Downloads
comm125.pdf
PDF | 864.72 KB
Behavioural economics is increasingly being used to inform and develop policy interventions. Perhaps the most visible use of behavioural economics has been the development of 'nudge' policies, which stress that changing the way choices are presented, or changing the environment in which decisions are made, can substantially alter behaviour. However, the lessons from behavioural economics run deeper than nudging alone and have enormous implications for more traditional policy levers as well. This report highlights this point through a detailed examination of the behavioural insights for tax and benefit policy.
Authors
Andrew Leicester
CPP Director, IFS Research Director
Imran is Professor of Economics at University College London and Director of the Centre for the Microeconomic Analysis of Public Policy at the IFS.
Associate Director
Peter joined in 2009. He has published several papers on the microeconomics of household spending and labour supply decisions over the life-cycle.
Report details
- DOI
- 10.1920/co.ifs.2012.0124
- Publisher
- IFS
Suggested citation
A, Leicester and P, Levell and I, Rasul. (2012). Tax and benefit policy: insights from behavioural economics. London: IFS. Available at: https://ifs.org.uk/publications/tax-and-benefit-policy-insights-behavioural-economics-0 (accessed: 19 April 2024).
More from IFS
Understand this issue
Spring Budget 2024: What you need to know
7 March 2024
Sure Start achieved its aims, then we threw it away
15 April 2024
Should we worry about government debt?
11 April 2024
Policy analysis
Oil and gas make Scotland’s underlying public finances particularly volatile and uncertain
27 March 2024
Living standards since the last election
21 March 2024
Major challenges for education in Wales
21 March 2024
Academic research
Labour market inequality and the changing life cycle profile of male and female wages
15 April 2024
The menopause "penalty"
18 March 2024
There and back again: women’s marginal commuting costs
2 April 2024