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

Onaran, Özlem (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 (1-3). pp. 51-69. ISSN 1740-0600

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Official URL: http://dx.doi.org/10.1504/IJPP.2011.039575

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
Research Community:University of Westminster > Westminster Business School
ID Code:10135
Deposited On:06 Dec 2011 14:47
Last Modified:06 Dec 2011 14:47

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