This paper evaluates a novel form of fiscal stimulus: a temporary cut in the rate of Value Added Tax (VAT). In December … bring forward their purchases and we find a significant fall in sales after the VAT cut ended. Thus an indirect tax cut …

Standard economic theory implies that the labelling of cash transfers or cash-equivalents (e.g. child benefits, food …

In this paper we provide an overview of the literature relating labour supply to taxes and welfare benefits with a … free choice over their hours of work. We then consider fixed costs of work, the complications introduced by the benefits … work is that in order to estimate the impact of tax reform and be able to generalise results, a structural approach that …

the lowest earnings capacity, the tax and benefits system does achieve life-cycle redistribution. Other policies like … blocks of lifetime disparities. We look at lifetime inequality and the redistribution properties of taxes and benefits using … system and is estimated on UK longitudinal data covering the 1990s and early 2000s. We show that the tax and benefits system …

-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 work-contingent benefits are just as effective at redistributing resources to the … lifetime poor as increases to out-of-work benefits. This has important implications for the equity-efficiency trade …

in the UK context: (i) changes to out-of-work versus in-work benefits, (ii) adjustments to income tax rates, and (iii …The distributional impact of proposed reforms plays a central role in public debates around tax and transfer policy. We …-cycle greatly affects our assessment of the distributional effects of tax and transfer reforms. We focus on three reforms modelled …

the lowest earnings capacity, the tax and benefits system does achieve life-cycle redistribution. Other policies like … blocks of lifetime disparities. We look at lifetime inequality and the redistribution properties of taxes and benefits using … system and is estimated on UK longitudinal data covering the 1990s and early 2000s. We show that the tax and benefits system …

structure of tax-relieved contribution ceilings, increasing their generosity for lower earning individuals. We examine the …

years of reforms on a range of incentives across the British population, undertaking micro-simulations on survey data. The … generally been dulled. Effective marginal tax rates have generally increased for workers, in spite of reductions in benefit …

after five years, consistent trends in social security policy have emerged: there is a willingness to increase benefits; a … “work-first” focus; increasing centrality for benefits that relate to ‘need’, which has involved expanded means-testing; a … downgrading of contributory benefits; and, a desire to reduce poverty by redistributing to particular demographic groups. Many of …