 Facts and figures about UK taxes, benefits and public spending.
Income distribution, poverty and inequality.
Analysing government fiscal forecasts and tax and spending.
Analysis of the fiscal choices an independent Scotland would face.
Case studies that give a flavour of the areas where IFS research has an impact on society.
Reforming the tax system for the 21st century.
A peer-reviewed quarterly journal publishing articles by academics and practitioners.
|
Type: Mimeos Authors: Michal Myck and Howard Reed
Volume, issue, pages: 7 pp.
This briefing note presents results from an application of the IFS dynamic labour supply model developed for the HMT and the DWP. The reports from the project (Reports 1-3) presented the background to the final model, its components and the methods of estimation used. In Report 3 we presented the estimated model and results of applying the model to simulate labour market behaviour following a 2p cut in the basic rate of income tax. Below, we model the overall effect of a package of tax and benefit reforms: the reforms introduced between 1997 and 2002, i.e. in the first six years of the Labour government. The reforms we model include all the major changes directly affecting the disposable incomes of households. Section 2 of this briefing note introduces the changes to the tax and benefit system between 1997 and 2002 which we model in the simulation. Results of the simulation are presented in section 3. Section 4 concludes. Search |
|
|
|
© The Institute for Fiscal Studies
Limited by Guarantee,Registered in England: 954616 7 Ridgmount Street London WC1E 7AE Registered Charity: 258815 VAT no: GB 394 5830 17 Website design by Pynk and Fluffy |
||||||
