Showing 1 - 10 of 3,029
Using new data from the Understanding Society: COVID 19 survey collected in April 2020, we show how the aggregate shock caused by the pandemic affects individuals across the distribution. The survey collects data from existing members of the Under-standing Society panel survey who have been...
Persistent link: https://www.econbiz.de/10012226071
Calculations based on data from the Socio-Economic Panel (SOEP) show that after the introduction of a statutory minimum wage in Germany in January 2015, the wage growth of eligible employees with low wages accelerated significantly. Before the reform, the nominal growth in contractual hourly...
Persistent link: https://www.econbiz.de/10011762753
-over effects up to 20 percent above it. We show that inequality in hourly wages fell between 2014 and 2018, but that the long …-term trend of rising inequality would already have been stopped after 2014 without the minimum wage. We demonstrate that the …
Persistent link: https://www.econbiz.de/10013367531
This paper presents findings on the changing effectiveness of cash transfers and income taxes on inequality and poverty … and inequality. The strength of the relationship varies between countries and in some cases between the all age and the …
Persistent link: https://www.econbiz.de/10011289926
In Great Britain the seven years following WWI were marked by rigorous austerity policies. From 1918 to 1925 the main objectives were budget cuts and monetary deflation. Certainly, being the central department for financial policies, the British Treasury had decisive authority in setting such...
Persistent link: https://www.econbiz.de/10011420636
This paper offer a guide to how the British experience of 1929–39 may provide useful macroeconomic lessons for the present once due regard is made for historical contingency and context. It re-examines the forces that shaped policy and what we know about policy impact, focusing on, first, the...
Persistent link: https://www.econbiz.de/10013102790
We have entered a world of conjoined monetary and macroprudential policies. But can they function smoothly in tandem, and with what effects? Since this policy cocktail has not been seen for decades, the empirical evidence is almost non-existent. We can only fix this shortcoming in a historical...
Persistent link: https://www.econbiz.de/10012984714
Persistent link: https://www.econbiz.de/10012254351
This paper investigates the macroeconomic effects of UK banking crises over the period 1750 to 1938. We construct a new annual banking crisis series using bank failure rate data, which suggests that the incidence of banking crises was every 32 years. Using our new series and a narrative approach...
Persistent link: https://www.econbiz.de/10011740354
policies are able to effectively reduce income inequality. We contribute to this research question by using different country …-level data sources to study inequality trends in OECD countries since 1980. We first investigate the development of inequality … over time before analyzing the question of whether governments can effectively reduce inequality. Different identification …
Persistent link: https://www.econbiz.de/10010238356