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Welfare & Social Security

Assets and Debts of UK Households

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Assets and Debts of UK Households James Banks, Zoë Smith and Matt Wakefield set out the distribution of both wealth and debts held by UK households - allowing a comprehensive picture of net wealth to be drawn for the first time. One of the key findings is that half the population have net financial wealth of GBP600 or less. As the research draws upon panel data it is also possible to see how people's assets and debts change over time. For example, over half of those with zero financial wealth in 1995 had accumulated some wealth by 2000. "The Distribution of Financial Wealth in the UK: Evidence from 2000 BHPS Data" is published by Institute for Fiscal Studies.

 

By Institute for Fiscal Studies , UK .

Welfare and Social Security Policy Resource.


Pensions and Retirement

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Pensions and Retirement This briefing note assembles the existing microeconomic evidence and sets out economic arguments relating to the current debate on the ageing population, the timing of retirement, and the adequacy of financial provision for retirement in the UK. "Retirement, pensions and the adequacy of saving" by James Bank, Richard Blundell, Richard Disney and Carl Emmerson is published by Institute for Fiscal Studies

 

By Institute for Fiscal Studies , UK .

Welfare and Social Security Policy Resource.


Fiscal Incentives to Work and Marry

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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 Institute for Fiscal Studies

 

By Institute for Fiscal Studies , UK .

Welfare and Social Security Policy Resource.