Working papers

Recently the data underlying the Annual Census of Production has been made available to academic

Traditional analysis of the taxation of income from capital has focused on the impact of

In this paper we develop the collective labour supply framework to allow for corner solutions and nonparticipation in employment.

Many parts of the public sector coexist with private provision of similar services and in such circumstances we may expect to find interaction between public and private choices.

We review the changes in modelling strategy and econometric methodology when estimating a firin-level investment equation on panel data during the past twenty years, in order to assess which of these changes result from new estimation methods and changes in the practice of panel data econometrics, and which are "real" and due to the evolution of the economy.

This chapter surveys existing approaches to modeling labor supply and identifies important gaps in the literature that could be addressed in future research

The role of financial institutions and corporate governance in the conduct and performance of industrial firrm, especially in the area of technological innovation and international competition has been hotly debated in the recent past.

When an income tax or tax-benefit system is applied to the distribution of personal incomes, three effects on the distribution of peoples' living standards can be discerned.

The system GMM estimator in dynamic panel data models combines moment conditions for hte differenced equation with moment conditions for the model in levels.

Recent studies have found a negative relationship between voluntary labour market activity and the opportunity cost of time, measured by the individual's net wage.

The paper studies credible information transmission by governments.

This paper presents an hedonic model of the price of a sample of new cars available in the UK during the period 1986 to 1995.

Much of the dramatic change in skill and wage structure observed in recent years in the United States is believed to stem from the impact of new technology.

Perceptions of private benefits from hypothecated tax increases may be correlated with income either because individuals with different incomes are more or less interested in public services or because they anticipate bearing different shares of the implied tax burden.

The question of how inequality is generated and how it reproduces over time has been a major concern for social scientists for more than a century.

The paper estimates the returns to education for a cohort of individuals born in Britain in March 1958 who have been followed since birth until

Recent studies have explored the possibility that limited participation in asset markets,

In this paper we argue that only when one uses data and arguments relating to the life-time experiences of individuals or households within an economy can one understand recent trends and patterns in saving rates.