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The Distributional Effects of Fiscal Consolidation
Laurence M. BallDavide FurceriMr.Daniel LeighMr.Prakash Loungani
出版International Monetary Fund, 2013-06-21
主題Business & Economics / Economics / MacroeconomicsBusiness & Economics / Labor / General
ISBN14755519409781475551945
URLhttp://books.google.com.hk/books?id=DVwZEAAAQBAJ&hl=&source=gbs_api
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註釋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.