LONDON WCIE 6BT Wealth Portfolios in the UK and the US (2009)
James Banks, Richard Blundell, James P Smith, James Banks, Richard Blundell, James P. Smith
Banks acknowledges the financial support of the Leverhulme Trust through the research program ‘The Changing Distribution of consumption, economic resources and the welfare of households’....
Kapteyn, Arie, Smith, James P., Van Soest, Arthur, Banks, James
Many western industrialized countries face strong budgetary pressures due to the aging of the baby boom generations and the general trends toward earlier ages of retirement. The commonality of these...
In common with other OECD countries, the UK experienced more than two decades of declining labour-market activity among older men from the 1970s to the early 1990s, a trend that has only recently...
The internationalisation of public welfare policy (2005)
Banks, James, Disney, Richard, Duncan, Alan, Van Reenen, John
The internationalisation of public welfare policy (2005)
Banks, James, Disney, Richard, Duncan, Alan, Van Reenen, John
The internationalisation of public welfare policy (2005)
Banks, James, Disney, Richard, Duncan, Alan, Van Reenen, John
The internationalisation of public welfare policy (2004)
Banks, James, Disney, Richard, Duncan, Alan, Van Reenen, John
With increasing globalisation of knowledge, there are increased opportunities to 'learn' from the experience of policy interventions elsewhere. This paper presents evidence on the extent of...
The internationalisation of public welfare policy (2004)
Banks, James, Disney, Richard, Duncan, Alan, Van Reenen, John
With increasing globalisation of knowledge, there are increased opportunities to 'learn' from the experience of policy interventions elsewhere. This paper presents evidence on the extent of...
The internationalisation of public welfare policy (2004)
Banks, James, Disney, Richard, Duncan, Alan, Van Reenen, John
With increasing globalisation of knowledge, there are increased opportunities to 'learn' from the experience of policy interventions elsewhere. This paper presents evidence on the extent of...
International Comparisons of Work Disability (2004)
Banks, James, Kapteyn, Arie, Smith, James P, Van Soest, Arthur
Self-reported work disability is analyzed in the US, the UK and the Netherlands. Different wordings of the questions lead to different work disability rates. But even if identical questions are...
Attanasio, Orazio P., Banks, James, Wakefield, Matthew
Partout dans le monde se pose la question des mesures à prendre pour assurer un niveau suffisant d¿épargne retraite des ménages. Les États-Unis et le Royaume-Uni ont été à l¿avant-garde des...
UK Household Portfolios (2000)
James Banks, James Banks, Sarah Smith, Sarah Smith
This paper presents a detailed analysis of the composition of household portfolios, using both aggregate and micro-data. Among the key findings are that:
Strom Thurmond and the revolt against modernity /--by James Banks. (1980)
Photocopy of typescript original.
Vita.
Strom Thurmond and the revolt against modernity. (1970)
Thesis (doctoral)--Kent State University.
Strom Thurmond and the revolt against modernity [microform] / (1970)
Thesis (Ph. D.)--Kent State University, 1970.
A stability analysis of a nonlinear system. (1968)
Thesis (M.S.)--San Diego State College, 1968.
Like other OECD countries, the UK experienced more than two decades of declining labour market activity among older men in the 1970s, 1980s and early 1990s. A number of measures to reverse this trend...
Is there a retirement-savings puzzle?
James Banks, Richard Blundell, Sarah Tanner
In this paper we ask whether households are saving enough for their retirement. We use data on income, expenditure and expenditure components to analyse patterns of behaviour at and around the time...
Income uncertainty and consumption growth in the UK
James Banks, Richard Blundell, Agar Brugiavini
There is much interest in the importance of 'precautionary saving' - the degree to which uncertainty affects household consumption behaviour. In this paper we use household level data on income and...
Grossing up Family Expenditure Survey data for use in international accounts
James Banks, Sarah Tanner, Steven Webb
In this paper we show how estimates of aggregate spending in the UK would be affected by using grossing weights that take account of the known dimensions of non-representativeness of the Family...
Like other OECD countries, the UK experienced more than two decades of declining labour market activity among older men in the 1970s, 1980s and early 1990s. A number of measures to reverse this trend...
James Banks, Carl Emmerson, Zoë Oldfield
This paper provides a detailed analysis of individuals in households in England aged between 50 and the State Pension Age in terms of their private pension arrangements and current non-pension assets...
Humps and bumps in lifetime consumption
Orazio Attanasio, James Banks, Costas Meghir, Guglielmo Weber
There is much debate over whether the life-cycle model of consumption can explain consumption growth patterns patterns observed in household level data sources. We argue that once one departs from...
