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Author: Donald Robertson

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CEP discussion paper
Minimum Wages and Employment

This paper investigates the effect of minimum wages on employment using a panel of US state-based data. We estimate a minimalist dynamic version of the specification implied by neo-classical theory. We find statistically...Read more...

Manfred Keil, Donald Robertson and James Symons

June 2001

CEP discussion paper
Factor Residuals in SUR Regressions: Estimating Panels Allowing for Cross Sectional Correlation

This paper describes a method for estimating panels by imposing a factor structure on the residuals. The method allows SUR estimation of panel models by providing a full-rank estimator of the system covariance matrix whe...Read more...

Donald Robertson and James Symons

October 2000

CEP discussion paper
Pre-School Education and Attainment in the NCDS and BCS

This paper considers the effect of how children pass time before entrance to school on attainment in primary school. We find in NCDS data that children perform marginally better at seven and eleven if they spent time wit...Read more...

L Feinstein, Donald Robertson and James Symons

March 1998

CEP discussion paper
Self-Selection in The State School System

With diminishing returns to the peer group, it is optimal social policy to mix chldren in schools. We consider what happens when, contrary to the outcome being determined by a social planner, schools and children are fre...Read more...

Donald Robertson and James Symons

November 1996

CEP discussion paper
Do peer Groups Matter? Peer Groups versus Schooling Effects on Academic Attainment

In this paper we estimate an educational production function. Educational attainment is a function of three types of inputs: peer group, parental and schooling. We find that conventional measures of school quality are no...Read more...

Donald Robertson and James Symons

November 1996

CEP discussion paper
Real Interest Rates and Index Linked Gilts

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Donald Robertson and James Symons

November 1993

CEP discussion paper
Five Weeks in the Life of the Pound: Interest Rates

Yields to maturity of a set of nominal and index linked gilts are used to obtain estimates of the term structures of nominal and real interest rates. These allow calculation of the term structures of nominal and real int...Read more...

Donald Robertson and James Symons

March 1993

CEP discussion paper
Some Strange Properties of Panel Data Estimators

We study the biases that are likely to arise in practice with panel data when parameters vary across individuals, but this is not allowed for in estimation. We consider both stationary and non-stationary regressors. We f...Read more...

Donald Robertson and James Symons

July 1991

CEP discussion paper
Output, Inflation and the ERM

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Donald Robertson and James Symons

July 1991