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The Distributional Effects of Fiscal Austerity / Laurence Ball . [and others].
- Format:
- Book
- Government document
- Series:
- UN Department of Economic and Social Affairs (DESA) Working Papers, 2520-6656 ; no.129.
- UN Department of Economic and Social Affairs (DESA) Working Papers, 2520-6656 ; no.129
- Language:
- English
- Subjects (All):
- Economic and Social Development.
- Local Subjects:
- Economic and Social Development.
- Physical Description:
- 1 online resource.
- Place of Publication:
- New York : United Nations, 2013.
- System Details:
- text file
- Summary:
- This paper examines the distributional effects of fiscal austerity. Using episodes of fiscal consolidation measures for a sample of 17 OECD countries over the period 1978-2009, we find that fiscal consolidation episodes have typically led to a significant and long-lasting increase in inequality. Tax-based consolidation episodes tend to have a larger and more persistent effect on inequality than spendingbased consolidations. The evidence also shows that while fiscal consolidations have typically led to a fall in wage income, they have not had a significant effect on profit and rent income.
- Access Restriction:
- Restricted for use by site license.
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