Reports

The short- and long-run impact of the national funding formula for schools in England

The Department for Work and Pensions (DWP) has today published the latest official statistics on household incomes, covering the financial year 2015–16. IFS researchers have summarised the headline trends observed in the new data and placed them in historical context in order to understand better changes in living standards in recent years.

Public sector pay has been squeezed since public spending cuts began to take effect from 2011, and it looks set to be squeezed even further up to 2020. However, this comes on the back of an increase in public sector wages relative to those in the private sector during the Great Recession. There is currently significant policy interest in the extent to which continued stagnation in public sector wages will affect the ability of the public sector to recruit and retain high-quality workers, although to date little is known about the potential effects.

The business rates revaluation, appeals and local revenue retention

We use data on household incomes from the Family Resources Survey, together with OBR macroeconomic forecasts and announced changes in tax and benefit policy, to project household incomes up to 2021–22.

We estimate marginal propensities to consume from wealth shocks for Italian households in the early part of the Great Recession. Large asset price shocks in 2008 underpin an IV estimator. A euro fall in risky financial wealth resulted in cuts in annual total (non‐durable) consumption of 8.5‐ 9 (5.5‐5.7) cents. There is evidence of effects on food spending. Responses of total and nondurable spending to changes in housing wealth are 0.2 to 0.3 cents/euro. Point estimates of the effect of the financial wealth shock are larger if the youngest and/or oldest households are excluded. Results indicate that responses to the wealth shock were stronger for those who became pessimistic about the stock market, and for those owners of risky assets who also held mortgage debt. Counterfactuals indicate financial wealth effects were important (relative to other factors) for consumption falls in Italy in 2007/08.

In this report, we present long-run series of spending per student in England across the four main stages of education (early years, schools, further education and sixth forms, and higher education).

The prevalence and dynamics of social care receipt

IFS Green Budget 2017, in association with ICAEW and with funding from the Nuffield Foundation. The report looks at the issues and challenges facing Chancellor Philip Hammond as he prepares for his Budget in March.

Last year the government set out proposals to expand the number of grammar schools across England representing a significant shift in the education system. Such a change means costs and benefits, and there would be winners and losers writes Luke Sibieta, Programme Director of the Education and Skills sector at the Institute for Fiscal Studies.

Refining the bootstrap methodology for HBAI statistics

FINISH Impact Evaluation Report

A joint report with CIOT and the Institute for Government.

Two decades of Income Inequality in Britain: The role of Wages, Household Earnings and Redistribution

Inheritances and Inequality across and within Generations

In this briefing note, we examine police officer retention in some detail.

Fifty years ago, entry to state secondary schools in England was decided on the basis of an exam taken at age 11. Those with the highest scores – around 25% of the population – could go to grammar schools (selective state funded schools), while the rest would go to secondary moderns. Children educated at these different types of school followed different curricula and took different qualifications at age 16, and staying in education beyond this point was usually only open to those who had attended grammar schools.

This report explores the relationship between disability and poverty among the older population. It emphasises the additional living costs that disabled people face, and the importance of taking disability costs into account when making poverty assessments in the older population. The report considers alternative directions of reform for the system of public support for older people with disabilities, and casts doubt on some of the suggestions that have been made for improving the targeting of public support for older disabled people.

Barnett Squeezed? Options for a Funding Floor after Tax Devolution