Search results for "Fscal consolidation"

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How does fiscal consolidation impact on income inequality?

2012

In this paper, we assess the impact of fiscal consolidation on income inequality. Using a panel of 18 industrialized countries from 1978 to 2009, we find that income inequality significantly rises during periods of fiscal consolidation. In addition, while fiscal policy that is driven by spending cuts seems to be detrimental for income distribution, tax hikes seem to have an equalizing effect. We also show that the size of the fiscal consolidation program (in percentage of GDP) has an impact on income inequality. In particular, when consolidation plans represent a small share of GDP, the income gap widens, suggesting that the burden associated with the effort affects disproportionately house…

Economics and EconometricsLabour economicsInequalitymedia_common.quotation_subjectSocial Sciencesfiscal consolidationEconomic inequalityKuznets curveIncome distribution0502 economics and businessEconomics050207 economicsFscal consolidationIncome inequalityKuznets curve10. No inequalitymedia_common050205 econometrics 050208 finance05 social sciences1. No povertyGross incomeSettore SECS-P/02 Politica EconomicaFiscal unionFiscal policyFiscal consolidation income inequality Kuznets curveIncome inequality metrics8. Economic growthD63E62E64
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