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British Household Panel Survey (british + household_panel_survey)
Selected AbstractsFinancial Expectations, Consumption and Saving: A Microeconomic Analysis,FISCAL STUDIES, Issue 3 2006Sarah Brown Abstract We explore the determinants of individuals' financial expectations using data from the British Household Panel Survey, 1991,2003. Our findings suggest that individuals' financial predictions are influenced by both the life cycle and the business cycle. We also investigate the extent to which the accuracy of past financial expectations affects current financial expectations. Regardless of the accuracy of the prediction, past financial optimism has a positive effect on current expectations formation whilst past financial pessimism has a negative effect. We also explore the relationship between financial realisations and expectations and we find that expectations tend to fall short of financial realisations. Finally, we investigate how financial expectations influence saving and consumption. Our findings suggest that financial optimism is inversely associated with saving and that current financial expectations serve to predict future consumption. [source] Voluntary Contributions to Personal Pension Plans: Evidence from the British Household Panel SurveyFISCAL STUDIES, Issue 4 2000Alessandra Guariglia Abstract In this paper, we use data from the British Household Panel Survey (BHPS) for the years 1992 to 1998 to study the determinants of saving in the form of voluntary contributions to personal pension plans (PPPs). We first estimate a probit model with selection for the probability of making these voluntary contributions. We then estimate a random-effects tobit regression for the amounts contributed and compare the results with those of a similar regression for conventional saving. Our findings suggest that voluntary contributions to PPPs are made essentially for retirement purposes, whereas conventional saving is undertaken for precautionary motives. The former type of saving is thus unlikely to offset the latter completely. [source] Measuring health polarization with self-assessed health dataHEALTH ECONOMICS, Issue 9 2007Benedicte ApoueyArticle first published online: 20 AUG 200 Abstract This paper proposes an axiomatic foundation for new measures of polarization that can be applied to ordinal distributions such as self-assessed health (SAH) data. This is an improvement over the existing measures of polarization that can be used only for cardinal variables. The new measures of polarization avoid one difficulty that the related measures for evaluating health inequalities face. Indeed, inequality measures are mean based, and since only cardinal variables have a mean, SAH has to be cardinalized to compute a mean, which can then be used to calculate an inequality measure. In contrast, the new polarization measures are median based and hence do not require to impose cardinal scaling on the categories. After deriving the properties of these new polarization measures, we provide an empirical illustration using data from the British Household Panel Survey that demonstrates that SAH polarization is also a relevant question on empirical grounds, and that the polarization measures are adequate to evaluate polarization phenomena whereas inequality measures are not adequate in these cases. Copyright © 2007 John Wiley & Sons, Ltd. [source] Latent class models for use of primary care: evidence from a British panelHEALTH ECONOMICS, Issue 9 2005Teresa Bago d'Uva Abstract This paper models access to and utilisation of primary care using data from the British Household Panel Survey for the period 1991,2001. A latent class panel data framework is adopted to model individual unobserved heterogeneity in a flexible way. Accounting for the panel structure of the data leads to a substantial improvement in fit, and permits the identification of latent classes of users of health care. Analysis by gender shows that men and women respond differently to some factors, in particular, to age and income. There is evidence of a positive impact of income on the probability of seeking primary care. This effect is especially significant in the case of women. For both genders, the marginal effect of income on the propensity to visit a GP is greater for individuals who are less likely to seek primary care. A latent class aggregated count data model for the number of GP visits classifies individuals in three latent classes and shows a positive income effect particularly amongst those with lower levels of utilisation. Copyright © 2005 John Wiley & Sons, Ltd. [source] Are household subjective forecasts of personal finances accurate and useful?JOURNAL OF FORECASTING, Issue 8 2009A directional analysis of the British Household Panel Survey Abstract The purpose of the paper is to analyse the accuracy and usefulness of household subjective forecasts of personal finance. We use non-parametric directional analysis to assess the subjective forecasts which are based on qualitative judgments. Using the British Household Panel Survey (BHPS) we are able to analyse a large number of individuals over a number of years. We also take into account individual characteristics such as gender, age, education and employment status when assessing their subjective forecasts. The paper extends the existing literature in two ways: the accuracy and usefulness of subjective forecasts, based on directional analysis, are assessed at the household level for the first time. Secondly, we adapt and extend the methods of directional analysis, which are applied to the household panel or longitudinal survey. Copyright © 2008 John Wiley & Sons, Ltd. [source] Family Disruption and Support in Later Life: A Comparative Study Between the United Kingdom and ItalyJOURNAL OF SOCIAL ISSUES, Issue 4 2007Cecilia Tomassini Global population