abstract: 'Even before the financial crisis, many developed economies were facing growing inequality and struggling to maintain employment and earnings. This paper addresses two key questions. What has happened to inequality? Where will tax and welfare reforms have most impact? The UK is used as a running example. The analysis suggests that the pattern of sluggish real wages at the bottom looks set to continue, and longer-term earnings growth will come mainly from high-skilled occupations. Growing earnings inequality will bring increasing pressure on the tax and welfare system. A blueprint for a coherent tax policy reform is presented.' affiliation: 'Blundell, R (Corresponding Author), UCL, London WC1E 6BT, England. Blundell, R (Corresponding Author), Inst Fiscal Studies, London, England. Blundell, Richard, UCL, London WC1E 6BT, England. Blundell, Richard, Inst Fiscal Studies, London, England.' author: Blundell, Richard author_list: - family: Blundell given: Richard da: '2023-09-28' doi: 10.1111/ecca.12186 eissn: 1468-0335 files: [] issn: 0013-0427 journal: ECONOMICA keywords-plus: 'TAXABLE INCOME; LABOR; RATES; ELASTICITY; EMPLOYMENT; FAMILIES; POVERTY; POLICY; MICRO; MODEL' language: English month: APR number: '330' number-of-cited-references: '46' orcid-numbers: Blundell, Richard William/0000-0003-1588-2299 pages: 201-218 papis_id: eaabc69004928e1c4065e352bae0abac ref: Blundell2016coaselecturehuman researcherid-numbers: Blundell, Richard William/C-1552-2008 times-cited: '0' title: 'Coase LectureHuman Capital, Inequality and Tax Reform: Recent Past and Future Prospects' type: article unique-id: WOS:000372256500001 usage-count-last-180-days: '0' usage-count-since-2013: '6' volume: '83' web-of-science-categories: Economics year: '2016'