How to order
IMF Publications

Working Papers in full text
2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 All


Other research-related activities and publications of the IMF can be found at IMF Research

Free Email Notification

Receive emails when we post new items of interest to you.

Subscribe or Modify your profile



The Distributional Effects of Fiscal Consolidation

Author/Editor: Ball, Laurence | Furceri, Davide | Leigh, Daniel | Loungani, Prakash
Authorized for Distribution: June 21, 2013
Electronic Access: Free Full Text (PDF file size is 1,014KB)
Use the free Adobe Acrobat Reader to view this PDF file.
 
Disclaimer: This Working Paper should not be reported as representing the views of the IMF. The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate.

Summary: This paper examines the distributional effects of fiscal consolidation. Using episodes of fiscal consolidation for a sample of 17 OECD countries over the period 1978–2009, we find that fiscal consolidation has typically had significant distributional effects by raising inequality, decreasing wage income shares and increasing long-term unemployment. The evidence also suggests that spending-based adjustments have had, on average, larger distributional effects than tax-based adjustments.
 
Order a print copy
Series: Working Paper No. 13/151
Subject(s): Fiscal consolidation | OECD | Developed countries | Income distribution | Cross country analysis
 
English  
    Published:   June 21, 2013        
    ISBN/ISSN:   9781475551945/2227-8885   Format:   Paper
    Stock No:   WPIEA2013151   Pages:   24
    Price:   US$18.00
       
     
Please address any questions about this title to publications@imf.org.