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This paper evaluates the impact of a large macroeconomic shock on poverty. In particular, we use longitudinal data from … countries in order to quantify changes in poverty transition patterns caused by the 2007 global financial crisis. Because the … substantial macroeconomic shock on poverty. Employing semiparametric mixed discrete time survival analysis, we find that …
Persistent link: https://www.econbiz.de/10011613204
Severe recessions and financial crises are frequent. Their effect on the economy is persistent and often exceeds initial projections. They can also be a strong driver of widening inequality. Therefore it is important that measures be taken to minimize the risk of such events while strengthening...
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Severe recessions and financial crises are frequent. Their effect on the economy is persistent and often exceeds initial projections. They can also be a strong driver of widening inequality. Therefore it is important that measures be taken to minimise the risk of such events while strengthening...
Persistent link: https://www.econbiz.de/10011751855
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engaging children in child labour, can lock households in a low-income equilibrium or poverty trap. Provided that covariate …
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With very low unemployment, a large and stable current account surplus, low government debt and a budget in surplus, the Dutch economy was assessed initially to be relatively well prepared to weather the financial and economic crisis. In 2008, however, the negative effects of the financial...
Persistent link: https://www.econbiz.de/10009641070