More from IFS
Understand this issue

How important is the OBR forecast?
The OBR forecast will underpin the Chancellor’s decisions at the next Spring Forecast.
12 February 2025

Change in selected departmental capital budgets since 2007–08
The Ministry of Justice saw the biggest cuts to its capital budget over the 2010s, but then has seen the largest relative increases since.
11 February 2025

What is this government’s ‘theory of growth’? Nobody knows
"Shifting the performance of an entire economy requires a long-term, consistent and persistent direction." Paul Johnson writes for the Times.
20 January 2025
Policy analysis

How can policy boost productivity growth?
At this policy conference, four panels of experts will give their perspectives and recommendations on four key areas of the UK’s productivity problem.

A look ahead to the 2025 Spring Forecast
What are the Chancellor’s options if – and it is very much an if – the upcoming Spring Forecast puts her on track to miss her fiscal targets?
6 March 2025

Scottish Budget: the overall fiscal and spending outlook
Funding and spending growth are set to slow. Without a top-up, health spending will be flat in 2025–26 and tricky trade-offs elsewhere loom too.
20 February 2025
Academic research

Multitasking, two-part contracts, and bunching: an application to doctors' tasks
The optimal design of incentive contracts critically depends on whether the tasks performed by agents are complementary or substitutable.
24 February 2025

Public insurance and marital outcomes: Evidence from the Affordable Care Act's Medicaid expansions
We find that an increased likelihood of Medicaid eligibility reduces marriage rates, particularly among people with higher education levels.
8 November 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