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IFS Working Paper W22/25
We develop a model demonstrating that in-kind transfers are welfare improving to beneficiaries relative to cash if the covariance between the marginal utility of income and price is positive.
Press release
New analysis from IFS examines how much families with young children are paying for formal childcare in England.
Presentation
Christine Farquharson gave a talk on the landscape for early years spending and the challenges facing the sector going forward.
Journal article
A central issue in designing incentive contracts is the decision to reward agents’ input use versus outputs. The trade-off between risk and return to innovation in production can also lead agents with varying skill levels to perform differentially under different con- tracts. We study this issue ...