 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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Type: Book Chapters
Published in: What's the good of education? The economics of education in the UK (Machin, S. and Vignoles, A. (eds.))
The chapter on Measuring the Returns to Education explores the question of how the quantification of the individual wage gain from education does or could feed into policy, and in particular the contribution it can give to the issue of underinvestment in education. Issues which are more methodological in nature are then highlighted to give the non-technical reader an intuition and flavour of the various methods used in recent specialist research. The various methods are in turn applied to a common and very rich dataset (the NCDS cohort) to obtain the latest estimates of the returns to different educational qualifications in the UK. After interpreting and discussing the results, the chapter concludes by pointing out the limitations the policy-maker should be aware of when trying to use the estimates for policy purposes. Search |
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