Personal taxes and benefits affect the incentive to work over the lifecycle by altering income-age profiles, insuring against adverse shocks, and changing the returns to human capital. Previous work investigating the impact of taxes and benefits on work incentives has tended to ignore these...

Raising children and having a career both rate highly as important life goals for many people. Helping parents to achieve these goals is vital for society: parental care plays a crucial role in child development and parental employment promotes economic prosperity