Do workers adjust hours of work in response to capital gains and losses? This paper investigates this question using British panel data on individual employees from 1992 to 2001. It investigates hours of work adjustments to two sources of capital gain: financial windfalls and real housing wealth...

This paper investigates the relationship between outside air temperature and the residential demand for space heating energy. These nonlinearities are investigated empirically using high frequency panel data for a sample of U.K. households, and both parametric and nonparametric methods for...

The recent failure to predict the strong growth in consumer spending and decline in the savings ratio in the United Kingdom has prompted a number of economic forecasters to reassess the basis of their consumer expenditure relationships. This paper assesses the failure of the traditional...

This paper is concerned with the question of whether changes in market structure affect pricing behavior, in the context of the interwar U.K. coal-mining industry. In contrast to previous U.K. studies, the authors use time-series data, allowing them to model the dynamics of price adjustment. The...