Arbeitspapier

Structural Reforms and Income Distribution: New Evidence for OECD Countries

This paper examines the impact of labour market and product market reforms on income inequality for 25 OECD countries, using the local projections approach and updates of the reform indicators put together by Duval et al. (2018) until 2020. Our results suggest that both types of (endogenized) reforms cause more income inequality. Consistent with this finding is that counter-reforms lead to less income inequality. However, the inequality-raising effects of reforms occur especially in countries that have below median levels of social spending; in countries where social spending is above the sample median, the effect of reform is mostly statistically insignificant.

Language
Englisch

Bibliographic citation
Series: CESifo Working Paper ; No. 10214

Classification
Wirtschaft
Personal Income, Wealth, and Their Distributions
Labor Force and Employment, Size, and Structure
Fiscal Policies and Behavior of Economic Agents: General
Legal Monopolies and Regulation or Deregulation
Economics of Regulation
Subject
structural reforms
income distribution
local projections
nonlinearities

Event
Geistige Schöpfung
(who)
Wiese, Rasmus
Jalles, João Tovar
de Haan, Jakob
Event
Veröffentlichung
(who)
Center for Economic Studies and ifo Institute (CESifo)
(where)
Munich
(when)
2023

Handle
Last update
10.03.2025, 11:42 AM CET

Data provider

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Object type

  • Arbeitspapier

Associated

  • Wiese, Rasmus
  • Jalles, João Tovar
  • de Haan, Jakob
  • Center for Economic Studies and ifo Institute (CESifo)

Time of origin

  • 2023

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