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through 2006, and its debt-income ratio rose dramatically, unlike the ratio for the top 5 percent. In the Great Recession, the …
Persistent link: https://www.econbiz.de/10013064683
The Great Recession had a tremendous impact on low-income Americans, in particular black and Latino Americans. The … in overall economic well-being and inequality as well as changes in racial economic inequality over the Great Recession …, during the Great Recession racial inequality in terms of the Levy Institute Measure of Economic Well-Being (LIMEW) decreased …
Persistent link: https://www.econbiz.de/10011591483
The Great Recession and the widespread adoption of fiscal austerity policies have heightened concern about inequality … and how well tax-benefit systems redistribute. We examine how the distribution of income in the EU countries which were … hardest hit during the recession evolved over this time. Using and extending a recently developed framework (Savage et al …
Persistent link: https://www.econbiz.de/10011864980
The Great Recession and the widespread adoption of fiscal austerity policies have heightened concern about inequality … and how well tax-benefit systems redistribute. We examine how the distribution of income in the EU countries which were … hardest hit during the recession evolved over this time. Using and extending a recently developed framework (Savage et al …
Persistent link: https://www.econbiz.de/10011821286
through 2006, and its debt- income ratio rose dramatically, unlike the ratio for the top 5 percent. In the Great Recession …
Persistent link: https://www.econbiz.de/10013300012
Financial crises are traditionally analyzed as purely economic phenomena. The political economy of financial booms and busts remains both under-emphasized and limited to isolated episodes. The policy discussions and economic literature generated by the most recent wave of financial crises have...
Persistent link: https://www.econbiz.de/10012936206
Financial crises are traditionally analyzed as purely economic phenomena. The political economy of financial booms and busts remains both under-emphasized and limited to isolated episodes. This paper examines the political economy of financial policy during ten of the most infamous financial...
Persistent link: https://www.econbiz.de/10012924255
This paper investigated the link between inflation and the top decile income share after the global financial crisis. The analysis was done on a sample of 42 countries. We found that higher inflation has reduced the income going to the top decile. The main explanation is that inflation has...
Persistent link: https://www.econbiz.de/10010374488
Tax-benefit policies affect household incomes through two main channels: discretionary policy changes and automatic … stabilisers. Although a large body of literature has studied the impact of tax-benefit policy changes on incomes, little is known … growing disparity in gross (pre-tax) market incomes. Inequality reduction was achieved mainly through policy changes to …
Persistent link: https://www.econbiz.de/10011926124
both in the build up to, and during the Great Recession. The Irish case is particularly interesting because it has been one … workers in Ireland taken from tax returns, which are free of reporting error. We find a substantial degree of downward wage …
Persistent link: https://www.econbiz.de/10010223423