Macroeconomic Adjustment and Poverty in Selected Developed Countries
This paper studies the effect of the business cycle on poverty, drawing evidence from the United States, Great Britain, Sweden and Australia. Many of the poor in those countries are outside the labour market and for those inside, transfers are a large part of income. But unemployment and wage reduction in recession still increase poverty. Major causes of poverty are unemployment in Great Britain and Australia and low wages in the United States. Similar relations are observed in Sweden but a vast transfer program has virtually eliminated poverty. This paper concludes with an examination of the policy options for combating the poverty caused by recession. A combination of unemployment insurance for a limited period followed by a job guarantee is the most effective policy towards unemployment. Poverty caused by low earnings can be dealt with by redistribution through the tax system.
To our knowledge, this item is not available for
download. To find whether it is available, there are three
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.
|Date of creation:||Nov 1990|
|Date of revision:|
|Contact details of provider:|| Web page: http://cep.lse.ac.uk/_new/publications/series.asp?prog=CEP|
When requesting a correction, please mention this item's handle: RePEc:cep:cepdps:dp0013. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: ()
If references are entirely missing, you can add them using this form.