The preeminent economist Sir Anthony Atkinson has used EUROMOD to calculate the impacts of six of the 15 measures to reduce inequality in his new manifesto, published in his latest book “Inequality: What can be done?”
EUROMOD, ISER’s state-of-the-art tax benefit microsimulation model, was used to evaluate the redistributive effects of proposals 4, 8, 9, 12, 13 and 14.
Sir Anthony will be delivering a keynote presentation on his book at the University of Essex Economics Conference on the 12th of June.
The Atkinson Manifesto
1) State guidance of technological innovation to encourage employability of workers
2) Introduce a “distributional dimension” to economic competition policy
3) Guaranteed public employment
4) National pay policy and statutory living wage
5) Guaranteed inflation-adjusted return on savings but with maximum holding per person
6) Minimum monetary inheritances for all on reaching adulthood
7) UK sovereign wealth fund to invest in companies and property
8) 65 per cent top marginal rate of income tax
9) Earned income discount introduced for first band of earnings
10) Progressive inheritance tax on lifetime receipt of gifts
11) Progressive residential property tax
12) Return to universal child benefit, but taxable
13) Universal minimum “participation income”
14) Renewal of social insurance
15) 1% of GDP for overseas aid
Read Taking the European View – recent policy relevant research using EUROMOD