G2TT
来源类型Discussion paper
规范类型论文
来源IDDP17219
DP17219 Welfare Cuts, Local Spillovers and Financial Fragility
Manuel Adelino; Jim Goldman
发表日期2022-04-13
出版年2022
语种英语
摘要This paper shows that shocks to social benefits have local multiplier effects that are borne primarily by economically fragile households. Using a large welfare reform in the UK, we document that recipients not only lose benefits income, but also experience a lower relative likelihood of employment following the cuts. Employment effects are concentrated in areas more severely affected by the cuts and in small firms in the non-tradable sector, suggesting that local demand spillovers are responsible for amplifying the initial shock. Affected households respond by increasing debt usage, are less likely to become homeowners after the reform and are more likely to experience financial distress.
主题Financial Economics ; Public Economics
关键词Austerity Employment Spillovers Household finance
URLhttps://cepr.org/publications/dp17219
来源智库Centre for Economic Policy Research (United Kingdom)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/546218
推荐引用方式
GB/T 7714
Manuel Adelino,Jim Goldman. DP17219 Welfare Cuts, Local Spillovers and Financial Fragility. 2022.
条目包含的文件
条目无相关文件。
个性服务
推荐该条目
保存到收藏夹
导出为Endnote文件
谷歌学术
谷歌学术中相似的文章
[Manuel Adelino]的文章
[Jim Goldman]的文章
百度学术
百度学术中相似的文章
[Manuel Adelino]的文章
[Jim Goldman]的文章
必应学术
必应学术中相似的文章
[Manuel Adelino]的文章
[Jim Goldman]的文章
相关权益政策
暂无数据
收藏/分享

除非特别说明,本系统中所有内容都受版权保护,并保留所有权利。