[…] current period return. We do this by developing two new summary statistics – one that measures the dynamic payoff to work and the other that measures the impact of personal taxes and transfers on the dynamic payoff to work – and implement these using simulated data from a sophisticated dynamic model of education and […]

[…] However, tax expenditures—defined as deviations from an agreed benchmark tax system— are widely used in EU Member States, and little is known about their fiscal and distributional impact. This paper quantifies the fiscal and distributional impact of tax expenditures related to public and private contributory pension schemes, affecting both contributions and pension benefits, in […]

[…] work incentives on the other. In this paper we assess changes in tax-benefit policies over the full course of 1992-2018 along three dimensions: equity, efficiency and budgetary impact. We construct counterfactual distributions of disposable incomes under alternative tax benefit systems by means of the arithmetic microsimulation model EUROMOD. We summarize distributional effects of changes […]

We investigate the impact of nine types of adolescent (verbal, physical, indirect) school/domestic bullying on life satisfaction, and two mental health outcomes (emotional symptoms and hyperactivity/inattention) using the Understanding Society dataset during 2009-13. Bullying significantly increases hyperactive, inattentive and emotional symptoms and reduces life satisfaction. Non-domestic bullying has a stronger adverse impact on all […]

[…] data observed within ranges and a method of combining NHS episode cost data with Understanding Society data without exact individual-level matching. This allows us to estimate the impact of differences in personal characteristics and socio-economic status (SES) on cost outcomes. We find that a composite biomarker index approximating allostatic load is a powerful predictor of […]

We analyse the UK policy response to Covid-19 and its impact on household incomes in the UK in April and May 2020, using microsimulation methods. We estimate that households will lose a substantial share of their net income (7% on average). As a proportion of income, the losses due to the crisis are largest […]

We analyse the UK policy response to Covid-19 and its impact on household incomes in the UK in April and May 2020, using microsimulation methods. We estimate that households will lose a substantial share of their net income (7% on average). As a proportion of income, the losses due to the crisis are largest […]

[…] and financial situation, and how this differs among different groups of the UK population. This research aims to identify who has felt the deepest and the longest-lasting impact on their financial situation and their mental health from the COVID-19 pandemic, and how these two impacts are related. By using data collected both before and […]

[…] of the Covid-19 pandemic on productivity. Productivity and the Pandemic features 21 chapters authored by 46 experts, examining different aspects of how the pandemic is likely to impact on the economy, society and governance in the medium- and long-term. Drawing on a range of empirical evidence, analytical arguments and new conceptual insights, the book […]

This paper assesses the impact on household incomes of the COVID-19 pandemic and governments’ policy responses in April 2020 in four large and severely hit European countries: Belgium, Italy, Spain and the UK. We provide comparative evidence on the level of relative and absolute welfare resilience at the onset of the pandemic, by creating […]