Objective The aim of this research programme is to significantly enhance our knowledge of consumer and labour supply behaviour using frontier microeconometric analysis. The objective is to improve our understanding of how individuals make choices, how they react to changes in the economic environment and how they respond to policy reforms. There are two key aspects to the proposed research. The first is to extend the analysis of consumer behaviour and revealed preference to allow for preference heterogeneity, many goods and taste change. A central part of this work will concern the imposition of shape restrictions that derive from revealed preference and integrability restrictions in the nonparametric analysis of consumer behaviour. This work will focus on the microeconometric analysis of consumer surveys and the nonparametric estimation of consumer demand at the household level. The second is a parallel set of studies that will examine the life-cycle behaviour of consumption and labour supply choices in a dynamic environment with uncertainty. This work will use panel data to investigate non-separabilities between consumption and labour supply. It will explore the role of family labour supply as a mechanism to ‘insure’ families against adverse economic shocks. It will involve bringing models of family earnings dynamics together with consumption decisions. The focus will be on the importance of non-separabilities, dynamics and heterogeneity in understanding the behavioural responses of consumption and family labour supply behaviour to policy reforms and other changes in the economic environment. Through a sequence of interrelated studies in these two broad areas, the research programme aims to radically move forward methodological approaches in empirical economics to modelling key aspects of household consumption and labour supply behaviour. Fields of science social scienceseconomics and businesseconomicsmicroeconomics Programme(s) FP7-IDEAS-ERC - Specific programme: "Ideas" implementing the Seventh Framework Programme of the European Community for research, technological development and demonstration activities (2007 to 2013) Topic(s) ERC-AG-SH1 - ERC Advanced Grant - Individuals, institutions and markets Call for proposal ERC-2013-ADG See other projects for this call Funding Scheme ERC-AG - ERC Advanced Grant Host institution UNIVERSITY COLLEGE LONDON EU contribution € 2 142 455,00 Address GOWER STREET WC1E 6BT London United Kingdom See on map Region London Inner London — West Camden and City of London Activity type Higher or Secondary Education Establishments Principal investigator Richard Blundell (Prof.) Administrative Contact Giles Machell (Mr.) Links Contact the organisation Opens in new window Website Opens in new window Total cost No data Beneficiaries (2) Sort alphabetically Sort by EU Contribution Expand all Collapse all UNIVERSITY COLLEGE LONDON United Kingdom EU contribution € 2 142 455,00 Address GOWER STREET WC1E 6BT London See on map Region London Inner London — West Camden and City of London Activity type Higher or Secondary Education Establishments Principal investigator Richard Blundell (Prof.) Administrative Contact Giles Machell (Mr.) Links Contact the organisation Opens in new window Website Opens in new window Total cost No data UNIVERSITY OF ESSEX United Kingdom EU contribution € 107 825,00 Address WIVENHOE PARK CO4 3SQ Colchester See on map Region East of England Essex Essex Haven Gateway Activity type Higher or Secondary Education Establishments Administrative Contact Shereen Anderson (Ms.) Links Contact the organisation Opens in new window Website Opens in new window Total cost No data
