A presentation given by Micheál Collins from the Nevin Economic Research Institute (NERI) to the NICVA Centre for Economic Empowerment (CEE) Basic Income Masterclass on 16 May 2014. See http://www.nicva.org/news/basic-income-masterclass for more.
A presentation given by Maureen O'Reilly to the NICVA Centre for Economic Empowerment (CEE) Basic Income Masterclass on 16 May 2014. See http://www.nicva.org/news/basic-income-masterclass for more.
Demographic change means that more people will live past the point where they require care. As the increase in life expectancy looks set to continue, we need to develop enterprising and innovative ways to help people save and plan for this eventuality and bring new money into the care system. If people are to save for their future, especially people who are on lower incomes or are less wealthy, it is essential that they have opportunities to do so in a way that is simple, attractive, engaging, and safe, and which provides them with more choice about the care and support they would like. Equally, they must not be penalised for having done so through means tested support. This is what Personal Care Savings Bonds are intended to be all about.
Earnings and Low Pay in the Republic of Ireland by Dr Micheál Collins presented at the Statistical and Social Inquiry Society of Ireland - Cork, 14th April, 2016
David John, Senior Senior Strategic Policy Adviser at AARP’s Public Policy In...ILC- UK
In July 2015, the Government began a consultation on changing how the UK incentivises private pension saving, and the Chancellor is expected to respond to this consultation in the Government’s annual Budget in March 2016.
The Future of Private Pension Saving, kindly supported by Age UK, brought together Parliamentarians, business, academics and industry experts to discuss how best the UK Government can incentivise private pension saving.
The debate was opened by initial remarks from Angela Rayner MP (Shadow Pensions Minister), Jackie Wells (Head of Policy and Research, Pensions and Lifetime Savings Association), Sarah Luheshi (Deputy Director, Pensions Policy Institute), and Yvonne Braun (Director, Long-Term Savings Policy, Association of British Insurers).
On Wednesday 27th January, David John, Senior Strategic Policy Adviser at AARP’s Public Policy Institute, and Deputy Director of the Retirement Security Project at the Brookings institute delivered a presentation on tax incentives for pension saving in the US context at an informal reception hosted by Age UK.
Discussions from this event contributed to a formal representation to the HM Treasury regarding Government policy on pensions tax relief and private pension saving.
Maximising the potential of the UK's ageing population. Lessons from Asia and...ILC- UK
On Thursday, 21st April 2016 the International Longevity Centre and the Global Aging Institute hosted a roundtable discussion with European Commissioners on maximising the potential of Europe's ageing population in reference to Asian best practice, supported by Prudential Plc.
The discussion focused on how different Asian countries address the demographic challenge posed by an ageing society, and how they respond to the social mood relating to work and retirement; participants also considered how healthcare can meet the challenges posed by rapidly ageing societies across Europe.
A presentation given by Maureen O'Reilly to the NICVA Centre for Economic Empowerment (CEE) Basic Income Masterclass on 16 May 2014. See http://www.nicva.org/news/basic-income-masterclass for more.
Demographic change means that more people will live past the point where they require care. As the increase in life expectancy looks set to continue, we need to develop enterprising and innovative ways to help people save and plan for this eventuality and bring new money into the care system. If people are to save for their future, especially people who are on lower incomes or are less wealthy, it is essential that they have opportunities to do so in a way that is simple, attractive, engaging, and safe, and which provides them with more choice about the care and support they would like. Equally, they must not be penalised for having done so through means tested support. This is what Personal Care Savings Bonds are intended to be all about.
Earnings and Low Pay in the Republic of Ireland by Dr Micheál Collins presented at the Statistical and Social Inquiry Society of Ireland - Cork, 14th April, 2016
David John, Senior Senior Strategic Policy Adviser at AARP’s Public Policy In...ILC- UK
In July 2015, the Government began a consultation on changing how the UK incentivises private pension saving, and the Chancellor is expected to respond to this consultation in the Government’s annual Budget in March 2016.
The Future of Private Pension Saving, kindly supported by Age UK, brought together Parliamentarians, business, academics and industry experts to discuss how best the UK Government can incentivise private pension saving.
The debate was opened by initial remarks from Angela Rayner MP (Shadow Pensions Minister), Jackie Wells (Head of Policy and Research, Pensions and Lifetime Savings Association), Sarah Luheshi (Deputy Director, Pensions Policy Institute), and Yvonne Braun (Director, Long-Term Savings Policy, Association of British Insurers).
On Wednesday 27th January, David John, Senior Strategic Policy Adviser at AARP’s Public Policy Institute, and Deputy Director of the Retirement Security Project at the Brookings institute delivered a presentation on tax incentives for pension saving in the US context at an informal reception hosted by Age UK.
Discussions from this event contributed to a formal representation to the HM Treasury regarding Government policy on pensions tax relief and private pension saving.
Maximising the potential of the UK's ageing population. Lessons from Asia and...ILC- UK
On Thursday, 21st April 2016 the International Longevity Centre and the Global Aging Institute hosted a roundtable discussion with European Commissioners on maximising the potential of Europe's ageing population in reference to Asian best practice, supported by Prudential Plc.
The discussion focused on how different Asian countries address the demographic challenge posed by an ageing society, and how they respond to the social mood relating to work and retirement; participants also considered how healthcare can meet the challenges posed by rapidly ageing societies across Europe.
Slides tax expenditure on pensions in Ireland 28 09 16 NevinInstitute
Income tax reliefs on personal expenditure on pensions amount to social expenditure programmes delivered through the fiscal system. Ireland has used tax expenditure for many years to promote commercial provision of occupational and private pensions. The arguments for encouraging private pensions are that that the tax arrangements for private pensions are broadly equitable and that incentives for saving for retirement will enable most workers to supplement their flat-rate State pension to maintain living standards in retirement.
Data for Ireland for about 5,000 households and nearly 13,000 individuals from the EU Survey of Income and Living Conditions for 2014 together with other data will be used to assess whether the distribution of pension tax expenditure is equitable. This will be done by looking at the decomposition of pensioners’ gross income in terms of income categories such as private and public pensions, earnings and investments. The relevance of social insurance and social assistance pension income and occupational and private pension income will be assessed for the average pensioner and for deciles or quintiles of the pensioner income distribution.
Data on pension contributions for occupational and private pensions and employer contributions for individuals in work will be used to identify the distribution of tax expenditure on pensions in 2014 and to evaluate whether the allocation of pension tax reliefs are broadly egalitarian or concentrated on the highest earners.
