Facts and figures about UK taxes, benefits and public spending.
Income distribution, poverty and inequality.
Analysing government fiscal forecasts and tax and spending.
Analysis of the fiscal choices an independent Scotland would face.
Case studies that give a flavour of the areas where IFS research has an impact on society.
Reforming the tax system for the 21st century.
A peer-reviewed quarterly journal publishing articles by academics and practitioners.
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Funded by:
Economic and Social Research Council (ESRC)
Date started: 01 June 2002
.Understanding individuals responses to relative price changes is central to almost every area of applied economics and policy formation. Yet the reliable estimation of these remains a difficult problem for researchers and policy-makers, with a main difficulty being the choice of an empirical specification of demand relations which is consistent with the theory, the data and common sense. This research will develop and apply practical nonparamethc methods for analysing household-level demand data in terms of both market goods and observable product characteristics, based on revealed preference restrictions. There will be three main elements in the research agenda: i) the derivation of consumers demand responses to price changes without the need to write down and rely upon particular mathematical models for demand, ii) improving the practicality of existing tests designed to tell whether goods can be grouped together with others or whether they should be modelled separately iii) the development of tests and adaptations of the above procedures and theory such that demands can be modelled in terms of the characteristics embodied in goods and well as marketed goods themselves
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