Andrew Hood

Andrew Hood

Research Economist

Education:

MSc Economics (Distinction), University College London, 2015 

BA Philosophy, Politics and Economics (1st Class), University of Oxford, 2012

 

Andrew joined the IFS in 2012 and works in the Income, Work and Welfare sector. His current work includes analysis of the effect of taxes and benefits on the income distribution, and investigating the role of inheritances in explaining inequalities in consumption and wealth. 

 

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Strongest employment growth in twenty five years in 2014-15 pushed average incomes above previous peak

| Observations

Median household income in the UK rose by 3% in 2014–15 after adjusting for inflation. This was the fastest rise in average incomes since the early 2000s, finally taking median income 1% above its previous peak, and was accompanied by income growth right across the distribution. These are the most striking findings from today’s release of the latest official statistics on the distribution of household income by the Department for Work and Pensions (DWP).

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