Macroeconomics, Income Distribution, and Poverty / Rebecca M. Blank, Alan S. Blinder.

Format:

Book

Author/Creator:

Blank, Rebecca M.

Contributor:

National Bureau of Economic Research.

Blinder, Alan S.

Series:

Working Paper Series (National Bureau of Economic Research) no. w1567.

NBER working paper series no. w1567

Language:

English

Physical Description:

1 online resource: illustrations (black and white);

Place of Publication:

Cambridge, Mass. National Bureau of Economic Research 1985.

Summary:

This paper investigates the impacts of macroeconomic activity and policy on the poverty population. It is shown that both the poverty count and the income share of the lowest quintile of income recipients move significantly with the business cycle. The differential impact of inflation versus unemployment on low income groups is analyzed at length.The evidence indicates that unemployment has very large and negative effects on the poor, while inflation appears to have few effects at all. In addition, changes in tax policy since 1950 have led to decreasing progressivity in the overall tax structure. Special attention is given to changes in the poverty rate over the past decade and to prospective changes in the remainder of the 1980s.

Notes:

Print version record

February 1985.