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Among the possible effects of a privatization process to be analysed are those between the transfers of funds and the … static and dynamic effects on efficiency. The impact of privatization on income distribution is then considered. Finally, an …
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Using panel data of 17 OECD countries for 1980-2011, we find that the distributional consequences of fiscal consolidations depend significantly on the level of private indebtedness. Austerity leads to a strong and persistent increase in income inequality during periods of private debt overhang....
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