The Spring Statement is a timely reminder that the nation faces challenges beyond Brexit. Slow economic growth is expected to continue, the deficit is still some way from being eliminated, and further cuts for unprotected public services are expected.
Not only has the reduced system of council tax support hit low-paid workers but it has proved remarkably ineffective as a way to raise revenue, say the IFS’ Stuart Adam and Thomas Pope.
This paper develops a model of a growing open economy rich in non‐renewable resources, the extraction of which negatively impacts domestic productivity and whose sector competes with final production for capital.
This paper assesses the effect of fiscal rules on sovereign bond spreads over the short and medium term, for 34 advanced countries and 19 emerging market economies, over the period 1980–2016.
This paper examines the behavioural response of households to wealth transfer taxation using household survey data from Japan, with particular attention being paid to the implications of different bequest motives that households may have.
In England, state support for older people with disabilities consists of a national system of non‐means‐tested cash disability benefits and a locally administered means‐tested system of social care. Evidence on how the combination of the two systems targets those in most need is lacking. We estimate a latent factor structural equation model of disability and receipt of one or both forms of support. The model integrates the measurement of disability and its influence on receipt of state support, allowing for the socio‐economic gradient in disability, and adopts income and wealth constructs appropriate to each part of the model.
Rajasthani women typically leave school early and marry young. We develop a novel discrete choice methodology using hypothetical vignettes to elicit average parental preferences over a daughter’s education and age of marriage, and subjective beliefs about the evolution of her marriage market prospects.
This work estimates how government spending is distributed by subject studied and university attended, based on grants and unrepaid student loans (including both tuition and maintenance loans).
The UK Statistics Authority publishes three headline inflation measures every month. One of them "it knows to be wrong", writes Paul Johnson - this has to change.
