Showing 1 - 10 of 1,788
Using the U.S. Current Population Survey data, this paper compares the distributional impacts of the Pandemic Crisis and those of the Global Financial Crisis in terms of (i) worker characteristics, (ii) job characteristics-'social' (where individuals interact to consume goods), 'teleworkable'...
Persistent link: https://www.econbiz.de/10012251998
This paper uses an individual-level survey conducted by the Edelman Trust Barometer in mid-April for 11 advanced and emerging market economies to examine perceptions of government performance in managing the health and economic crisis, beliefs about the future, and attitudes about...
Persistent link: https://www.econbiz.de/10012518743
The paper studies how high leverage and crises can arise as a result of changes in the income distribution. Empirically, the periods 1920-1929 and 1983-2008 both exhibited a large increase in the income share of the rich, a large increase in leverage for the remainder, and an eventual financial...
Persistent link: https://www.econbiz.de/10014402855
the income share of higher-income deciles, and lowered the employment-to-population ratio for those with basic education … compared to those with higher education. We provide some evidence that the distributional consequences from the current …
Persistent link: https://www.econbiz.de/10012613506
inequality (Furceri, Loungani, Ostry and Pizzuto, 2020). In this paper, we show that the extent of fiscal consolidation in the … inequality. Episodes marked by extreme austerity-measured using either the government's fiscal balance, health expenditures or … redistribution-have been associated with an increase in the Gini measure of inequality three times as large as in episodes where …
Persistent link: https://www.econbiz.de/10012613680
A universal testing and isolation policy is the most viable way to vanquish a pandemic. Its implementation requires: (i) an epidemiological rather than clinical approach to testing, sacrificing accuracy for scalability, convenience and speed; and (ii) state intervention to ramp up production,...
Persistent link: https://www.econbiz.de/10012252486
In this paper we analyze the dynamics among past major pandemics, economic growth, inequality, and social unrest. We … increase in social unrest by reducing output and increasing inequality. We also find that higher social unrest, in turn, is … associated with lower ourput and higher inequality, pointing to a vicious cycle. Our results suggest that without policy measures …
Persistent link: https://www.econbiz.de/10012392066
While the COVID-19 pandemic is affecting all countries, output losses vary considerably across countries. We provide a first analysis of robust determinants of observed initial output losses using model-averaging techniques-Weighted Average Least Squares and Bayesian Model Averaging. The results...
Persistent link: https://www.econbiz.de/10012517923
Persistent link: https://www.econbiz.de/10012487290
to significant and persistent reductions in disposable income, along with increases in unemployment, income inequality …
Persistent link: https://www.econbiz.de/10012613687