We have now launched the IFS Deaton Review, a comprehensive five-year study of inequalities in society funded by the Nuffield Foundation. The review will be led by Nobel Prize-winning economist Sir Angus Deaton and a panel comprised of world-leading experts in economics, sociology, demography, philosophy, political science and epidemiology. The project will draw on a range of diverse perspectives to understand inequalities in income, wealth, health, social mobility, political participation and more. As well as deepening our understanding of inequalities in the twentieth-first century, the ...
The prestigious National Academy of Sciences in the US has elected IFS's Richard Blundell as one of only six European 'foreign member associates'. He is the only economist foreign member associate this year, and there is only one other in the UK in total. Members are elected in recognition of their distinguished and continuing achievements in original research.
Richard is director of the ESRC Centre for Public Policy at IFS.
The Royal Economic Society has appointed IFS Research Director Professor Rachel Griffith as its new President for 2019/20. Rachel is Professor of Economics at the University of Manchester, Research Director of the IFS and Co-Director of the Centre for the Microeconomic Analysis of Public Policy (CPP).
She is the Society’s first female President in over 35 years and becomes only the second woman to hold the post in the Society’s 129-year history.The Society also named Professor Carol Propper (Imperial College London) as President-Elect for 2019/20. They will join the ranks of other ...
IFS researcher and co-director of the ESRC Centre for Public Policy (CPP) at IFS, Imran Rasul, has been awarded the prestigious Yrjö Jahnsson prize for his work on the role of social relationships in economics. Imran, who is also a professor at University College London, receives the 2019 award jointly with Oriana Bandiera (London School of Economics).
The award was previously given to Richard Blundell, now director of CPP, in 1995. This was for his work in microeconometrics and the analysis of labour supply, welfare reform and consumer behaviour. The award is selected by the European ...
Paul Johnson has given evidence to the Commons Treasury Committee during their Spring Statement session on Wednesday 3 April 2019.
MPs asked how much 'fiscal headroom' the Chancellor might have for increasing spending given the improvements to borrowing forecasts at the Spring Statement. They asked whether the Chancellor was still aiming for budget balance, and how to improve sharing of data and analysis around fiscal events.
Watch the session on Parliament Live. Catch up on all of our Spring Statement 2019 analysis....
A recent study from ELSA published in The Lancet Public Health, has found an association between perceived age discrimination and poor health.
The study used data from over 7,000 people aged 50 or older, who took part in a face-to-face interview and returned a self-completion questionnaire containing questions around age discrimination.
Perceived age discrimination was reported by 1,943 participants (25%). These participants were more likely to report fair or poor health. They were also more likely to have coronary heart disease, chronic lung disease, arthritis, limiting ...
When confronting an economic model with data, one usually encounters a situation where some important variables, such as tastes and productivity that appear in the model in nonadditive, nonseparable ways, are unobserved. Rather than transforming the model into one where the unobservables enter in separable ways, the nonseparable approach considers identification and estimation of the original model. The original model satisfies the economic restrictions of the model, which aid in identification and estimation. These restrictions are often lost in separable transformations.
This two-day course run by the Department of Epidemiology and Public Health at UCL aims to provide a good understanding of a range of techniques for longitudinal data analysis and hands on experience of the analysis of longitudinal studies.
It includes a mixture of theoretical sessions and practical sessions (using STATA) to illustrate concepts. Practical sessions will use data from the English Longitudinal Study of Ageing (ELSA).
CPP directors, Orazio Attanasio, James Banks and Richard Blundell are on the panel for the review, along with a range of experts from the UK and overseas.
An ELSA analysis has shown that people who rate their life as being more meaningful also have stronger personal relationships, broader social engagement, less loneliness, greater prosperity, better mental and physical health, less chronic pain, less disability, greater upper body strength, faster walking speed, less obesity and smaller waistlines.
