School of Economics: Recent submissions
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The Career Costs of Children
Published 2011-11-01This paper analyzes the life-cycle career costs associated with child rearing and decomposes their effects into unearned wages (as women drop out of the labor market), loss of human capital, and selection into more ...Open AccessWorking Paper -
Keynes’s economics and the question of public debt
Published 2012-01-04The Global Financial Crisis generated renewed interest in the relevance of John Maynard Keynes’s economic policy proposals, particularly those related to budget deficits, public debt and government expenditure. ‘Keynesian’ ...Open AccessThesis -
Impure Altruism and the Volunteering Puzzle
Published 2011-12-07There have been few attempts to model the behavioural microfoundations of charitable giving, particularly with regard to the choice between giving money and volunteering. An hour of a volunteer’s time is usually of a lower ...Open AccessThesis -
The Macroeconomic Effects of Quantitative Easing
Published 2011-12-07The recent crisis has raised two key macroeconomic issues. First, has the quantitative easing policy pursued by the Federal Reserve had an effect on output, employment and prices? Second, whether ‘quantitative easing,’ is ...Open AccessThesis -
More lottery tickets than milk and no money in the bank
Published 2011-12-07A significant proportion of US households have insufficient savings to cope with even moderate consumption shocks that can result in substantial externalities. At the same time, the most financially fragile households have ...Open AccessThesis