MEASURING THE MACROECONOMIC EFFECTS OF REDUCING BENEFIT DEPENDENCY
We construct a framework for evaluating the macroeconomic impact on the UK economy of policies that are aimed at reducing the number of people receiving social security benefits by helping them into employment. By means of model simulation we evaluate the gains to the economy in terms of output, emp...
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| Veröffentlicht in: | National Institute economic review 2003-10, Vol.186 (186), p.85-97 |
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| container_title | National Institute economic review |
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| creator | Barrell, Ray Kirby, Simon Riley, Rebecca van Welsum, Desirée |
| description | We construct a framework for evaluating the macroeconomic impact on the UK economy of policies that are aimed at reducing the number of people receiving social security benefits by helping them into employment. By means of model simulation we evaluate the gains to the economy in terms of output, employment and improvements to the public finances of a policy that reduces the number of people claiming disability benefits or lone parents on Income Support by 5 per cent. These gains can be regarded as significant and have to be offset against the costs of the policy. We conclude that it is possible to evaluate the impact of policies to enable benefit claimants to find work using a macroeconomic model, and that such an evaluation should be included in each assessment of policy change. |
| doi_str_mv | 10.1177/002795010300100113 |
| format | Article |
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| source | Access via SAGE; PAIS Index; JSTOR Archive Collection A-Z Listing |
| subjects | Analysis Costs Economic benefits Economic conditions Economic policy Economics Employment Expenditures Government budgets Government policy Income Influence Job hunting Labor force Labor market Labor markets Labor supply Macroeconomic modeling Macroeconomics New Deal Population Prices Productivity Single parents Social security Social welfare Unemployment United Kingdom Wages & salaries Workforce |
| title | MEASURING THE MACROECONOMIC EFFECTS OF REDUCING BENEFIT DEPENDENCY |
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