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A Lifetime of Changes : State Pensions and Work Incentives at Older Ages in the UK, 1948-2018

Banks, James W. - 2018

We describe the history of state pension policy in the UK since 1948 and calculate summary measures of the generosity of the system over time and the degree to which the it created implicit taxes on, or subsidies to, work at older ages. The time series of these measures, calculated separately...

Persistent link: https://www.econbiz.de/10012907763

Long-Term Unemployment and the Great Recession : The Role of Composition, Duration Dependence, and Non-Participation

Kroft, Kory - 2014

observed increase in LTU. Next, using panel data from the Current Population Survey for 2002-2007, we calibrate a matching …

Persistent link: https://www.econbiz.de/10013051310

Wages, Experience and Training of Women Over the Lifecycle

Blundell, Richard W.; Costa Dias, Monica; Goll, David; … - 2021

We investigate the role of training in reducing the gender wage gap using the UK-BHPS. Based on a lifecycle model and using tax and welfare benefit reforms as a source of exogenous variation we evaluate the role of formal training and experience in defining the evolution of wages and employment...

Persistent link: https://www.econbiz.de/10013312475

Does Education Improve Citizenship? Evidence from the U.S. And the U.K

Milligan, Kevin S.; Moretti, Enrico; Oreopoulos, Philip - 2021

Many economists and educators of diverse political beliefs favor public support for education on the premise that a more educated electorate enhances the quality of democracy. While some earlier studies document an association between schooling and citizenship, little attempt has been made to...

Persistent link: https://www.econbiz.de/10013213055

Free to Choose? Reform and Demand Response in the English National Health Service

Gaynor, Martin - 2012

choice increased demand elasticity faced by hospitals with regard to clinical quality and waiting time for an important … welfare. The elasticity of demand faced by hospitals increased post-reform, giving hospitals potentially large incentives to … increased demand elasticity. The results suggests greater choice can enhance quality …

Persistent link: https://www.econbiz.de/10013097271

Active Labour Market Policies and the British New Deal for the Young Unemployed in Context

Van Reenen, John - 2021

The British New Deal for Young People began in January 1998. After 6 months of unemployment, 18-24 year olds are mandated to enter a `Gateway' period where they are given extensive job search assistance. If they are unable to obtain an unsubsidised job, then they can enter one of four New Deal...

Persistent link: https://www.econbiz.de/10013244356

Stock Return Predictability : Is it There?

Bekaert, Geert - 2010

We ask whether stock returns in France, Germany, Japan, the UK and the US are predictable by three instruments: the dividend yield, the earnings yield and the short rate. The predictability regression is suggested by a present value model with earnings growth, payout ratios and the short rate as...

Persistent link: https://www.econbiz.de/10012763174

The Term Structure of Forward Exchange Premia and the Forecastibility of Spot Exchange Rates : Correcting the Errors

Clarida, Richard - 2010

We present theory and evidence that challenges the view that forward premia contain little information regarding subsequent spot rate movements. Using weekly dollar-mark and dollar sterling data, we find that spot and forward exchange rates together are well represented by a vector error...

Persistent link: https://www.econbiz.de/10012763403

Productivity Growth, Knowledge Flows, and Spillovers

Crespi, Gustavo - 2014

This paper explores the role of knowledge flows and productivity growth by linking direct survey data on knowledge flows to firm-level data on TFP growth. Our data measure the information flows often considered important, especially by policy-makers, such as from within the firm and from...

Persistent link: https://www.econbiz.de/10012751505

The Return to Education in the Mid-20th Century : Evidence from Twins

Feigenbaum, James - 2019

What was the return to education in the United States at mid-century? In 1940, the correlation between years of schooling and earnings was relatively low, less than it had been in 1915 or than it would be in later decades. In this paper, we estimate the causal return to schooling in 1940,...

Persistent link: https://www.econbiz.de/10012860442

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