The study also showed that higher worthwhile ratings were associated with more favourable biomarker profiles, healthier lifestyles, more time spent taking part in social activities and exercising, and less time spent alone or ...
The AEA, in conjunction with 59 associations in related disciplines known as the Allied Social Science Associations (ASSA), holds a three-day meeting each January to present papers on general economics topics. This January, several IFS economists presented their work.
IFS Research Fellow, Phillipe Aghion, presented work on 'The Innovation Premium to Soft Skills in low-skilled occupations'.
IFS Research Director Orazio Attanasio gave the European Economic Association Lecture on 'Consumption Insurance in Networks with Asymmetric Information'.
CPP co-Director Eric French presented on ...
The Department for International Development (DFID) has renewed funding for the Centre for Tax Analysis in Developing Countries (TAXDEV) until November 2022. TAXDEV is based at the Institute for Fiscal Studies and aims to contribute to more effective tax and social protection policy-making in low- and middle-income countries.
The second phase of TAXDEV will be delivered jointly by the IFS and the Overseas Development Institute (ODI), who have a long track record of building the capability of governments to develop, implement and evaluate tax and spending policies.
TAXDEV provides applied ...
On Wednesday 19 December, IFS Associate Director David Phillips gave evidence to the Finance and Constitution Committee of the Scottish Parliament on the Scottish Government's taxation proposals. The session was reported live here.
The Second AASLE Conference brought together researchers from around the world and was hosted by Seoul National University in Seoul, South Korea from 13-15 December 2018. CPP director, Richard Blundell, gave the keynote address about household behviour and the dynamics of inequality.
On 12 December, IFS research economist Tom Waters gave evidence to the Commons Work and Pensions Committee on the two child limit in tax credits and Universal Credit. The committee session is available to watch online here.
A masterclass given by Charles Manski (Northwestern) sponsored by CeMMAP and the Economics Research Initiative at Duke University, March 28-29 2019
This masterclass will focus on evidence-based decision making for patient care under uncertainty, in which clinicians face only limited ability to predict patients’ future illness and treatment response. To deal with this inherent uncertainty, partial identification analysis can be applied to make credible predictions for patient ...
IFS Research Fellows Gabriella Conti and Martin Weidner have been awarded Consolidator Grants by the European Research Council (ERC). The ERC bestows the Consolidator Grants to outstanding researchers who have a promising scientific track record, and between 7-12 years of experience after the completion of their doctorates.
The ERC grants have been awarded to 291 top scientists across Europe. Funding for these researchers, part of the Horizon 2020 research and innovation programme, is worth in total €573 million and will give them a chance to build up their teams and have far-reaching ...
On 28 November, IFS Research Director Orazio Attanasio gave a lecture as part a series convened by the Centre of Excellence for Development Impact and Learning (CEDIL) and the Centre for Evaluation, addressing methods and innovation in primary studies. The lecture was entitled, 'Contextualised structural modelling for policy impact' and focused on Early Childhood interventions. You can find out more and watch a video of the lecture on the CEDIL website.
IFS Research Director Orazio Attanasio has given the 2018/19 Richard Ely Distinguished Lecture Series at Johns Hopkins Department of Economics:
Lecture 1: November 12, 2018; 3:30 pm – 5:00 pm;
The process of human development over the early years: what we know and what we don’t
Lecture 2: November 13, 2018; 3:30 pm – 5:00 pm;
Modeling parental behavior
Lecture 3: November 15, 2018; 3:30 pm – 5:00 pm;
Human capital policies: what can be done and at what scale
The department has funded The Richard Ely Distinguished Lecture Series since 1998. For a two-week period once a ...
Isaiah Andrews (Harvard)
Xu Cheng (Penn)
Tim Christensen (NYU)
Frank Kleibergen (Amsterdam)
Luca Gambetti (Collegio Carlo Alberto)
Patrik Guggenberger (Penn State)
Adam McCloskey (Colorado)
Anna Mikusheva (MIT)
Alexey Onatskiy (Cambridge)
Today the Social Security Advisory Committee, of which IFS Deputy Director Carl Emmerson is a member, released their report on the draft Universal Credit (Managed Migration) Regulations 2018. The report, and the government's response to its recommendations can be found here.
