We explore whether a protective role for savings against future financial hardship exists using household level panel data. We jointly model the incidence and extent of financial problems, as well as the likelihood of having secured debt and the amount of monthly secured debt repayments,...

We explore the relationship between the social interaction of parents and their offspring from a theoretical and an empirical perspective. Our theoretical framework establishes possible explanations for the intergenerational transfer of social interaction whereby the social interaction of the...

We develop a new approach to modelling the impact of personal characteristics on the extent of poverty, using propensity score matching methods. This is used to evaluate the contribution of hours constraints to poverty, as revealed in UK and US datasets. The results reveal a significant...