ESRC Centre for the Microeconomic Analysis of Public Policy (CPP) at IFS

The ESRC Centre for Microeconomic Analysis of Public Policy is central to the research carried out and disseminated by IFS. The IFS as a whole seeks to carry out empirical microeconomic work of the highest quality and relevance, and to impact on policy and the public debate. The ESRC Centre is fundamental to the Institute’s success. It provides the long-term funding that allows IFS to carry out groundbreaking independent research in economics and microeconometrics, and to invest in developing a unique range of models and datasets. It is only through ESRC Centre funding that the IFS is able to maintain the combination of impartiality, rigour and authority which are essential if we are to continue to achieve wide-ranging impact on policy and to inform the public debate. It ensures that any evidence given at a select committee, appearance on broadcast media or briefing to ministers or industry leaders is underpinned by deep, unbiased intellectual foundations.

The Centre has received funding from the ESRC for five years from autumn 2015. A launch event will be held on Friday 15 October.

Booms, busts and retirement timing

| Journal Articles

Cyclical fluctuations - which affect both asset and labour markets - can have an ambiguous effect on retirement. In this article, first published online on 5 April 2015, the authors explore this issue empirically using data from the British Household Panel Survey, exploiting small area geographic identifiers to match local house prices, earnings and unemployment to respondents.

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IFS to launch renewed ESRC research centre

The IFS has received funding from the ESRC for the Centre for the Microeconomic Analysis of Public Policy (CPP). The ESRC has confirmed funding for a further five years for our prestigious research centre, from 2015 to 2020. Funding for five PhD scholarships to be associated with CPP has been awarded to UCL’s Doctoral Training Centre. The overarching objectives of the new
Centre are to:

  • make major scientific progress in understanding how individuals and firms behave and how they react to government policy;
  • have substantial impact on policy in the fields of taxation, labour market, education, welfare, pensions, and public finances;
  • build technical and policy capacity in a new generation of highly-skilled researchers.

The Centre will be launched at an event on 15 October. External speakers will include Jane Elliott (ESRC), Alan Auerbach (Berkeley), Andrew Dilnot (UK Statistical Society and Nuffield College) and Dave Ramsden (HMT).

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Understanding the Great Recession: from micro to macro

- | 12:30 - 17:30
Location: Bank of England

IFS and the Bank of England are holding a conference to explore how recent developments in capital and labour markets can help to explain aggregate outcomes since the Great Recession. The conference will combine microeconomic studies relevant for the UK with papers that draw lessons from other countries.

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