12 March 2008
Working Tax Credit and labour supply: Treasury Economic Working Paper No.3
This is the third instalment in the Treasury Economic Working Papers series. The Working Tax Credit (WTC) is a form of financial support designed to top up in-work income for the low-waged, thereby improving incentives to work. The paper examines the impact of WTC on the labour supply of childless individuals through two different analytical approaches and shows that the policy has been effective in encouraging people into work. As such, childless WTC points the way to a sustainable strategy for tackling worklessness and poverty by creating cost-effective work incentives, without the need for substantially higher minimum wages.
Working Tax Credit and labour supply: Treasury Economic Working Paper No.3 is available in Adobe Acrobat Portable Document Format (PDF). If you do not have Adobe Acrobat installed on your computer you can download the software free of charge from the Adobe website. For alternative ways to read PDF documents and further information on website accessibility visit the HM Treasury accessibility page.
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