The Distributional Effects of Fiscal Consolidation

Laurence Ball, Davide Furceri, Daniel Leigh, 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

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Year of publication:	2013
Other Persons:	Ball, Laurence M. (contributor) ; Furceri, Davide (contributor) ; Leigh, Daniel (contributor) ; Loungani, Prakash (contributor)
Publisher:	Washington, D.C : International Monetary Fund
Subject:	Haushaltskonsolidierung \| Fiscal consolidation \| Einkommensverteilung \| Income distribution \| Verteilungswirkung \| Distributional effect \| OECD-Staaten \| OECD countries \| 1978-2009

Extent:	1 Online-Ressource (24 pages)
Series:	IMF Working Papers ; no. 13, 151
Type of publication:	Book / Working Paper
Language:	English
ISBN:	9781475551945
Other identifiers:	10.5089/9781475551945.001 [DOI]
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10014409434