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Two decades of income inequality in Britain : the role of wages, household earnings and redistribution
Belfield, Chris; Blundell, Richard W.; Cribb, Jonathan; … - 2017
We study earnings and income inequality in Britain over the past two decades, including the period of relatively … the "new inequality" at the very top. Household earnings inequality has risen, driven by male earnings - although a 'catch …-up' of female earnings did hold down individual earnings inequality and reduce within-household inequality. Nevertheless, net …
Persistent link: https://www.econbiz.de/10011583577
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Consumption Inequality and Family Labor Supply
Blundell, Richard W. - 2014
In this paper we examine the link between wage inequality and consumption inequality using a life cycle model that …
Persistent link: https://www.econbiz.de/10013057673
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Life-cycle consumption patterns at older ages in the US and the UK : can medical expenditures explain the difference?
Banks, James; Blundell, Richard W.; Levell, Peter; … - 2016
In this paper we document significantly steeper declines in nondurable expenditures in the UK compared to the US, in spite of income paths being similar. We explore several possible causes, including different employment paths, housing ownership and expenses, levels and paths of health status,...
Persistent link: https://www.econbiz.de/10011534273
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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 of expansion paths is shown to improve the power of nonparametric tests of revealed preference. The tightest bounds on indifference surfaces and welfare measures are derived...
Persistent link: https://www.econbiz.de/10011537533
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Life-cycle consumption patterns at older ages in the US and the UK : can medical expenditures explain the difference?
Banks, James; Blundell, Richard W.; Levell, Peter; … - 2015
In this paper we document significantly steeper declines in nondurable expenditures in the UK compared to the US, in spite of income paths being similar. We explore several possible causes, including different employment paths, housing ownership and expenses, levels and paths of health status,...
Persistent link: https://www.econbiz.de/10010498398
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House price volatility and the housing ladder
Banks, James; Blundell, Richard W.; Oldfield, Zoe͏̈; … - 2010
This paper investigates the effects of housing price risk on housing choices over the lifecycle. Housing price risk can be substantial but, unlike other risky assets which people can avoid, the fact that most people will eventually own their home creates an insurance demand for housing assets...
Persistent link: https://www.econbiz.de/10009006946
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Housing mobility and downsizing at older ages in Britain and the United States
Banks, James; Blundell, Richard W.; Oldfield, Zoe͏̈; … - 2010
This paper investigates the effects of housing price risk on housing choices over the lifecycle. Housing price risk can be substantial but, unlike other risky assets which people can avoid, the fact that most people will eventually own their home creates an insurance demand for housing assets...
Persistent link: https://www.econbiz.de/10009006985
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Collective labour supply : heterogeneity and nonparticipation
Blundell, Richard W.; Chiappori, Pierre-André; Magnac, … - 2005
We present identification and estimation results for the "collective" model of labour supply in which there are discrete choices, censoring of hours and nonparticipation in employment. We derive the collective restrictions on labour supply functions and contrast them with restrictions implied by...
Persistent link: https://www.econbiz.de/10003257851
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House Price Volatility and the Housing Ladder
Banks, James W. - 2015
This paper investigates the effects of housing price risk on housing choices over the life-cycle. Housing price risk can be substantial but, unlike other risky assets which people can avoid, the fact that most people will eventually own their home creates an insurance demand for housing assets...
Persistent link: https://www.econbiz.de/10013038587
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House Price Volatility and the Housing Ladder
Banks, James W.; Blundell, Richard W.; Oldfield, Zoé; … - 2010
This paper investigates the effects of housing price risk on housing choices over the life-cycle. Housing price risk can be substantial but, unlike other risky assets which people can avoid, the fact that most people will eventually own their home creates an insurance demand for housing assets...
Persistent link: https://www.econbiz.de/10014190987