Effects of Economic Policies on Microeconomic Stability:
Economic policies shape how much people earn as well as how stable their income and jobs are. The level and stability of earnings both matter for well-being. Standard economic aggregates do not measure accurately the economic uncertainty which households are facing. This paper shows that household-l...
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| Beteilige Person: | |
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| Weitere beteiligte Personen: | , |
| Format: | Elektronisch E-Book |
| Sprache: | Englisch |
| Veröffentlicht: |
Paris
OECD Publishing
2015
|
| Schriftenreihe: | OECD Economics Department Working Papers
|
| Schlagwörter: | |
| Links: | https://doi.org/10.1787/5js3f5cwj3jb-en |
| Zusammenfassung: | Economic policies shape how much people earn as well as how stable their income and jobs are. The level and stability of earnings both matter for well-being. Standard economic aggregates do not measure accurately the economic uncertainty which households are facing. This paper shows that household-level economic instability is only very loosely related to macroeconomic volatility. It uses several household-level databases to document how pro-growth reforms influence household-level economic stability. Movement from less to more productive processes and firms is at the heart of economic growth, which suggests a trade-off between growth and micro-level stability. Certain policy changes boost growth but increase micro-level instability: they include reductions in tax progressivity or social transfers (including unemployment benefits) as well as moves from very to moderately tight restrictions on the flow of goods and services and on the dismissal of regular workers. However, the analysis also uncovers that moving to highly competitive policies generally reduces micro-level instability |
| Umfang: | 1 Online-Ressource (61 Seiten) 21 x 29.7cm |
| DOI: | 10.1787/5js3f5cwj3jb-en |
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| id | DE-604.BV047933893 |
| illustrated | Not Illustrated |
| indexdate | 2025-01-11T15:45:42Z |
| institution | BVB |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-033315387 |
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| physical | 1 Online-Ressource (61 Seiten) 21 x 29.7cm |
| psigel | ZDB-13-SOC |
| publishDate | 2015 |
| publishDateSearch | 2015 |
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| publisher | OECD Publishing |
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| series2 | OECD Economics Department Working Papers |
| spellingShingle | Cournède, Boris Effects of Economic Policies on Microeconomic Stability Economics |
| title | Effects of Economic Policies on Microeconomic Stability |
| title_alt | Effets des politiques économiques sur la stabilité microéconomique |
| title_auth | Effects of Economic Policies on Microeconomic Stability |
| title_exact_search | Effects of Economic Policies on Microeconomic Stability |
| title_full | Effects of Economic Policies on Microeconomic Stability Boris Cournède, Paula Garda and Volker Ziemann = Effets des politiques économiques sur la stabilité microéconomique / Boris Cournède, Paula Garda et Volker Ziemann |
| title_fullStr | Effects of Economic Policies on Microeconomic Stability Boris Cournède, Paula Garda and Volker Ziemann = Effets des politiques économiques sur la stabilité microéconomique / Boris Cournède, Paula Garda et Volker Ziemann |
| title_full_unstemmed | Effects of Economic Policies on Microeconomic Stability Boris Cournède, Paula Garda and Volker Ziemann = Effets des politiques économiques sur la stabilité microéconomique / Boris Cournède, Paula Garda et Volker Ziemann |
| title_short | Effects of Economic Policies on Microeconomic Stability |
| title_sort | effects of economic policies on microeconomic stability |
| topic | Economics |
| topic_facet | Economics |
| url | https://doi.org/10.1787/5js3f5cwj3jb-en |
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