Sorry, we’re closed: Understanding the impact of retail’s decline on people and places

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Headlines about shop closures might give the impression that retail’s decline is a recent phenomenon, but retail’s share of employment has been falling for 15 years. This report digs behind this long-run trend, driven by changes in what we spend and how we spend it, and focuses in on what really matters when it comes to economic change: people and places.

Back in Credit?

Universal Credit after Budget 2018

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This briefing note focuses on the implications of recent changes to Universal Credit – in particular the £1,000 increase in work allowances announced in Budget 2018 – for the number of winners and losers from the switch to this new benefit system, for its generosity and for its impact on work incentives.

The million dollar be-question: inheritances, gifts, and their implications for generational living standards

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This report assesses the role that intergenerational family transfers – inheritances and gifts – play in Britain. It provides a detailed assessment of past gifts and inheritances, and estimates the timing and distribution of future intergenerational transfers of property wealth to the millennial generation.

The generation of wealth: asset accumulation across and within cohorts

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Family wealth in 21st Century Britain is huge and growing, rising from £9.9 trillion before the financial crisis to over £11 trillion in the most recent data – more than six times our national income. Significant increases have come from house price rises in the 1990s and 2000s, followed by major growth in private pension wealth more … Continued

Study, Work, Progress, Repeat? How and why pay and progression outcomes have differed across cohorts

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This paper is the fifth report for the Intergenerational Commission, which was launched in the summer of 2016 to explore questions of intergenerational fairness that are currently rising up the agenda and make recommendations for repairing the intergenerational social contract. It attempts to understand the concerning finding that millennials who have entered work so far … Continued

Living standards
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Demographics
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Intergenerational Centre
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Political parties and elections

Votey McVoteface: Understanding the growing turnout gap between the generations

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Renewing the intergenerational contract relies on broad engagement in the democratic process across the generations. This is not least the case because any new policy agenda will require public support, in order for democratically-elected politicians to pursue it. In this light, the generational turnout gap that has opened up since the mid-1990s – and was … Continued

Social care
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Labour market
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Low pay
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Pay
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Minimum wage

Rising to the challenge: early evidence on the introduction of the National Living Wage in the social care sector

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While broadly welcomed by business, the introduction of the National Living Wage (NLW) – the new higher minimum wage for workers aged 25 and over – has sparked some concerns about affordability and prompted discussions around likely employment responses – especially in lower-paying sectors where the wage increase is set to bite hardest. It will … Continued

Stagnation Generation: the case for renewing the intergenerational contract

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Just like families, states and societies are underpinned by a social contract between the generations – collectively supporting each of us through the stages of our lives, and crucially doing so fairly. But this contract looks at risk of fraying. Even before the EU referendum result highlighted big differences between the generations, with the under … Continued

Retention deficit: a new approach to boosting employment for people with health problems and disabilities

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The government has positioned halving the disability employment gap as a central challenge for the UK labour market. To make significant progress on this ambition, a comprehensive set of changes will be needed, alongside a cultural shift in how we view the connections between disability, health and employment in this country. The Green Paper on … Continued

The RF Earnings Outlook Q4 2015

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In terms of measured jobs market performance and the broader earnings picture, the key recent change has been a gloomier view on productivity, due both to poor Q4 outturns and in particular the downward forecast revisions at last month’s Budget. The productivity disappointment has been mirrored in more muted real average weekly earnings growth. The latest … Continued

The road to full employment: what the journey looks like and how to make progress

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‘Full employment’, for so long considered an unreachable relic of a bygone age, is back on the agenda. That it is once again part of economic and political debates is testament to the UK’s remarkably strong employment performance in recent years. A record-high employment rate is something few people would have thought possible this soon … Continued

The RF Earnings Outlook Q3 2015

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The publication last month of the most reliable and comprehensive source on earnings presented a more muted picture of the early stages of the pay recovery than the more timely monthly series had indicated. More encouraging was the information below the headlines, particularly the fact that the recovery was strongest among the lowest earners. In … Continued

Care to pay? Meeting the challenge of paying the National Living Wage in social care

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The announcement of the National Living Wage is extremely welcome news for care workers, spelling a pay rise for up to 1 million of them by 2020 and having a significant impact on household budgets. Other recent developments have the potential to spur further improvements for a workforce that is poorly paid and faces casualised … Continued

The RF Earnings Outlook Q2 2015

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Recent instalments of labour market data have painted a picture of steady but unspectacular growth in nominal wages, combined with zero inflation, producing real average weekly earnings growth above the pre-crisis trend. Labour productivity has started to rise but is essentially unchanged from its 2008 level, fuelling concerns that the pay recovery may prove short-lived … Continued

Low Pay Britain 2015

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This is our fifth annual report on the prevalence of low pay in Britain. It uses the latest data available (2014) to map out the scale of low pay and the groups that are most affected. It shows how this has changed over recent decades and looks at what the coming years might hold, particularly … Continued

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