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is in paid work. Working households comprised 37% of those below the official poverty line in 1994-95 and 58% in 2017 …-18. Much of that increase is due to trends that seem straightforwardly positive: lower poverty rates among pensioners and … rate of poverty in house holds where someone works. We examine the reason for the increased in-work relative poverty rate …
Persistent link: https://www.econbiz.de/10012265310
Individuals vary considerably in how much they earn during their lifetimes. This study examines the role of the tax-and-transfer system in mitigating such inequalities, which could otherwise lead to disparities in living standards. Utilizing a life-cycle model, we determine that taxes and...
Persistent link: https://www.econbiz.de/10014480488
In this paper we look at lifetime inequality to address two main questions: How well does a modern tax system, based on annual information, target lifetime inequality? What aspects of the tranfser system are most progressive from a lifetime perspective? To answer to these questions it is crucial...
Persistent link: https://www.econbiz.de/10010331018
This paper examines the distributional impact of increases to out-of-work transfers, increases to work-contingent transfers, and increases in higher rates of income tax over the whole of life. We find that, in contrast to what is implied by standard snapshot analyses, increases to...
Persistent link: https://www.econbiz.de/10012028703
The distributional impact of proposed reforms plays a central role in public debates around tax and transfer policy. We show that accounting for realistic patterns of mobility in employment, earnings and household circumstances over the life-cycle greatly affects our assessment of the...
Persistent link: https://www.econbiz.de/10011786831