Work, Welfare and Taxation
A Study of Labour Supply Incentives in the UK
First published in 1987. The reform of the welfare state in the United Kingdom is high on the agenda of all political parties and the proposals for reform, both official and private, are numerous. In this book, Professor Beenstock and his colleagues took a comprehensive account of the social security of the 1980s, as well as the tax system, as it had evolved over the Beveridge era and how it affected our incentive to work.
The book describes the theory of labour supply decisions in their relationship to the tax benefit system. It illustrates how tax and social security arrangements affected labour supply decisions as well as monitoring how these decisions had evolved over the post-war period. It also considers retirement decisions in the UK as well as the government’s plans to reform the social security system.
Table of Contents
Preface; 1. Budget Lines and Labour Supply Incentives Michael Beenstock 2. Case Studies of Labour Supply Incentives and Budget Lines Don M. Egginton 3. A Historical Analysis of Labour Supply Incentives Don M. Egginton 4. An Informal Empirical Analysis of Labour Supply Decisions in the UK Don M. Egginton 5. Econometric Analysis of Labour Supply and Work Incentives Michael Beenstock and Alan Dalziel 6. Labour Supply Incentives for the Retired Peter Warburton 7. The New Social Security System Michael Beenstock and Michael Parker 8. Conclusions and Overview Michael Beenstock; References; Index