Paul Johnson argues that this is new territory, in an article for the Financial Times, June 2013.
Authors
Director
Paul has been the Director of the IFS since 2011. He is also currently visiting professor in the Department of Economics at University College London.
Comment details
- Publisher
- Financial Times
Suggested citation
Johnson, P. (2013). This recession in Britain really is different [Comment] Financial Times. Available at: https://ifs.org.uk/articles/recession-britain-really-different (accessed: 13 December 2024).
More from IFS
Understand this issue
Inheritance tax rises and the Budget: who's affected?
We discuss how inheritance tax actually changed in the budget, who will be affected and whether it was a good idea.
15 November 2024
How big are the UK's demographic challenges?
With birth rates at record lows, we ask what the implications are for the UK and how it might impact the public finances.
8 November 2024
Buying a home in London in your twenties is difficult, but not impossible
Foregoing a degree for an apprenticeship, saving during Covid and being born and bred in the capital have helped. With sky-high rents, others are not.
25 November 2024
Policy analysis
PM2.5 exposure by income deprivation quintile
The most deprived quintile consistently has higher PM2.5 air pollution levels than the least deprived, and this gap has widened since 2017.
6 December 2024
Targeted support could help mitigate consequences of state pension age increases for many on low incomes
A report suggests targeted support in means-tested benefits could ease impacts of a higher state pension age on vulnerable groups.
11 December 2024
Average PM2.5 exposure over time by ethnicity
Ethnic minorities were exposed to levels of air pollution 13% higher than white populations in 2003; this ‘ethnic pollution gap’ shrank to 6% by 2023.
6 December 2024
Academic research
Household responses to trade shocks
We study the impact of Chinese import competition in the 2000s on workers and their households in England and Wales.
12 November 2024
Health inequality and health types
We use k-means clustering, a machine learning technique, and Health and Retirement Study data to identify health types during middle and old age.
3 October 2024
Health shocks, health insurance, human capital, and the dynamics of earnings and health
We specify and calibrate a life-cycle model of labor supply and savings incorporating health shocks and medical treatment decisions.
21 October 2024