In most industrialized countries the tax burden of poor people has increased dramatically over the last few decades. This book analyses both the political origins of this increase and its consequences for the labour market

"Combining theoretical and practical aspects of policy analysis, this book evaluates actual and proposed policy reforms to income tax and transfer systems, using a behavioural tax microsimulation model. It highlights how these models allow for the full details of tax systems and the considerable...

Preface -- 1. Introduction -- 2. Growth and distribution: the last 300 years -- 3. Growth and distribution: the Kaleckian perspective -- 4. An integration of the real and the monetary economy -- 5. Financial flows, distribution and capital controls -- 6. Epilogue: challenges and possibilities.

1. Introduction -- Part I: basic concepts -- 2. Piketty's contribution -- 3. Measurement -- 4. Inequality and aggregate demand -- Part II: endogenous dynamics and instability -- 5. Aggregate demand, growth and instability -- 6. Wealth, public debt and instability -- 7. Recursive workhorses --...

In Fiscal Policy and Social Welfare John Creedy examines alternative tax and transfer systems and their redistributive effects. Drawing on original research, this volume concentrates on modelling tax structures and their implications for social welfare and income distribution. After reviewing...