Lords to hear from IFS and IEA on impact of housing and jobs market on intergenerational fairness
The House of Lords Committee on Intergenerational Fairness and Provision will next week take evidence from leading think tanks the Institute for Fiscal Studies and the Institute of Economic Affairs among others, as it looks at the impact of housing and the labour market on intergenerational fairness.
The Committee, which was appointed to consider the long-term implications of Government policy on intergenerational fairness and provision, will focus its inquiry on four key areas of policy – taxation; jobs and the workplace, including in-work training and skills development; housing; and the role of communities .
The evidence sessions will start at 11:40am on Tuesday 17 July. The full details are:
11:40am
- Paul Johnson, Director, IFS
- Professor Stephen Machin, Director, Centre for Economic Performance, LSE
12:30pm
- Paul Johnson, Director, IFS
- Dr Kristian Niemietz, Head of Health and Welfare, IEA
- Ian Mulheirn, Director of Consulting, Oxford Economics
In the first session, which will focus on the labour market, questions will address wage and employment level differences between age groups and how this has changed over time, pay progression and how this has changed, and whether changes to the tax system, such as taxing workers beyond retirement age, or applying lower tax rates to those paying off tuition fee debts, could contribute to intergenerational fairness.
The second session will focus on the housing market. This will include questions on how property wealth is divided across generations; whether current taxation on housing is appropriate and what alternative forms of taxation might support intergenerational fairness; and the impact of the increase in the private rented sector on different generations.
