Standard methods for estimating production functions in the Olley and Pakes (1996) tradition require assumptions on input choices. We introduce a new method that exploits (increasingly available) data on a firm’s expectations of its future output and inputs that allows us to obtain consistent...

Policy-makers have increasingly turned to ‘in-work transfers’ to boost incomes among poorer workers and strengthen work incentives. One attraction of these is that labour supply elasticities are typically greatest at the extensive margin. Because in-work transfers are normally subject to...

Social housing providers - local authorities and housing associations - fulfil at least three functions: building housing, acting as landlord and delivering subsidised rent levels. This report focuses on the last of these. Specifically, we analyse the consequences for tenants, social housing...