages and individual wages when there is time series variation in employment and in the dispersion of wages. A new and easily implementable framework for the empirical analysis of aggregation biases is developed. Aggregate real wages are...

Persistent link: https://www.econbiz.de/10011537788

Labour supply : a review of alternative approaches

Blundell, Richard W.; MaCurdy, Thomas E. - 1998

This chapter surveys existing approaches to modeling labor supply and identifies important gaps in the literature that could be addressed in future research. The discussion begins with a look at recent policy reforms and labor market facts that motivate the study of labor supply. The analysis...

Persistent link: https://www.econbiz.de/10011538104

GMM estimation with persistent panel data : an application to production functions

Blundell, Richard W.; Bond, Stephen - 1999

We consider the estimation of Cobb-Douglas production functions using panel data covering a large sample of companies observed for a small number of time periods. Standard GMM estimators, which eliminate unobserved firm-specific e¤ects by taking first differences, have been found to produce...

Persistent link: https://www.econbiz.de/10011538404