ESRC Centre for the Microeconomic Analysis of Public Policy (CPP) at IFS

The ESRC Centre for Microeconomic Analysis of Public Policy is central to the research carried out and disseminated by IFS. The IFS as a whole seeks to carry out empirical microeconomic work of the highest quality and relevance, and to impact on policy and the public debate.   CPP logo

The ESRC Centre is fundamental to the Institute’s success. It provides the long-term funding that allows IFS to carry out groundbreaking independent research in economics and microeconometrics, and to invest in developing a unique range of models and datasets. It is only through ESRC Centre funding that the IFS is able to maintain the combination of impartiality, rigour and authority which are essential if we are to continue to achieve wide-ranging impact on policy and to inform the public debate. It ensures that any evidence given at a select committee, appearance on broadcast media or briefing to ministers or industry leaders is underpinned by deep, unbiased intellectual foundations.

 

The Centre has received funding from the ESRC for five years from autumn 2015. A launch event was held on Friday 15 October.

 

Centre funding contributes to the website, Microeconomic Insights, which is a home for accessible summaries of high quality microeconomic research which informs the public about microeconomic issues that are, or should be, in the public’s eye.

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Factors associated with the presence of domestic energy efficiency measures in England

| Journal Articles

We use cross-sectional household survey data in England between 2002–03 and 2010–11 to explore potential barriers to ownership of three common energy efficiency measures (loft insulation, cavity wall insulation and full double glazing) in residential properties. There is little compelling evidence that credit constraints, as proxied by income, education or means-tested benefit receipt, inhibit ownership. Failures in landlord–tenant relationships, though, are a key issue: private renters are significantly less likely to have the measures in their homes than other tenure groups. More broadly, it is the characteristics of the dwelling rather than of the occupants which are most strongly related to the presence of the measures. However, relatively few factors are consistently associated with lower ownership rates over time and efficiency measures, suggesting that policies to encourage increased take-up may need to be tailored to the specific measure.

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Richard Blundell wins Nemmers Prize in Economics

IFS Research Director, Professor Sir Richard Blundell, has been awarded the Erwin Plein Nemmers Prize in Economics for his "important contributions to labor economics, public finance and applied econometrics".

The Nemmers Prize is awarded for achievement and work of lasting significance in the field of economics. In particular, the prize recognizes major contributions to new knowledge or the development of significant new modes of analysis. Recipients are selected in even-numbered years, and as a condition of the award, spend several weeks in residence at Northwestern University interacting with students and faculty.

Blundell is the first British winner of this prestigious prize, often considered second only to the Nobel prize.  His work covers the empirical microeconomic study of consumer, savings and labor supply behavior. He has developed micro-data based models for intertemporal decisions over labor supply, human capital and consumption. Blundell also has analyzed family labor supply behavior and the interaction between consumer and labor supply behavior, while developing new microeconometric tools for the study of dynamic panel data models and the nonparametric analysis of individual decisions.

As the prize winner, Professor Blundell will give the Nemmers Prize Lecture on "Household Behaviour and the Dynamics of Inequality" on Wednesday 17 May 2017 at Northwestern University.

Pictures

Professor Sir Richard Blundell (Institute for Fiscal Studies and University College London), Professor Larry Christiano (Chair of Economics department, Northwestern) and Dan Linzer (Provost of Northwestern).

 

Professor Sir Richard Blundell delivering his lecture.

 

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