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• W2019927517 abstract "This paper presents a life-cycle model of woman's labour supply, human capital formation and savingsfor the evaluation of welfare-to-work and tax policies. Women's decisions are formalised in a dynamicand uncertain environment. The model includes a detailed characterisation of the tax system and ofthe dynamics of family formation while explicitly considering the determinants of employment andeducation decisions: (i) contemporaneous incentives to work, (ii) future consequences for employmentthrough human capital accumulation and (iii) anticipatory effects on the value of employment andeducation. The choice of parameters follows a careful calibration procedure, based of a large sample ofdata moments from the British population during the nineties using BHPS data. Many importantfeatures established in the empirical literature are reproduced in the simulation exercises, includingthe employment effects of the WFTC reform in the UK.The model is used to gain further insight intothe responses to two recent policy changes, the October 1999 WFTC and the April 2003 WTC/CTCreforms. We find small but non-negligible anticipation effects on employment and education." @default.
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• W2019927517 date "2011-02-12" @default.
• W2019927517 modified "2023-09-22" @default.
• W2019927517 title "The long-term effects of in-work benefits in a life-cycle model for policy evaluation" @default.
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• W2019927517 doi "https://doi.org/10.1920/wp.cem.2011.0711" @default.
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