The new Labour Government in Britain has made the reduction of childpoverty one of its central objectives. This paper describes the specificinitiatives involved in Labour’s approach and weighs them up in termsof their potential impact. After setting out the extent of the problem ofchild...

The paper analyses changes in poverty in Britain since 1997. A povertylevel of 60 percent of median equivalised income is used. The first partexamines the changes that occurred between 1996/7 and 2000/1 asshown by the Family Resources Survey, on which government estimatesof Households Below...

The objective of this paper is to analyze the impact of fiscal policy on the economic resources available to children, and on the child poverty rate. A static microsimulation model specifically designed for the purposes of comparative fiscal analysis in the European Union, EUROMOD, is used to...

This paper quantifies the economic well-being of different age groups and the extent of their reliance on incomes from public and private sources. The aim is to establish how social benefits, and the taxes needed to finance them, affect income levels and disparities across different age groups....

This paper presents baseline results from the latest version of EUROMOD (version F6.36+), the tax-benefit microsimulation model for the EU. First, we briefly report the process of updating EUROMOD. We then present indicators for income inequality and risk of poverty using EUROMOD and discuss the...

The at-risk-of-poverty rate is one of the three indicators used for monitoring progress towards the Europe 2020 poverty and social exclusion reduction target. Timeliness of this indicator is critical for monitoring the effectiveness of policies. However, due to complicated nature of the European...

This paper provides a description of the latest public release of EUROMOD (version F6.0++), a tax-benefit microsimulation model for the EU. First, we briefly report the process of constructing and updating EUROMOD. We then present indicators for income inequality and risk of poverty using...

This study analyses the financial well-being of elderly people across Europe. Using the European microsimulation model EUROMOD, which facilitates the identification of minimum pension schemes in a comparable way across countries, we show the extent to which these schemes serve to reduce the risk...

The aim of the paper is to provide a description of the latest public release of EUROMOD (version F5.0), a microsimulation model of taxes and benefits in the EU. After giving a brief account of the process of constructing EUROMOD, we present headline indicators for income inequality and risk of...

This paper evaluates income distributions in four European countries (Austria, Italy, Spain and Hungary) using two complementary approaches: a standard approach based on reported incomes in survey data, and a microsimulation approach, where taxes and benefits are simulated. Given that benefit...