aging has led to considerable disquiet about future support for frail older people; however, the determinants are poorly understood. Moreover, most industrialized societies have witnessed considerable changes in family behavior (e.g., rises in divorce and declining fertility). Such trends may have adversely affected the support systems of older people; nonetheless, only recently has research begun to address this issue. Employing data from the longitudinal British Household Panel Survey (1991,2003) and the 1998 Indagine Multiscopo sulle Famiglie "Famiglia, soggetti sociali e condizione dell'infanzia," we investigated the association between family disruptions due to divorce, separation, or death and three key dimensions of informal support: (i) frequency of contact with unrelated friends (among all respondents aged 65 years and over); (ii) co-residence with children (among unmarried mothers aged 65 years and over); and (iii) regular or frequent help received from children (e.g., household assistance including care) among parents aged 65 years and over. In addition, we conducted a comparative investigation of the relationship between family disruptions and the use of home care services (i.e., health visitor or district nurse; home help; meals-on-wheels) among parents aged 65 years and over. Our findings suggest that in a culture like the U.K.'s, where relations between kin are primarily influenced by individualistic values, support in later life appears to be primarily related to need, whereas in societies with a strong familistic culture (like Italy's), support is received irrespective of the older person's individual characteristics. [source] Does Public Service Motivation Adapt?KYKLOS INTERNATIONAL REVIEW OF SOCIAL SCIENCES, Issue 2 2010Yannis Georgellis SUMMARY Theoretical arguments highlight the importance of Public Service Motivation (PSM) in underpinning employment relationships in the public sector, mainly based on the presumption that many aspects of public service provision are non-contractible. Consequently, hiring workers who are public service, or pro-socially, motivated helps to overcome incentive problems and to increase organizational efficiency, thus reducing the need for high-powered incentives. However, such an argument would be undermined should workers' pro-social or intrinsic motivation dissipates rapidly with job tenure. Based on longitudinal data from the British Household Panel Survey (BHPS), we explore patterns of overall and domain satisfaction measures for workers who made the transition from private to public sector employment. We are particularly interested in finding out whether any possible boost in satisfaction with the nature of the work itself, our proxy for pro-social or Public Service Motivation (PSM), associated with accepting public sector employment dissipates following the transition into public sector employment. Our results reject the hypothesis of a rapid and complete adaptation of PSM back to baseline or pre-transition levels. Interestingly, this is not the case for public to private or for within-sector transitions, which result in a short-lived increase in intrinsic motivation. This is welcome evidence for the advocates of the benefits of having pro-socially or intrinsically motivated people working in the public sector. [source] Intergenerational Transmission of Fertility Patterns,OXFORD BULLETIN OF ECONOMICS & STATISTICS, Issue 2 2009Alison L. Booth Abstract Recent studies by economists have focused on cultural transmission from the origin country rather than the origin family. Our paper extends this research by investigating how family-specific,cultural transmission' can affect fertility rates. Following Machado and Santos Silva [Journal of the American Statistical Association (2005) Vol. 100, p. 1226] and Miranda [Journal of Population Economics (2008) Vol. 21, p. 67], we estimate count data quantile regression models using the British Household Panel Survey. We find that a woman's origin-family size is positively associated with completed fertility in her destination family. A woman's country of birth also matters for her fertility. For a sub-sample of continuously partnered men and women, both partners' origin-family sizes significantly affect destination-family fertility. [source] Inter-industry Wage Differences and Individual Heterogeneity,OXFORD BULLETIN OF ECONOMICS & STATISTICS, Issue 5 2004Alan Carruth Abstract Two well-established findings are apparent in the analyses of individual wage determination: cross-section wage equations can account for less than half of the variance in earnings and there are large and persistent inter-industry wage differentials. We explore these two empirical regularities using longitudinal data from the British Household Panel Survey (BHPS). We show that around 90% of the variation in earnings can be explained by observed and unobserved individual characteristics. However, small , but statistically significant , industry wage premia do remain, and there is also a role for a rich set of job and workplace controls. [source] Does Measurement Error Bias Fixed-effects Estimates of the Union Wage Effect?OXFORD BULLETIN OF ECONOMICS & STATISTICS, Issue 4 2001Joanna K. Swaffield This paper compares estimates of the union wage effect using cross-section and panel estimators for male manual full-time and female employees using data from the British Household Panel Survey, 1991-1997. A comparison of cross-section and panel estimates suggests that unobserved heterogeneity biases cross-section estimates upwards. However, it is also found that the divergence between estimates is overstated because measurement error biases the fixed-effects estimates downward. Reducing measurement error in the union variable by taking averages and restricting changes in union status to occur only when a change in employer and/or job takes place increases