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detrimental medium-term effects on output, unemployment, poverty, and inequality. However, policies can go a long way toward … relatively greater fiscal support. The increases in unemployment, poverty, and inequality are likewise lower for countries with …
Persistent link: https://www.econbiz.de/10012605652
as its implications for income inequality. The main finding is that young, less educated, and low skilled workers, as … hypothesize that income inequality likely has increased due to the pandemic. Policies aiming at reducing inequality in the labor …
Persistent link: https://www.econbiz.de/10013170558
unemployment by about 2.2 pp after five years. If sequencing is required, starting with PMRs would be more effective in boosting … output, while starting with LMRs would reduce unemployment faster. Finally, increasing unemployment benefits would be more …
Persistent link: https://www.econbiz.de/10012122485
We show empirical evidence that there may not be a tradeoff between market income inequality and high sustained growth … inequality are characterized by dynamism-a drive toward sophisticated export industries, innovation, and creative destruction and …
Persistent link: https://www.econbiz.de/10012517949
This paper considers various dimensions and sources of gender inequality and presents policies and best practices to …
Persistent link: https://www.econbiz.de/10012518760
Is there a tradeoff between raising growth and reducing inequality and poverty? This paper reviews the theoretical and … empirical literature on the complex links between growth, inequality, and poverty, with causation going in both directions. The … evidence suggests that growth can be effective in reducing poverty, but its impact on inequality is ambiguous and depends on …
Persistent link: https://www.econbiz.de/10012518886
Sharing economic benefits equitably across all segments of society includes addressing the specific challenges of different generations. At present, youth and elderly are particularly vulnerable to poverty relative to adults in their middle years. Broad-based policies should aim to foster youth...
Persistent link: https://www.econbiz.de/10012518902
claims that the rise in inequality in many countries can be attributed to the concurrent rise in trade competition …
Persistent link: https://www.econbiz.de/10012518909
marked increase in inequality. Beyond consumer welfare in a narrow market, competition policy should adapt to this new … reality by considering the spillover and dynamic effects of market power, especially on firm entry, innovation, and inequality …
Persistent link: https://www.econbiz.de/10012518975
In this paper, we review the role of the political economy in inclusive growth. We find that political economy forces on the demand and supply side have weakened redistribution over time and contributed to a new wave of populism. We document growing support for a rethink of the social contract...
Persistent link: https://www.econbiz.de/10012518977