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The Distributional Effects of Fiscal Consolidation

This paper examines the distributional effects of fiscal consolidation. Using episodes of fiscal consolidation for a sample of 17 OECD countries over the period 1978–2009, we find that fiscal consolidation has typically had significant distributional effects by raising inequality, decreasing wage in...

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Bibliographic Details
Main Author: Ball, Laurence
Other Authors: Furceri, Davide, Leigh, Daniel, Loungani, Prakash
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2013
Series:IMF Working Papers
Subjects:
Labour
Incomes Policy
Equity, Justice, Inequality, And Other Normative Criteria And Measurement
Fiscal Consolidation
Income Economics
Labor
Income Distribution
Income Inequality
Unemployment: Models, Duration, Incidence, And Job Search
National Accounts
Unemployment
Fiscal Policy
Price Policy
Income
Personal Income, Wealth, And Their Distributions
Aggregate Factor Income Distribution
Macroeconomics
Personal Income
United Kingdom
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
Description
Summary:This paper examines the distributional effects of fiscal consolidation. Using episodes of fiscal consolidation for a sample of 17 OECD countries over the period 1978–2009, we find that fiscal consolidation has typically had significant distributional effects by raising inequality, decreasing wage income shares and increasing long-term unemployment. The evidence also suggests that spending-based adjustments have had, on average, larger distributional effects than tax-based adjustments
Physical Description:24 pages
ISBN:9781475551945

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