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Centre for Economic Research on Ageing, Institute for Fiscal Studies

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Centre for Economic Research on Ageing, Institute for Fiscal StudiesResearch Funder/Centre

Type of institution

Research centre



The centre for economic research on ageing is directed by Professor James Banks and comprises a group of empirical microeconomists who work at the Institute for Fiscal Studies and University College London. Central to the research agenda is the analysis of economic decisions over the life-cycle and, in particular, saving, pensions and retirement choices. At the heart of the centre is the design, and econometric analysis, of individual level data on all aspects of later life, including economic and social position, health and cognitive function. Such data is becoming increasingly available in many countries and cera researchers are working actively with economists and non-economists both nationally and internationally to bring the analysis of such data to the forefront of the policy debate. In particular, the centre is engaged in collaborative work with similar groups of economists in Europe and the US and with medical and sociological researchers at the Department of Epidemiology and Public Health at UCL.


The issues raised by ageing populations, and in particular the topics of retirement, saving and pension provision, are some of the most important policy issues currently facing the government. Increasingly, economists are developing new techniques and collecting new data designed to understand such issues, and researchers at the Institute for Fiscal Studies have been at the forefront of these activities in the UK. The centre for economic research on ageing gathers together IFS research in these areas and takes it forward on a coherent basis, targeting the research towards the key public policy questions in the economics of ageing.

Main research areas

Research at the Centre covers all areas related to the economics of ageing populations, in particular:

Incomes of the elderly and economic inequalities in the older population

Financial asset holding and retirement saving

 Pension provision and pension reform

The nature and timing of retirement decisions

 Health, disability, disability benefits and labour market activity of older workers

International comparative research on the above issues The design and collection of new data for studying ageing

Research disciplines

Basic natural sciences,Medical/Clinical Sciences/Nursing,Social/Behavioral,Economics,Demography


Professor James Banks


The Institute for Fiscal Studies
Third floor
7 Ridgmount Street
United Kingdom


020 7291 4800


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