This year’s Gorman Lectures will be delivered by Claudia Goldin (Harvard) on May 20/21, 5.30-7pm, at UCL.
There will be a Conference during both days (co-sponsored by CREAM and IFS) themed around Claudia’s work and co-organised by Uta Schoenberg, Monica Costa Dias and Claudia Olivetti.
Established in 2001, the Gorman Lectures are given in honour of the influential economist William Moore "Terence" Gorman. The annual series features a different leading economist each year and has included: Eric Maskin, Dan McFadden, James Heckman, Avinash Dixit, Robert M. Townsend, Ken ......
On Tuesday, October 30th, Professor Sir Richard Blundell, CBE FBA, will deliver a Levine Family Lecture on "Household Behaviour and the Dynamics of Inequality" at University of California, Davis. The lecture will be held from 4:00 to 5:30pm in the Buehler Alumni Center, Alpha Gamma Rho. Levine Lectures are free and open to the public at large.
Created by the Jay (BA Economics '84) and Tammy Levine Family Foundation, the Levine Family Fund supports activities that further the academic and research mission of the Economics Department, including funding for visiting speakers, undergraduate ...
The launch conference brought together researchers, policy makers and other stakeholders to discuss the latest findings from the English Longitudinal Study of Ageing.
Presentations from the conference and report code are available to download from the Training resources page.
If you would like a hard copy of the report, or any other information related to the launch, please contact the ELSA Team.
⇒Download the ...
Recent evidence indicates that dementia rates have decreased in the last few decades in the United Kingdom and other parts of Western Europe, with the greatest declines apparent in those with higher educational attainment relative to more basic educational attainment.
However, less clear is the extent to which other socioeconomic markers such as wealth, income, and area deprivation contribute to dementia risk. ELSA data were used to investigate the associations between markers of socioeconomic status (wealth quintiles and the index of multiple deprivation) and dementia incidence. To ...
IFS Deputy Director Carl Emmerson gave evidence to the Work and Pensions Select Committee today as part of their inquiry into the benefit cap.
Since 2013 the government has placed a cap on the amount that some working-age families can receive in benefits. In May 2018 60,000 households saw their benefits reduced by the cap. The Government’s objectives for the cap are “improving work incentives, promoting fairness between those on out of work benefits and taxpayers and delivering savings”. The Work and Pensions Select Committee wants to understand how well the benefit cap is achieving ...
Richard Blundell, Director of the Centre for the Microeconomic Analysis of Public Policy at the IFS, has given the keynote speech at the Copenhagen Business School's launch of their Business in Society Platform on Inequality. His address was on ‘The dynamics of income and earnings inequality’ and was followed by a discussion.
The Inequality Platform is running from 2018 to 2023 and aims to address the causes and consequences of inequality from a Danish, European, and global level. The Inequality Platform brings together researchers from four CBS departments – DBP, ECON, INT, and ...
Ration shops allow households to purchase limited quantities of certain goods at subsidised prices, and are used by governments in a numbre of low and middle income countries. In a new IFS working paper, Lucie Gadenne shows theoretically that such systems can be better for household welfare than a universal cash transfer scheme if the goods in question are consumed in relatively large quantities by the poor and if the market prices for them are volatile.
Using data from India, where ration shops are prevalent, she shows that this may be true for three of the four goods sold through the ...
In the UK, the IFS plays a leading role in informing the public debate and scrutinising government and opposition tax and spending policy decisions and proposals. David Phillips, an Associate Director at the IFS who works in both the TAXDEV centre and on devolved and local government, explained this role to a delegation of Tajiki parliamentarians and auditors tasked with scrutinising tax and spending in Tajikistan. He talked about the various types of work the IFS does, from immediate commentary to major programme evaluation to fundamental economic research, how it disseminates this to a ...
