The research carried out at the IFS aims to better understand the economic behaviour of individuals, families and firms, the functioning of markets, how economic and social policies affect all these and how such policies can be designed in the most effective way. To make major scientific progress in these areas, our research is supported by rigorous use of economic modelling, cutting edge empirical methods and rich data. It often leads to the development of innovative models, methods and techniques. In the past, these included key advances on empirical methods to assess the impact of policy interventions on economic outcomes, to model and measure income risk or to measure how labour supply responds to financial incentives to work. We continue to make advances on these areas with a focus on developing models and methods to study the dynamic behaviour of individuals and firms, the structure of the education, labour and marriage markets, and their implications for policy design and evaluation.
IFS also produces a wealth of resources, including software tools, method surveys and pedagogical video-clips on key methods, which are publicly available for use by the larger research community.
Jointly with the Department of Economics at the University College London, IFS hosts the Centre for Microdata Methods and Practice (cemmap), a research centre that aims to develop, apply and improve the understanding of empirical methods for economic analysis.