[…] engaged in a recursive process, evaluating their needs on an issue-by-issue basis. Participants’ progression through this process hinged on four factors: their acknowledgement of decline; the perceived impact of decline on their usual activities and independence; their preparedness to be a recipient of assistance; and, the opportunity to assert their need. In lieu of […]

The negative impact of unemployment on individuals and its spillover to spouses is widely documented. However, we have a gap in our knowledge when it comes to the similar consequences of temporary employment. This is problematic, because although temporary jobs are often considered better alternatives to unemployment for endowing individuals with income and opportunities […]

[…] problems meeting household expenditure. Gender, age, marital status, number of children at home, highest qualification and job status were also significantly implicated. Unlike previous studies however we did not find that size of income was significant. These results provide further strong evidence of the impact that financial concerns have on self-reported measures of psychological well-being.

Fiscal policy measures have complex economic effects. Businesses and consumers may respond by changing their behaviour and these responses can themselves have further economic effects by changing the supply, demand and prices of goods and services. Quantitative assessments of these second-round budgetary effects are those with the highest degree of uncertainty and therefore often at […]

A robust relationship between subjective well-being and mortality has been established in the literature, but few studies address how subjective well-being interacts with the impact of concrete diseases on survival. In addition, issues of endogeneity between bad health and subjective well-being are ignored when it comes to survival. We assess both for the British […]

We evaluate the impact of a randomized educational intervention on children’s intertemporal choices. The intervention aims to improve the ability to imagine future selves and encourages forward-looking behavior using a structured curriculum delivered by children’s own trained teachers. We find that treated students make more patient intertemporal decisions in incentivized experimental tasks. The results […]

[…] that allows for pervasive heterogeneity in the parameters of both processes. Introducing codependence between household income parameters and preference parameters, we also allow for heterogeneity in the impact of income shocks on consumption. We estimate the parameters of the model using a sample from the Panel Study of Income Dynamics, covering the period 1968–2009. […]

This paper studies how monetary policy decisions affect the gender pay gap across UK households through a survey database. The results signify the impact of monetary policy shocks on the gap; monetary authorities’ decisions carry welfare effects for households through their pay income.