Centre Fellows

Richard Blundell

Richard is Director of the ESRC Centre for the Microeconomic Analysis of Public Policy (CPP) at IFS. He holds the David Ricardo Chair of Political Economy at University College London. A graduate of the University of Bristol and London School of Economics. From 1986 until 2016 he was Research Director of the Institute for Fiscal Studies (IFS). He has held visiting professor positions at UBC, MIT and Berkeley. He holds Honorary Doctorates from the University of St.Gallen, Switzerland; the Norwegian School of Economics, NHH, Bergen, Norway; the University of Mannheim, Mannheim; the University of Bristol; and the and the University of Venice Ca’Foscari. He was awarded a CBE in the Queen’s New Year’s Honours List 2006 and a Knighthood in 2014 for services to Economics and Social Science.
In 1995 he was awarded the Yrjö Jahnsson Prize for his work in microeconometrics and the analysis of labour supply, welfare reform and consumer behaviour. In 2000 he was awarded the Econometric Society Frisch Prize Medal for his paper ‘Estimating Labour Supply Responses using Tax Reforms’. In 2008 he was the recipient of the Jean-Jacques Laffont Prize given to a high level economist whose research combines both the theoretical and applied aspects of economics. He was awarded the CES-Ifo Prize in 2010 and the Sandmo Prize in 2011. He was recipient of the IZA Prize in Labor Economics in 2012. He was awarded the 2015 BBVA Foundation Frontiers of Knowledge Prize in Economics. In 2017, he received the Nemmers Prize in Economics.
In 2004 he was President of the European Economics Association. He was President of the Econometric Society in 2006. He was President of the Society of Labor Economics in 2010. He was President of the Royal Economic Society 2011-2013. He is a Fellow of the Econometric Society, Fellow of the British Academy, Honorary Member of the American Economic Association and Honorary Member American Academy of Arts and Science.
His research covers the empirical microeconomic study of consumer, savings and labour supply behaviour. He has studied the relationship between taxation, family labour supply and consumer behavior. He has developed new microeconometric tools for the study of dynamic panel data models and the nonparametric analysis of individual decisions. His published papers have appeared in Econometrica, Review of Economic Studies, American Economic Review, Journal of Political Economy, Quarterly Journal of Economics, Journal of the Royal Statistical Society, Journal of Econometrics, and other top journals. He has been on the editorial board of many academic journals and was editor of the Journal of Econometrics from 1992 to 1997, and co-editor of Econometrica 1997-2001. He is currently an Editorial Board member of Annual Reviews and a founder editor of Microeconomic Insights. He has worked on a number of high profile policy reports most especially on personal tax reform, pension reform and the analysis of inequality. He was an editor and author of the Mirrlees Review of Tax Reform which reported its findings in 2011. His collected work on Taxation and Labour Supply is published by Oxford University Press in March 2016.

Selected Publications

Estimation of a nonseparable heterogenous demand function with shape restrictions and Berkson errors

Berkson errors are commonplace in empirical microeconomics and occur whenever we observe an average in a […]

Matthias Parey, Joel L. Horowitz, Richard Blundell
29 November 2018 | CWP67/18
Individual counterfactuals with multidimensional unobserved heterogeneity

New nonparametric methods that identify and estimate counterfactuals for individuals, when each is characterized by a […]

Rosa Matzkin, Dennis Kristensen, Richard Blundell
30 December 2017 | CWP60/17
Earnings and consumption dynamics: a nonlinear panel data framework

We develop a new quantile-based panel data framework to study the nature of income persistence and […]

Stéphane Bonhomme, Richard Blundell, Manuel Arellano
7 September 2015 | CWP53/15
Bounding quantile demand functions using revealed preference inequalities

This paper develops a new approach to the estimation of consumer demand models with unobserved heterogeneity […]

Dennis Kristensen, Richard Blundell, Rosa Matzkin
1 April 2014 | Journal Article

Previous version

Bounding quantile demand functions using revealed preference inequalities
Rosa Matzkin, Dennis Kristensen, Richard Blundell
1 June 2011 | CWP21/11
Nonparametric estimation of a heterogeneous demand function under the Slutsky inequality restriction

Economic theory rarely provides a parametric specification for a model, but it often provides shape restrictions. […]

Matthias Parey, Richard Blundell, Joel L. Horowitz
17 October 2013 | CWP54/13
Control functions in nonseparable simultaneous equations models

The control function approach (Heckman and Robb (1985)) in a system of linear simultaneous equations provides […]

Rosa Matzkin, Richard Blundell
1 October 2013 | Journal Article
Measuring the price responsiveness of gasoline demand: economic shape restrictions and nonparametric demand estimation

This paper develops a new method for estimating a demand function and the welfare consequences of […]

Matthias Parey, Richard Blundell, Joel L. Horowitz
16 June 2011 | CWP24/11
Bounding quantile demand functions using revealed preference inequalities

This paper develops a new technique for the estimation of consumer demand models with unobserved heterogeneity […]

Rosa Matzkin, Dennis Kristensen, Richard Blundell
1 June 2011 | CWP21/11

Latest version

Bounding quantile demand functions using revealed preference inequalities
Dennis Kristensen, Richard Blundell, Rosa Matzkin
1 April 2014 | Journal Article
The long-term effects of in-work benefits in a life-cycle model for policy evaluation

This paper presents a life-cycle model of woman’s labour supply, human capital formation and savings for […]

Jonathan Shaw, Costas Meghir, Monica Costa Dias, Richard Blundell
12 February 2011 | CWP07/11
Conditions for the existence of control functions in nonseparable simultaneous equations models

The control function approach (Heckman and Robb (1985)) in a system of linear simultaneous equations provides […]

Rosa Matzkin, Richard Blundell
28 September 2010 | CWP28/10