A comparison of the distribution of pension tax expenditure in 2014 with the distribution in 2005 will show whether some of the policy changes of recent years have improved the equity of pension tax expenditure. A proposal will be made to improve the equity of the system taking account that there is a limited range of policies which policy makers are willing to use.
At IRRV Scotland Conference 2018 in Crieff Deven Ghelani, Founder and Director of Policy in Practice, was invited to speak about analysis and policy updates on Universal Credit.
In his presentation Deven talked about the Social Security Act in Scotland and Universal Credit, covering how different demographic groups are likely to be impacted. He highlighted analysis that Scottish local authorities can do with the household level data they collect on their local income households and gave examples of how other local authorities use this data to identify, target and track vulnerability.
For further details please contact hello@policyinpractice.co.uk or visit www.policyinpractice.co.uk.
29Oct14 - Productive Ageing - Dr Ros Altmann ILC- UK
This Robert Butler Memorial Lecture, held on Wednesday 29th October 2014, was part of the ILC Global Alliance visit to the UK.
Robert Butler, founder of ILC US, was a passionate believer in the importance of health and productive ageing and we were honoured that Dr Ros Altmann, government’s Business Champion for Older Workers agreed to give the Lecture.
Using benefits data to assess the impact of welfare reform in LondonPolicy in Practice
Giovanni Tonutti, Policy in Practice, presented his work on Using benefits data to assess the impact of welfare reform in London at the International Conference for Administrative Data Research, Queens University, Belfast on Friday 22 June 2018.
This conference is aimed at researchers who use administrative data to better understand populations and societies. His presentation falls under the conference theme of The World of Work which focusses on the labour market experience of those in, and out, of work.
For more information visit www.policyinpractice.co.uk, email hello@policyinpractice.co.uk or call 0330 088 9242.
Presented by Andrew O'Brien, Head of Policy at Charity Finance Group (CFG) and Dr Alexandra Kelso Associate Professor of Politics at Southampton University.
A look at the implications of the 2015 election, and the new policy landscape for voluntary organisations.
https://www.ncvo.org.uk/training-and-events/evolve-conference
Basic Income Ireland introductory presentationJohn Baker
Basic Income is an idea whose time has come. This presentation offers a general introduction to basic income with specific reference to Ireland. More information is available on our website basicincomeireland.com. Please contact us through our site if you would like us to come and talk about basic income.
Ageing: Fiscal implications and policy responses -- Christian Lorenz, GermanyOECD Governance
This presentation was made by Christian Lorenz, Germany, at the 6th Meeting of the Joint OECD DELSA-GOV Network on Fiscal Sustainability of Health Systems, held at the OECD Conference Centre, Paris, on 18-19 September 2017
Presentation to STUC Decent Work, Dignified Lives conference on 15 October 2014. David Bell and David Eiser discuss the nature and drivers of income inequality in Scotland. The presentation concludes with a discussion of policy mechanisms with the potential to reduce inequality in Scotland.
Naohiro Yashiro: Abenomics Labor Market Reforms
ICAS public lecture series videos are posted on Youtube: https://www.youtube.com/playlist?list=PLAA67B040B82B8AEF
The Inclusive Prosperity Commission is a major policy project of the Chifley Research Centre, the think tank of
the Australian Labor Party. Since its launch in 2014, the Commission has been exploring the threat to Australia’s future economic growth presented
by growing inequality – and new policies to respond.
At the heart of the matter is a simple premise: economies grow faster when everyone shares in the growth. More and more evidence now shows that rising inequality is a threat to economic growth, while only broadly shared prosperity can be sustained in the long-term. Inclusive prosperity means embracing the economic opportunities of our time and finding ways to ensure they serve the vast majority of society.
The Commission’s task has been to develop a new economic policy framework to guide Australia beyond the global financial crisis and the peak of the mining boom.
Co-chaired by Wayne Swan MP and Michael Cooney (Executive Director of the Chifley Research Centre), the Commission’s membership includes Cameron Clyne, David Hetherington, Dave Oliver, Peter Whiteford, Rebecca Huntley, Stephen Koukoulas, Tony Nicholson and Verity Firth. Amanda Robbins of Equity Economics has led the Commission’s staff.
This report will sit alongside new analysis from the IMF, World Bank and influential publications such as Thomas Piketty’s ‘Capital in the Twenty-First Century’ which point to the need for action against rising inequality.
The Chifley Research Centre is grateful for the contribution of the Center for American Progress as a project partner.
Should we forget about ‘the older consumer’? An expert roundtable on market s...ILC- UK
In an ageing society, understanding and engaging with ‘the older consumer’ is of pressing interest for businesses who want to realise the potential of the market. But it is not an easy market to understand or describe.
A key issue to be addressed by marketers is to avoid a homogenisation of older people. The diversity of consumer spending of this group is often lost in ageist perceptions of ‘what older people want’. Despite this however, it remains to be seen if the commonalities of ageing – such as wealth depletion and physiological changes – nudge older people to gravitate to a norm.
In Dec 2010, ILC-UK and the Personal Finance Resource Centre (PFRC) at the University of Bristol published a report which explored what and how older people spent their income (Consumption Patterns Among Older Consumers). The evidence from this report fed into the ILC-UK report for Age UK on older consumers (The Golden Economy).
ILC-UK and PFRC have teamed up again to further explore issues around consumption and old age, funded by the Economic and Social Research Council Secondary Data Analysis Initiative. At this seminar we presented new evidence which explores patterns of expenditure among older people and considers what explains these.
During the seminar we:
Considered how our spending varies as we age, including setting out average and overall spending by age group;
Segmented older households based on their patterns of expenditure;
Considered the validity of a single ‘older consumer’ model.
Tax expenditure on occupational pensions in Ireland: Relevance, Cost & Distri...NevinInstitute
Income tax reliefs on personal expenditure on pensions amount to social expenditure programmes delivered through the fiscal system. Ireland has used tax expenditure for many years to promote commercial provision of occupational and private pensions. The arguments for encouraging private pensions are that that the tax arrangements for private pensions are broadly equitable and that incentives for saving for retirement will enable most workers to supplement their flat-rate State pension to maintain living standards in retirement.
Data for Ireland for about 5,000 households and nearly 13,000 individuals from the EU Survey of Income and Living Conditions for 2014 together with other data will be used to assess whether the distribution of pension tax expenditure is equitable. This will be done by looking at the decomposition of pensioners’ gross income in terms of income categories such as private and public pensions, earnings and investments. The relevance of social insurance and social assistance pension income and occupational and private pension income will be assessed for the average pensioner and for deciles or quintiles of the pensioner income distribution.
