Economics - Research Publications
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ItemDiscrete hours labour supply modelling: Specification, estimation and simulation(John Wiley & Sons, 2005)The assumption behind discrete hours labour supply modelling is that utility-maximising individuals choose from a relatively small number of hours levels, rather than being able to vary hours worked continuously. Such models are becoming widely used in view of their substantial advantages, compared with a continuous hours approach, when estimating and their role in tax policy microsimulation. This paper provides an introduction to the basic analytics of discrete hours labour supply modelling. Special attention is given to model specification, maximum likelihood estimation and microsimulation of tax reforms. The analysis is at each stage illustrated by the use of numerical examples. At the end, an empirical example of a hypothetical policy change to the social security system is given to illustrate the role of discrete hours microsimulation in the analysis of tax and transfer policy changes.
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ItemSome stability results for Markovian economic semigroups(Blackwell, 2005)
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ItemThe identification and measurement of speculative risk(The Institute of Actuaries of Australia, 2003)
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ItemThe Distribution of the time to Ruin in the Classical Risk Model(Cambridge University Press (CUP), 2002-01-01)Abstract We study the distribution of the time to ruin in the classical risk model. We consider some methods of calculating this distribution, in particular by using algorithms to calculate finite time ruin probabilities. We also discuss calculation of the moments of this distribution.
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ItemModern landmarks in actuarial science(The Institute of Actuaries of Australia, 2001)
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ItemOn the time to ruin for Erlang(2) risk processes(ELSEVIER SCIENCE BV, 2001-12-20)
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