opportunities of a lifetime

This report uses a revolutionary new research tool, LOIS (the Lifetime Opportunity and Incentives Simulation programme), to assess the impact of current government social policy on our lives from cradle to grave. The strengths and weaknesses of the British benefit, pension and taxation systems are analysed in terms of how well they meet, or are likely to meet, the needs of individuals throughout their lifetimes. Specific government promises, such as those to end child and pensioner poverty and to reward those who work, are also reassessed in this context. Comparing low- and average-paid life models, the report: shows how difficult it is to reconcile child poverty today against future pensioner poverty; develops new ideas about the design of social policy over the lifetime, such as 'opportunity traps' and the 'lifetime poverty see-saw'; reveals the pitfalls of private pensions for the low-paid. The opportunities of a lifetime is compulsory reading for social policy academics, researchers, analysts, students and policy makers who will find the innovative lifetime analysis invaluable. With brief and clear descriptions of the technical aspects of taxation, pensions and benefits, the report is also accessible to a wider readership.