On 26 September, IFS Associate Director David Phillips was in the hot seat at the Health Show UK 2018 to talk about social care funding. He was quizzed by Victoria Macdonald, Channel 4 News's health and social care correspondent, and health and social care professionals about:
- What has happened to social care funding in recent years, and why this may pose a problem;
- What factors may affect the funding needed for social care in the future;
- The options and issues for raising more revenues from people receiving care, or via taxation or compulsory insurance;
- And the tensions between ...
IFS Research Economist, Laura ven der Erve, spoke at the fourth annual Women in Economics conference, held in Cambridge at Gonville and Caius College.
The speakers at the event were:
On 13 September, IFS Associate Director Robert Joyce gave evidence to the Scottish Parliament Social Security Committee on social security and in-work poverty.
The Committee also took evidence from David Finch, Senior Research Fellow, Resolution Foundation; Russell Gunson, Director, Institute for Public Policy Research Scotland;Deborah Hay, Scotland Policy Officer, Joseph Rowntree Foundation; Polly Jones, Project Manager, A Menu for Change Project, Oxfam Scotland.
From the 9-10 November 2018, the Centre for Econometrics at Northwestern University is hosting a conference on Incomplete Models co-sponsored by the Centre for Microdata Methods and Practice (CeMMAP) at University College London.
This week, Ghana's Ministry of Finance has organised and run a training workshop for civil servants from the Ministry and the Revenue Authority on GHATAX, the microsimulation model built by the IFS's TAXDEV team for Ghana. The model, built in conjunction with Ministry staff, allows analysts to examine the revenue and distributional impacts of tax and transfer policies and policy reforms, and is designed to provide additional information to the policymaking process. Understanding the impact of policies on households with different characteristics (e.g. high, middle and low incomes) is key ...
It is with great sadness that the Institute for Fiscal Studies notes the death of Sir James Mirrlees (1936-2018). He has been a figure of enormous importance both for the magnitude of his influence on the field of public policy analysis in general and more particularly for his role in the Institute’s recent activities.
His work on the optimum design of tax systems has had incalculable influence on economics. The challenge of finding a balance between the objective of reducing inequality and the need to maintain work incentives is at the core of analysis of direct taxation. He found a ...
This week, the National Institute for Health Research (NIHR) announced a £65 million investment in health and social care policy research. Over five years, 13 NIHR Policy Research Units will inform decision-making by government and arms-length bodies, and IFS researchers will play a critical role.
In January 2019, the NIHR Policy Research Unit in Health and Social Care Workforce will begin its work, based in King’s College London. Dr Elaine Kelly, who joins as co-director, and George Stoye will use administrative data to examine recruitment and retention in health and social care.
IFS Director Paul Johnson has been awarded an honorary doctorate from University College London. The degree was presented on 3rd June at the morning graduation ceremony for Social and Historical Sciences postgraduate students at the Royal Festival Hall.
IFS Director Paul Johnson and CPP Director Richard Blundell before the ceremony.
The Centre for Microdata Methods and Practice and Department of Economics at Duke University are pleased to co-sponsor a two-day lecture series to be delivered by Professor Charles F. Manski of Northwestern University. These lectures will focus on evidence-based decision making for patient care under uncertainty, in which clinicians face only limited ability to predict patients’ future illness and treatment response.
To deal with this inherent uncertainty, partial identification analysis can be applied to make credible predictions for patient outcomes. This analysis motivates the use of ...
IFS Research fellow Dr Abi Adams has been awarded the 2018 ESRC Outstanding Impact in Public Policy award. The award was given for her research on employment tribunal fees which contributed to the unanimous Supreme Court finding in July 2017 that the fee system for employment tribunal claimants was unlawful.
