Dr Hamish Low: all content

Showing 1 – 20 of 57 results

Working paper graphic

MPCs through COVID: spending, saving and private transfers

Working Paper

This working paper looks at the marginal propensity to consume from a representative sample of UK adults in July 2020. Reported MPCs are low, around 11% on average. They are higher, but still modest, for individuals in households with high current needs.

20 October 2020

Working paper graphic

Disability Insurance: Error Rates and Gender Differences

Working Paper

We show the extent of errors made in the award of disability insurance using matched survey-administrative data. False rejections (Type I errors) are widespread, and there are large gender differences in these type I error rates.

10 December 2019

Article graphic

Aggregating labour supply elasticities: The importance of heterogeneity

Comment

Economists disagree on the size of labour supply elasticities. The column uses a model of female labour supply to show that there is substantial heterogeneity in both cross section and over the business cycle. It is not possible to think about labour supply elasticity as a unique structural parameter. To understand the consequences of income tax changes, for example, we need to be explicit about whose tax is changing.

29 November 2018

Journal graphic

Do consumers gamble to convexify?

Journal article

The combination of credit constraints and indivisible consumption goods may induce some risk-averse individuals to gamble to have a chance of crossing a purchasing threshold.

1 November 2016