Data on pension contributions for occupational and private pensions and employer contributions for individuals in work will be used to identify the distribution of tax expenditure on pensions in 2014 and to evaluate whether the allocation of pension tax reliefs are broadly egalitarian or concentrated on the highest earners.
A comparison of the distribution of pension tax expenditure in 2014 with the distribution in 2005 will show whether some of the policy changes of recent years have improved the equity of pension tax expenditure. A proposal will be made to improve the equity of the system taking account that there is a limited range of policies which policy makers are willing to use.
Slides tax expenditure on pensions in Ireland 28 09 16 NevinInstitute
Income tax reliefs on personal expenditure on pensions amount to social expenditure programmes delivered through the fiscal system. Ireland has used tax expenditure for many years to promote commercial provision of occupational and private pensions. The arguments for encouraging private pensions are that that the tax arrangements for private pensions are broadly equitable and that incentives for saving for retirement will enable most workers to supplement their flat-rate State pension to maintain living standards in retirement.
Data for Ireland for about 5,000 households and nearly 13,000 individuals from the EU Survey of Income and Living Conditions for 2014 together with other data will be used to assess whether the distribution of pension tax expenditure is equitable. This will be done by looking at the decomposition of pensioners’ gross income in terms of income categories such as private and public pensions, earnings and investments. The relevance of social insurance and social assistance pension income and occupational and private pension income will be assessed for the average pensioner and for deciles or quintiles of the pensioner income distribution.
Data on pension contributions for occupational and private pensions and employer contributions for individuals in work will be used to identify the distribution of tax expenditure on pensions in 2014 and to evaluate whether the allocation of pension tax reliefs are broadly egalitarian or concentrated on the highest earners.
A comparison of the distribution of pension tax expenditure in 2014 with the distribution in 2005 will show whether some of the policy changes of recent years have improved the equity of pension tax expenditure. A proposal will be made to improve the equity of the system taking account that there is a limited range of policies which policy makers are willing to use.
At IRRV Scotland Conference 2018 in Crieff Deven Ghelani, Founder and Director of Policy in Practice, was invited to speak about analysis and policy updates on Universal Credit.
In his presentation Deven talked about the Social Security Act in Scotland and Universal Credit, covering how different demographic groups are likely to be impacted. He highlighted analysis that Scottish local authorities can do with the household level data they collect on their local income households and gave examples of how other local authorities use this data to identify, target and track vulnerability.
For further details please contact hello@policyinpractice.co.uk or visit www.policyinpractice.co.uk.
29Oct14 - Productive Ageing - Dr Ros Altmann ILC- UK
This Robert Butler Memorial Lecture, held on Wednesday 29th October 2014, was part of the ILC Global Alliance visit to the UK.
Robert Butler, founder of ILC US, was a passionate believer in the importance of health and productive ageing and we were honoured that Dr Ros Altmann, government’s Business Champion for Older Workers agreed to give the Lecture.
Using benefits data to assess the impact of welfare reform in LondonPolicy in Practice
Giovanni Tonutti, Policy in Practice, presented his work on Using benefits data to assess the impact of welfare reform in London at the International Conference for Administrative Data Research, Queens University, Belfast on Friday 22 June 2018.
This conference is aimed at researchers who use administrative data to better understand populations and societies. His presentation falls under the conference theme of The World of Work which focusses on the labour market experience of those in, and out, of work.
For more information visit www.policyinpractice.co.uk, email hello@policyinpractice.co.uk or call 0330 088 9242.
Presented by Andrew O'Brien, Head of Policy at Charity Finance Group (CFG) and Dr Alexandra Kelso Associate Professor of Politics at Southampton University.
A look at the implications of the 2015 election, and the new policy landscape for voluntary organisations.
https://www.ncvo.org.uk/training-and-events/evolve-conference
Basic Income Ireland introductory presentationJohn Baker
Basic Income is an idea whose time has come. This presentation offers a general introduction to basic income with specific reference to Ireland. More information is available on our website basicincomeireland.com. Please contact us through our site if you would like us to come and talk about basic income.
Ageing: Fiscal implications and policy responses -- Christian Lorenz, GermanyOECD Governance
This presentation was made by Christian Lorenz, Germany, at the 6th Meeting of the Joint OECD DELSA-GOV Network on Fiscal Sustainability of Health Systems, held at the OECD Conference Centre, Paris, on 18-19 September 2017
Presentation to STUC Decent Work, Dignified Lives conference on 15 October 2014. David Bell and David Eiser discuss the nature and drivers of income inequality in Scotland. The presentation concludes with a discussion of policy mechanisms with the potential to reduce inequality in Scotland.
Naohiro Yashiro: Abenomics Labor Market Reforms
ICAS public lecture series videos are posted on Youtube: https://www.youtube.com/playlist?list=PLAA67B040B82B8AEF
The Inclusive Prosperity Commission is a major policy project of the Chifley Research Centre, the think tank of
the Australian Labor Party. Since its launch in 2014, the Commission has been exploring the threat to Australia’s future economic growth presented
by growing inequality – and new policies to respond.
At the heart of the matter is a simple premise: economies grow faster when everyone shares in the growth. More and more evidence now shows that rising inequality is a threat to economic growth, while only broadly shared prosperity can be sustained in the long-term. Inclusive prosperity means embracing the economic opportunities of our time and finding ways to ensure they serve the vast majority of society.
The Commission’s task has been to develop a new economic policy framework to guide Australia beyond the global financial crisis and the peak of the mining boom.
Co-chaired by Wayne Swan MP and Michael Cooney (Executive Director of the Chifley Research Centre), the Commission’s membership includes Cameron Clyne, David Hetherington, Dave Oliver, Peter Whiteford, Rebecca Huntley, Stephen Koukoulas, Tony Nicholson and Verity Firth. Amanda Robbins of Equity Economics has led the Commission’s staff.
This report will sit alongside new analysis from the IMF, World Bank and influential publications such as Thomas Piketty’s ‘Capital in the Twenty-First Century’ which point to the need for action against rising inequality.
The Chifley Research Centre is grateful for the contribution of the Center for American Progress as a project partner.
Should we forget about ‘the older consumer’? An expert roundtable on market s...ILC- UK
In an ageing society, understanding and engaging with ‘the older consumer’ is of pressing interest for businesses who want to realise the potential of the market. But it is not an easy market to understand or describe.
A key issue to be addressed by marketers is to avoid a homogenisation of older people. The diversity of consumer spending of this group is often lost in ageist perceptions of ‘what older people want’. Despite this however, it remains to be seen if the commonalities of ageing – such as wealth depletion and physiological changes – nudge older people to gravitate to a norm.