Understanding pensions: cognitive function, numerical ability and retirement saving
As the degree to which individuals are expected to provide their own resources for retirement increases, there is a correspondingly increasing importance of individuals being able to understand the...
Orazio Attanasio, James Banks, Matthew Wakefield
The adequacy of household saving for retirement has become a policy issue all around the world. The UK and US have been in the vanguard of those countries that have tried to encourage retirement...
Asset Holding and Consumption Volatility
Orazio P. Attanasio, James Banks, Sarah Tanner
We investigate the possibility that limited participation in asset markets, and the stock market in particular, might explain the lack of correspondence between the sample moments of the...
The Internationalisation of Public Welfare Policy
James Banks, Richard Disney, Alan Duncan, John Van Reenen
With increasing globalisation of knowledge, there are increased opportunities to 'learn' from the experience of policy interventions elsewhere. This paper presents evidence on the extent of...
In common with other OECD countries, the UK experienced more than two decades of declining labour-market activity among older men from the 1970s to the early 1990s, a trend that has only recently...
Is there a retirement savings puzzle?
James Banks, Richard Blundell, Sarah Tanner
This paper addresses whether households save enough for their retirement. For successive date-of-birth cohorts the authors analyze income and expenditure patterns around the time of retirement. They...
Economic capabilities, choices and outcomes at older ages
Intense policy and academic interest in the 'economics of ageing' has come about as a result of the demographic trends that have been experienced over the last 50 years and that are projected for the...
The Balance Between Defined Benefit, Defined Contribution, and State Provision
James Banks, Richard Blundell, Carl Emmerson
We examine the possible consequences of the increasing shift from Defined Benefit to Defined Contribution arrangements for private pensions. Whilst much analysis has focused on the possible...
The SES Health Gradient on Both Sides of the Atlantic
James Banks, Michael Marmot, Zoë Oldfield, James P. Smith
In this paper we investigate the size of health differences that exist among men in England and the United States and how those differences vary by Socio Economic Status (SES) in both countries....
Arie Kapteyn, James Smith, Arthur Van Soest, James Banks
Many western industrialized countries face strong budgetary pressures due to the aging of the baby boom generations and the general trends toward earlier ages of retirement. The commonality of these...
The Impact of Income Shocks on Health: Evidence from Cohort Data
We study the effect of permanent income innovations on health for a prime-aged population. Using information on more than half a million individuals sampled over a twenty-five year period in three...
Looking for Private Information in Self-Assessed Health
James Banks, Thomas Crossley, Simo Goshev
The paper investigates whether self-assessed health status (SAH) contains information about future mortality and morbidity, beyond the information that is contained in standard "observable"...
Housing Price Volatility and Downsizing in Later Life
James Banks, Richard Blundell, Zoë Oldfield, James P. Smith
In this paper, we modeled several types of housing transitions of the elderly in two countries -- Britain and the United States. One important form of these transitions involves downsizing of housing...
International Comparisons of Work Disability
Banks, James, Kapteyn, Arie, Smith, James P., Van Soest, Arthur
Self-reported work disability is analyzed in the US, the UK and the Netherlands. Different wordings of the questions lead to different work disability rates. But even if identical questions are...
What Can We Learn from Generational Accounts for the United Kingdom?
Banks, James, Disney, Richard, Smith, Zoe
This paper considers the relevance of a set of generational accounts in informing policy debate in the UK. With regard to transparency, Generational Accounts can, under sensible assumptions, provide...
Tax Reform and Welfare Measurement: Do We Need Demand System Estimation?
Banks, James, Blundell, Richard, Lewbel, Arthur
The exact measurement of the welfare costs of tax and price reform requires a detailed knowledge of individual preferences. Typically, first-order approximations of welfare costs are calculated...
Equivalence Scale Relativities Revisited.
Recent studies have assessed the impact of choice of equivalence scale on economists' measurement of the equivalent income distribution. F. A. E. Coulter, F. Cowell, and S. Jenkins (1992) has found...
Financial wealth in later life: evidence from BHPS data
Banks, James, Zoe Smith, Matt Wakefield
This paper examines evidence from the British Household Panel Survey on the distribution of financial wealth amongst benefit units in 1995 and 2000, and in particular focuses on older individuals as...
Private pension arrangements and retirement in Britain
This paper looks at the policy debate surrounding private pensions and retirement patterns in the UK. Recent increases in longevity have led not only to increased pressures in public pensions but...
