The Distributional Effects of Fiscal Consolidation [electronic resource] / Laurence M Ball.
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TextSeries: IMF Working Papers; Working Paper ; No. 13/151Publication details: Washington, D.C. : International Monetary Fund, 2013Description: 1 online resource (24 p.)ISBN: 1475551940 :ISSN: 1018-5941Subject(s): Distributional Effects | Equity | Fiscal Adjustments | Fiscal Consolidation Episodes | Fiscal Consolidations | Inequality | France | Japan | Jersey | Luxembourg | United StatesAdditional physical formats: Print Version:: The Distributional Effects of Fiscal ConsolidationOnline resources: IMF e-Library | IMF Book Store 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.
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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