In Dec 2010, ILC-UK and the Personal Finance Resource Centre (PFRC) at the University of Bristol published a report which explored what and how older people spent their income (Consumption Patterns Among Older Consumers). The evidence from this report fed into the ILC-UK report for Age UK on older consumers (The Golden Economy).
ILC-UK and PFRC have teamed up again to further explore issues around consumption and old age, funded by the Economic and Social Research Council Secondary Data Analysis Initiative. At this seminar we presented new evidence which explores patterns of expenditure among older people and considers what explains these.
During the seminar we:
Considered how our spending varies as we age, including setting out average and overall spending by age group;
Segmented older households based on their patterns of expenditure;
Considered the validity of a single ‘older consumer’ model.
Tax expenditure on occupational pensions in Ireland: Relevance, Cost & Distri...NevinInstitute
Income tax reliefs on personal expenditure on pensions amount to social expenditure programmes delivered through the fiscal system. Ireland has used tax expenditure for many years to promote commercial provision of occupational and private pensions. The arguments for encouraging private pensions are that that the tax arrangements for private pensions are broadly equitable and that incentives for saving for retirement will enable most workers to supplement their flat-rate State pension to maintain living standards in retirement.
Data for Ireland for about 5,000 households and nearly 13,000 individuals from the EU Survey of Income and Living Conditions for 2014 together with other data will be used to assess whether the distribution of pension tax expenditure is equitable. This will be done by looking at the decomposition of pensioners’ gross income in terms of income categories such as private and public pensions, earnings and investments. The relevance of social insurance and social assistance pension income and occupational and private pension income will be assessed for the average pensioner and for deciles or quintiles of the pensioner income distribution.
Data on pension contributions for occupational and private pensions and employer contributions for individuals in work will be used to identify the distribution of tax expenditure on pensions in 2014 and to evaluate whether the allocation of pension tax reliefs are broadly egalitarian or concentrated on the highest earners.
A comparison of the distribution of pension tax expenditure in 2014 with the distribution in 2005 will show whether some of the policy changes of recent years have improved the equity of pension tax expenditure. A proposal will be made to improve the equity of the system taking account that there is a limited range of policies which policy makers are willing to use.
A Post-Budget 2018 Analysis of the Irish Public FinancesUlsterBankROI
Budget 2018:
- A look at some of the details (from slide 3)
- The economic context and fiscal framework (from slide 14)
- Ireland’s public finances: where do we stand? (from slide 22)
Many older people have equity tied up in their homes that could be used to provide them with a greater income in later life and improve their standard of living. Traditionally, the ways to unlock the equity in people’s homes have been through downsizing, equity release lifetime loans or home reversion plans. However, not everyone is in a position to downsize, there are pros and cons to each approach, and all have associated costs.
The Equity Bank would provide a new way for people to unlock the equity in their home. It would be a state agency which provides people with a low cost fixed lifetime income in exchange for a fixed share of the equity in their home. The Equity Bank would take a charge on the person’s home and recover the value of the equity from the person’s estate after their death.
The event was chaired by Baroness Sally Greengross, Chief Executive of the ILC-UK. Nick Kirwan, Director of the ILC-UK Care Funding Advice Network, opened the discussion. Professor Les Mayhew of Cass Business School and co-author of the paper 'The UK Equity Bank - Towards income security in old age' then presented the concept, after which Paul Burstow MP responded. There was then time for questions and a general discussion.
Many older people have equity tied up in their homes that could be used to provide them with a greater income in later life and improve their standard of living. Traditionally, the ways to unlock the equity in people’s homes have been through downsizing, equity release lifetime loans or home reversion plans. However, not everyone is in a position to downsize, there are pros and cons to each approach, and all have associated costs.
The Equity Bank would provide a new way for people to unlock the equity in their home. It would be a state agency which provides people with a low cost fixed lifetime income in exchange for a fixed share of the equity in their home. The Equity Bank would take a charge on the person’s home and recover the value of the equity from the person’s estate after their death.
The event was chaired by Baroness Sally Greengross, Chief Executive of the ILC-UK. Nick Kirwan, Director of the ILC-UK Care Funding Advice Network, opened the discussion. Professor Les Mayhew of Cass Business School and co-author of the paper 'The UK Equity Bank - Towards income security in old age' thened present the concept, after which Paul Burstow MP responded. There was then time for questions and a general discussion.
The struggle to set aside savings and the increasing difficulty that many working people find in securing a decent income at retirement is one of the less noticed but potentially most far-reaching issues in the living standards debate.
In her first major speech on pensions policy since becoming Shadow Secretary of State for Work and Pensions, Rachel Reeves MP discussed Labour’s plans for helping those on modest and low incomes save for a pension and secure a decent income at retirement.
These are the slides presented by Michael Johnson, Research Fellow at the Centre for Policy Studies who responded to the speech by Rachel Reeves MP on 29th May 2014.
NERI Seminar Dublin: How much would a Financial Transactions Tax raise?NevinInstitute
In 2011 the European Commission outlined proposals for a Europe wide financial transactions tax (FTT). Since then the proposal has been pursued by ten countries under ‘enhanced cooperation’ procedures with plans evolving to introduce the tax during 2016/2017. To date Ireland has not signed up to adopting a FTT.
This paper estimates the revenue that Ireland would collect from participating in the European FTT. Drawing on data from official sources, it first establishes the size of the FTT tax base for Ireland. Subsequently, the paper estimates a baseline tax revenue and considers the robustness of this estimate using a suite of sensitivity tests.
The paper finds that were Ireland to adopt a FTT, the net revenue yield would be between €320m and €360m per annum.
Presentation by Ian Mulheirn from Oxford Economics NI at the launch of the NICVA Centre for Economic Empowerment report 'An Economic Analysis of the Living Wage in Northern Ireland' on 9 September 2014. For more information on the report, please visit http://www.nicva.org/resource/economic-analysis-living-wage-northern-ireland
Ville-Veikko Pulkka. From idea to experiment. Notes on the Finnish basic income experiment study. Presentation at The 6th International Conference Well-being in the Information Society (WIS). Tampere 17.9.2016.
Webinar: Unlock the power of national, regional and local dataPolicy in Practice
View these webinar slides to learn about national, regional and local case studies.
You will hear:
1. Nationally: How the two child limit to tax credits is set to drive child poverty up by 10% by 2020
2. Regionally: First wave results from our work tracking income, employment and poverty for over half a million low-income households across London
3. Locally: How Winchester City Council's data led strategy uncovered hidden pockets of poverty
Background
The post-2015 welfare reforms will take almost £13bn a year from claimants by 2020-21, bringing the cumulative loss since 2010 to £27bn a year. This is equivalent to £690 a year for every adult of working age, according to analysis by Centre for Regional Economic and Social Research.
