Inequality and the Crisis: The Distributional Impact of Tax Increases and Welfare and Public Sector Pay Cuts
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2010Citation:
Callan, Tim; Nolan,Brian; Keane,Claire; Walsh,John R., Inequality and the Crisis: The Distributional Impact of Tax Increases and Welfare and Public Sector Pay Cuts, The Economic and Social Review, 41, 4, 2010, 461 - 471Download Item:
jacb201067.pdf (Published (author's copy) - Peer Reviewed) 222.0Kb
Abstract:
The economic crisis impacts directly on the distribution of income via unemployment
and private sector wages, but the way policy responds in seeking to control soaring fiscal deficits
is also central to its distributional consequences. Having sketched out the background in terms of
inequality trends during Ireland?s boom and the channels through which the recession affects
different parts of the income distribution, this paper investigates the distributional impact of the
government?s policy response with respect to direct tax, social welfare and public sector pay using
the SWITCH tax-benefit model. This provides empirical evidence relevant to future policy choices
as efforts to reduce the fiscal deficit continue.
Author's Homepage:
http://people.tcd.ie/callanthttp://people.tcd.ie/walshjr
http://people.tcd.ie/keanecl
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PUBLISHEDType of material:
Journal ArticleSeries/Report no:
The Economic and Social Review41
4
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Full text availableKeywords:
Inequality, taxes, impacts, unemployment, wages, policy, ireland, recession, ireland, income distribution, economicsLicences: