This paper derives the asymptotic normality of the distribution of difference in the Atkinson/Kolm and generalised entropy inequality measures when incomes are correlated. We illustrate the procedure by calculating the difference in inequality before and after tax in Ireland. Our empirical...

The high growth rates experienced in Ireland over the last 10 years has resulted in a tightening of the labour market which is reflected in the number of unfilled vacancies reported by firms. At the same time wage inequality has increased leading to greater demands being placed on the government...

In this paper we consider the modelling of health demand using two micro-level data sets - the British Household Panel Study (BHPS) and the General Household Survey (GHS).

This paper presents a dynamic model of endogenous coalition formation in cooperative games with transferable utility. The players are boundedly rational. At each time step, a player decides which of the existing coalitions to join, and demands a payoff. These decisions are determined by a (non-...

Choosing a mortgage product in the face of labor income risk, interest rate risk and borrowing constraints is one of the most important decisions facing a household. This paper investigates the choice between a variety of fixed rate mortgages and adjustable rate mortgages. We find that...

This paper seeks to present some upper and lower bound estimates of the extent of self-employed income under-reporting in Britain in 1987 and 1992, and hence to infer an approximate estimate for the size of Britain's black economy. The methodology to be utilized is taken from Pissarides and...

Despite their scarcity in the literature, an abundance of globally regular indirect utility functions, involving as many parameters as desired, exists. They are easily constructed as a function of simple homothetic component utilities.

In this paper we test for the first time whether the driving force behind the negative effect of income uncertainty on owner-occupancy propensities is risk aversion or credit constraints. To disentangle this puzzle we estimate reduced form equations using Italian data. Consistent with the...

We investigate the socio-economic determinants of mortgage delinquency in 12 EU countries and observe that income volatility significantly increases the mortgage delinquency risk. This pattern even holds for borrowers with higher-income profiles if volatility in income is high enough. From this...