Professor Christina Beatty said that the worst is yet to come for those who will be most severly hit, namely low income families with children. She urged local authorities to plan ahead for the impact.
Understanding exactly which low income households will be impacted by the welfare reforms, and how, is the challenge. Policy in Practice works with local authorities to do just that.
Our Low Income Family Tracker combines local authority data with a powerful modelling engine to show the aggregate and cumulative impact of reforms on each household so that local authorities can get the right support to those who need help the most, before crisis hits.
More info
Visit http://policyinpractice.co.uk/low-income-family-tracker/ for more details or email hello@policyinpractice.co.uk.
Reimagine Debt. A tale of two councils: Reimagine Debt CollectionPolicy in Practice
Deven Ghelani, Director and Founder of Policy in Practice, spoke at the IRRV Virtual Annual Conference about the Cabinet Office's reimagine debt pilot scheme.
As COVID-19 continues to hit the financial resilience of many families councils are looking ahead to what this means for collection rates. With council tax arrears already at £3.5 billion pre-crisis, and forecast to reach nearly £5 billion by the end of parliament, councils will need to find new ways to maximise collections. Deven Ghelani spoke about how two councils identified which residents owed multiple debts to them, how they stabilised their incomes, and how they tracked the effectiveness of support. Attendees learnt how early intervention offers a proven approach for other councils to consider to prevent problem debt.
For more information visit www.policyinpractice.co.uk, call 0330 088 9242 or email hello@policyinpractice.co.uk
Policy in Practice analyst Juan Alvarez Vilanova spoke about How longitudinal analysis can help prevent poverty at at Public Policy Exchange's recent event.
Juan's talk featured case studies of data analysis for clients such as Croydon Council and Trust for London, The event was titled Preventing Further Poverty in the UK: Supporting and Improving the Lives of ‘Just About Managing’ Families.
Presentation given by Esmond Birnie (Chief Economist at PwC, Northern Ireland and Scotland) at the launch of NICVA Centre for Economic Empowerment report 'Universal Childcare in Northern Ireland: a cost-benefit analysis'.
A report commissioned from PricewaterhouseCoopers (PwC) by the NICVA Centre for Economic Empowerment and published 1 December 2015.
The report employs a cost-benefit analysis to determine the economic benefits and costs of applying international systems of highly-subsidised childcare (Quebec, Denmark and Netherlands).
Appendices to the report are available at http://www.nicva.org/resource/universal-childcare-northern-ireland-cost-benefit-analysis
Presentation by Stephen Kelly of Manufacturing NI to the NICVA Centre for Economic Empowerment Masterclass on Energy Markets in Northern Ireland (17 October 2014)
This presentation covers the cost of energy and its impact on Northern Ireland business, especially large manufactures, and the importance of this to the economy. The difference between the cost of generation and the price paid, where the policy priorities lie, how manufacturers are coping with high costs and what the response should be.
Presentation by Paul Wallace of National Energy Action NI to the NICVA Centre for Economic Empowerment Masterclass on Energy Markets in Northern Ireland (17 October 2014). The presentation address the factors and implications of fuel poverty, what can be done to mitigate it, and the importance of energy efficiency.
Presentation given by Richard Williams, Head of Energy Policy at the Consumer Council NI, to the NICVA Centre for Economic Empowerment Masterclass on Energy Markets in Northern Ireland. This presentation covered the level and drivers of NI energy prices, how well the local markets function for consumers, the role of competition and the Utility Regulator in ensuring supply and price control.
A presentation given by David Fry from the Confederation of British Industry (CBI) Northern Ireland to a public consultation event on zero-hours contracts, hosted by the NICVA Centre for Economic Empowerment on 19 September 2014.
A presentation given by Ian Brinkley from the Work Foundation to the public consultation event on zero-hours contracts, hosted by the NICVA Centre for Economic Empowerment on 19 September 2014.
This report, the eighth published by NICVA’s Centre for Economic Empowerment, estimates the economic impact of raising the pay of all workers in Northern Ireland to the level of the Living Wage. The authors conclude that the Living Wage could be adopted without net economic detriment, and may even result in a net economic gain.
The Living Wage is a key indicator of low pay. It is the hourly rate that would provide a full-time worker with a basic, but acceptable, standard of living. In Northern Ireland the Living Wage is currently £7.65; approximately one quarter of employees earn less than this benchmark.
One of the most troubling aspects of the long boom which preceded the 2008 crash was how low pay became more prevalent at the same time as profits flourished and wages soared at the top end of the labour market. This not only jarred with many people’s sense of fairness and undermined bonds of social solidarity; it also contributed to rising economic inequality, a major cause of the recession and a source of various social and economic problems. Eradicating low pay is therefore a key element of creating a good economy.
While the ethical case for paying employees the Living Wage resonates widely, there is less agreement on the economic consequences. Higher labour costs could result in reduced profits and investment, as well as job losses and inflation. Others claim that raising wage levels would improve workers’ productivity, boost consumer spending, and therefore employment. In this context the economic implications merit careful consideration.
Given this positive appraisal it is interesting to note that many campaigners do not advocate raising the statutory Minimum Wage to the level of the Living Wage. Rather, they target specific employers who they believe can afford to pay their low-wage workers more. The findings of this report suggest that it is perhaps time for the Living Wage campaign to become more ambitious. At the very least, ensuring that every worker receives a decent wage should be adopted as a long-term goal.
For more information on the report please visit http://www.nicva.org/resource/economic-analysis-living-wage-northern-ireland
An infographic highlighting the key points from the NICVA Centre for Economic Empowerment's report 'An Economic Analysis of the Living Wage in Northern Ireland'. For more information on the report please visit http://www.nicva.org/resource/economic-analysis-living-wage-northern-ireland
In 2008 Northern Ireland experienced a severe property crash. The extreme rise in house prices which preceded the crash was, at the time, broadly welcomed as a sign of growing prosperity. But it is now clear that while some vested interests benefited, the property bubble caused significant social and economic damage.
The prospect of speculative gains diverted investment away from productive outlets and into inflating property prices. Soaring house prices led households to take on onerous mortgages, debts which will long stifle spending and investment. And when the bubble burst, construction collapsed, meaning many people faced unemployment.
Avoiding a re-emergence of a real estate bubble should be an economic priority for government. This report, the seventh in our research series, proposes a solution. It explains how a Land Value Tax could operate in Northern Ireland to prevent speculation on land - a major cause of real estate bubbles. Significantly, because it involves reforming the rates system, this is a solution within the power of Northern Ireland’s Assembly and District Councils.
