Tom Waters: all content

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Living standards, poverty and inequality in the UK: 2018

Presentation

At this event, IFS researchers presented the key findings from the latest in the series of flagship IFS annual reports on living standards, poverty and inequality in the UK. Funded by the Joseph Rowntree Foundation, the report analyses living standards in the UK up to and including the latest year of data for 2016-17, while setting this in the context of the very latest developments in pay, employment and inflation.

20 June 2018

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Living standards, poverty and inequality in the UK: 2018

Report

This report examines changes in the distribution of household incomes in the UK, and the determinants and consequences of recent trends. This includes analysing changes not only in average living standards but also in household income inequality and measures of income poverty and deprivation.

20 June 2018

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Living standards and the National Living Wage

Book Chapter
This chapter of the flagship annual publication 'Living standards, poverty and inequality in the UK' examines how the hourly wages, weekly earnings and living standards of people with low hourly wages have changed in the years after the introduction of the NLW.

15 June 2018

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Public spending on children in England: 2000 to 2020

Report

This report provides new estimates of total spending by the government on children in England, including benefits, education spending,services for vulnerable children and healthcare. In the most recent year of data (2017–18), total spending was over £120 billion or over £10,000 per child under 18.

12 June 2018

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Scottish income tax diverges further from rest of UK to raise more from high earners

Comment

For the new 2018–19 tax year, the Scottish higher-rate threshold has fallen further behind that in the UK, and two new income tax bands have been added in Scotland while the higher- and additional-rates have been increased. While most Scots will be either unaffected or pay slightly less in tax, overall the change will raise revenue as a result of higher earners paying more. This observation argues that while these changes represent small tweaks to the system rather than a major overhaul, differences between the Scottish and UK income tax systems could have significant implications for taxpayer behaviour going forward.

6 April 2018

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Free school meals under universal credit

Report

Eligibility for a free lunch was recently extended to all state school children in England and Scotland who are in Year 2 or below (i.e. up to age 6 or 7). For all other state school pupils in the UK, eligibility remains restricted by a means test so that free school meals (FSMs) go to a relatively narrow set of children in poor households. Around 1 million children currently receive means-tested FSMs: equivalent to 15% of those who are not entitled to universal FSMs. We estimate that around two-thirds of those children are in the lowest-income fifth of households with children.

5 April 2018

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IFS public economics lectures

Event 5 January 2018 at 09:30 <p>7 Ridgmount Street, London WC1E 7AE</p>
The Institute for Fiscal Studies is holding a day of talks on issues in public economics of interest to undergraduates in economics and related disciplines. The aim is to focus on the policy implications of research carried out at the institute.
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TAXBEN: The IFS tax and benefit microsimulation model

Resource

TAXBEN is the IFS’s tax and benefit microsimulation model, which calculates the impact of tax and benefit policy on households. It is used heavily in IFS’s work on the impacts of tax and benefit policy. This document gives a high level summary of TAXBEN, covering what policies and effects it does and does not include, and its limitations.

15 November 2017

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Benefit cuts mean the next few years look tough for poor families with children

Comment

Household incomes have fared very badly in the decade since the financial crisis. In 2015-16 (the latest data available), real median income in the UK was only 3.7% higher than it was at the start of the recession (2007-08) - usually incomes grow by around 2% each year. And new research from the Institute for Fiscal Studies suggests that if the government sticks to planned tax and benefit reforms, and the latest Office for Budget Responsibility's (OBR) macroeconomic forecast is right, that slow growth is likely to continue - averaging just 0.8% per year between 2015-16 and 2021-22.

2 November 2017

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A question of benefits

Comment

In April the government introduced cuts to the benefits system. Here we examine the main effects of the changes, who is and will be affected, and the ways in which future recipients of the allowance may respond.

1 July 2017

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Cracking the whip: spatial voting with party discipline and voter polarization

Journal article

I study a game theoretic spatial model of elections with many heterogeneous constituencies in which both party and candidate behavior are modeled. Parties choose a platform and a ‘whip rate,’ representing the proportion of final policy that will be made by the party, as opposed to by the successful candidates. Candidates are office-motivated and can choose both a platform and a level of advertising in order to defeat their opponent. It is shown that the introduction of whipping as a choice variable can cause party platforms to diverge and that parties will whip on some but not all issues, reflecting the empirical reality of parties influencing rather than determining policy outcomes exclusively.

26 June 2017