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Richard Blundell

Richard Blundell

Director of CPP

Richard is Director of the ESRC Centre for the Microeconomic Analysis of Public Policy. He is David Ricardo Chair of Political Economy at University College. A graduate of the University of Bristol and London School of Economics, in 1986 he was appointed Research Director of the Institute for Fiscal Studies (IFS), where he has been Director of the ESRC Centre for the Microeconomic Analysis of Public Policy since its inauguration in 1991. He has held visiting professor positions at UBC, MIT and Berkeley. He holds Honorary Doctorates from the University of St.Gallen, Switzerland; the Norwegian School of Economics, NHH, Bergen, Norway; the University of Mannheim, Mannheim; and the University of Bristol. He was awarded a CBE in the Queen's New Year's Honours List 2006 and a Knighthood in 2014 for services to Economics and Social Science.


In 1995 he was awarded the Yrjö Jahnsson Prize for his work in microeconometrics and the analysis of labour supply, welfare reform and consumer behaviour. In 2000 he was awarded the Econometric Society Frisch Prize Medal for his paper 'Estimating Labour Supply Responses using Tax Reforms'. In 2008 he was the recipient of the Jean-Jacques Laffont Prize given to a high level economist whose research combines both the theoretical and applied aspects of economics.  He was awarded the CES-Ifo Prize in 2010 and the Sandmo Prize in 2011. He was recipient of the IZA Prize in Labor Economics in 2012. He was awarded the 2015 BBVA Foundation Frontiers of Knowledge Prize in Economics. In 2017, he received the Nemmers Prize in Economics.


In 2004 he was President of the European Economics Association. He was President of the Econometric Society in 2006. He was President of the Society of Labor Economics in 2010. He was President of the Royal Economic Society 2011-2013. He is a Fellow of the Econometric Society, Fellow of the British Academy, Honorary Member of the American Economic Association and Honorary Member American Academy of Arts and Science.

His research covers the empirical microeconomic study of consumer, savings and labour supply behaviour. He has studied the relationship between taxation, family labour supply and consumer behavior. He has developed new microeconometric tools for the study of dynamic panel data models and the nonparametric analysis of individual decisions. His published papers have appeared in Econometrica, Review of Economic Studies, American Economic Review, Journal of Political Economy, Quarterly Journal of Economics, Journal of the Royal Statistical Society, Journal of Econometrics, and other top journals. He has been on the editorial board of many academic journals and was editor of the Journal of Econometrics from 1992 to 1997, and co-editor of Econometrica 1997-2001. He is currently an Editorial Board member of Annual Reviews and a founder editor of Microeconomic Insights. He has worked on a number of high profile policy reports most especially on personal tax reform, pension reform and the analysis of inequality.  He was an editor and author of the Mirrlees Review of Tax Reform which reported its findings in 2011. His collected work on Taxation and Labour Supply is published by Oxford University Press in March 2016.

 

Journal articles

Journal article | Journal of Public Economics
We study household income inequality in both Great Britain and the United States and the interplay between labour market earnings and the tax system.
Journal article | Environmental and Resource Economics
We develop an approach to valuing non-market goods using nonparametric revealed preference analysis. We show how nonparametric methods can also be used to bound the welfare effects of changes in the provision of a non-market good.

Working papers

IFS Working Paper WP18/22
We examine changes in inequality in socio-emotional skills very early in life in two British cohorts born 30 years apart. We construct socio-emotional scales comparable across cohorts for both boys and girls, using two validated instruments for the measurement of child behaviour.
Cemmap Working Paper CWP60/17
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.

Presentations

Presentation
This presentation was delivered by Richard Blundell as part of a panel discussion held on 20th September on "What should policy do about low earnings?"
Presentation
Using unique British cohort studies, this presentation unpicks the causal impact of A-levels and University degrees on individual earnings, showing that these ‘returns’ are 50% overestimated if family background and early years ability is ignored.