Measurement

We develop a new direct approach to approximating suprema of general empirical processes by a sequence of suprema of Gaussian processes, without taking the route of approximating whole empirical processes in the supremum norm.

In this paper we evaluate the premise from the recent literature on Monte Carlo studies that an empirically motivated simulation exercise is informative about the actual ranking of various estimators when applied to a particular problem.

A comparison of hazard rates of duration outcomes before and after policy changes is hampered by non-identification if there is unobserved heteogeneity in the effects and no model structure is imposed. We develop a discontinuity approach that overcomes this by exploiting variation in the moment at which different cohorts are exposed to the policy change, i.e. by considering spells crossing the policy change.

The official statistics on the distribution of income and the extent of poverty in the UK in 2011-12 were released on Thursday 13 June 2013. Analysis in this report uses the underlying data.

This paper identifies an entirely different mechanism for long memmory generation by showing that it can naturally arise when a large number of simply linear homogenous economic subsystems with a short memory are interconnected to form a network such that the outputs of each of the subsystem are fed into the inputs of others.

This is a reponse to the UK Government's consultation on defining a new 'multidimensional' measure of child poverty.

This article considers the phenomenon of income inequality.

This paper compares consumption and income as measures of households’ living standards using UK data.