This paper argues that it should be replaced by a cost-neutral matching-grant or tax-credit scheme.
1 November 1998
This paper examines the pattern of supplementary pension coverage of employees in Britain five years after the implementation of the Act, using cross-sectional data from the Family Resources Survey 1993-94.
1 November 1998
The golden rule of public finance is based upon the notion that intergenerational equity requires that the cost of public expenditures be spread over time in a manner that reflects the intertemporal distribution of the benefits generated by those expenditures.
1 November 1998
This paper sets out how the proposed scheme differs from its predecessor and describes the distributional effects of this reform.
1 November 1998
In this paper we develop the collective labour supply framework to allow for corner solutions and nonparticipation in employment.
1 November 1998
This commentary asks whether a productivity gap is really the problem facing Britain. Do lower levels of output per worker suggest greater inefficiency or do they reflect differences in levels of inputs? Historically low levels of investment suggest that our stock of R&D, physical and human capital may be lower than it is in the other main industrialised countries.
1 November 1998
This Commentary looks at public pay in detail, tracing its trend relative to the private sector over the 1980s and 1990s and showing how the gap in pay between the public and private sectors differs dramatically across occupations, gender and education groups. These findings illustrate how misleading comparisons of public and private sector pay based on aggregate data can be.
1 November 1998
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.
26 October 1998
25 October 1998
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.
1 October 1998
This chapter surveys existing approaches to modeling labor supply and identifies important gaps in the literature that could be addressed in future research
1 October 1998
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.
1 October 1998
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.
1 October 1998
The system GMM estimator in dynamic panel data models combines moment conditions for hte differenced equation with moment conditions for the model in levels.
1 October 1998
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.
1 October 1998
The paper studies credible information transmission by governments.
1 October 1998
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.
1 October 1998
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.
6 September 1998
This paper addresses whether households save enough for their retirement. For successive date-of-birth cohorts we analyze income and expenditure patterns around the time of retirement.
1 September 1998
This paper addresses whether households save enough for their retirement.
1 September 1998