State pensions and the well-being of the elderly in the UK
James Banks, Richard Blundell, Carl Emmerson, Zoë Oldfield
This paper presents the trends seen over the last quarter of the 20th Century in various indicators of the well-being of the elderly alongside those seen for the young. Specifically we look at...
Estimating pension wealth of ELSA respondents
James Banks, Carl Emmerson, Gemma Tetlow
This paper explains the methodology used for calculating pension wealth for all individuals in the first wave of the English Longitudinal Study of Ageing (ELSA). We focus on the pension wealth of...
The distribution of financial wealth in the UK: evidence from 2000 BHPS data
James Banks, Zoë Oldfield, Matthew Wakefield
This paper examines evidence from the British Household Panel Study on the distribution of financial wealth amongst benefit units in 2000. It also provides some analysis of the links between...
Understanding the relative generosity of government financial support for families with children
The principal of horizontal equity can be interpreted as requiring that households with the same pre-transfer incomes and the same consumption needs should receive the same post-transfer incomes. We...
Wealth inequality in the United States and Great Britain
James Banks, Richard Blundell, James P. Smith
In this paper we describe the household wealth distribution in the US and UK, and compare both wealth inequality and the form in which wealth is held. Unconditionally, there are large differences in...
Household portfolios in the UK
This paper presents a detailed analysis of the composition of household portfolios, using both aggregate and micro-data. Among the key findings are that: Most household wealth is held in the form of...
Risk pooling, precautionary saving and consumption growth
James Banks, Richard Blundell, Agar Brugiavini
In this paper we model the evolution ofincome risk and consumption growth.We decompose the time series innovation of the income process intoits common and cohort-specific components. From these we...
Trends in household saving: a tale of two countries
In this paper we argue that only when one uses data and arguments relating to the life-time experiences of individuals or households within an economy can one understand recent trends and patterns in...
The SES health gradient on both sides of the Atlantic
James Banks, Michael Marmot, Zoë Oldfield, James Smith
In this paper we investigate the size of health differences that exist among men in England and the United States and how those differences vary by Socio-Economic Status (SES) in both countries....
Trends in household saving don't justify tax incentives to boost saving
"Despite diverse trends in household saving in OECD countries, many governments are introducing tax incentives designed to boost saving by particular groups. Such schemes have been justified by many...
The impact of income shocks on health: evidence from cohort data
We study the effect of permanent income innovations on health for a prime-aged population. Using information on more than half a million individuals sampled over a twenty-five year period in three...
Looking for private information in self-assessed health
James Banks, Thomas Crossley, Simo Goshev
The paper investigates whether self-assessed health status (SAH) contains information about future mortality and morbidity, beyond the information that is contained in standard “observable”...
Arie Kapteyn, James P. Smith, Arthur Van Soest, James Banks
Many western industrialized countries face strong budgetary pressures due to the aging of the baby boom generations and the general trends toward earlier ages of retirement. The authors use the...
Looking for Private Information in Self-Assessed Health
James Banks, Thomas Crossley, Simo Goshev
The paper investigates whether self-assessed health status (SAH) contains information about future mortality and morbidity, beyond the information that is contained in standard “observable”...
The Impact of Income Shocks on Health: Evidence from Cohort Data
Adda, Jérôme, Banks, James, Von Gaudecker, Hans-Martin
We study the effect of permanent income innovations on health for a prime-aged population. Using information on more than half a million individuals sampled over a twenty-five year period in three...
Better prepared for retirement? Using panel data to improve wealth estimates of ELSA respondents
James Banks, Carl Emmerson, Gemma Tetlow
We compare the key assumptions underpinning estimates of the pension wealth of ELSA respondents to outcomes over the period from 2002-03 to 2004-05. We find that many of these assumptions have, on...
Risk Pooling, Precautionary Saving and Consumption Growth.
Banks, James, Blundell, Richard, Brugiavini, Agar
In this paper we model the evolution of income risk and consumption growth. We decompose the time series innovation of the income process into its common and cohort-specific components. From these we...
Is There a Retirement-Savings Puzzle?
Banks, James, Blundell, Richard, Tanner, Sarah
This paper addresses whether households save enough for their retirement. For successive date-of-birth cohorts the authors analyze income and expenditure patterns around the time of retirement. They...
The SES Health Gradient on Both Sides of the Atlantic
James Banks, Michael Marmot, Zoë Oldfield, James P. Smith
Looking across many diseases, average health among mature men is much worse in America compared to England. Second, there exists a steep negative health gradient for men in both countries where men...
Understanding Differences in Household Financial Wealth between the United States and Great Britain
James Banks, Richard Blundell, James P. Smith
In this paper, we describe the household wealth distribution in the United States and United Kingdom over the past two decades, and compare both wealth inequality and the form in which wealth is...
