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Income Inequality Developments in the Great Recession

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  • Tomas Hellebrandt

    (Peterson Institute for International Economics)

Abstract

Using data on eight advanced economies (Germany, Greece, Ireland, Italy, Slovakia, Spain, the United Kingdom, and United States) between 2007 and 2010, Tomas Hellebrandt shows how the Great Recession affected income inequality in different countries and how families and the state tried to mitigate its impact—primarily through redistributing income within households and through benefit and tax policies.

Suggested Citation

  • Tomas Hellebrandt, 2014. "Income Inequality Developments in the Great Recession," Policy Briefs PB14-3, Peterson Institute for International Economics.
    • Handle: RePEc:iie:pbrief:pb14-3
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    File URL: https://www.piie.com/publications/policy-briefs/income-inequality-developments-great-recession
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    References listed on IDEAS

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    1. Jaejoon Woo & Ms. Elva Bova & Mr. Tidiane Kinda & Ms. Yuanyan S Zhang, 2013. "Distributional Consequences of Fiscal Consolidation and the Role of Fiscal Policy: What Do the Data Say?," IMF Working Papers 2013/195, International Monetary Fund.
    2. Lerman, Robert I & Yitzhaki, Shlomo, 1985. "Income Inequality Effects by Income," The Review of Economics and Statistics, MIT Press, vol. 67(1), pages 151-156, February.
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    Cited by:

    1. Timm Bönke & Carsten Schröder, 2014. "European-Wide Inequality in Times of the Financial Crisis," Journal of Income Distribution, Ad libros publications inc., vol. 23(3), pages 7-34, November.
    2. Vanda Almeida, 2020. "Income Inequality and Redistribution in the Aftermath of the 2007-2008 Crisis: The U.S. Case," National Tax Journal, National Tax Association;National Tax Journal, vol. 73(1), pages 77-114, March.
    3. Mehmet E. Yaya, 2018. "Great Recession and Income Inequality: a State-level Analysis," Journal of Economics, Race, and Policy, Springer, vol. 1(2), pages 112-125, September.
    4. Ilaria Petrarca & Roberto Ricciuti, 2015. "Relative income distribution in six European countries: market and disposable income," LIS Working papers 629, LIS Cross-National Data Center in Luxembourg.
    5. Smit, Tycho A.B. & Hu, Jing & Harmsen, Robert, 2014. "Unravelling projected energy savings in 2020 of EU Member States using decomposition analyses," Energy Policy, Elsevier, vol. 74(C), pages 271-285.

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