Martin Weale focuses on disaggregate models, which represent the economy as a collection of individual households in different circumstances, and their use to address important policy questions. In particular, Weale describes the way in which such models can be used to address a heterogeneous range of topics: the effects of credit constraints and fears about credit availability; tax structure; social security and pension arrangements; and influences on the take-up of education by mature students. Models of this type can also be used to explore the importance of myopia – one of the possible behavioural forms considered in behavioural economics.
Published on
14 December 2012
Press release