James Banks, Arie Kapteyn, James P. Smith, Arthur Van Soest
This paper investigates the role of pain in determining self-reported work disability in the US, the UK, and The Netherlands. Even if identical questions are asked, cross-country differences in...
The Internationalisation of Public Welfare Policy
James Banks, R Disney, Alan Duncan, John Van Reenen
With increasing globalisation of knowledge, there are increased opportunities to 'learn' from the experience ofpolicy interventions elsewhere. This paper presents evidence on the extent of...
Public and private pension spending: principles, practice and the need for reform
This paper surveys the issue of public spending on pensions. Drawing on evidence from systems around the world, but particularly in Britain, we outline the arguments for different types of public and...
Savings and wealth in the UK: evidence from micro-data
The late 1980s saw a dramatic fall in personal saving rates in Britain and the United States which attracted the attention of academics and policymakers alike. The period was also marked by a number...
Adult equivalence scales: a life-cycle perspective
James Banks, Richard Blundell, Ian Preston
In any policy-orientated study of family welfare, it is inevitable that some comparison of welfare between households with different compositions will be required, and the theory of (adult)...
What can we learn about pension reform from Generational Accounts for the UK?
James Banks, Richard Disney, Zoë Oldfield
This paper considers the relevance of a set of generational accounts in informing policy debate in the UK. With regard to transparency, Generational Accounts can, under sensible assumptions, provide...
Modelling voluntary labour supply
Recent studies have found a negative relationship between voluntary labour market activity and the opportunity cost of time, measured by the individual’s net wage. We argue that the observed...
Asset holding and consumption volatility
Orazio Attanasio, James Banks, Sarah Tanner
Recent studies have explored the possibility that limited participation in asset markets, and the stock market in particular, might explain the lack of correspondence between the sample moments of...
Quadratic Engel Curves And Consumer Demand
James Banks, Richard Blundell, Arthur Lewbel
This paper presents a model of consumer demand that is consistent with the observed expenditure patterns of individual consumers in a long time series of expenditure surveys and is also able to...
International Comparisons of Work Disability
James Banks, Arie Kapteyn, James P. Smith, Arthur Van Soest
Self-reported work disability is analyzed in the US, the UK and the Netherlands. Different wordings of the questions lead to different work disability rates. But even if identical questions are...
James Banks, Arie Kapteyn, James P. Smith, Arthur Van Soest
This paper investigates the role of pain in determining self-reported work disability in the U.S., the U.K. and The Netherlands. Even if identical questions are asked, cross-country differences in...
Financial Wealth Inequality in the United States and Great Britain
James Banks, Richard Blundell, James P. Smith
In this paper the authors describe the household wealth distribution in the U.S. and the U.K., and compare both wealth inequality and the form in which wealth is held. Unconditionally, there are...
Humps and Bumps in Lifetime Consumption
Orazio P. Attanasio, James Banks, Costas Meghir, Guglielmo Weber
In this paper we argue that once one departs from the simple classroom example, or `stripped down life-cycle model,' the empirical model for consumption growth can be made flexible enough to fit the...
Asset Holding and Consumption Volatility
Orazio Attanasio, James Banks, Sarah Tanner
Recent studies have explored the possibility that limited participation in asset markets, and the stock market in particular, might explain the lack of correspondence between the sample moments of...
Wealth Portfolios in the UK and the US
James Banks, Richard Blundell, James P. Smith
In this paper, we attempt to explain differences between the US and UK household wealth distributions, with an emphasis on the quite different porfolios held in stock and housing equities in the two...
James Banks, Arie Kapteyn, James P. Smith, Arthur Van Soest
This paper investigates the role of pain in determining self-reported work disability in the US, the UK and The Netherlands. Even if identical questions are asked, cross-country differences in...
The SES Health Gradient on Both Sides of the Atlantic
James Banks, Michael Marmot, Zoe Oldfield, James P. Smith
Looking across many diseases, average health among mature men is much worse in America compared to England. Second, there exists a steep negative health gradient for men in both countries where men...
Arie Kapteyn, James P. Smith, Arthur Van Soest, James Banks
Many western industrialized countries face strong budgetary pressures due to the aging of the baby boom generations and the general trends toward earlier ages of retirement. We use the American PSID...
Understanding Differences in Household Financial Wealth between the United States and Great Britain
James Banks, Richard Blundell, James P. Smith
In this paper, we describe the household wealth distribution in the United States and United Kingdom over the past two decades, and compare both wealth inequality and the form in which wealth is...