Her article on the adverse incentives of the fees, co-written with Dr Jeremias Prassl, was highlighted as a contribution to the Supreme Court verdict in a House of Commons Research briefing note. This successful case has inspired great interest in considering what evidence to draw on ...
An article by IFS authors was the most downloaded in the journal Economica for 2017. The article, 'Two Decades of Income Inequality in Britain: The Role of Wages, Household Earnings & Redistribution', by Chris Belfield, Richard Blundell, Jonthan Cribb, Andrew Hood, and Robert Joyce was published in Economica in January 2017. In the paper, the authors study earnings and income inequality in Britain over the past two decades, including the period of relatively ‘inclusive’ growth from 1997 to 2004, and the Great Recession.
We will begin with a presentation of standard models of comparative advantage that have been used to explain the pattern of trade (who trades what with whom) and the normative effects of trade (who gains and who loses when trade becomes easier to do) both between and within nations. This will span the perfectly competitive models of Ricardo and Heckscher-Ohlin (including their modern versions such as that due to Eaton and Kortum), as well as the monopolistically competitive models of Krugman and Melitz.
We will then turn to the recent empirical literature that aims to connect these models ...
On the 5 June, IFS senior researcher Kate Smith presented at a meeting of the All Party Parliamentary Group for Social Science and Policy. The meeting looked at the likely effect of the sugar tax on public health and children’s health in particular. The government recently extended its campaign against the childhood obesity epidemic by telling the food industry to cut 20 per cent of calories from their products within six years. The action by Public Health England comes on top of its drive to reduce consumption of sugary foods and sweet drinks.
Kate Smith is part of a team at the IFS ...
Richard Blundell writes:
"For the last 25 years the ESRC Centre for the Microeconomic Analysis of Public Policy (CPP) has provided core long term research funding for IFS. With centre funding IFS has brought rigorous evidence-based research to the analysis of public policy, allowing us to respond swiftly, authoritatively and independently to the changing public policy debate. It has created a unique environment for building new generations of economists who have gone on to take leading roles in academia, in public policy, and in the media. The new Research Institute status will enable ...
Helen Miller, director of the tax research programme at the IFS, has been awarded the prestigious Tax Personality of the Year award for 2018. The 2018 awards were on Thursday 17th May at the Hilton Park Lane where over 500 tax professionals celebrated the winners.
Enghin Atalay (UW Madison)
Matthew Backus (Columbia)
Pierre Dubois (Toulouse)
Alon Eizenberg (Jerusalem)
Matthew Grennan (Penn)
Gautam Gowrisankaran (Arizona)
Robin Lee (Harvard)
Peter Newberry (Penn State)
Howard Smith (Oxford)
Introduction to conference by Mike Walker (Chief Economic Adviser, Competition and Markets Authority, ......
IFS Associate director Rowena Crawford is presenting today at 'Re-assessing the Generational Contract', an all-day conference organised by the Resolution Foundation, Imperial College Business School and the Economic and Social Research Council. Presentations given will address issues surrounding intergenerational inequality, from why the rapid generation-on-generation incomes gains of the 20th century have ended, to how the market and state should respond to ageing populations. Rowena's talk will focus on "Inheritances and inequality in the UK".
As in many high income countries, developing countries often exempt or apply reduced rates of VAT to food and other goods and services in an effort to limit the impacts of VAT on poorer households' cost of living. But with richer households often consuming far more of these goods in absolute terms, and developing countries expanding their cash transfer and social protection schemes, are there better ways to support poorer households?
In a new video, Ross Warwick, a research economist at the IFS, talks about ongoing research being carried out alongside Commitment to Equity Institute ...
Rachel Griffith, Research Director at IFS, is the 1st holder of the newly established ECORES chair. She will give 4 lectures, looking at what different types of policies, aimed at reducing obesity, might achieve in terms of reducing long-run inequalities in health, social and economic outcomes. Lecture topics:
Full details & registration can be found here: http://feb.kuleuven.be/Economics/...