Time-limited in-work credits are cheaper, and more targeted, than conventional in-work credits, but are thought to have small to zero long-term impacts. We study two time-limited in-work credits introduced in the mid-2000s in the UK and find they reduced welfare participation and increased...

This paper makes use of newly linked administrative data to better understand the determinants of higher education participation amongst individuals from socio-economically disadvantaged backgrounds. It is unique in being able to follow two cohorts of students in England ﾖ those who took GCSEs...

The recent surge in inflation, driven by spectacular increases in energy prices, has driven sharp falls in household living standards, huge government intervention to try to mitigate it, and serious policy headaches. As such it continues to be the backdrop behind many of the most pressing issues...

This report is designed to provide new evidence on retirement patterns in the UK, as part of the Pensions Review, a larger project run by the IFS in partnership with the abrdn Financial Fairness Trust, which is examining the future of financial security in retirement. Understanding patterns of...

The reason why both earnings growth and inflation matter for the state pension is the pensions 'triple lock'. In place since 2011 (except for a one-year temporary suspension in 2022), under the triple lock the state pension rises in line with the highest of CPI inflation, average earnings growth...

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...

The current decade is one of significant fiscal austerity for government spending. The coalition government that came to power in 2010 has embarked on a path of fiscal consolidation that is now expected to last at least seven years (up to 2017-18), with tax increases and spending cuts that are...

Higher education (HE) participation has expanded dramatically in England over the last half century; however, access to HE amongst particular groups of students remains a major policy concern. This report makes use of newly linked administrative data to better understand the determinants of...