Arbeitspapier
Do economic recessions "squeeze the middle-class"?
We examine whether economic downturns reshape the distribution of population income giving rise to a "middle-class squeeze." We test this hypothesis using alternative definitions of middle-class, such as income-based measures from the Luxembourg Income Study (LIS), and perceived measures from the Integrated Values Study (IVS). Our findings suggest that, although recessions do not produce a middle-class squeeze overall, the unanticipated shocks resulting from the Great Recession did. Furthermore, we find that recessions increase the share of the population that regards itself as 'middle-class.' Estimates are heterogeneous to the baseline unemployment at the time of a recession, country spending on social protection, to middle-class measures and definitions.
- Sprache
-
Englisch
- Erschienen in
-
Series: LIS Working Paper Series ; No. 757
- Klassifikation
-
Wirtschaft
International Migration
Welfare, Well-Being, and Poverty: General
Unemployment: Models, Duration, Incidence, and Job Search
- Thema
-
Middle-class
Great Recession
LIS & IVS data
employment shocks
income distribution
social insurance
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Batinti, Alberto
Costa-i-Font, Joan
- Ereignis
-
Veröffentlichung
- (wer)
-
Luxembourg Income Study (LIS)
- (wo)
-
Luxembourg
- (wann)
-
2019
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:45 MEZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Batinti, Alberto
- Costa-i-Font, Joan
- Luxembourg Income Study (LIS)
Entstanden
- 2019
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