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incomes, including among poorer households, and to raise welfare. Our results suggest that in-work transfers could be refined …Policy-makers have increasingly turned to 'in-work transfers' to boost incomes among poorer workers and strengthen work …-work transfers are normally subject to earnings-related phase-outs, they tend to most strongly incentivise part-time work, weakening …
Persistent link: https://www.econbiz.de/10014480501
We document empirical life cycle profiles of wages, earnings, and hours of work for pay from the Panel Study of Income Dynamics, following the same workers for up to four decades. For six of the eight cohorts we analyze the wage profile does not decline with age (not before 65, at least), while...
Persistent link: https://www.econbiz.de/10011730125
especially for women with more than basic formal education. For those with lower education the welfare programs are shown to have …
Persistent link: https://www.econbiz.de/10013082137
especially for women with more than basic formal education. For those with lower education the welfare programs are shown to have … income support and to tax cuts, except by those in the highest education group. -- labour supply ; human capital ; welfare …
Persistent link: https://www.econbiz.de/10009740422
the UK, exploiting policy changes. We analyze both the incentive effects and the welfare implications of tax credits and …
Persistent link: https://www.econbiz.de/10013024480
-time employment, and especially for women with more than basic formal education. For those with lower education the welfare programs …
Persistent link: https://www.econbiz.de/10013035683
the UK, exploiting tax and benefit reforms, and use it to analyze the effects of welfare policy. We find substantial … credits are welfare improving in the UK and increase lone-mother labor supply, but the employment effects do not extend beyond … the period of eligibility. Marginal increases in tax credits improve welfare more than equally costly increases in income …
Persistent link: https://www.econbiz.de/10012996582
We develop a model of retirement and human capital investment to study the effects of tax and retirement policies. Workers choose the supply of raw labor (career length) and also the human capital embodied in their labor. Our model explains a significant fraction of the US-Europe difference in...
Persistent link: https://www.econbiz.de/10013107845
Fiscal policy in the U.S. and other countries renders intertemporal budgets non-differentiable, nonconvex, and discontinuous. Consequently, assessing work and saving responses to policy requires global optimization. This paper develops the Global Life-Cycle Optimizer (GLO), a stochastic...
Persistent link: https://www.econbiz.de/10014528375
-of-household, who redistributes resources among household members so as to maximise overall welfare. Using data from the Longitudinal … in-kind transfers from their children to a value of between 22% and 86% of what the child receives in EMA. This means we … the child produces higher child welfare than if the equivalent transfer were made to parents. …
Persistent link: https://www.econbiz.de/10010477535