Marriage Market Counterfactuals Using Matching Models

in Economica (2022), 89(353), 29-43

Assessing Individual Income Growth

in Economica (2016), 83(332), 679-703

We develop methods for describing distributions of income growth across individuals and for comparing changes in growth distributions over time. The methods include graphical devices (‘income growth ... [more ▼]

We develop methods for describing distributions of income growth across individuals and for comparing changes in growth distributions over time. The methods include graphical devices (‘income growth profiles’) and dominance conditions, and also summary indices, together with associated methods of estimation and inference. Taking an explicitly longitudinal perspective, our approach illuminates clearly who are the gainers and the losers, and also provides distributionally-sensitive assessments—ones that allow the income growth for different individuals to be weighted differently. Our empirical application shows that the pattern of income growth in Britain over the period 1992–6 was less pro-poor than that for 1998–2002, and not significantly different from the pattern for 2001–5. [less ▲]

A General Equilibrium Analysis of Personal Bankruptcy Law.

in Economica (2015)

Individual Well-Being in a Dynamic Perspective

in Economica (2012), 79

We explore the determinants of individual wellbeing as measured by self-reported levels of satisfaction with income and life. Making use of the German Socio-Economic Panel, we provide empirical evidence ... [more ▼]

We explore the determinants of individual wellbeing as measured by self-reported levels of satisfaction with income and life. Making use of the German Socio-Economic Panel, we provide empirical evidence for wellbeing depending on absolute and relative income levels in a dynamic framework where status and signal effects play a role. This finding holds after controlling for other factors in a multivariate setting. The main novelty is the consideration of dynamic aspects: the individual’s own history and the relative income performance with respect to other society members play major roles in the assessment of individual wellbeing. [less ▲]