2023-09-28 14:46:10 +00:00
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abstract: 'Concern about rising inequality in advanced economies increased with the
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advent of the Great Recession in 2007. Rising unemployment and fiscal
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consolidation were expected to lead to greater inequality. We examine
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how the distribution of income in the EU countries that were hardest hit
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during the recession evolved over this time. We decompose the overall
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change in income inequality in Portugal, Ireland, Italy, Greece and
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Spain into parts attributable to changes in employment and wages,
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demographic changes, discretionary tax-benefit policy and automatic
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stabilisation effects. We implement this approach using the
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microsimulation model, EUROMOD, linked to EU-SILC survey data.
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Employment and wages were the main drivers of market income inequality
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increases. Automatic stabilisation effects, particularly through
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benefits, are found to play an important role in reducing inequality in
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all of the crisis countries. Their role is less important if we focus on
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the working-age population only, due to the limited nature of
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working-age benefits in southern European welfare systems. Discretionary
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policy changes also contributed to reductions in inequality, but to a
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much lesser extent.'
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affiliation: 'Doorley, K (Corresponding Author), Econ \& Social Res Inst, Dublin,
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Ireland.
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Doorley, Karina; Callan, Tim, Econ \& Social Res Inst, Dublin, Ireland.
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Doorley, Karina; Callan, Tim, Inst Labor Econ IZA, Dublin, Ireland.
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Savage, Michael, Bank Ireland, Dublin, Ireland.'
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author: Doorley, Karina and Callan, Tim and Savage, Michael
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author-email: 'karina.doorley@esri.ie
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tcallaneconomics@gmail.com
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michael.savage@boi.com'
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author_list:
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- family: Doorley
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given: Karina
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- family: Callan
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given: Tim
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- family: Savage
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given: Michael
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da: '2023-09-28'
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doi: 10.1111/1475-5890.12250
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earlyaccessdate: JAN 2021
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eissn: 1475-5890
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files: []
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issn: 0143-5671
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journal: FISCAL STUDIES
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keywords: 'inequality; decomposition; Great Recession; discretionary policy;
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automatic stabilisation'
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language: English
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month: JUN
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number: '2'
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number-of-cited-references: '30'
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pages: 319-343
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papis_id: aa0ff0cb6e4667704d1c8cf51b24122b
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ref: Doorley2021whatdrove
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times-cited: '7'
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title: What Drove Income Inequality in EU Crisis Countries during the Great Recession?*
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2023-10-01 08:15:07 +00:00
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type: article
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2023-09-28 14:46:10 +00:00
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unique-id: WOS:000612179500001
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usage-count-last-180-days: '2'
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usage-count-since-2013: '9'
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volume: '42'
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web-of-science-categories: Business, Finance; Economics
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year: '2021'
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