Reservation Wages, Labour Market Participation and Health

The concept of the reservation wage has played an important role in labour market theory; particularly in models of job search, labour supply and labour market participation. Despite this core theoretical role, there is a scarcity of empirical research which explores the setting of reservation wages at the individual level. In this paper, we focus on the determinants of reservation wages, with a particular focus on health, which has attracted very little attention despite its importance from a policy perspective. We use data for males from 14 waves of the British Household Panel Survey and estimate an endogenous switching model which predicts reservation wages for the unemployed and market wages for the employed. We employ methods to deal with the endogeneity of health, measurement errors in our self reported health variable and selection into economic activity. Our results suggest that health is an important determinant of selection, both into economic activity and into employment (versus unemployment) but that, once these participation effects are accounted for, health is not a significant determinant of either the reservation wage or the market wage. This casts doubt on the results of a number of previous studies that have failed to appropriately account for selection in models of male wages. Our results have important policy implications since they suggest that poor health is a major cause of economic inactivity

The gender reservation wage gap: evidence from British panel data

Our findings suggest the existence of a gender reservation wage gap, with a differential of around 10%. The presence of children, particularly pre-school age children, plays an important role in explaining this differential. For individuals without children, the explained component of the differential is only 5%, which might indicate that perceived discrimination in the labour market influences the reservation wage setting of females

STATE-LEVEL ANALYSIS OF NATIONAL BEEF POLICY: THE USE OF STATE ECONOMETRIC MODELS

Interest has grown in analyzing the impact of national imports of foreign beef on state agricultural sectors. In this study, an interfaced Hawaiian-national model is simulated for a change in national beef imports. Hawaiian and national impacts demonstrate wide variation in both sign and magnitude. Usefulness of state models is emphasized for situations where state impacts of national policies are of interest.Agricultural and Food Policy,

THE EFFECTS OF ALTERNATIVE BEEF IMPORT QUOTA REGIMES ON THE BEEF INDUSTRIES OF THE AGGREGATE UNITED STATES AND HAWAII

The effects of the 1964 and 1979 beef import laws on the beef industries of the aggregate United States and Hawaii are simulated for 1972-81 by linking Hawaii and national econometric models. Although impacts are slight for both models, Hawaii beef prices and production appear to be less affected by changes in beef import rules.International Relations/Trade, Livestock Production/Industries,

Analytical stability and simulation response study for a coupled two-body system

An analytical stability study and a digital simulation response study of two connected rigid bodies are documented. Relative rotation of the bodies at the connection is allowed, thereby providing a model suitable for studying system stability and response during a soft-dock regime. Provisions are made of a docking port axes alignment torque and a despin torque capability for encountering spinning payloads. Although the stability analysis is based on linearized equations, the digital simulation is based on nonlinear models

Modelling primary health care use: a panel zero inflated interval regression approach

We introduce the (panel) zero-inflated interval regression (ZIIR) model, to investigate GP visits using individual-level data from the British Household Panel Survey. The ZIIR is particularly suitable for this application as it jointly estimates the probability of visiting the GP and then, conditional on visiting, the frequency of visits (defined by given numerical intervals in the data). The results show that different socio-economic factors influence the probability of visiting the GP and the frequency of visits

On the elastic approximation to the vacancy formation energy in metals

Isotropic elastic continuum model application to calculate energy and entropy of vacancy formation in metal crystal

Health State Values for the HUI 2 descriptive system: results from a UK survey

This paper reports the results of a study to estimate a statistical health state valuation model for a revised version of the Health Utilities Index Mark 2, using Standard Gamble health state preference data. A sample of 51 health states were valued by a sample of the 198 members of the UK general population. Models are estimated for predicting health state valuations for all 8,000 states defined by the revised HUI2. The recommended model produces logical and significant coefficients for all levels of all dimensions in the HUI2. These coefficients appear to be robust across model specifications. This model performs well in predicting the observed health state values within the valuation sample and for a separate validation sample of health states. However, there are concerns over large prediction errors for two health states in the valuation sample. These problems must be balanced against concerns over the validity of using the VAS based health state valuation data of the original HUI2 valuation model

Soil sustainability in organic agricultural production

Traditionally, the assessment of soil sustainability and the potential impact of cultivation are based upon the application of chemical procedures. In the absence of a biological context, these measurements offer little in understanding longterm changes in soil husbandry. Detailed microcosm investigations were applied as a predictive tool for management change. The microcosms were designed with homogenised soils treated with organic amendments. Key soil functional relationships were quantified using stable isotope techniques, biochemical measurements and traditional approaches