Income Dispersion And Economic Crises

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Income Dispersion And Economic Crises

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Author : Maurizio Pasquino
language : en
Publisher: Booksprint
Release Date : 2021-05-11

Income Dispersion And Economic Crises written by Maurizio Pasquino and has been published by Booksprint this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-05-11 with Business & Economics categories.

Current economic theories do not provide the elements to understand the causes and processes that provoke economic crises. In this book, Maurizio Pasquino explains the underlying reasons and introduces the new concept of income dispersion. Income dispersion provides a much broader vision of how an economic system works, setting the bases for a more efficient way of identifying and resolving the problems of the society in which we live today.

Inequality Leverage And Crises

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Author : Mr.Michael Kumhof
language : en
Publisher: International Monetary Fund
Release Date : 2010-11-01

Inequality Leverage And Crises written by Mr.Michael Kumhof and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-11-01 with Business & Economics categories.

The paper studies how high leverage and crises can arise as a result of changes in the income distribution. Empirically, the periods 1920-1929 and 1983-2008 both exhibited a large increase in the income share of the rich, a large increase in leverage for the remainder, and an eventual financial and real crisis. The paper presents a theoretical model where these features arise endogenously as a result of a shift in bargaining powers over incomes. A financial crisis can reduce leverage if it is very large and not accompanied by a real contraction. But restoration of the lower income group's bargaining power is more effective.

Inequality Leverage And Crises

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Author : Mr.Michael Kumhof
language : en
Publisher: International Monetary Fund
Release Date : 2013-12-17

Inequality Leverage And Crises written by Mr.Michael Kumhof and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-12-17 with Business & Economics categories.

The paper studies how high household leverage and crises can arise as a result of changes in the income distribution. Empirically, the periods 1920-1929 and 1983-2008 both exhibited a large increase in the income share of high-income households, a large increase in debt leverage of the remainder, and an eventual financial and real crisis. The paper presents a theoretical model where higher leverage and crises arise endogenously in response to a growing income share of high-income households. The model matches the profiles of the income distribution, the debt-to-income ratio and crisis risk for the three decades prior to the Great Recession.

Financial Crises Poverty And Income Distribution

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Author : Emanuele Baldacci
language : en
Publisher: International Monetary Fund
Release Date : 2002

Financial Crises Poverty And Income Distribution written by Emanuele Baldacci and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002 with Business & Economics categories.

Developing and transition economies are prone to financial crises, including balance of payments and banking crises. These crises affect poverty and the distribution of income through a variety of channels: slowdowns in economic activity, relative price changes, and fiscal retrenchment, among others. This paper deals with the impact of financial crises on the incidence of poverty and income distribution, and discusses policy options that can be considered by governments in the aftermath of crises. Empirical evidence, based on both macro- and microlevel data, shows that financial crises are associated with an increase in poverty and, in some cases, income inequality. The provison of targeted safety nets and the protection of specific social programs from fiscal retrenchment remain the main short-term propoor policy responses to financial crises.

The Great Recession And The Distribution Of Household Income

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Author : Stephen P. Jenkins
language : en
Publisher: Oxford University Press, USA
Release Date : 2013

The Great Recession And The Distribution Of Household Income written by Stephen P. Jenkins and has been published by Oxford University Press, USA this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013 with Business & Economics categories.

The so-called Great Recession that followed the global financial crisis at the end of 2007 was the largest economic downturn since the 1930s for most rich countries. To what extent were household incomes affected by this event, and how did the effects differ across countries? This is the first cross-national study of the impact of the Great Recession on the distribution of household incomes. Looking at real income levels, poverty rates, and income inequality, it focusses on the period 2007-9, but also considers longer-term impacts. Three vital contributions are made. First, the book reviews lessons from the past about the relationships between macroeconomic change and the household income distribution. Second, it considers the experience of 21 rich OECD member countries drawing on a mixture of national accounts, and labour force and household survey data. Third, the book presents case-study evidence for six countries: Germany, Ireland, Italy, Sweden, the UK, and the USA. The book shows that, between 2007 and 2009, government support through the tax and benefit system provided a cushion against the downturn, and household income distributions did not change much. But, after 2009, there is likely to be much greater change in incomes as a result of the fiscal consolidation measures that are being put into place to address the structural deficits accompanying the recession. The book's main policy lesson is that stabilisation of the household income distribution in the face of macroeconomic turbulence is an achievable policy goal, at least in the short-term.

