Automatic stabilizers, economic crisis and income distribution in Europe

Arbeitspapier

This paper investigates to what extent the tax and transfer systems in Europe protect households at different income levels against losses in current income caused by economic downturns like the present financial crisis. We use a multi country micro simulation model to analyse how shocks on market income and employment are mitigated by taxes and transfers. We find that the aggregate redistributive effect of the tax and transfer systems increases in response to the shocks. But the extent to which households are protected differs across income levels and countries. In particular, there is little stabilization of disposable income for low income groups in Eastern and Southern European countries.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: IZA Discussion Papers ; No. 4917

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Business Fluctuations; Cycles ; Comparative or Joint Analysis of Fiscal and Monetary Policy; Stabilization; Treasury Policy ; Fiscal Policies and Behavior of Economic Agents: Household
• Thema: Automatic stabilization ; crisis ; inequality ; redistribution ; Eingebauter Stabilisator ; Steuersystem ; Sozialtransfer ; Wirtschaftskrise ; Verteilungswirkung ; Vergleich ; EU-Staaten ; EU-Staaten (Osteuropa)

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Dolls, Mathias ; Fuest, Clemens ; Peichl, Andreas
• Ereignis: Veröffentlichung
• (wer): Institute for the Study of Labor (IZA)
• (wo): Bonn
• (wann): 2010

Weitere Informationen

• Handle: http://hdl.handle.net/10419/36820
• Letzte Aktualisierung: 10.03.2025, 11:43 MEZ