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Declining inflation rates might have negative consequences for tax revenues. Phenomena such as the inflationary bracket creep in a progressive income tax system do not work any longer.
1 December 2001
Social transfers vary enormously across the European Union, as has been demonstrated in earlier research.
1 December 2001
Conditions are derived under which there is local nonparametric identification of derivatives of structural equations in nonlinear triangular simultaneous equations systems.
1 December 2001
The paper evaluates the differential performance of the six main types of Swedish programmes that were available to adult unemployed workers enTitled to unemployment benefits in the 1990s: labour market training, workplace introduction, work experience placement, relief work, trainee replacement and employment subsidies.
1 December 2001
This article was published in The Financial Times on 28th November 2001.
28 November 2001
20 November 2001
This paper extends behavioural microsimulation modelling so that third round effectsof a policy change can be simulated.
20 November 2001
Summary of the Keynes Lecture in Economics .
1 November 2001
Market failure can affect the choices that individuals make about education. Christine Frayne, of the Institute for Fiscal Studies, looks at the economic arguments.
1 November 2001
This paper considers the nonparametric and semiparametric methods for estimating regression models with continuous endogenous regressors.
1 November 2001
The Labour government has been at pains to stress the importance of public investment. A large portion of Spending Review 2000 was devoted to explaining why we should care about public investment: it provides the infrastructure that is a prerequisite for improvements in output and growth and is necessary both to supply and to enhance public services. This notes looks at public investment over the last 25 years and identifies trends in the various spending areas.
1 November 2001
31 October 2001
19 October 2001
This article was published in The Independent on 2nd October 2001.
2 October 2001
Examining the labour market impact of in-work benefit reform in the United Kingdom.
1 October 2001
1 October 2001
In this paper we model the evolution of income risk and consumption growth.
1 October 2001
1 October 2001
In 2003: the government will introduce new tax credits to provide financial support for children and low-paid workers: the integrated child credit and the employment tax credit. The reform to support for children aims to unify existing payments in a way that provides a guaranteed stream of income for those with children, whether they are working or not. The credit for people in work will provide an income top-up for low earners - something that those without children have not benefited from before. The government has not announced the impact of the reforms on the public finances, but both will cost the exchequer money, so this Commentary considers the likely sums involved. We also examine whether the reforms look like fulfilling their stated aims: making work pay, relieving poverty and creating a new type of state support that is simpler and less intrusive for claimants.
1 October 2001
This Commentary looks at two asset-based welfare policies and asks how they might work and what rationale lies behind them.
1 October 2001