Welfare-to-Work, Wages and Wage Growth
This paper considers how in-work income support programmes might impact on individual wage growth
Documents
Details
HM Revenue and Customs Working Paper 3: Welfare-to-Work, wages and wage growth
In-work welfare programmes aim to improve incentives for people without work to move into employment. From 1998 to 2003, in the United Kingdom, the Working Families바카라 사이트™ Tax Credit (WFTC) has been one such income supplement programme.
This paper considers how the incentive effects of WFTC would impact on wages, and the growth in wages, of a given individual.
The WFTC was part of a range of policies that attempt to 바카라 사이트śmake work pay바카라 사이트ť, but its proximate aim was to provide earnings supplementation for working low-wage families with children and so reduce child poverty.