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Recessions, income inequality and the role of the tax and benefit system

Andrew Hood
Presentation

1.The effects of past recessions on living standards


•What explains their different impacts on income inequality?
•What is the role of the tax and benefit system?


2.The protection households have against the next recession


•To what extent will the tax and benefit system help different groups?
•How will working-age benefit changes being rolled out affect that?

Deaton inequality website

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Report summary
This paper summarises a working paper estimating the effects of entering the labour market when the economy is weak on subsequent living standards using consistent long-running household survey data from the UK.
IFS Working Paper W17/27
This paper estimates the effects of entering the labour market when the economy is weak on subsequent living standards using consistent long-running household survey data from the UK.
Press release
A new report, published today by the Institute for Fiscal Studies (IFS) and funded by the Nuffield Foundation, shows that leaving education when the economy is weak can have lasting effects on your pay and employment – even once the wider economy has returned to normal. However, young adults’ ...