Peter is a Research Economist in the Consumption sector. He joined the IFS in September 2009. His current work covers issues around inflation, environmental taxes, and consumption and savings decisions over the life-cycle.
By this expert
There is a renewed interest in the size of labour supply elasticities and the discrepancy between micro and macro estimates. Recent contributions have stressed the distinction between changes in labour supply at the extensive and the intensive margin. In this paper, we stress the importance of individual heterogeneity and aggregation problems.