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comm82.pdf

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<p>This commentary discusses the rationale for directing financial support to families with children and assesses options for a new integrated child credit. It shows how the government intends to reform the existing system to separate out the 'adult' and 'child' components of financial support, and analyses various alternatives for how the integrated child credit could be structured to meet the costs of children in different sorts of households. It also assesses how the integrated child credit could respond to changes in income and family circumstances. In doing this, it examines the economics of financial support for children and the evidence on the 'cost' of children, and assesses both the objectives set by the government for an integrated child credit and other criteria that should be used to evaluate its eventual success.</p>