In this paper, we analyze the decision by teachers to leave the profession in a dependent competing risks framework. The econometric model allows for a flexible, semiparametric specification of the duration-dependence structure and of the unobserved heterogeneity distribution in each...

Survey measures of consumer inflation expectations have an important shortcoming in that, while providing useful summary measures of the distribution of point forecasts across individuals, they contain no direct information about an individual's uncertainty about future inflation. The latter is...

This paper examines the effects of theWorking Families’ Tax Credit (WFTC) on couples in Britain. We develop a simple model of household decisions which explicitly accounts for the role played by the tax and benefit system. Its main implications are then tested using panel data from the British...