scholarly journals Some Costs and Benefits of Price Stability in the United Kingdom

10.3386/w6660 ◽  
1998 ◽  
Author(s):  
Hasan Bakhshi ◽  
Andrew Haldane ◽  
Neal Hatch
Keyword(s):  
United Kingdom ◽  
Price Stability ◽  
Costs And Benefits ◽  
The United Kingdom

One in Three? The Incidence and Outcomes Associated with the Late Attainment of Qualifications in the United Kingdom

2002 ◽  
Vol 8 (1) ◽  
pp. 14-45
Author(s):  
Gavan Conlon
Keyword(s):  
United Kingdom ◽  
Research Work ◽  
Education And Training ◽  
Quantitative Information ◽  
Further Education ◽  
Family Characteristics ◽  
Costs And Benefits ◽  
The United Kingdom ◽  
Data Limitations ◽  
And Training

Successive governments in the United Kingdom have consistently attempted to increase the skills base by encouraging younger members of society to remain in education, increasing access to higher and further education and by removing barriers to learning later in life. Although there are estimates of the incidence of educational participation2 and the economic rewards achieved by those in possession of formally recognised qualifications, either in terms of labour market outcomes or earnings, little is known about the personal or family characteristics associated with those engaged in learning later in life. There is no formal definition of what exactly late learning refers to, insufficient quantitative information3 relating to the incidence of adult learning, the associated costs and benefits or even whether the type of qualification or the method by which the qualification is undertaken is important. This article makes a provisional attempt to answer some of these questions. The conclusions are not intended to be definitive, but should be seen as a basis for other possible research work. However, some conclusions are clear and unambiguous. Learning undertaken later in life is widespread. Approximately one in three of the hours of education and training received by working-age individuals in the United Kingdom are attributable to those above the age of 25. This figure is substantially higher than the received wisdom in the academic arena. The costs and benefits associated with learning later in life remain difficult to compute due to the data limitations; however, it is illustrated that there is a sizeable penalty in terms of hourly wages and hours worked for late learners. Additional work must be undertaken as superior sources of data become available, as this area of work is currently under-researched. Rather than being at the periphery of education and training policy in the United Kingdom, late learning should continue to be seen as an important pillar within the general attempt to build the knowledge base within the United Kingdom.

scholarly journals Researching Literacy and Numeracy Costs and Benefits: What is possible

2011 ◽  
Vol 15 (1) ◽  
pp. 5-22
Author(s):  
Robyn Hartley ◽  
Jackie Horne
Keyword(s):  
United Kingdom ◽  
Adult Literacy ◽  
Financial Literacy ◽  
The United States ◽  
Economic Benefits ◽  
Costs And Benefits ◽  
The United Kingdom ◽  
Literacy Survey ◽  
International Adult Literacy Survey ◽  
Work Done

Assessing the social and economic benefits of investing in adult literacy and numeracy and the costs of poor adult literacy and numeracy, is largely uncharted territory in Australia. Some interest was evident in the late 1980s leading up to International Literacy Year, 1990 (for example, Miltenyi 1989, Singh 1989, Hartley 1989); however, there has been little work done in the area since then, with the exception of recent studies concerned with financial literacy costs and benefits (Commonwealth Bank Foundation 2005). Assessing the benefits (returns) of workplace training in general has received some attention (for example Moy and McDonald 2000), although the role of literacy and numeracy is often implied rather than explored in any detail. In contrast, there is a considerable body of relevant research emanating from the United States, Canada, the United Kingdom and some European countries. The release of data from the International Adult Literacy Survey (IALS) in the 1990s contributed to some of this research, as did policy developments for example, in the United Kingdom. The much greater use of IALS data in some other countries compared with Australia, seems to be related to a combination of factors in the overall policy and research environment for adult literacy and numeracy in each country.

Costs and Benefits of Adult Retraining in the United Kingdom

Economica ◽  
1969 ◽  
Vol 36 (144) ◽  
pp. 363 ◽  
Author(s):  
Adrian Ziderman
Keyword(s):  
United Kingdom ◽  
Costs And Benefits ◽  
The United Kingdom

The Discriminatory System of Personal Taxation: Some Proposals for Reform

1982 ◽  
Vol 11 (3) ◽  
pp. 307-333 ◽  
Author(s):  
Margaret Wilkinson
Keyword(s):  
United Kingdom ◽  
Marital Status ◽  
Social Effects ◽  
Social Implications ◽  
Green Paper ◽  
Costs And Benefits ◽  
The United Kingdom ◽  
The Social ◽  
Real Costs ◽  
Personal Taxation

ABSTRACTThe system of personal taxation in the United Kingdom is under attack because of the way in which it discriminates between taxpayers on the basis of sex and marital status. Criticisms are allied with proposals for reform, all of which are primarily concerned with the social effects of changing the system. In this paper the various proposals have been categorized under the heads ‘conservative’, ‘radical’, and ‘moderate’ according to the social implications of the changes they advocate. Each set of proposals is discussed and evaluated in terms of revenue costs and savings to the Exchequer and real costs and benefits to the community. The proposals of the recent Green Paper are categorized as conservative and discussed under that head.

National or International Inflation Targeting? The Wicksellian Dilemma of the Euro-outs

2002 ◽  
Vol 22 (2) ◽  
pp. 183-197 ◽  
Author(s):  
Lars Jonung
Keyword(s):  
United Kingdom ◽  
Exchange Rates ◽  
Monetary Union ◽  
Euro Area ◽  
Inflation Targeting ◽  
Price Level ◽  
International Monetary System ◽  
Price Stability ◽  
Member States ◽  
The United Kingdom

Inflation targeting is the monetary strategy of all EU member states; whether in the euro area, the two euro-outs, Sweden and the United Kingdom. The latter are now faced with two alternatives to achieve price stability: either remain outside the euro area or join it as full-fledged members. This paper examines this policy choice starting from the views of Knut Wicksell, who considered it in his 1920s analysis of an international monetary system based on price level targeting. Price stability could be achieved either within every country by maintaining flexible exchange rates or jointly on a global scale through a system of fixed exchange rates, that is through a monetary union. To him this was a choice between two ‘evils’: fluctuating price levels in the member states of a global monetary union while the average price level is maintained constant versus fluctuating exchange rates in the absence of a monetary union. To Wicksell, the choice of the proper route towards price stability was less complicated than today because he analysed it solely in monetary terms. The current choice for Sweden and the United Kingdom involves other crucial dimensions, such as the existence of nominal rigidities, and the politics of domestically issued money. Political aspects concerning the euro will be the ultimate determinants of the future monetary path for both countries.

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