Radical solutions need to be sought to get people off welfare and back into work

In the thirty-second IEA Discussion Paper, Poverty Research Fellow Kristian Niemietz puts forward solutions which would substantially simplify the welfare system, put in place better incentives to encourage work and discourage welfare dependency.

They tackle the full extent of the system from middle class benefits to those who are unemployed, those working part-time and those on low full-time incomes. If adopted this system would see less money being spent on bureaucracy, more people in work and people keeping more of their own money in the first place.

2010, Discussion Paper 32

See also:

The War Between the State and the Family by Patricia Morgan

Fullscreen Mode

Academic and Research Director, IEA

Philip Booth is Academic and Research Director at the Institute of Economic Affairs and Professor of Finance, Public Policy and Ethics at St. Mary's University, Twickenham. From 2002-2015 he was Professor of Insurance and Risk Management at Cass Business School. Previously, Philip Booth worked for the Bank of England as an advisor on financial stability issues and he was also Associate Dean of Cass Business School and held various other academic positions at City University. He has written widely, including a number of books, on investment, finance, social insurance and pensions as well as on the relationship between Catholic social teaching and economics. He is Deputy Editor of Economic Affairs and on the editorial boards of various other academic journals. Philip is a Fellow of the Royal Statistical Society, a Fellow of the Institute of Actuaries and an honorary member of the Society of Actuaries of Poland. He has previously worked in the investment department of Axa Equity and Law and was been involved in a number of projects to help develop actuarial professions and actuarial, finance and investment professional teaching programmes in Central and Eastern Europe. Philip has a BA in Economics from the University of Durham and a PhD from City University.