fixed-effects estimates of the union wage effect. [source] Inter-Industry Wage Differentials in Great BritainOXFORD BULLETIN OF ECONOMICS & STATISTICS, Issue 2000Andrew Benito The paper considers the determination of earnings of private sector employees in Great Britain, focusing upon the importance of industry affiliation in this process. Whilst cross-sectional estimates, using waves 1 to 4 of the British Household Panel Survey, suggest industry status is of considerable importance, much of this variation is removed by estimating earnings equations by fixed effects methods. Estimated differentials are not inversely related to the steepness of age-earnings pro(r)les in an industry, do not appear to vary over time and are positively related to industry profitability. [source] Time allocation within the Family: Welfare implications of life in a couple,THE ECONOMIC JOURNAL, Issue 516 2007Hélène Couprie A collective model of leisure demand, generalised to the production of a household public good, is estimated on the British Household Panel Survey. The sharing rule is identified by using an original parametric framework based on the change of family status: from single-living to couple or from couple to single-living. Womens' ratios of private household expenditures are 40% on average. The level of intra-household inequality appears highly dependent on the intra-household wage gap. Omitting household production in the model would overestimate the ratio by 7 percentage points on average. [source] Intergenerational Mobility and Marital Sorting,THE ECONOMIC JOURNAL, Issue 513 2006John Ermisch We use data from the German Socio-Economic Panel and the British Household Panel Survey to estimate the extent of intergenerational economic mobility in a framework that highlights the role played by assortative mating. We find that assortative mating plays an important role. On average about 40,50% of the covariance between parents' and own permanent family income can be attributed to the person to whom one is married. This effect is driven by strong spouse correlations in human capital, which are larger in Germany than Britain. [source] The Retirement-Consumption Puzzle and Involuntary Early Retirement: Evidence from the British Household Panel Survey,THE ECONOMIC JOURNAL, Issue 510 2006Sarah Smith This article uses data from the British Household Panel Survey (BHPS) to shed further light on the fall in consumption at retirement (the ,retirement-consumption puzzle'). Comparing food spending of men retiring involuntarily early (through ill health or redundancy) with spending of men who retire voluntarily, it finds a significant fall in spending only for those who retire involuntarily. This is consistent with the observed fall in spending being linked to a negative wealth shock for some retirees. [source] THE PATTERN AND EVOLUTION OF GEOGRAPHICAL WAGE DIFFERENTIALS IN THE PUBLIC AND PRIVATE SECTORS IN GREAT BRITAIN,THE MANCHESTER SCHOOL, Issue 4 2007DAVID BELL Government policy on the nature of wage bargaining in the public sector can have important implications for the provision of public services. Using the New Earnings Survey, the Labour Force Survey and the British Household Panel Survey, we examine the size and evolution of public,private sector wage differentials across geographical areas within the UK and over time. Public sector bargaining structures have led to historically high wage premia, although these premia are declining over time. In high-cost low-amenity areas, such as the south-east of England, the public sector underpays relative to the private sector, therefore creating problems in recruitment to and provision of public services. Public sector labour markets are around 40 per cent as responsive to area differences in amenities and costs as are private sector labour markets. Differences in the degree of spatial variation between sectors are likely to remain, leading to persistent problems for the delivery of public services in some parts of the UK. Reform of public sector pay structures is likely to be costly, and so other non-pay policies need to be considered to increase the attractiveness of public sector jobs. [source] WAGE GROWTH, HUMAN CAPITAL AND FINANCIAL INVESTMENT,THE MANCHESTER SCHOOL, Issue 6 2005SARAH BROWN The aim of this paper is to explore the relationship between wage growth, human capital and investment in financial assets at the individual level. We investigate this relationship using data from five waves of the British Household Panel Survey. We exploit panel data enabling us to determine the change in real wages experienced by individuals across four different time horizons, 1995,96, 1995,98, 1995,1700 and 1700,1. Our findings support a positive association between financial assets and wage growth with this relationship becoming more pronounced over time. In addition, our results suggest that investment in financial assets is positively associated with returns to human capital investment. [source] Caught in a Trap?ECONOMICA, Issue 268 2000Wage Mobility in Great Britain: 197 In this paper I study wage mobility in Great Britain using the New Earnings Surveys of 1975,94 and the British Household Panel Surveys of 1991,94. Measuring mobility in terms of decile transition matrices, I find a considerable degree of immobility within the wage distribution from one year to the next. Mobility is higher when measured over longer time periods. Those in lower deciles in the wage distribution are much more likely to exit into unemployment and non-employment. Measuring mobility by studying changes in individuals' actual percentile rankings in the wage distribution, I find evidence that short-run mobility rates have fallen since the late 1970s. This has potentially important welfare implications, given the rise in cross-section earnings inequality observed over the last two decades. [source] | ||||||||||