Can pro-growth policies lift all boats?: An analysis based on household disposable income
In a majority of OECD countries, GDP growth over the past three decades has been associated with growing income disparities. To shed some lights on the potential sources of trade-offs between growth and equity, this paper investigates the long-run impact of structural reforms on GDP per capita and h...
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| Format: | Elektronisch Artikel |
| Sprache: | English |
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Paris
OECD Publishing
2015
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| Online-Zugang: | Volltext |
| Zusammenfassung: | In a majority of OECD countries, GDP growth over the past three decades has been associated with growing income disparities. To shed some lights on the potential sources of trade-offs between growth and equity, this paper investigates the long-run impact of structural reforms on GDP per capita and household income distribution. Pro-growth reforms can be distinguished according to whether they are found to generate an increase or a reduction in household disposable income inequality. Those that contribute to reduce inequality include the reduction in regulatory barriers to competition, trade and FDI, as well as the stepping-up in job search assistance and training programmes. Conversely, a tightening of unemployment benefits for the long-term unemployed is found to lift mean household income but to lower income among poorer households, thus raising inequality. Several other reforms have no significant impact on income distribution. JEL Classification: 047, D37, E61 Keywords: Growth, inequality, pro-growth policies |
| Beschreibung: | 1 Online-Ressource (42 p.) 21 x 28cm. |
| DOI: | 10.1787/eco_studies-2015-5jrqhbb1t5jb |
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| spelling | Causa, Orsetta VerfasserIn aut Can pro-growth policies lift all boats? An analysis based on household disposable income Orsetta, Causa, Alain, de Serres and Nicolas, Ruiz Paris OECD Publishing 2015 1 Online-Ressource (42 p.) 21 x 28cm. Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier In a majority of OECD countries, GDP growth over the past three decades has been associated with growing income disparities. To shed some lights on the potential sources of trade-offs between growth and equity, this paper investigates the long-run impact of structural reforms on GDP per capita and household income distribution. Pro-growth reforms can be distinguished according to whether they are found to generate an increase or a reduction in household disposable income inequality. Those that contribute to reduce inequality include the reduction in regulatory barriers to competition, trade and FDI, as well as the stepping-up in job search assistance and training programmes. Conversely, a tightening of unemployment benefits for the long-term unemployed is found to lift mean household income but to lower income among poorer households, thus raising inequality. Several other reforms have no significant impact on income distribution. JEL Classification: 047, D37, E61 Keywords: Growth, inequality, pro-growth policies Economics de Serres, Alain MitwirkendeR ctb Ruiz, Nicolas MitwirkendeR ctb Enthalten in OECD Journal: Economic Studies Vol. 2015, no. 1, p. 227-268 volume:2015 year:2015 number:1 pages:227-268 FWS01 ZDB-13-SOC FWS_PDA_SOC https://doi.org/10.1787/eco_studies-2015-5jrqhbb1t5jb Volltext |
| spellingShingle | Causa, Orsetta Can pro-growth policies lift all boats? An analysis based on household disposable income Economics |
| title | Can pro-growth policies lift all boats? An analysis based on household disposable income |
| title_auth | Can pro-growth policies lift all boats? An analysis based on household disposable income |
| title_exact_search | Can pro-growth policies lift all boats? An analysis based on household disposable income |
| title_full | Can pro-growth policies lift all boats? An analysis based on household disposable income Orsetta, Causa, Alain, de Serres and Nicolas, Ruiz |
| title_fullStr | Can pro-growth policies lift all boats? An analysis based on household disposable income Orsetta, Causa, Alain, de Serres and Nicolas, Ruiz |
| title_full_unstemmed | Can pro-growth policies lift all boats? An analysis based on household disposable income Orsetta, Causa, Alain, de Serres and Nicolas, Ruiz |
| title_short | Can pro-growth policies lift all boats? |
| title_sort | can pro growth policies lift all boats an analysis based on household disposable income |
| title_sub | An analysis based on household disposable income |
| topic | Economics |
| topic_facet | Economics |
| url | https://doi.org/10.1787/eco_studies-2015-5jrqhbb1t5jb |
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