This report considers the extent to which differences in parental characteristics explain gaps in cognitive and socio-emotional development between children at older ages. It documents and explores the differences between children born to cohabiting and married couples for a range of other...

Why do the children of wealthy parents accumulate more wealth than children from poorer backgrounds? Does parental wealth have a role in determining young people's earnings, saving choices, returns to wealth and access to homeownership? How much wealth do parents give directly to their children?...

Some pro-Brexit MPs will not vote for the government's proposed Withdrawal Agreement because of its fine print: they think it will be written in indelible tablets of law that we can never change. But they forget that sovereign states will not indefinitely stay in treaties that do not suit them,...

The UK has been a net debtor over the past two decades and the sterling exchange rates are sensitive to any chaos that might occur in the Financial market. This paper examines the importance of the inter-national financial imperfections in the sterling exchange rate dynamics. We build a small...