Dickins, Richard and McKnight, Abigail (2008) The impact of policy change on job retention and advancement. Centre for Economic Performance occasional papers, CEPOP23. Centre for Economic Performance, London School of Economics and Political Science, London, UK.
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This paper examines the impact of the Working Families Tax Credit (WFTC) on employment retention and advancement. The WFTC, which replaced Family Credit in October 1999, supplemented earnings of low paid workers living in low income families. It was designed to increase the financial incentive for low skilled workers to find and remain in work and in the process boost their family income. It finds evidence that WFTC increased employment retention among male recipients. WFTC does not appear to have increased wage growth compared with Family Credit but there is no evidence that employers were able to use the more generous WFTC to keep wage growth down.
|Item Type:||Monograph (Working Paper)|
|Additional Information:||© 2008 The Authors|
|Library of Congress subject classification:||H Social Sciences > HC Economic History and Conditions
H Social Sciences > HD Industries. Land use. Labor
|Journal of Economic Literature Classification System:||J - Labor and Demographic Economics > J6 - Mobility, Unemployment, and Vacancies > J68 - Public Policy|
|Sets:||Collections > Economists Online
Research centres and groups > Centre for Economic Performance (CEP)
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