The distributional effects of tax-benefit policies under New Labour : a Shapley decomposition

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Title: The distributional effects of tax-benefit policies under New Labour : a Shapley decomposition
Authors: Bargain, Olivier
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Date: Feb-2009
Online since: 2010-11-26T14:19:19Z
Abstract: Using counterfactual microsimulations, Shapley decompositions of time change in inequality and poverty indices make it possible to disentangle and quantify the relative effect of tax-benefi…t policy changes, compared to all other effects including shifts in the distribution of market income. Using this approach also helps to clarify the different issues underlying the distributional evaluation of policy reforms. An application to the UK (1998-2001) con…firms previous fi…ndings that inequality and depth of poverty would have increased under the …first New Labour government, had important reforms like the extensions of income support and tax credits not been implemented. These reforms have also contributed to substantially reduce poverty among families with children and pensioners.
Funding Details: Not applicable
Type of material: Working Paper
Publisher: University College Dublin. School of Economics
University College Dublin. Geary Institute
Series/Report no.: UCD Centre for Economic Research Working Paper Series; WP 09 07; UCD Geary Institute Discussion Paper Series; WP2009/18
Keywords: Tax-benefit policyInequalityPovertyShapley decompositionMicrosimulation
Subject LCSH: Tax credits--Great Britain
Fiscal policy--Great Britain
Poverty--Great Britain
Income distribution--Great Britain
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Language: en
Status of Item: Not peer reviewed
Appears in Collections:Geary Institute Working Papers
Economics Working Papers & Policy Papers

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