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The financial and economic crisis which started in the late 2000s and the fiscal consolidation measures to counter the subsequent government budget deficits have an impact on household income distribution and macroeconomic recovery. We consider the austerity measures in relation to their...
Persistent link: https://www.econbiz.de/10011304586
After much empirical documentation of patterns of inequality, we address in this paper the need for a convincing … interpretation of the causes of inequality in advanced countries. We set the current debate in the context of the evolution of ideas … on inequality, including the debate on Thomas Piketty's book. We argue that four 'engines of inequality' can be …
Persistent link: https://www.econbiz.de/10011335951
One of the most interesting facts about the growth of developed nations, especially of the US growth, in the last three decades is significant growth of the ratio of the wage of skilled labor to that of unskilled labor. At the same time, existing evidence seems to suggest that the ratio of the...
Persistent link: https://www.econbiz.de/10010321661
modest increase in overall inequality of market incomes as measured by the Gini coefficient. However, we also document a … income inequality was stronger in East Germany than in West Germany. In both regions, the income concentration process …
Persistent link: https://www.econbiz.de/10011600697
for those at the bottom of the income scale? Will ARRA reverse the upward trend in inequality that we have seen in the … creation, ARRA is likely to have little impact on overall income inequality, or on the income gaps between relatively …
Persistent link: https://www.econbiz.de/10010266588
This paper surveys major empirical regularities concerning changes in earnings inequality in Europe and the U.S. over … possible rationale for recent inequality developments. …
Persistent link: https://www.econbiz.de/10010272949
Economic inequality has increased in many EU countries in the last decades. Yet, efforts assessing economic disparities … to fill this gap, focussing on whether there has been convergence of income inequality among EU regions, and on to what … level of income inequality, so becoming equally more unequal. Second, this process is significantly faster when regions …
Persistent link: https://www.econbiz.de/10012391375
investment expensing brings about sizeable output gains and a nontrivial increase in after-tax income inequality. However, it … households to abandon poverty faster. We also find that the progressivity of the reforms matters for welfare: economies with more …
Persistent link: https://www.econbiz.de/10014496078
Meltzer and Richard (1981), higher initial inequality levels do not correlate positively with redistribution. I conduct a …
Persistent link: https://www.econbiz.de/10011725485
inequality increased. We introduce new ways of approximating the effects of international flows and find that the recent increase … in Swedish wealth inequality is likely to be larger than what official estimates suggest. …
Persistent link: https://www.econbiz.de/10010320172