Working papers

Several explanations for the observed limited stock market participation have been offered in the literature.

The Department for Work and Pensions (DWP)’s Pensim2 model is a dynamic microsimulation model.

We report an empirical analysis of the responses of the supply and demand for secondary care to waiting list size and waiting times.

In this paper we develop a revealed preference-based nonparametric approach to characteristics models.

This paper proposes a new class of HAC covariance matrix estimators.

The paper provides significant simplifications and extensions of results obtained by Gorsich, Genton, and Strang (J. Multivariate Anal. 80 (2002) 138) on the structure of spatial design matrices.

This paper is concerned with inference about a function g that is identified by a conditional moment restriction involving instrumental variables.

We consider empirical evidence from the US and the UK regarding the extent to which funds in some specific tax advantaged accounts (IRAs in the US, TESSAs and ISAs in the UK) represent new savings.

How much does US-based R&D benefit other countries and through what mechanisms?

This paper investigates the determinants of vertical integration using data from the UK manufacturing sector.

GEL methods which generalize and extend previous contributions are defined and analysed for moment condition models specified in terms of weakly dependent data.

This Discussion Paper provides detailed consideration of selected existing corporate tax legislation concerning schedule A, the antiavoidance rules for companies and the rules for group relief set out in schedule 18 TA 1988.

We provide evidence on the impact of a large construction of pre-primary school facilities in Argentina.

In this paper we evaluate the effect of a large nutrition programme in rural Colombia on children nutritional status, school achievement and female labour supply.

This papers lays out how improvements could be made to the government's fiscal code in the light of recent experiences.

This paper describes the transmission of income inequality into consumptioninequality and in so doing investigates the degree of insurance to incomeshocks.

This paper considers a linear triangular simultaneous equations model with conditional quantile restrictions.

This paper assesses the accuracy of decomposing income risk into permanent and transitory components using income and consumption data.

In a number of semiparametric models, smoothing seems necessary in order to obtain estimates of the parametric component which are asymptotically normal and converge at parametric rate.

This paper assesses the accuracy of decomposing income risk into permanent and transitory components using income and consumption data.