The Dynamic of Welfare: The Welfare State and the Life CycleJane Falkingham, John Hills A study based on a recent work by the Welfare State Programme at the London School of Economics, this work examines the impact of the welfare state as a means of redistributing incomes. It includes the results of an LSE microsimulation model of lifetime incomes, taxes and benefits. |
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Contents
The Market the State and the Distribution of Life Cycle | 21 |
2 | 39 |
3 | 48 |
Copyright | |
11 other sections not shown
Common terms and phrases
allocated allowing alternative amount analysis annual annualised assumed assumption average base basis bottom capital cash benefits cent Chapter child cohorts compared contributions cost cross-sectional cumulative cycle decile group direct taxes discussed earnings economic effects equal sharing equivalent net income examine expenditure experience fall Figure final finance future gain give given Government gross income growth higher incidence income distribution increase individuals interpersonal kind labour later less LIFEMOD lifetime income limit living standards loan lone lone mothers lone parent look lower married means measures Note original income paid pattern payments pension period person poor population position present proportion ranked receipts receive redistribution reduced relative repayment retirement rise scheme shows single social security spending Table transfers unemployment variation welfare whole women