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.
Agnello, L., Sousa, R. (2012). Fiscal adjustments and income inequality: a first assessment. APPLIED ECONOMICS LETTERS, 19(16), 1627-1632 [10.1080/13504851.2011.648315].
Fiscal adjustments and income inequality: a first assessment
AGNELLO, Luca;
2012-01-01
Abstract
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.
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