This papers identifies the information content at the firm-level of qualitative business survey data by first examining the consistency between these data and the quantitative data provided by the same respondents to the UK’s ONS in official surveys. Since the qualitative data are published...

This paper discusses the way in which payments from pooled annuity funds need to be adjusted to take account of the fact that future mortality rates are uncertain. Mortalityadjusted annuities, as we describe payments from the pooled fund are variable annuities in which aggregate mortality risk...

There is a growing consensus based on extensive experimental evidence that people are generally influenced by myopia when making decisions of an intertemporal nature.

This paper uses the English Longitudinal Survey of Ageing to explore the selfreport effect of cataract operations on eyesight. Calibrating the results to an existing study of the effect of imperfect eyesight on qualty of life, the impact of cataract operations on quality-adjusted life-years is...

From a household point of view the two major changes associated with the economic disruption of the last eighteen months are, first, that the unemployment rate and presumably the risk of unemployment have risen sharply, and secondly, that there have been large declines in asset prices. It is...

We derive monthly and quarterly series of UK GDP for the inter-war period from a set of indicators that were constructed at the time. We proceed to illustrate how the new data can contribute to our understanding of the economic history of the UK in the 1930s and have also used the series to draw...

This paper describes the National Institute’s Benefit and Tax Model, NIBAX and provides results of studies using it to explore i) the introduction of low-cost pensions similar to Personal Accounts, ii) the effects of the abolition of the 10p income tax rate and iii) the consequences of rising...

We assess fiscal policy from the perspective of fairness between generations and the relationship between this and national saving , in the context where the United Kingdom is the lowest-saving of all the OECD economies. Cross-section and pooled data suggest that governments are in a position to...

This paper examines the effect of lifelong learning on men’s employment and wages. Using data from the British Household Panel Survey, a variant of the mover-stayer model is developed in which hourly wages are either taken from a stationary distribution (movers) or are closely related to the...