Working papers

This paper considers what shapes the optimal degree of progressivity of the tax and transfer system.

This paper develops a novel framework to analyze the structural implications of the marriage market for household consumption.

This paper argues that most standard theories of justice place a large weight on self and social respect and that such respect has a lot to do with the position a person holds in the productive process - their wage and employment outcomes.

This paper examines the impact of housing wealth on labor supply decisions using data on exogenous local variation in house prices merged into household panel data for Britain.

This paper offers new evidence of sibling rivalry and gender bias in family settings in Taiwan.

We consider general heterogenous demand where preferences and linear budget sets are statistically independent.

This article aims to provide some insight into the question by drawing lessons from the literature. The definition of "economic theory" includes a broad range of examples, such as accounting identities, disaggregation and spatial restrictions when forecasting aggregate variables, cointegration and forecasting with Dynamic Stochastic General Equilibrium (DSGE) models.

This paper uses comprehensive patent data from the European Patent Office and a multiple spells duration model to provide estimates that suggest that the impact of market frictions are substantial.

This paper considers inference on functionals of semi/nonparametric conditional moment restrictions with possibly nonsmooth generalized residuals, which include all of the (nonlinear) nonparametric instrumental variables (IV) as special cases.

This paper assesses the extent to which those who recently reached the state pension age in the UK have saved optimally for retirement.

This paper presents the first assessment of the optimality of the retirement resources of English couple households born in the 1940s.

This paper provides identification conditions for positive eigenfunctions in nonparametric models. Identification is achieved if the operator satisfies two mild positivity conditions and a power compactness condition.

This paper studies econometric models of complete information games with ordered action spaces, such as the number of store fronts operated in a market by a rm, or the daily number of flights on a city-pair offered by an airline.

Using the Reinhart-Rogo dataset, the authors find a debt threshold not around 90 percent but around 30 percent, above which the median real GDP growth falls abruptly.

In this paper we study the least squares (LS) estimator in a linear panel regression model with unknown number of factors appearing as interactive fixed effects.

This paper develops a specification test for instrument validity in the heterogeneous treatment effect model with a binary treatment and a discrete instrument.

In this paper, the authors consider estimation of general modern moment-condition problems in econometrics in a data-rich environment where there may be many more control variables available than there are observations.

This working paper looks at the role taxes and transfers play in redistributing resources and providing insurance across individuals and across the lifecycle.

In this paper, we use detailed data on households’ histories of employment, earnings and contributions to the National Insurance (NI) system to examine the degree of intragenerational redistribution achieved by the UK state pension system for the cohort born in the 1930s.

This paper studies the impact on employment over the period when the female state pension age rose to age 62.