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Shared Societies and the Global Crisis: Evidence and Policy

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  • Raymond Torres

    (Director, International Institute for Labour Studies, International Labour Organization, Geneva.)

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    Abstract

    The recent global crisis has proved that the increase in income inequality observed over the last decades has not produced the expected effects on investments and growth. At the same time, this fact has amplified the message that there is still much work to do to ensure the social sustainability of globalization. The aim of this paper is to discuss the issue of income inequality in the context of the global crisis. In particular, it focuses on the inequality trends both before and after the current crisis and it examines the linkages between income inequality and the global economic and financial crisis. Furthermore, a set of policies and practices to correct these inequalities – notably, more well-designed labour market institutions, progressive taxation and social transfers – are discussed.

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    File URL: http://web2.msm.nl/RePEc/msm/wpaper/MSM-WP2012-42.pdf
    File Function: First version, 2012
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    Bibliographic Info

    Paper provided by Maastricht School of Management in its series Working Papers with number 2012/42.

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    Length: 28 pages
    Date of creation: Mar 2012
    Date of revision:
    Handle: RePEc:msm:wpaper:2012/42

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    Related research

    Keywords: Inequality; global crisis; sustainability; social cohesion; shared societies;

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    1. Peter M. Mieszkowski & George R. Zodrow, 1984. "The New View of the Property Tax: A Reformulation," NBER Working Papers 1481, National Bureau of Economic Research, Inc.
    2. Grady, Patrick, 1990. "An Analysis of the Distributional Impact of the Goods and Services Tax," MPRA Paper 13144, University Library of Munich, Germany.
    3. Raymond TORRES, 2010. "Incomplete crisis responses: Socio-economic costs and policy implications," International Labour Review, International Labour Organization, vol. 149(2), pages 227-237, 06.
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