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Structural reforms and income distribution
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Orientador(es)
Resumo(s)
This article examines the impact of labour market and product market reforms on income inequality for 25 OECD countries between 1970 and 2020, using the local projections approach and an updated narrative-based dataset of the reform indicators. Our results suggest that both types of (endogenized) market-oriented reforms increase income inequality, but the effects are small. Consistent with this finding is that counter-reforms lead to less income inequality. Our results also indicate that the inequality-increasing effect of market-oriented reforms is mostly a result of more income going to the top of the income distribution.
Descrição
Funding Information: This work was supported by the FCT (Funda\u00E7\u00E3o para a Ci\u00EAncia e a Tecnologia) [grant number UIDB/05069/2020]. Acknowledgements Publisher Copyright: © Oxford University Press 2024. All rights reserved.
Palavras-chave
Economics and Econometrics SDG 10 - Reduced Inequalities