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The Impact of Policy Change on Job Retention and Advancement
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.
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Publication status
- Published
Publisher
Centre for Economic Performance, LSEIssue
23Pages
24.0Place of publication
LondonDepartment affiliated with
- Economics Publications
Notes
Occasional Paper No. 23Institution
London School of Economics and Political SciencesFull text available
- No
Peer reviewed?
- No
Legacy Posted Date
2012-07-03Usage metrics
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