This paper analyses the trade-off between the incentive effects of increased uncertainty and the welfare benefits of risk-sharing in the design of optimal tax schedules.
1 January 2000
The Green Budget looks at the Chancellor's options for his forthcoming Budget.
1 January 2000
This article surveys the literature on education as a matter of public policy
1 December 1999
This paper, based upon research financed by the Inland Revenue and the Contributions Agency of the DSS, presents calculations of the compliance costs for employers of PAYE and National Insurance in 1995-96.
1 December 1999
Building on previous work, this paper documents the changes in income inequality that have occurred over the past 20 years, right up until the late 1990s.
1 December 1999
This paper provides an empirical assessment of the overall incentives generated by taxes with respect to the choice between extraction and recycling of basic materials in Canada.
1 December 1999
In this paper we describe the information available in the Retirement Survey, together with other sources of data that might be used by someone wanting to study retirement behaviour in the UK.
1 December 1999
In this briefing note we add to the current debate on UK annuity markets by providing some simple descriptive analysis from household survey data. In particular, using data from recent waves of the Family Resources Survey, we consider how the current population of (elderly) annuitants differs from the elderly population at large, and describe differences in the characteristics of the group holding voluntary, as opposed to mandatory annuity policies.
1 December 1999
This paper examines the impact of fiscal incentives on the level of R&D investment.
1 November 1999
Since the completion of the Single Market in 1992 it has become easier for people in the UK to take advantage of lower priced goods across the border. Alcohol is one good where there has been particular concern about the level of cross-border shopping because of differences in tax rates between the UK and France. If the Chancellor wants to reduce the amount of cross-border shopping by cutting duty, the important policy question is whether overall these two effects would have a positive or negative effect on revenue.
1 November 1999
We present a model of endogenous rm growth with R&D investment and stochastic innovation as the engines of growth.
19 October 1999
This discussion paper describes the structure of Family Credit and the Working Families Tax Credit (WFTC). It looks at the characteristics of likely recipients and discusses how the WFTC will affect work incentives for different types of households. The paper then goes on to discuss a series of issues that deserve attention and discussion in the context of the UK reform, and perhaps more generally in the consideration of policies of this type.
3 October 1999
In the 1999 Pre-Budget Report the Chancellor announced measuers to encourage charitable giving through tax relief on donations. These are explained in this Briefing Note.
2 October 1999
The government published its first plans for stakeholder pensions in December 1998. Since then more flesh has been put on the bones with the publication of six disussion papers each focusing on a different aspects of stakeholder pensions -the minimum standards, the employer access requirement, the clearing arrangements, regulation, advice and information, governance and the tax regime. This note summarises - and critically appraises - the government's proposals
1 October 1999
The impact of compulsory schooling laws as well as the abolition of early selection by ability remain important issues in the educational debate.
1 October 1999
This paper considers the relevance of a set of generational accounts in informing policy debate in the UK.
1 October 1999
The gradual shift in responsibility for welfare provision, from the government to individuals, is making household saving and wealth holding a key policy concern.
1 October 1999
In this report, the Committee presents its recommendations for the creation of a unified tax tribunals system to cover all taxes. It does so against the background of the comments that it received on its first Report, which are extensively summarised in the Appendix. The Committee urges the Lord Chancellor's Department to act upon its recommendations and implement the proposed new tribunal system by 2002.
1 October 1999
This paper explores the extent of current UK government spending on science and technology placed in its recent historical context.
1 September 1999
Legal aid expenditure has risen dramatically in recent years, prompting attention from successive governments
1 September 1999