Dr Peter Levell: all content

Showing 101 – 120 of 138 results

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Constructing full adult life-cycles from short panels

Working Paper

We discuss two alternative approaches to constructing data on complete adult life-cycles using an 18-year panel: a splicing approach (closely related to imputation) and a microsimulation approach. We find the microsimulation approach is to be preferred because it allows us to correct for observable differences across cohorts, and it is more amenable to counterfactual modelling.

16 January 2015

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Public economics lectures

Event 15 December 2014 at 09:00 <p>7 Ridgmount Street<br />London<br />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 will be to focus on the policy implications of research carried out at the institute.
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Possible changes to the Retail Prices Index: what they are and why they matter

Comment

In October the Office for National Statistics announced a consultation on possible reforms to the way in which one measure of inflation used in the UK, the Retail Prices Index, is calculated. This observation discusses what the proposed changes are and highlights that they could have far-reaching consequences.

27 November 2012

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Comparing household inflation experiences measured by the CPI and RPI

Working Paper

In October 2012, the ONS announced a consultation on whether the statistical methods used to calculate the Retail Prices Index (RPI) should be changed to bring them closer in line to those used in the Consumer Prices Index (CPI). Previous IFS work has looked at how inflation rates varied across different households, using survey data on household expenditure to calculate RPI-based measures of household-specific inflation. This paper analyses whether CPI-based measures give similar results and the reasons behind any differences.

2 November 2012

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Behavioural economics and tax reform

Comment

There is growing interest in how behavioural economics can be used effectively by policymakers. This observation considers some of the broad implications of behavioural insights for tax and benefit policy, drawing on new IFS research which explores the issues for particular aspects of policy in this area.

19 July 2012

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Inconsistent and inefficient UK carbon prices

Comment

The UN Climate Change Conference begins in Durban, South Africa, on the 28th November. One of its primary aims is to reach agreement on ways to reduce carbon emissions. Good policy is required to achieve reductions efficiently, including a consistent (preferably global) carbon price. However, a consistent price does not currently exist. Within the UK, there are a myriad of policies in place which create substantial divergences in effective carbon prices. We have some way to go to get the basics right for an efficient national policy; the global challenges will be much greater.

25 November 2011