The distributional effects of fiscal consolidation /

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Bibliographic Details
Author / Creator:Ball, Laurence M., author.
Imprint:[Washington, D.C.] : International Monetary Fund, 2013.
Description:1 online resource
Language:English
Series:IMF working paper ; WP/13/151
IMF working paper ; WP/13/151.
Subject:
Format: E-Resource Book
URL for this record:http://pi.lib.uchicago.edu/1001/cat/bib/12502019
Hidden Bibliographic Details
ISBN:1299746543
9781299746541
9781475567205
1475567200
9781475551945
1475551940
9781589069237
1589069234
Notes:Includes bibliographical references.
Print version record.
Summary: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.
Other form:Print version: 9781299746541

MARC

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100 1 |a Ball, Laurence M.,  |e author.  |0 http://id.loc.gov/authorities/names/n88673460 
245 1 4 |a The distributional effects of fiscal consolidation /  |c Laurence Ball [and three others]. 
260 |a [Washington, D.C.] :  |b International Monetary Fund,  |c 2013. 
300 |a 1 online resource 
336 |a text  |b txt  |2 rdacontent 
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338 |a online resource  |b cr  |2 rdacarrier 
490 1 |a IMF working paper ;  |v WP/13/151 
588 0 |a Print version record. 
520 3 |a 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. 
505 0 |a 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. 
505 8 |a 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. 
505 8 |a 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. 
504 |a Includes bibliographical references. 
650 0 |a Fiscal policy.  |0 http://id.loc.gov/authorities/subjects/sh85048601 
650 0 |a Economic stabilization.  |0 http://id.loc.gov/authorities/subjects/sh85040844 
650 6 |a Politique fiscale. 
650 6 |a Stabilisation économique. 
650 7 |a Economic stabilization.  |2 fast  |0 (OCoLC)fst00902085 
650 7 |a Fiscal policy.  |2 fast  |0 (OCoLC)fst00925806 
655 4 |a Electronic books. 
776 0 8 |i Print version:  |z 9781299746541 
830 0 |a IMF working paper ;  |v WP/13/151.  |0 http://id.loc.gov/authorities/names/no89010263 
856 4 0 |u http://elibrary.imf.org/view/journals/001/2013/151/001.2013.issue-151-en.xml  |y INTERNATIONAL MONETARY FUND 
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