We show that hedonic price indices that omit model-specific unobservable product attributes are subject to considerable bias. We utilize a complete panel of new car versions marketed in the UK over 1971-98 which incorporates over 100 observable product characteristics, sales weighting to capture...

There is increasing pressure on universities to deliver social and economic impact from their work in an increasingly market and metric driven environment. Within the UK, increasing financial pressure has led to both an escalation of student fees, and constrained wage growth for faculty. In...

We examine shifts in British income inequality and their causes between 1911 and 1949. Newly re-discovered Inland Revenue 1911 estimates and more detailed data from subsequent official income distribution enquiries are used to show that income was substantially more concentrated at the top of...