House prices in Northern Ireland are on the rise again. As before, this has been widely welcomed as an indication of economic progress. It is important to ensure that any price rises are a sustainable result of real economic growth, rather than speculation. In this context, this report is crucial reading.
For more information, visit: http://www.nicva.org/news/tax-land-not-houses
A presentation given by Ross Brown (Green Party Councillor and associate of Bryson Energy) on how Energy Brokering (community oil buying clubs) works and the benefits that it brings to its members.
A presentation given by Sinead Quinn from Volunteer Now's Timebanking project to the NICVA Centre for Economic Empowerment Masterclass on 13 June 2014. The presentations covers how timebanking works and the benefits it can bring to participants and to the wider community as an alternative form of currency.
A presentation given by Leander Bindewald from the New Economics Foundation (nef) to the NICVA Centre for Economic Empowerment Masterclass on Community Currencies and Trading Schemes. This presentation looks at where money comes from - it's creation as debt created by commercial banks, to how it can be transformed and diversified to better serve community needs and bring economic benefits to localities.
Presentation given by Graeme Harrison, Associate Director of Oxford Economics to the NICVA Centre for Economic Empowerment (CEE) conference on Working Poverty, 28 May 2014.
More from NICVA Centre for Economic Empowerment (15)
what is the best method to sell pi coins in 2024DOT TECH
The best way to sell your pi coins safely is trading with an exchange..but since pi is not launched in any exchange, and second option is through a VERIFIED pi merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and pioneers and resell them to Investors looking forward to hold massive amounts before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade pi coins with.
@Pi_vendor_247
Empowering the Unbanked: The Vital Role of NBFCs in Promoting Financial Inclu...Vighnesh Shashtri
In India, financial inclusion remains a critical challenge, with a significant portion of the population still unbanked. Non-Banking Financial Companies (NBFCs) have emerged as key players in bridging this gap by providing financial services to those often overlooked by traditional banking institutions. This article delves into how NBFCs are fostering financial inclusion and empowering the unbanked.
Latino Buying Power - May 2024 Presentation for Latino CaucusDanay Escanaverino
Unlock the potential of Latino Buying Power with this in-depth SlideShare presentation. Explore how the Latino consumer market is transforming the American economy, driven by their significant buying power, entrepreneurial contributions, and growing influence across various sectors.
**Key Sections Covered:**
1. **Economic Impact:** Understand the profound economic impact of Latino consumers on the U.S. economy. Discover how their increasing purchasing power is fueling growth in key industries and contributing to national economic prosperity.
2. **Buying Power:** Dive into detailed analyses of Latino buying power, including its growth trends, key drivers, and projections for the future. Learn how this influential group’s spending habits are shaping market dynamics and creating opportunities for businesses.
3. **Entrepreneurial Contributions:** Explore the entrepreneurial spirit within the Latino community. Examine how Latino-owned businesses are thriving and contributing to job creation, innovation, and economic diversification.
4. **Workforce Statistics:** Gain insights into the role of Latino workers in the American labor market. Review statistics on employment rates, occupational distribution, and the economic contributions of Latino professionals across various industries.
5. **Media Consumption:** Understand the media consumption habits of Latino audiences. Discover their preferences for digital platforms, television, radio, and social media. Learn how these consumption patterns are influencing advertising strategies and media content.
6. **Education:** Examine the educational achievements and challenges within the Latino community. Review statistics on enrollment, graduation rates, and fields of study. Understand the implications of education on economic mobility and workforce readiness.
7. **Home Ownership:** Explore trends in Latino home ownership. Understand the factors driving home buying decisions, the challenges faced by Latino homeowners, and the impact of home ownership on community stability and economic growth.
This SlideShare provides valuable insights for marketers, business owners, policymakers, and anyone interested in the economic influence of the Latino community. By understanding the various facets of Latino buying power, you can effectively engage with this dynamic and growing market segment.
Equip yourself with the knowledge to leverage Latino buying power, tap into their entrepreneurial spirit, and connect with their unique cultural and consumer preferences. Drive your business success by embracing the economic potential of Latino consumers.
**Keywords:** Latino buying power, economic impact, entrepreneurial contributions, workforce statistics, media consumption, education, home ownership, Latino market, Hispanic buying power, Latino purchasing power.
NO1 Uk Divorce problem uk all amil baba in karachi,lahore,pakistan talaq ka m...Amil Baba Dawood bangali
Contact with Dawood Bhai Just call on +92322-6382012 and we'll help you. We'll solve all your problems within 12 to 24 hours and with 101% guarantee and with astrology systematic. If you want to take any personal or professional advice then also you can call us on +92322-6382012 , ONLINE LOVE PROBLEM & Other all types of Daily Life Problem's.Then CALL or WHATSAPP us on +92322-6382012 and Get all these problems solutions here by Amil Baba DAWOOD BANGALI
#vashikaranspecialist #astrologer #palmistry #amliyaat #taweez #manpasandshadi #horoscope #spiritual #lovelife #lovespell #marriagespell#aamilbabainpakistan #amilbabainkarachi #powerfullblackmagicspell #kalajadumantarspecialist #realamilbaba #AmilbabainPakistan #astrologerincanada #astrologerindubai #lovespellsmaster #kalajaduspecialist #lovespellsthatwork #aamilbabainlahore#blackmagicformarriage #aamilbaba #kalajadu #kalailam #taweez #wazifaexpert #jadumantar #vashikaranspecialist #astrologer #palmistry #amliyaat #taweez #manpasandshadi #horoscope #spiritual #lovelife #lovespell #marriagespell#aamilbabainpakistan #amilbabainkarachi #powerfullblackmagicspell #kalajadumantarspecialist #realamilbaba #AmilbabainPakistan #astrologerincanada #astrologerindubai #lovespellsmaster #kalajaduspecialist #lovespellsthatwork #aamilbabainlahore #blackmagicforlove #blackmagicformarriage #aamilbaba #kalajadu #kalailam #taweez #wazifaexpert #jadumantar #vashikaranspecialist #astrologer #palmistry #amliyaat #taweez #manpasandshadi #horoscope #spiritual #lovelife #lovespell #marriagespell#aamilbabainpakistan #amilbabainkarachi #powerfullblackmagicspell #kalajadumantarspecialist #realamilbaba #AmilbabainPakistan #astrologerincanada #astrologerindubai #lovespellsmaster #kalajaduspecialist #lovespellsthatwork #aamilbabainlahore #Amilbabainuk #amilbabainspain #amilbabaindubai #Amilbabainnorway #amilbabainkrachi #amilbabainlahore #amilbabaingujranwalan #amilbabainislamabad
