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This paper presents a model of international trade that features heterogeneous firms, relative endowment differences across countries, and consumer taste for variety.
1 July 2004
In the run-up to the 2004 Spending Review, IFS has written a short briefing note, which considers the options for public spending during the years of the review (2005-06 to 2007-08), in light of what has already been announced and what we know about the government's priorities and past spending decisions.
1 July 2004
24 June 2004
24 June 2004
23 June 2004
23 June 2004
18 June 2004
Recent developments in the theory of choice under uncertainty and risk yield a pessimistic decision theory that replaces the classical expected utility criterion with a Choquet expectation that accentuates the likelihood of the least favorable outcomes.
7 June 2004
In his 1956 book "The Future of Socialism", the Labour thinker Tony Crosland famously argued:The essential thing is that every citizen should have an equal chance - that is his democratic right.
6 June 2004
2 June 2004
The family investment hypothesis predicts that credit-constrained immigrant families adopt a strategy for financing post-migration human capital investment in which the “primary worker” engages in investment activities and the other partner undertakes activities that finance consumption.
1 June 2004
Friedman’s book on the consumption function is one of the great works of Economics demonstrating how the interplay between theoretical ideas and data analysis can lead to major policy implications.
1 June 2004
In this paper, we consider research on links between higher education and family background, focusing particularly on the experiences of two cohorts of individuals born in 1958 and 1970.
1 June 2004
Microsimulation methods are used to identify the contribution of tax and benefit reforms to the significant growth in UK income inequality since 1979.
1 June 2004
A key figure suited to measuring intergenerational imbalances in unfunded public pension schemes is given by the 'implicit tax rate' imposed on each generation's lifetime income.
1 June 2004
Consensual deprivation indicators assume that there is a broad consensus on what goods/services families should be able to afford, and that an inability to afford those items can measure deprivation.
1 June 2004
This paper assesses the distributional impact of indirect taxes among Greek households between 1988 and 2002, a period that coincides with the introduction of significant reforms in the tax system due to EU membership.
1 June 2004
This paper considers the validity of the arguments underlying the shift in welfare policy towards targeted 'making work pay' programs.
1 June 2004
1 June 2004