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From wage suppression to sovereign debt crisis in Western Europe: who pays for the costs of the crisis?

From wage suppression to sovereign debt crisis in Western Europe: who pays for the costs of the crisis?

Onaran, Özlem ORCID: 0000-0002-6345-9922 (2011) From wage suppression to sovereign debt crisis in Western Europe: who pays for the costs of the crisis? International Journal of Public Policy, 7 (1/2/3). pp. 51-69. ISSN 1740-0600 (Print), 1740-0619 (Online) (doi:10.1504/IJPP.2011.039575)

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Abstract

This paper discusses the costs of the crisis with respect to public finance and labour market outcomes. The paper shows the effects of the crisis on public debt, and discusses the possible effects on the functional distribution of taxes and the composition of public spending between public goods and inputs. With regards to labour market outcomes, we discuss the trends in employment, unemployment, wages, wage share, and personal income distribution after the crisis.

Item Type: Article
Additional Information: [1] Published in the International Journal of Public Policy, 2011, Vol. 7 No. 1/2/3 - Special Issue on Economic Policy: in Search of an Alternative Paradigm. Guest Editors: Philip Arestis and Özlem Onaran.
Uncontrolled Keywords: financial crises, public debt, unemployment, employment, wages, wage share, Western Europe, wage suppression, sovereign debts, crisis costs, labour markets, public finance, market outcomes, functional distribution, taxes, taxation, spending composition, public spending, public goods, inputs, personal incomes, income distribution, public policy, economic policies, alternative paradigms
Subjects: H Social Sciences > HB Economic Theory
Faculty / Department / Research Group: Faculty of Business
Related URLs:
Last Modified: 14 Oct 2016 09:22
Selected for GREAT 2016: None
Selected for GREAT 2017: None
Selected for GREAT 2018: None
URI: http://gala.gre.ac.uk/id/eprint/9010

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