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The distributional effects of fiscal consolidation

Author: Laurence M Ball
Publisher: [Washington, D.C.] : International Monetary Fund, 2013.
Series: IMF working paper, WP/13/151.
Edition/Format:   eBook : Document : EnglishView all editions and formats
Database:WorldCat
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,  Read more...
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Genre/Form: Electronic books
Additional Physical Format: Print version:
Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Laurence M Ball
ISBN: 1299746543 9781299746541 9781475567205 1475567200
OCLC Number: 855906746
Description: 1 online resource.
Series Title: IMF working paper, WP/13/151.
Responsibility: Laurence Ball [and three others].

Abstract:

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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