Table 3. Open in new tab... | Oxford Academic

Table 3.

Open in new tab

Parameterization of the benefit functions for benchmark IW benefits, benchmark IS, and UC, 2015 pounds

		Benchmark
Description	Parameter	IW	IS	UC
Intercept	$ϕ_{0}^{X}$	1,960	4,574	4,035
Marriage benefit	$ϕ_{1}^{X}$	0	1,366	2,312
Per kid	$ϕ_{2}^{X}$	2,010	907	1,805
Max. kids	$k m^{X}$	1	–	2
Tapering rate	ω	1.11		0.63
Earnings disregard	$y^{D R}$	–	–	2,304
Asset test	$\bar{a}$	–	–	16,000

		Benchmark
Description	Parameter	IW	IS	UC
Intercept	$ϕ_{0}^{X}$	1,960	4,574	4,035
Marriage benefit	$ϕ_{1}^{X}$	0	1,366	2,312
Per kid	$ϕ_{2}^{X}$	2,010	907	1,805
Max. kids	$k m^{X}$	1	–	2
Tapering rate	ω	1.11		0.63
Earnings disregard	$y^{D R}$	–	–	2,304
Asset test	$\bar{a}$	–	–	16,000

Table 3.

Open in new tab

Parameterization of the benefit functions for benchmark IW benefits, benchmark IS, and UC, 2015 pounds

		Benchmark
Description	Parameter	IW	IS	UC
Intercept	$ϕ_{0}^{X}$	1,960	4,574	4,035
Marriage benefit	$ϕ_{1}^{X}$	0	1,366	2,312
Per kid	$ϕ_{2}^{X}$	2,010	907	1,805
Max. kids	$k m^{X}$	1	–	2
Tapering rate	ω	1.11		0.63
Earnings disregard	$y^{D R}$	–	–	2,304
Asset test	$\bar{a}$	–	–	16,000

		Benchmark
Description	Parameter	IW	IS	UC
Intercept	$ϕ_{0}^{X}$	1,960	4,574	4,035
Marriage benefit	$ϕ_{1}^{X}$	0	1,366	2,312
Per kid	$ϕ_{2}^{X}$	2,010	907	1,805
Max. kids	$k m^{X}$	1	–	2
Tapering rate	ω	1.11		0.63
Earnings disregard	$y^{D R}$	–	–	2,304
Asset test	$\bar{a}$	–	–	16,000