NO1 Uk Black Magic Specialist Expert In Sahiwal, Okara, Hafizabad, Mandi Bah...Amil Baba Dawood bangali
Contact with Dawood Bhai Just call on +92322-6382012 and we'll help you. We'll solve all your problems within 12 to 24 hours and with 101% guarantee and with astrology systematic. If you want to take any personal or professional advice then also you can call us on +92322-6382012 , ONLINE LOVE PROBLEM & Other all types of Daily Life Problem's.Then CALL or WHATSAPP us on +92322-6382012 and Get all these problems solutions here by Amil Baba DAWOOD BANGALI
#vashikaranspecialist #astrologer #palmistry #amliyaat #taweez #manpasandshadi #horoscope #spiritual #lovelife #lovespell #marriagespell#aamilbabainpakistan #amilbabainkarachi #powerfullblackmagicspell #kalajadumantarspecialist #realamilbaba #AmilbabainPakistan #astrologerincanada #astrologerindubai #lovespellsmaster #kalajaduspecialist #lovespellsthatwork #aamilbabainlahore#blackmagicformarriage #aamilbaba #kalajadu #kalailam #taweez #wazifaexpert #jadumantar #vashikaranspecialist #astrologer #palmistry #amliyaat #taweez #manpasandshadi #horoscope #spiritual #lovelife #lovespell #marriagespell#aamilbabainpakistan #amilbabainkarachi #powerfullblackmagicspell #kalajadumantarspecialist #realamilbaba #AmilbabainPakistan #astrologerincanada #astrologerindubai #lovespellsmaster #kalajaduspecialist #lovespellsthatwork #aamilbabainlahore #blackmagicforlove #blackmagicformarriage #aamilbaba #kalajadu #kalailam #taweez #wazifaexpert #jadumantar #vashikaranspecialist #astrologer #palmistry #amliyaat #taweez #manpasandshadi #horoscope #spiritual #lovelife #lovespell #marriagespell#aamilbabainpakistan #amilbabainkarachi #powerfullblackmagicspell #kalajadumantarspecialist #realamilbaba #AmilbabainPakistan #astrologerincanada #astrologerindubai #lovespellsmaster #kalajaduspecialist #lovespellsthatwork #aamilbabainlahore #Amilbabainuk #amilbabainspain #amilbabaindubai #Amilbabainnorway #amilbabainkrachi #amilbabainlahore #amilbabaingujranwalan #amilbabainislamabad
what is the future of Pi Network currency.DOT TECH
The future of the Pi cryptocurrency is uncertain, and its success will depend on several factors. Pi is a relatively new cryptocurrency that aims to be user-friendly and accessible to a wide audience. Here are a few key considerations for its future:
Message: @Pi_vendor_247 on telegram if u want to sell PI COINS.
1. Mainnet Launch: As of my last knowledge update in January 2022, Pi was still in the testnet phase. Its success will depend on a successful transition to a mainnet, where actual transactions can take place.
2. User Adoption: Pi's success will be closely tied to user adoption. The more users who join the network and actively participate, the stronger the ecosystem can become.
3. Utility and Use Cases: For a cryptocurrency to thrive, it must offer utility and practical use cases. The Pi team has talked about various applications, including peer-to-peer transactions, smart contracts, and more. The development and implementation of these features will be essential.
4. Regulatory Environment: The regulatory environment for cryptocurrencies is evolving globally. How Pi navigates and complies with regulations in various jurisdictions will significantly impact its future.
5. Technology Development: The Pi network must continue to develop and improve its technology, security, and scalability to compete with established cryptocurrencies.
6. Community Engagement: The Pi community plays a critical role in its future. Engaged users can help build trust and grow the network.
7. Monetization and Sustainability: The Pi team's monetization strategy, such as fees, partnerships, or other revenue sources, will affect its long-term sustainability.
It's essential to approach Pi or any new cryptocurrency with caution and conduct due diligence. Cryptocurrency investments involve risks, and potential rewards can be uncertain. The success and future of Pi will depend on the collective efforts of its team, community, and the broader cryptocurrency market dynamics. It's advisable to stay updated on Pi's development and follow any updates from the official Pi Network website or announcements from the team.
how can I sell my pi coins for cash in a pi APPDOT TECH
You can't sell your pi coins in the pi network app. because it is not listed yet on any exchange.
The only way you can sell is by trading your pi coins with an investor (a person looking forward to hold massive amounts of pi coins before mainnet launch) .
You don't need to meet the investor directly all the trades are done with a pi vendor/merchant (a person that buys the pi coins from miners and resell it to investors)
I Will leave The telegram contact of my personal pi vendor, if you are finding a legitimate one.
@Pi_vendor_247
#pi network
#pi coins
#money
Currently pi network is not tradable on binance or any other exchange because we are still in the enclosed mainnet.
Right now the only way to sell pi coins is by trading with a verified merchant.
What is a pi merchant?
A pi merchant is someone verified by pi network team and allowed to barter pi coins for goods and services.
Since pi network is not doing any pre-sale The only way exchanges like binance/huobi or crypto whales can get pi is by buying from miners. And a merchant stands in between the exchanges and the miners.
I will leave the telegram contact of my personal pi merchant. I and my friends has traded more than 6000pi coins successfully
Tele-gram
@Pi_vendor_247
If you are looking for a pi coin investor. Then look no further because I have the right one he is a pi vendor (he buy and resell to whales in China). I met him on a crypto conference and ever since I and my friends have sold more than 10k pi coins to him And he bought all and still want more. I will drop his telegram handle below just send him a message.
@Pi_vendor_247
how to swap pi coins to foreign currency withdrawable.DOT TECH
As of my last update, Pi is still in the testing phase and is not tradable on any exchanges.
However, Pi Network has announced plans to launch its Testnet and Mainnet in the future, which may include listing Pi on exchanges.
The current method for selling pi coins involves exchanging them with a pi vendor who purchases pi coins for investment reasons.
If you want to sell your pi coins, reach out to a pi vendor and sell them to anyone looking to sell pi coins from any country around the globe.
Below is the contact information for my personal pi vendor.
Telegram: @Pi_vendor_247
how to sell pi coins at high rate quickly.DOT TECH
Where can I sell my pi coins at a high rate.
Pi is not launched yet on any exchange. But one can easily sell his or her pi coins to investors who want to hold pi till mainnet launch.
This means crypto whales want to hold pi. And you can get a good rate for selling pi to them. I will leave the telegram contact of my personal pi vendor below.
A vendor is someone who buys from a miner and resell it to a holder or crypto whale.
