The poverty trade-off: work incentives and income redistribution in Britain
Policy Press, Sep 18, 2006 - Business & Economics - 56 pages
Two of the strategies that governments have to help people on low incomes - providing direct financial support and encouraging them to earn more - generally conflict. This report provides new evidence on the trade-off between redistributing income and improving work incentives. Drawing on large-scale survey data spanning the last 26 years, the report analyses the incomes and work incentives facing thousands of individuals and families, and how they are affected by the tax and benefit system. It: shows how work incentives vary across the population and how this has changed since 1979; estimates how far tax and benefit reforms have been responsible for changes in work incentives; compares these trends with trends in poverty and inequality; examines how various policy options for the future would affect the distributions of both income and work incentives. The poverty trade off is aimed at policy makers, academics and students in the field of taxation and welfare reform, and all those who wish to improve their understanding of the trade-off between redistributing income and improving work incentives.
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Measuring financial work incentives
Poverty inequality and work incentives over time
The effects of possible tax and benefit reforms on work incentives
2 other sections not shown
0.5 percentage point 25th centile adults aged adults receiving aged over 55 April 2005 tax average work incentives benefit changes benefit system benefit taper rate benefits and tax child element child poverty child tax credit CN CN containing any adults council tax benefit d d d d d d decomposition disability benefit earnings effective marginal tax element of CTC Excludes families containing Family Resources Survey financial work incentives Gini coefficient HM Treasury housing benefit taper incentives and redistribution incentives to progress income distribution individuals jobseeker's allowance lone parents marginal tax rates mean EMTR means-tested benefits median mothers in couples NICs Notes and sources out-of-work income participation tax rate poorest poverty and inequality rates at 40 receiving a disability reduce poverty reform we consider replacement rate rise Resources Survey 2002-03 second pension self-employed strengthen work incentives tagging tax and benefit tax credits TAXBEN under April wage weaken work incentives