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than at the bottom. Despite this, inequality in market incomes as measured by the Gini coefficient increased over the …
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We propose a new fiscal transmission channel based on countercyclical monopsony power in the labor market. We develop a Two-Agent New Keynesian model incorporating a time-varying degree of monopsony power, with workers valuing various job aspects and firms having wage-setting power, inversely...
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The COVID-19 pandemic risks exacerbating inequality in Asia. High frequency labor surveys show that the pandemic is … to increase inequalities. As a result, income inequality, which was already high and rising in Asia before the pandemic …
Persistent link: https://www.econbiz.de/10012392069
Fiscal policy is central to not only macroeconomic stability and growth, but also to poverty and inequality reduction … Turkey's achievements against peer countries. The results show that fiscal policy significantly reduces income inequality in … countervail the inequality-increasing impact of indirect taxes. At the bottom of the income distribution, targeted transfers are …
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, that direct taxes and cash transfers are overall progressive and reduce inequality and poverty. Our disaggregated analyses …
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This paper examines the role of income inequality in determining fiscal policy effectiveness by using panel data of 42 … output is smaller in economies with high income inequality: the 1-year fiscal multiplier for a country with relatively equal …-income households in the economies with high inequality tend to have strong incentives to save additional income from fiscal policy for …
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