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The Distributional Impact of Austerity and the Recession in Southern Europe

Matsaganis, Manos and Leventi, Chrysa (2014) 'The Distributional Impact of Austerity and the Recession in Southern Europe.' South European Society and Politics, 19 (3). pp. 393-412. ISSN 1360-8746

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Southern European welfare states are under stress. On the one hand, the recession has been causing unemployment to rise and incomes to fall. On the other hand, austerity has affected the capacity of welfare states to protect those affected. This paper assesses the distributional implications of the crisis in Greece, Spain, Italy and Portugal from 2009 to 2013. Using a microsimulation model, we disentangle the first-order effects of tax–benefit policies from the broader effects of the crisis, and estimate how its burden has been shared across income groups. We conclude by discussing the methodological pitfalls and policy implications of our research.

Item Type: Article
Uncontrolled Keywords: Austerity; Recession; Microsimulation; Poverty; Inequality; Southern Europe; Economic Crisis; Italy; Greece; Spain; Portugal
Subjects: H Social Sciences > HA Statistics
H Social Sciences > HB Economic Theory
H Social Sciences > HJ Public Finance
Divisions: Faculty of Social Sciences
Faculty of Social Sciences > Institute for Social and Economic Research
SWORD Depositor: Elements
Depositing User: Elements
Date Deposited: 06 Feb 2015 14:21
Last Modified: 18 Aug 2022 11:07

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