We use a panel vector autoregressions model to examine the coevolution of changes in mental well-being and changes in income, health, marital status and employment status for the British Household Panel Survey (BHPS) data set. This technique allows us to simultaneously analyze the impact of the...

This briefing paper reports the findings of a specially commissioned survey developed to supplement the tenth Financial Inclusion Monitor, published on the 6 December 2022. In order to gather up-to-date information on how people were managing financially, their experiences over the previous year...

This paper analyses the contribution of capital income to income inequality in a cross-national comparison. Using micro-data from the Cross-National Equivalent File (CNEF) for three prominent panel studies, namely the BHPS for Great Britain, the SOEP for West Germany, and the PSID for the USA, a...

This paper describes a two-sector demo-economic model (agricultural and non-agricultural sectors) applied to Europe and spanning the period from the neolithic agricultural revolution to the Industrial Revolution. The model describes the "incessant contest" between population growth and food...

Using an innovative dataset for ICT use for five countries in Europe, we examine the impact and association of ICT on socio-economic exclusion. Using OLS regression we find significant wage premiums for PC and internet usage at the workplace. Following Dinardo/Fortin/Lemieux (1997), we examine...

Trends in real national income are typically assessed using aggregate indicators such as GDP per capita, or mean household income, whereas the income distribution literature focuses on trends in income inequality. By contrast this paper takes an integrated approach to real national income...

Valuing a change in the risk of death is a key input into the calculation of the benefits of environmental policies that save lives. Typically such risks are monetized using the Value of a Statistical Life (VSL). Because the majority of the lives saved by environmental policies are those of...

This paper discusses a novel approach to elicit people's preferences for public goods, namely the life satisfaction approach. Reported subjective well-being data are used to directly evaluate utility consequences of public goods. The strengths of this approach are compared to traditional...

UK Local Authorities purchase care home places on behalf of a large group of people following an assessment of their ability to meet the care home fee from their income and wealth. All other buyers of care home services are atomistic and the care home market is characterised by a large number of...

This study explores the effects of air pollution on specific diseases. Moreover, this study explores the willingness to pay for improving the air quality in the UK. The estimates are based on data from the British Household Panel Survey (BHPS) and rely on variations in pollution level and health...