Timothy Besley is School Professor of Economics of Political Science and W. Arthur Lewis Professor of Development Economics in the Department of Economics at LSE. He is also a member of the National Infrastructure Commission and was President of the Econometric Society in 2018. He is a Fellow of the Econometric Society and the British Academy, and a Foreign Honorary Member of the American Economic Association and the American Academy of Arts and Sciences.Irene Bucelli is a Research Officer at the LSE School of Public Policy and programme coordinator for the Beveridge 2.0: Redefining the Social Contract. She is also a Research Officer at the Centre for Analysis of Social Exclusion at LSE where her research focuses on multidimensional inequality, poverty and deprivation.