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  1. Book ; Article ; Online: Labour market inequality and the changing life cycle profile of male and female wages

    Blundell, Richard W. / Lopez, Hugo / Ziliak, James P.

    2023  

    Abstract: We estimate the distribution of life cycle wages for cohorts of prime-age men and women in the US. A quantile selection model is used to consistently recover the full distribution of wages accounting for systematic differences in employment, permitting ... ...

    Abstract We estimate the distribution of life cycle wages for cohorts of prime-age men and women in the US. A quantile selection model is used to consistently recover the full distribution of wages accounting for systematic differences in employment, permitting us to construct gender- and education-specific age-wage profiles, as well as measures of life cycle inequality within- and between-education groups and gender. Although common within-group time effects are shown to be a key driver of labor market inequalities, important additional differences by birth cohort emerge with older cohorts of higher educated men partly protected from the lower skill prices of the 1970s. The gender wage gap is found to increase sharply across the distribution in the first half of working life, coinciding with fertility cycles of women. After age 40, there has been substantial gender wage convergence in recent cohorts relative to those born prior to the 1950s.
    Keywords ddc:330 ; J3 ; J1 ; Wage Inequality ; Life Cycle Earnings ; Employment ; Quantile Selection ; Gender Gaps
    Subject code 331
    Language English
    Publisher London: Institute for Fiscal Studies (IFS)
    Publishing country de
    Document type Book ; Article ; Online
    Database BASE - Bielefeld Academic Search Engine (life sciences selection)

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  2. Article: What have we learned from structural models?

    Blundell, Richard W

    The American economic review Vol. 107, No. 5 , p. 287-292

    2017  Volume 107, Issue 5, Page(s) 287–292

    Author's details by Richard Blundell
    Language English
    Publisher American Economic Assoc
    Publishing place Nashville, Tenn
    Document type Article
    ZDB-ID 203590-x ; 2009979-4
    ISSN 0002-8282
    ISSN 0002-8282
    Database ECONomics Information System

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  3. Book ; Online: How responsive is the labor market to tax policy?

    Blundell, Richard W

    when applied to the most responsive segments of the labor market, tax policy can increase lifetime earnings and employment

    (IZA world of labor ; 2014,2)

    2014  

    Abstract: With aging populations and increased demands on government revenue, countries need to boost employment and earnings. Tax policy should focus on labor market entry and retirement. Those are the points where labor supply is most responsive to tax ... ...

    Author's details Richard Blundell (University College London, and Institute of Fisical Studies, UK, and IZA, Germany)
    Series title IZA world of labor ; 2014,2
    Abstract With aging populations and increased demands on government revenue, countries need to boost employment and earnings. Tax policy should focus on labor market entry and retirement. Those are the points where labor supply is most responsive to tax incentives, which can enhance the flow into work of people leaving school and women with young children and can prolong employment among older workers. Human capital policy has a complementary role in improving the payoff to work and ensuring that earnings hold up longer over a lifetime.
    Keywords work ; employment ; tax incentives ; human capital
    Language English
    Size 1 Online-Ressource (10 Seiten), Illustrationen
    Publisher Forschungsinstitut zur Zukunft der Arbeit GmbH (IZA)
    Publishing place Bonn
    Document type Book ; Online
    DOI 10.15185/izawol.2
    Database ECONomics Information System

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  4. Book ; Online: Children, time allocation and consumption insurance

    Blundell, Richard W / Pistaferri, Luigi / Saporta-Eksten, Itay

    (Discussion paper / IZA ; no. 11237)

    2017  

    Abstract: We consider the life cycle choices of a household that in each period decides how much to consume and how to allocate spouses' time to work, leisure, and childcare. In an environment with uncertainty, the allocation of goods and time over the life cycle ... ...

    Author's details Richard Blundell, Luigi Pistaferri, Itay Saporta-Eksten
    Series title Discussion paper / IZA ; no. 11237
    Abstract We consider the life cycle choices of a household that in each period decides how much to consume and how to allocate spouses' time to work, leisure, and childcare. In an environment with uncertainty, the allocation of goods and time over the life cycle also serves the purpose of smoothing marginal utility in response to shocks. We combine data on consumption, spouses' wages, hours of work, and time spent with children to estimate the sensitivity of consumption and time allocation to transitory and permanent wage shocks. These structural parameters describe the ability of household to self-insure in response to shocks. We find that behavioral responses to wage shocks depend on the presence of young children. We also find that labor supply cross-responses depend on three counteracting forces: complementarity of leisure time, substitutability of time in the production of child services, and added worker effects.
    Keywords family labor supply ; time use ; consumption smoothing
    Language English
    Size 1 Online-Ressource (circa 50 Seiten), Illustrationen
    Publisher IZA
    Publishing place Bonn, Germany
    Document type Book ; Online
    Database ECONomics Information System

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  5. Book: Children, time allocation and consumption insurance

    Blundell, Richard W / Pistaferri, Luigi / Saporta-Eksten, Itay

    (Working paper series / National Bureau of Economic Research ; 24006)

    2017  

    Author's details Richard Blundell, Luigi Pistaferri, Itay Saporta-Eksten
    Series title Working paper series / National Bureau of Economic Research ; 24006
    Language English
    Size 48 Seiten, Illustrationen
    Publisher National Bureau of Economic Research
    Publishing place Cambridge, MA
    Document type Book
    Note Erscheint auch als Online-Ausgabe
    Database ECONomics Information System

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  6. Book ; Online: Individual counterfactuals with multidimensional unobserved heterogeneity

    Blundell, Richard W / Kristensen, Dennis / Matzkin, Rosa Liliana

    (Cemmap working paper ; CWP 17, 60)

    2017  

    Abstract: New nonparametric methods that identify and estimate counterfactuals for individuals, when each is characterized by a vector of unobserved characteristics, are developed and applied to estimate systems of individual consumer demand and welfare measures. ... ...

