About the IFS

The Institute for Fiscal Studies was founded in 1969. Established as an independent research institute, IFS was launched with the principal aim of better informing public debate on economics in order to promote the development of effective fiscal policy. Through the establishment of rigorous independent research, for example the IFS Green Budget and Post Budget analysis, IFS successfully opened up debate about public policy to a wider audience and influenced policy decision making.

Today, IFS is Britain’s leading independent microeconomic research institute. Its research remit is one of the broadest in public policy analysis, covering subjects from tax and benefits to education policy, from labour supply to corporate taxation. Our research not only has an impact on policy makers, think tanks and practitioners, it has also gained a worldwide reputation for academic rigour, and contributes to the development of academic scholarship. We communicate our research widely on a national and international scale, providing independent advice to policy makers in the UK, Europe and in developing countries; collaborating with world renowned academics on new economic theories and techniques; and disseminating our research globally through the press, media and the web.

IFS is host to the ESRC Centre for the Microeconomic Analysis of Public Policy which analyses fiscal policy to determine its effects on households and companies. The Centre’s work covers the full extent of policy impact, investigating the ways in which policies influence human capital investments, work and occupational choice, firm behaviour, saving and retirement decisions, consumer choices and the public finances.

Announcements

IFS wins "Think Tank of the Year"

We are delighted to have won two Prospect awards: "Think Tank of the Year 2014" and "Economic and Financial Think Tank of the Year 2014". Judges recognised IFS for being "hugely prominent in the fiscal and economic debates". Full details on the awards are here.

The aim of the Think Tank Awards is to honour the achievements of the organisations that help to shape public and political thinking on policy questions. Entrants to the awards were scored according to six criteria: coherent selection of topics of importance; innovative and plausible policy prescription; rigour of analysis; influence on politics; influence on media and wider impact; convening power. 

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Marcos Vera-Hernandez interviewed about his prize-winning research

Marcos Vera-Hernandez, winner of the Royal Economic Society Prize for the best paper published in the Economic Journal 2013, was interviewed with his co-author about his research for the RES video shorts series. The video can be viewed here.

The prize winning article, Testing for Asymmetric Information in Private Health Insurance, can be downloaded for free.

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IFS to research economics of the police

The Economic and Social Research Council has awarded IFS a grant of £240,523 from July 2014 to June 2016 to study the 'Economics of the Police: recruitment, retention and finance'.

The research will be led by Professor Richard Disney and Rowena Crawford. Among the topics to be investigated by the project are: how the quality of police recruits through individual police forces is affected by local labour markets and the relative attractiveness of alternative careers; how exits from the police are affected by retirement incentives in the police pension scheme and job opportunities elsewhere; and the extent to which differences in local revenue-raising capacity through the local police precept affects the quality of local policing.

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