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Title: Essays on consumption and labour supply over the life-cycle
Author: Levell, Peter
ISNI:       0000 0004 7970 7155
Awarding Body: UCL (University College London)
Current Institution: University College London (University of London)
Date of Award: 2019
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This thesis contains six self-contained chapters on the microeconomics of household consumption and labour supply behaviour, an introduction and a conclusion. Chapter 1 provides an introduction. Chapters 2 and 3 address issues of measurement. The first of these considers the quality of household budget surveys relative to the national accounts. The second considers how we measure the inflation (with a focus on how price changes should be calculated across goods for which there is no corresponding spending data). The following two chapters discuss consumption patterns at older ages. Chapter 4 discusses spending declines in two countries - the US and the UK - and the role of medical expenses in accounting for these differences. Chapter 5 attempts to shed light on long-standing puzzles surrounding consumption around retirement using non-parametric, 'revealed preference' tests of different models of consumption behaviour over the life-cycle. The Chapters 6 and 7 examine how consumers' spending and labour supply choices are affected by changes in their economic environment. Chapter 6 looks how households responses to house price changes are affected by their initial leverage. Chapter 7 looks at how women's labour supply responds to changes in wages along both intensive and extensive margins. Chapter 8 concludes.
Supervisor: Not available Sponsor: Not available
Qualification Name: Thesis (Ph.D.) Qualification Level: Doctoral
EThOS ID:  DOI: Not available