Life-cycle consumption, saving and labour supply
Inequality: Supply and demand of workplace skills
The employment and wage structures are changing rapidly across the developed world. This change is likely to accelerate with the introduction of new advanced technologies related to, for example, AI. In ongoing work we are using some of the excellent data available in the UK to examine the role in the labour market for skills, the demand for which seems to increasing specifically. In particular we examine social skills.
Inequality: Belief heterogeneity and information acquisition
Otherwise identical people often behave in very different ways. For example, we observe substantial variation in rates of saving for retirement. Of several possibilities for explaining this behaviour, one is that individuals have different beliefs about what the future will bring. In this work, we examine heterogeneity in beliefs among older workers about pension reform and see how these beliefs react to information flows coming from the Government and the media.
Household formation over the lifecycle
In this work we examine the determinants of young adults' residency choices. Why and when do they leave their parents homes to start their own families.
Inequality: The role of housing