Fiscal adjustments and income inequality : a first assessment

• Autor(es): Agnelllo, Luca ; Sousa, Ricardo M.
• Data: 2012
• Identificador Persistente: http://hdl.handle.net/1822/22473
• Origem: RepositóriUM - Universidade do Minho
• Assunto(s): Inequality; Fiscal consolidation; Kuznets curve; Openness
• Tipo de Documento: Research paper
• Idioma: Inglês

Descrição

Using a statistical approach to identify fiscal adjustments, we find that fiscal consolidation appears to shorten the income gap. Fiscal austerity plans that succeed in bringing public debt to a sustainable path seem to be more likely to reduce inequality. Expansionary fiscal adjustments are particularly important to promote changes in the income distribution.