We examine the impact of unanticipated housing capital gains on consumption behavior using data from the British Household Panel Survey and county-level house price data. We condition the models on household financial expectations and on household real financial capital gains imputed from the...

Choice and competition in education have recently found growing support from both policymakers and academics. Yet evidence on the actual benefits of market-orientated reforms is at best mixed. Moreover, although the economic rationale for choice and competition is clear, in existing work there...

This paper reports on the short run impact of one of the U.K. government's flagship education policies, the Excellence in Cities (EiC) program. EiC is aimed specifically at alleviating poor student achievement in inner city areas. The analysis compares educational attainment in Maths and English...