Distributional implications of the crisis in Greece in 2009-2012
The severe economic crisis affecting Greece since 2009 is having an unprecedented impact in terms of job and income losses, and is widely perceived to have a comparably significant effect in terms of greater inequality and increased poverty. We provide an assessment of whether (and to what extent) the latter is the case. More specifically, we use the European tax-benefit microsimulation model EUROMOD in order to quantify the impact of the austerity (i.e. fiscal consolidation policies) and the recession (i.e. negative developments in the wider economy) on the distribution of incomes in 2009-2012, and estimate how the burden of the crisis has been shared across income groups. We conclude by discussing the policy implications of our research.
|Date of creation:||22 Aug 2013|
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- Mike Brewer & James Browne & Andrew Hood & Robert Joyce & Luke Sibieta, 2013. "The Short‐ and Medium‐Term Impacts of the Recession on the UK Income Distribution," Fiscal Studies, Institute for Fiscal Studies, vol. 34(2), pages 179-201, 06.
- Callan, Tim & Leventi, Chrysa & Levy, Horacio & Matsaganis, Manos & Paulus, Alari & Sutherland, Holly, 2011. "The distributional effects of austerity measures: a comparison of six EU countries," EUROMOD Working Papers EM6/11, EUROMOD at the Institute for Social and Economic Research.
- Olivier Bargain & Tim Callan, 2007.
"Analysing the Effects of Tax-benefit Reforms on Income Distribution: A decomposition Approach,"
WP197, Economic and Social Research Institute (ESRI).
- Olivier Bargain & Tim Callan, 2010. "Analysing the effects of tax-benefit reforms on income distribution: a decomposition approach," Journal of Economic Inequality, Springer, vol. 8(1), pages 1-21, March.
- Bargain, Olivier & Callan, Tim, 2007. "Analysing the Effects of Tax-Benefit Reforms on Income Distribution: A Decomposition Approach," IZA Discussion Papers 3078, Institute for the Study of Labor (IZA).
- Bargain, Olivier & Callan, Tim, 2007. "Analysing the effects of tax-benefit reforms on income distribution: a decomposition approach," EUROMOD Working Papers EM5/07, EUROMOD at the Institute for Social and Economic Research.
- Olivier Bargain & Tim Callan, 2007. "Analysing the Effects of Tax-benefit Reforms on Income Distribution: A Decomposition Approach," Working Papers 200728, Geary Institute, University College Dublin.
- Olivier Bargain & Tim Callan, 2007. "Analysing the Effects of Tax-benefit Reforms on Income Distribution - A Decomposition Approach," Working Papers 200713, School of Economics, University College Dublin.
- André Decoster & Jason Loughrey & Cathal O'Donoghue & Dirk Verwerft, 2010. "How regressive are indirect taxes? A microsimulation analysis for five European countries," Journal of Policy Analysis and Management, John Wiley & Sons, Ltd., vol. 29(2), pages 326-350.
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