The paper investigates the short run responsiveness of National Health Service (NHS) nurses' labour supply to changes in wages of NHS nurses relative to wages in outside options available to nurses, utilising the panel data aspect of the Annual Survey of Hours and Earnings. We find the short run...

The UK has enacted a number of reforms to the structure of disability benefits, which has made it a major case study for other countries thinking of reform. The introduction of Incapacity Benefit in 1995 coincided with a strong decline in disability benefit expenditure, reversing previous sharp...

In this book, we examine in detail some of the key risks to the Chancellor’s plans for reducing the deficit. We set out in detail what has been happening in the housing market and the role of government policies aimed, at least in part, at boosting homeownership. We also document what has been...

This report presents projections of mortality, family composition, health, care receipt, care provision, labour supply and receipt of disability benefits for people aged 65 and over from 2010-11 through to 2022-23, as well as projections of their wealth and incomes, in order to offer commentary...

This report looks at trends in public sector pay and compares these with what has been happening in the private sector. We start by analysing the overall levels of public and private sector pay, including how they have evolved over recent years and the differences after accounting for the...

[Preface ...] In this book, we examine how the public finances, and the plans for fiscal consolidation, have evolved during this parliament. We set out what has happened to the pay of different groups, and assess the current direction of travel as real earnings growth slowly returns. We consider...

Faced with ageing populations, OECD governments are seeking policies to increase individual retirement saving. In April 2001, the UK government introduced Stakeholder Pensions – a low cost retirement saving vehicle. The reform also changed the structure of tax-relieved contribution ceilings,...

The Department for Work and Pensions (DWP)’s Pensim2 model is a dynamic microsimulation model. The principal purpose of this model is to estimate the future distribution of pensioner incomes, thus enabling analysis of the distributional effects of proposed changes to pension policy. This paper...

We summarise what economic theory predicts about how retirement savings decisions are affected by marginal withdrawal rates created by the tax, tax credit and benefit system, and by the information individuals are provided with. All these predictions vary across individuals with their...