Pub Date : 2023-11-21DOI: 10.1007/s10888-023-09596-4
Michael Christl, Silvia De Poli, Francesco Figari, Tine Hufkens, Chrysa Leventi, Andrea Papini, Alberto Tumino
This paper analyses the effect of the COVID-19 pandemic on household disposable income and household demand in the European Union (EU) during 2020, making use of the EU microsimulation model EUROMOD and nowcasting techniques. We show evidence of heterogeneity in the impact of the COVID-19 pandemic on the labour markets in EU Member States, with some countries hit substantially harder than others. Most EU Member States experience a large drop in market incomes, with poorer households bearing the brunt. Tax-benefit systems cushioned significantly the transmission of the shock to the disposable income and the household demand, with monetary compensation schemes playing a major role. Additionally, we show that monetary compensation schemes prevent a significant share of households from becoming liquidity constrained during the pandemic.
{"title":"Monetary compensation schemes during the COVID-19 pandemic: implications for household incomes, liquidity constraints and consumption across the EU","authors":"Michael Christl, Silvia De Poli, Francesco Figari, Tine Hufkens, Chrysa Leventi, Andrea Papini, Alberto Tumino","doi":"10.1007/s10888-023-09596-4","DOIUrl":"https://doi.org/10.1007/s10888-023-09596-4","url":null,"abstract":"<p>This paper analyses the effect of the COVID-19 pandemic on household disposable income and household demand in the European Union (EU) during 2020, making use of the EU microsimulation model EUROMOD and nowcasting techniques. We show evidence of heterogeneity in the impact of the COVID-19 pandemic on the labour markets in EU Member States, with some countries hit substantially harder than others. Most EU Member States experience a large drop in market incomes, with poorer households bearing the brunt. Tax-benefit systems cushioned significantly the transmission of the shock to the disposable income and the household demand, with monetary compensation schemes playing a major role. Additionally, we show that monetary compensation schemes prevent a significant share of households from becoming liquidity constrained during the pandemic.</p>","PeriodicalId":501277,"journal":{"name":"The Journal of Economic Inequality","volume":"56 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-11-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138523093","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-07-13DOI: 10.1007/s10888-023-09579-5
Eren Gürer, Alfons J. Weichenrieder
CO2 emissions are disproportionately caused by more affluent consumers. In the political debate, this fact has triggered the demand for income redistribution and wealth taxes not only to reduce inequality but also to reduce CO2 emissions. This paper calculates the possible size of a green dividend, i.e., a reduction in total national CO2 emissions, of redistribution in 26 countries and concludes that, for most EU countries, it is negative if the redistribution is efficient, in the sense that it keeps average incomes constant. If the redistribution introduces inefficiencies that lead to total income losses, the negative green dividend, otherwise associated with additional redistribution, may be avoided.
{"title":"Is there a Green Dividend of National Redistribution?","authors":"Eren Gürer, Alfons J. Weichenrieder","doi":"10.1007/s10888-023-09579-5","DOIUrl":"https://doi.org/10.1007/s10888-023-09579-5","url":null,"abstract":"<p>CO<sub>2</sub> emissions are disproportionately caused by more affluent consumers. In the political debate, this fact has triggered the demand for income redistribution and wealth taxes not only to reduce inequality but also to reduce CO<sub>2</sub> emissions. This paper calculates the possible size of a green dividend, i.e., a reduction in total national CO<sub>2</sub> emissions, of redistribution in 26 countries and concludes that, for most EU countries, it is negative if the redistribution is efficient, in the sense that it keeps average incomes constant. If the redistribution introduces inefficiencies that lead to total income losses, the negative green dividend, otherwise associated with additional redistribution, may be avoided.</p>","PeriodicalId":501277,"journal":{"name":"The Journal of Economic Inequality","volume":"19 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-07-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138523094","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-07-11DOI: 10.1007/s10888-023-09582-w
Gerton Rongen, Zainab Ali Ahmad, Peter Lanjouw, Kenneth Simler
This study employs a synthetic panel approach based on nationally-representative micro-level data to track poverty and income mobility in Malaysia in the period 2004–2016. On aggregate we observe large reductions in chronic poverty and increases in persistent economic security, but note that those who remain poor in 2016 are increasingly likely to be poor in a structural sense. Further, we find that poverty and income dynamics differ notably across geographic dimensions. Such disparities are most striking when we contrast affluent urban Peninsular Malaysia with poorer rural East Malaysia. Although there are important differences in welfare levels between the main ethnic groups in Malaysia, we observe that mobility trends generally point in the same direction. While our findings show that there is still scope for poverty reduction through the reduction of inter-ethnic inequalities, we underscore the importance of taking regional inequalities into greater account when it comes to ensuring a fairer distribution of socioeconomic opportunities for poor and vulnerable Malaysians. Hence, addressing chronic poverty is likely to require additional attention to less developed geographic areas, as a complement to the largely ethnicity-based policies that have historically played a dominant role.
{"title":"Regional and ethnic inequalities in Malaysian poverty dynamics","authors":"Gerton Rongen, Zainab Ali Ahmad, Peter Lanjouw, Kenneth Simler","doi":"10.1007/s10888-023-09582-w","DOIUrl":"https://doi.org/10.1007/s10888-023-09582-w","url":null,"abstract":"<p>This study employs a synthetic panel approach based on nationally-representative micro-level data to track poverty and income mobility in Malaysia in the period 2004–2016. On aggregate we observe large reductions in chronic poverty and increases in persistent economic security, but note that those who remain poor in 2016 are increasingly likely to be poor in a structural sense. Further, we find that poverty and income dynamics differ notably across geographic dimensions. Such disparities are most striking when we contrast affluent urban Peninsular Malaysia with poorer rural East Malaysia. Although there are important differences in welfare levels between the main ethnic groups in Malaysia, we observe that mobility trends generally point in the same direction. While our findings show that there is still scope for poverty reduction through the reduction of inter-ethnic inequalities, we underscore the importance of taking regional inequalities into greater account when it comes to ensuring a fairer distribution of socioeconomic opportunities for poor and vulnerable Malaysians. Hence, addressing chronic poverty is likely to require additional attention to less developed geographic areas, as a complement to the largely ethnicity-based policies that have historically played a dominant role.</p>","PeriodicalId":501277,"journal":{"name":"The Journal of Economic Inequality","volume":"29 4","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-07-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138523095","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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