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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

Inflation-Indexed Bonds and the Expectations Hypothesis

Pflueger, Carolin E. - 2011

This paper empirically analyzes the Expectations Hypothesis (EH) in inflation-indexed (or real) bonds and in nominal bonds in the US and in the UK. We strongly reject the EH in inflation-indexed bonds, and also confirm and update the existing evidence rejecting the EH in nominal bonds. This...

Persistent link: https://www.econbiz.de/10013127982

"Beauty is the Promise of Happiness"?

Hamermesh, Daniel S. - 2011

We measure the impact of individuals' looks on life satisfaction/happiness. Using five data sets, from the U.S., Canada, the U.K., and Germany, we construct beauty measures in different ways that allow placing lower bounds on the effects of beauty. Beauty raises happiness: A one...

Persistent link: https://www.econbiz.de/10013121060

International Evidence on Sticky Consumption Growth

Carroll, Christopher D. - 2008

We estimate the degree of amp;apos;stickinessamp;apos; in aggregate consumption growth (sometimes interpreted as reflecting consumption habits) for thirteen advanced economies. We find that, after controlling for measurement error, consumption growth has a high degree of autocorrelation, with a...

Persistent link: https://www.econbiz.de/10012772369

Comovements in Stock Prices and Comovements in Dividends

Shiller, Robert J. - 2008

Simple efficient markets models imply that the covariance between prices of speculative assets cannot exceed the covariance between their respective fundamentals unless there is positive information pooling. Positive information pooling occurs when there is more information, in a sense defined...

Persistent link: https://www.econbiz.de/10012774548

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