    Author's details Richard Blundell, Dennis Kristensen, Rosa Matzkin
    Series title Cemmap working paper ; CWP 17, 60
    Abstract New nonparametric methods that identify and estimate counterfactuals for individuals, when each is characterized by a vector of unobserved characteristics, are developed and applied to estimate systems of individual consumer demand and welfare measures. The unobserved characteristics are allowed to enter in unrestricted ways. Identification is delivered through two fundamental assumptions: First, the system is invertible in the vector of unobserved heterogeneity. Second, there exist external, individual-specific, covariates that are related to the unobserved heterogeneity and do not enter directly into the system of interest. The observed external variables can be either discrete or continuously distributed. Estimators based on the identifying restrictions are developed and their asymptotic properties derived. Using UK micro data on consumer demand, we apply the methods to estimate individual demand counterfactuals subject to revealed preference inequalities.
    Keywords simultaneous equations ; nonseparable models ; constructive identi…cation ; nonpara-metric methods ; consumer behaviour ; structural demand functions ; revealed preference ; bounds
    Language English
    Size 1 Online-Ressource (circa 51 Seiten), Illustrationen
    Edition This Draft: December 2017
    Publisher Cemmap, Centre for Microdata Methods and Practice, The Institute for Fiscal Studies, Department of Economics, UCL
    Publishing place London
    Document type Book ; Online
    Database ECONomics Information System

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  7. Article: Earnings and consumption dynamics

    Arellano, Manuel / Blundell, Richard W / Bonhomme, Stéphane

    Econometrica : journal of the Econometric Society, an internat. society for the advancement of economic theory in its relation to statistics and mathematics Vol. 85, No. 3 , p. 693-734

    a nonlinear panel data framework

    2017  Volume 85, Issue 3, Page(s) 693–734

    Author's details by Manuel Arellano, Richard Blundell and Stéphane Bonhomme
    Keywords Earnings dynamics ; consumption ; nonlinear persistence ; partial insurance ; panel data ; quantile regression ; latent variables
    Language English
    Publishing place [Wechselnde Verlagsorte]
    Document type Article
    ZDB-ID 1798x ; 1477253-x
    ISSN 1468-0262 ; 0012-9682
    ISSN (online) 1468-0262
    ISSN 0012-9682
    Database ECONomics Information System

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  8. Article: Remembering Tony Atkinson

    Blundell, Richard W / Atkinson, A. B / Preston, Ian

    Fiscal studies : the journal of the Institute for Fiscal Studies Vol. 38, No. 1 , p. 5-6

    2017  Volume 38, Issue 1, Page(s) 5–6

    Author's details Richard Blundell and Ian Preston
    Language English
    Publisher Wiley-Blackwell
    Publishing place Oxford
    Document type Article
    ZDB-ID 875401-9 ; 2044782-6
    ISSN 1475-5890 ; 0143-5671
    ISSN (online) 1475-5890
    ISSN 0143-5671
    Database ECONomics Information System

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  9. Article: Nonparametric estimation of nonseparable demand function under the Slutsky inequality restriction

    Blundell, Richard W / Horowitz, Joel / Parey, Matthias

    The review of economics and statistics Bd. XCIX , 2 (May), Seite 291-304

    2017  

    Author's details Richard Blundell, Joel Horowitz, and Matthias Parey
    Keywords Nichtparametrische Schätzung ; Nachfrage ; Nachfragetheorie des Haushalts ; Benzin ; USA
    Language English
    Publisher MIT Press
    Publishing place Cambridge, Mass
    Document type Article
    ZDB-ID 207962-8 ; 1483322-0
    ISSN 1530-9142 ; 0034-6535 ; 1553-0027
    ISSN (online) 1530-9142
    ISSN 0034-6535 ; 1553-0027
    Database ECONomics Information System

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  10. Book ; Article ; Online: Inequality in socio-emotional skills

    Attanasio, Orazio P. / Blundell, Richard W. / Conti, Gabriella / Mason, Giacomo

    A cross-cohort comparison

    2020  

    Abstract: We examine changes in inequality in socio-emotional skills very early in life in two British cohorts born 30 years apart. We construct comparable scales using two validated instruments for the measurement of child behaviour and identify two dimensions of ...

    Abstract We examine changes in inequality in socio-emotional skills very early in life in two British cohorts born 30 years apart. We construct comparable scales using two validated instruments for the measurement of child behaviour and identify two dimensions of socio-emotional skills: 'internalising' and 'eternalising'. Using recent methodological advances in factor analysis, we establish comparability in the inequality of these early skills across cohorts, but not in their average level. We document for the first time that inequality in socio-emotional skills has increased across cohorts, especially for boys and at the bottom of the distribution. We also formally decompose the sources of the increase in inequality and find that compositional changes explain half of the rise in inequality in externalising skills. On the other hand, the increase in inequality in internalising skills seems entirely driven by changes in returns to background characteristics. Lastly, we document that socio-emotional skills measured at an earlier age than in most of the existing literature are significant predictors of health and health behaviours. Our results show the importance of formally testing comparability of measurements to study skills differences across groups, and in general point to the role of inequalities in the early years for the accumulation of health and human capital across the life course.
    Keywords ddc:330 ; J13 ; J24 ; I14 ; I24 ; C38 ; Inequality ; Socio-emotional skills ; Cohort studies ; Measurement invariance
    Subject code 338
    Language English
    Publisher London: Institute for Fiscal Studies (IFS)
    Publishing country de
    Document type Book ; Article ; Online
    Database BASE - Bielefeld Academic Search Engine (life sciences selection)

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