Here is the telegram contact of my vendor:
@Pi_vendor_247
The European Unemployment Puzzle: implications from population agingGRAPE
We study the link between the evolving age structure of the working population and unemployment. We build a large new Keynesian OLG model with a realistic age structure, labor market frictions, sticky prices, and aggregate shocks. Once calibrated to the European economy, we quantify the extent to which demographic changes over the last three decades have contributed to the decline of the unemployment rate. Our findings yield important implications for the future evolution of unemployment given the anticipated further aging of the working population in Europe. We also quantify the implications for optimal monetary policy: lowering inflation volatility becomes less costly in terms of GDP and unemployment volatility, which hints that optimal monetary policy may be more hawkish in an aging society. Finally, our results also propose a partial reversal of the European-US unemployment puzzle due to the fact that the share of young workers is expected to remain robust in the US.
how to sell pi coins in South Korea profitably.DOT TECH
Yes. You can sell your pi network coins in South Korea or any other country, by finding a verified pi merchant
What is a verified pi merchant?
Since pi network is not launched yet on any exchange, the only way you can sell pi coins is by selling to a verified pi merchant, and this is because pi network is not launched yet on any exchange and no pre-sale or ico offerings Is done on pi.
Since there is no pre-sale, the only way exchanges can get pi is by buying from miners. So a pi merchant facilitates these transactions by acting as a bridge for both transactions.
How can i find a pi vendor/merchant?
Well for those who haven't traded with a pi merchant or who don't already have one. I will leave the telegram id of my personal pi merchant who i trade pi with.
Tele gram: @Pi_vendor_247
#pi #sell #nigeria #pinetwork #picoins #sellpi #Nigerian #tradepi #pinetworkcoins #sellmypi
Practicalities of a Basic Income - Micheál Collins (NERI)
1. Practicalities of a
Basic Income:
levels, costs, funding & some questions
Dr Micheál Collins
NERI (Nevin Economic Research Institute)
Dublin
mcollins@NERInstitute.net
@ MLGCollins
www.NERInstitute.net
NICVA Basic Income Masterclass, Belfast
16th May 2014
2. Outline
1. Introduction
2. Data
3. Basic Income: 3 scenarios
4. Assumptions & Costs
5. Some Funding Options
6. Next Steps - some questions
3. 1. Introduction
• Increased interest in basic income
o Recession, precarity, persistent inequality, the viability of
the welfare state and the current system…
o BIEN, Citizens Income Trust, Basic Income UK
• This presentation
• First outing on costing a basic income for Northern Ireland
• Therefore, tentative…
• Research questions:
o level of the payments*
o how much would it cost*
o Financing this*
o Impact analysis
4. 2. Data
• Estimates built on various data sources:
o Population / composition: NISRA estimates mid-2012
o Welfare payments values (current)
o Poverty threshold data: DWP Households below average
income 2011-12 (2013)
o Minimum income standard estimates: NI (2008) & UK
(Hirsch, 2014)
o Cost of a child in 2013 (Hirsch, 2013)
o HMRC – tax decomposition for Northern Ireland (2013)
o ASH data for 2013 (average earnings)
o Most recent NI Nat. Insurance Fund a/c 2011-12
5. 3. Basic Income: 3 scenarios
• Looking at a full-BI
o replaces all tax credits and allowances for all in employment
o replaces state welfare supports for those not in employment
o likely to keep some special welfare payments…
• 3 scenarios for the level of BI payment
1. Linked to social welfare rates
2. Linked to poverty line values
3. Linked to Minimum income standards benchmarks
Possible to examine other iterations, but these will provide a benchmark
6. • How much?
o A key decision...
o Three scenarios (weekly payment amounts)
Scenario 1 Scenario 2 Scenario 3
Age category Welfare rates Poverty line MIS/MESL
0-15 yrs £20.50 £51.60 £82.99
16-23 yrs £38.90 £172.00 £106.70
24-64 yrs £57.35* £172.00 £273.86
65+ yrs £113.10 £172.00 £238.46
7. 4. Assumptions & Costs
• 3 Assumptions
o Administrative savings of £25m per annum
o Employers national insurance continues as a ‘social
responsibility tax’
• £771.3m per annum (estimate based on fund data and
composition of payments)
o Some benefit to consumption taxes will emerge
• assume that 4% of BI cost recovered through additional
consumption tax (VAT) revenue
• eventually will sensitivity test this….
8. • Costing approach
o Population in each age group * payment value (annualised)
o Minus administrative savings
o Establish net cost of each BI scenario
o Deduct from this:
• social responsibility tax revenue
• additional consumption tax revenue
o Establish amount needed to fund BI
9. Scenario 1 Scenario 2 Scenario 3
Welfare rates Poverty line MIS/MESL
Annual cost 5,307,257,168 13,918,074,123 19,954,943,695
Admin savings 25,000,000 25,000,000 25,000,000
Net cost 5,282,257,168 13,893,074,123 19,929,943,695
- employers NI 771,283,498 771,283,498 771,283,498
- recovered VAT 212,290,287 556,722,965 798,197,748
Funds needed for BI 4,298,683,384 12,565,067,660 18,360,462,449
Total in £m £4,299 £12,565 £18,360
10. • For a full BI:
o really scenario 1
o possibility (small) of scenario 2
Scenario 1 Scenario 2 Scenario 3
Welfare rates Poverty line MIS/MESL
Total in £m £4,299 £12,565 £18,360
11. 5. Some Funding Options
• A flat income tax
o A feature of the literature…why?
Scenario 1 Scenario 2 Scenario 3
Welfare rates Poverty line MIS/MESL
NI total tax revenue £m 10,518 10,518 10,518
Total income tax £m 2,754 2,754 2,754
Assumed effective rate* 17% 17% 17%
Estimated income tax
base 16,201 16,201 16,201
Estimated effective
income tax rate to
fund BI 26.5% 77.6% 113.3%
12. • In context of current expenditure:
o Welfare: £4.9bn per annum
o Used tax credits: £945m
13. 6. Next Steps – some questions
• Expensive reform
• Need to judge gains versus costs/losses
• But, it is a different model…
• Choices:
o full BI or conditional BI (partial BI)
o flat income tax often proposed, but not feasible; progressive taxes?
o funding sources beyond income taxes
• Further work:
o Simulate using FRS microdata
o judge versus objective of poverty reduction; stability and reducing
inequalities.
14. Practicalities of a
Basic Income:
levels, costs, funding & some questions
Dr Micheál Collins
NERI (Nevin Economic Research Institute)
Dublin
mcollins@NERInstitute.net
@ MLGCollins
www.NERInstitute.net
NICVA Basic Income Masterclass, Belfast
16th May 2014