Fiscal Incentives to Work and Marry
Fiscal Incentives to Work and Marry" Mike Brewer and Tom Clark show how New Labour's welfare reforms have changed people's financial incentives. No-one now faces poverty or unemployment traps (effective taxation rates of over 100%) though more people are covered by means tested benefits - blunting their incentives to work. It has become less attractive to find a partner and having a child has become more financially rewarding. "The impact on incentives of five years of social security reforms in the UK" is published by the Institute for Fiscal Studies.
By Institute for Fiscal Studies , UK.