Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/91657
Authors: 
Leventi, Chrysa
Matsaganis, Manos
Year of Publication: 
2013
Series/Report no.: 
EUROMOD Working Paper EM14/13
Abstract: 
The severe economic crisis affecting Greece since 2009 is having an unprecedented impact in terms of job and income losses, and is widely perceived to have a comparably significant effect in terms of greater inequality and increased poverty. We provide an assessment of whether (and to what extent) the latter is the case. More specifically, we use the European tax-benefit microsimulation model EUROMOD in order to quantify the impact of the austerity (i.e. fiscal consolidation policies) and the recession (i.e. negative developments in the wider economy) on the distribution of incomes in 2009-2012, and estimate how the burden of the crisis has been shared across income groups. We conclude by discussing the policy implications of our research.
Subjects: 
austerity
Greece
poverty
inequality
microsimulation
JEL: 
C81
I3
H55
Document Type: 
Working Paper

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