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’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. The wide ranging activity of the Centre enables researchers to identify and analyse relationships between different policy decisions, drawing, for example, on expertise in education policy analysis to understand better the structure and effects of certain health policies.

The Centre uses an extensive range of microeconomic and microeconometric techniques to provide well-rounded and timely research. For example, researchers refine and develop databases and computer models on public finances and the tax and benefit system; compile and improve new datasets on education, health and consumer choice; and develop and apply new theoretical and empirical models.

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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The IFS wins UK think tank of the year

The IFS was awarded the UK think tank of the year for 2015, for the second year running. The award, run by Prospect Magazine, has not previously been given to the same organisation two years in a row.

The Institute was also the winner in the 'financial and economic' category.

One of the judges, the distinguished economist George Magnus, commended the IFS 'for throwing a light into plenty of dark spaces.'

Paul Johnson receiving the tank top

IFS director, Paul Johnson, receives the 'top tank' tank top from Bronwen Maddox, Editor-in-Chief of Prospect Magazine


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