Alma Economics conducted a comprehensive review of tax incentives and the channels through which they affect investment on skills acquisition and training for the UKCES.

To examine the impact of different approaches, our econometricians developed a sophisticated microsimulation model. The model explored pay and training decisions of different individuals using data from several large surveys. The model also estimated the impact of training on employee productivity as well as examining overall Exchequer costs associated with subsidised training.

The final report presented the research findings using clear, non-technical language and practical recommendations, helping to drive the policy debate forward.

➥ You can read the review here.