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The great recession and the distribution of household income

Scope, review of approaches, and evidence from the pastThe Scope of the BookOutline of the BookMacroeconomic Change and the Distribution of Income—Frameworks and ToolsFormal ModelsDecomposition Analysis: By Population Subgroup or by Income SourceTax-Benefit Microsimulation ModelsEvidence About the Distributional Impact of Macroeconomic ChangeEconometric Studies of the Link Between Income Distribution and the MacroeconomyChanges in Incomes at the Top of the DistributionChanges in Incomes at the Bottom of the DistributionCase Study 1: The Great Depression in the USACase Study 2: New Zealand at the End of the 1980s and Ireland from the Mid-1990sCase Study 3: The Nordic Countries at the end of the 1980sCase Study 4: The United KingdomMicrosimulation Modelling and Stress-Testing of Welfare StatesSummary of the EvidenceThis Time is Different?Summary and ConclusionsThe Great Recession and its consequences for household incomes in 21 countriesHow the Great Recession DevelopedThe Implications for the Household SectorThe Distributional Baseline at the Time of GR OnsetChanges in the Distribution of WorkChanges in Employment Among IndividualsChange in Hours WorkedChanges in Employment Among HouseholdsChanges in the Sources of IncomeEarnings from EmploymentIncome from CapitalSocial Benefits and TaxesInflation, Real Income Levels, and Benefit UpratingChanges in Household Incomes in 21 Countries: The Short TermThe Implications of What We Have SeenChanges in Distributions of Household Income, 2005-9Changes in Household Incomes in 21 Countries: The Medium TermCountry case study—GermanySelected Macro-Level InformationData Sources and Variables UsedIndividual-Level AnalysisHousehold-Level AnalysisAdditional IndicatorsConclusionsCountry case study—IrelandEmployment and EarningsIncome Inequality and PovertyThe Tax and Transfer Policy ResponseProjection for the Post-2009 PeriodInequality, the Recession, and the Medium TermCountry case study—ItalyIncome and Living Conditions During the GRThe Microsimulation ModelLabour Market Transitions During the GRIncome Support for Job-LosersImputation of Income from Labour or Pension and the Household Total IncomeIncome Distribution Among Working-Age IndividualsIncome Distribution Among All IndividualsConclusionsAcknowledgementsCountry case study—SwedenDataInequality in SwedenIndividual-Level AnalysisHousehold-Level AnalysisConcluding RemarksCountry case study—UKEmployment and Earnings in the UK During the Great RecessionHousehold Incomes in the UK During the RecessionData and Simulation TechniquesAverage Incomes Before and During the RecessionComposition of Net Household Incomes Before and During the RecessionThe Distribution of Net Household Incomes During the RecessionInequality in Net Household Incomes Before and During the RecessionPoverty Before and During the RecessionThe Aftermath of the Great Recession: Fiscal ConsolidationReforms to the Tax and Benefit SystemCuts to Expenditure on Public ServicesConclusionsCountry case study—USAMethodsHousehold Income and PovertyTop IncomesWages, Unemployment, and Labour Force ParticipationLabour Market Impacts of the Great RecessionRising Unemployment and Falling Labour Force ParticipationRecord High Levels of Wage InequalityIncome Impacts of the Great RecessionAdjusting for Taxes, Transfers, and Household Size: Net Equivalized Income (NET)Growth in Top IncomesPoverty Impacts of the Great RecessionShifting Income CompositionIncreasing Household Size as a Coping MechanismFiscal Consolidation in the USAConclusions and DiscussionLessons from the PastFindings from 21 Rich CountriesFindings from Six Country Case StudiesChanges at the National LevelChanges for Different Population SubgroupsCaveatsMeasuring Living StandardsThe Time DimensionCountry HeterogeneityHousehold FormationThe Longitudinal PerspectivePolicy LessonsEnvoi
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