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This study investigates the relationship between treasury auction maturity, which also dictates the debt maturity, and auction interest rates.
5 September 2005
This paper provides weak conditions under which there is nonparametric interval identification of local features of a structural function that depends on a discrete endogenous variable and is nonseparable in latent variates.
1 September 2005
This paper investigates the determinants of vertical integration.
1 September 2005
We present empirical evidence which suggests that a big increase in dividend taxation for UK pension funds in July 1997 affected the form in which some UK companies chose to make dividend payments, but otherwise had limited effects on both the level of dividend payments and the level of investment.
24 August 2005
22 August 2005
20 August 2005
19 August 2005
This paper presents results from a Monte Carlo study concerning inference with spatially dependent data. It investigates the impact of location/distance measurement errors upon the accuracy of parametric and nonparametric estimators of asymptotic variances.
19 August 2005
This paper presents a new estimator for the mixed proportional hazard model that allows for a nonparametric baseline hazard and time-varying regressors. In particular, this paper allows for discrete measurement of the durations as happens often in practice.
19 August 2005
18 August 2005
10 August 2005
This article was published in Public Finance Magazine on 5th August 2005.
5 August 2005
This paper examines the effects of work-related training on direct measures of productivity.
2 August 2005
1 August 2005
We present evidence on whether workers have social preferences by comparing workers' productivity under relative incentives, where individual effort imposes a negative externality on others, with their productivity under piece rates, where it does not.
1 August 2005
The principal purpose of this paper is to describe the performance of generalized empirical likelihood (GEL) methods for time series instrumental variable models specified by nonlinear moment restrictions when identification may be weak.
1 August 2005
This document reviews a number of empirical methodologies available to answering policy questions about the relationship between income and child outcomes.
1 August 2005
This paper is concerned with the relationship between class size and the student outcome - participation in post-compulsory schooling.
1 August 2005
Recent theoretical contributions have suggested consumption externalities, or peergroup effects, as a potential explanation for some of the puzzles in macroeconomics and finance.
29 July 2005
This paper estimates the marginal efficiency cost of redistribution (MECR) associated with a demogrant and an in-work benefit for the UK since 1979, taking account of extensive as well as intensive labour supply responses.
28 July 2005