| 000 | 02182nab a2200253 c 4500 | ||
|---|---|---|---|
| 999 |
_c146830 _d146830 |
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| 003 | ES-MaIEF | ||
| 005 | 20221128135728.0 | ||
| 007 | ta | ||
| 008 | 221128t2022 uk ||||| |||| 00| 0|eng d | ||
| 040 |
_aES-MaIEF _bspa _cES-MaIEF |
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| 100 | 1 |
_970238 _aBiewen, Martin |
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| 245 | 0 |
_aWhy a labour market boom does not necessarily bring down inequality _helectrónico _bputting together Germany's inequality puzzle _c Martin Biewen, Miriam Sturm |
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| 500 | _aResumen. | ||
| 500 | _aDisponible únicamente en formato electrónico en el Repositorio de la Biblioteca del IEF. | ||
| 520 | _aAfter an economically tough start to the new millennium, Germany experienced an unprecedented employment boom after 2005, only stopped by the COVID-19 pandemic. Persistently high levels of inequality despite a booming labour market and drastically falling unemployment rates constituted a puzzle, suggesting either that the German job miracle mainly benefitted individuals in the mid- or high-income range or that other developments offset the effects of the drastically improved labour market conditions. The present paper solves this puzzle by breaking down the observed changes in the distribution of disposable incomes between 2005–06 and 2015–16 into the contributions of eight different factors, one of them being the employment boom. Our results suggest that, while the latter did have an equalising impact, it was partially offset by the disequalising impact of other factors, and substantially dampened by the transfer system. Our results point to a strong role of the German transfer system as a distributional stabiliser implying that, if the COVID-19 shock were to persistently reverse all the employment gains that occurred during the boom, this would only have a moderately disequalising effect on the distribution of net incomes. | ||
| 650 | 4 |
_947734 _aMERCADO DE TRABAJO |
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| 650 |
_aEMPLEO _943494 |
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| 650 | 4 |
_954834 _aINCREMENTO |
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| 650 | 4 |
_942588 _aDESIGUALDAD |
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| 650 |
_aALEMANIA _925193 |
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| 700 | 1 |
_970239 _aSturm, Miriam |
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| 773 | 0 |
_9168513 _oOP 1472/2022/2 _tFiscal Studies _w(IEF)55561 _x 0143-5671 [papel] _g v. 43, Issue 2, June 2022, p.121-149 |
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| 942 | _cRE | ||