Who Loses In The Downturn

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Author : Herwig Immervoll
language : en
Publisher: Emerald Group Publishing
Release Date : 2011-04-15

Who Loses In The Downturn written by Herwig Immervoll and has been published by Emerald Group Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011-04-15 with Business & Economics categories.

Contains fresh knowledge on the effects of the economic downturn on employment and income distribution. This title also contains research papers offering fresh insights into issues such as how wages, employment and incomes are affected by the crisis, which demographic groups are most vulnerable in the recession, and more.

Banking Sector Crises And Inequality

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Author : Patrick Honohan
language : en
Publisher: World Bank Publications
Release Date : 2005

Banking Sector Crises And Inequality written by Patrick Honohan and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005 with Bank failures categories.

An apparent temporary narrowing of income inequality has been observed during several recent banking crises. But it would be a mistake to conclude that such crises don't matter for the poor. For one thing, the correlation is not strong, and the opposite pattern has also been present. Besides, the poor are much less able to absorb a cut in income: safety-net policies are crucial during a downturn even if the gap between rich and poor has temporarily narrowed. More fundamentally, distributional shifts during the crisis may be less important than the fact that underlying financial policy and infrastructures conducive to crisis can also be associated with more unequal societies.

Income Distribution And Economic Crises

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Author : Bilin Neyapti
language : en
Publisher:
Release Date : 2015

Income Distribution And Economic Crises written by Bilin Neyapti and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015 with categories.

This paper analyzes the relationship between income distribution and the severity of economic crises, where the severity is measured by the length and the depth of the recessions. Using an extensive panel dataset on income distribution and employing an event study framework, we find significant evidence that there is a negative association between the prevailing degree of income inequality and the severity of the recessions. In the case of high income countries that have bad income distribution, however, recessions are observed to be longer than the average. This is likely to result from the strong status-quo bias of the powerful groups and their access to the means of redistribution towards the poor in order to circumvent the reforms pressures for creative destruction and improved income distribution. The longer period of recessions observed in developed countries than in less developed countries in the aftermath of the Great Recession is supportive of this argument.The findings also reveal that recessions tend to be longer during the decade of the 1990s than the rest of the period studied. Evidence indicates that openness is also associated with prolonged recessions.With regard to the impact of recessions on income distribution, the evidence in the paper indicates that the post-crises income distribution worsens significantly with the length but improves with the depth of the preceding recessions. We also note that, in addition to the persistence effect, the lack of monetary discipline worsens income distribution in the post-crises periods significantly.

Income Disparity In China Crisis Within Economic Miracle

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Author : Dianqing Xu
language : en
Publisher: World Scientific
Release Date : 2014-03-28

Income Disparity In China Crisis Within Economic Miracle written by Dianqing Xu and has been published by World Scientific this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-03-28 with Business & Economics categories.

China has achieved remarkable economic success in the past three decades and has become the second-largest economy in the world after the United States. However, accompanying this rapid economic growth is an increasing income inequality. In recent years, China's income disparity has reached an alarming level, making it one of the countries with the most unequal income distribution in the world.The widening income gap is the root cause of many issues in contemporary China. How should China step up distribution system reform? How should China deepen the reforms to its fiscal and tax systems? Should the government increase wages to achieve the income multiplication plan? What is the fundamental measure to tackle income disparity issues in China? With in-depth analysis and empirical studies on these questions, this book provides comprehensive perspectives on China's income disparity issues that most international scholars are concerned about.

Inequality

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Author : Folke Dovring
language : en
Publisher: Praeger
Release Date : 1991

Inequality written by Folke Dovring and has been published by Praeger this book supported file pdf, txt, epub, kindle and other format this book has been release on 1991 with Business & Economics categories.

A worsening economic crisis due to the shift in wealth over the past decade is the central concern of this carefully documented study. It profiles the current status of income inequality in this country and discerns disturbing trends for the future. A wealth of data are collected, evaluated, and simplified into a straightforward view of the variables of income distribution. Dovring asserts that these must be examined in order to reverse the economic decline that threatens our democratic system. The study clarifies the problems associated with income inequality and formulates a consistent system for measuring its effects.