The distributional effects of fiscal consolidation

Laurence Ball, Davide Furceri, Daniel Leigh, and Prakash Loungani

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

MoreLess

Year of publication:	2013
Authors:	Ball, Laurence M. ; Furceri, Davide ; Leigh, Daniel ; Loungani, Prakash
Publisher:	Washington, DC : IMF
Subject:	Haushaltskonsolidierung \| Fiscal consolidation \| Einkommensverteilung \| Income distribution \| Verteilungswirkung \| Distributional effect \| OECD-Staaten \| OECD countries \| 1978-2009

freely available

Full text |

More access options

www.imfbookstore.org

doi.org

Check Google Scholar

In libraries world-wide (WorldCat)

In German libraries (KVK)

subito order

I need help

Extent:	Online-Ressource (23 S.) graph. Darst.
Series:	IMF working papers. - Washington, DC : IMF, ZDB-ID 2108494-4. - Vol. 13/151
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Arbeitspapier ; Working Paper ; Graue Literatur ; Non-commercial literature
Language:	English
Notes:	Description based upon print version of record Systemvoraussetzungen: Acrobat Reader Cover; Contents; I. Introduction; II. Data; A. Inequality, Income Shares and Unemployment; B. Fiscal Consolidation Episodes; C. Inequality and Fiscal Consolidation; III. Empirical Methodology; IV. Results; A. Gini Coefficient for Disposable Income; Spending versus taxes-based consolidation episodes; B. Wage vs. Profit and Rent Income; C. Short vs. Long-term Unemployment; V. Conclusions and Policy Implications; References; Figures; 1. Cumulative Change in the Gini Coefficient before and after Consolidation Measures 2. Cumulative Change in the Share of Wage Income in GDP before and after Consolidation Measures (% of GDP)3. The Effects of Fiscal Consolidation on Inequality; 4. The effects of Fiscal Consolidation on Inequality - Robustness Check for Different Set of Controls; 5. The Effects of Fiscal Consolidation on Inequality-Robustness Check for Different Lags; 6. The Effects of Fiscal Consolidation on Inequality-Spending vs. Taxes-based Measures; 7. The Effects of Fiscal Consolidation on Wage Income; 8. The Effects of Fiscal Consolidation on Wage vs. Profit and Rent Income 9. The Effects of Fiscal Consolidation on Wage Income-spending vs. Taxes Based Measures (percent change)10. The Effects of Fiscal Consolidation on Short and Long-term Unemployment; Appendix; Table A1. Descriptive Statistics and Sources
ISBN:	978-1-4755-5194-5
Other identifiers:	10.5089/9781475551945.001 [DOI]
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10010126153