The so-called Great Recession that followed the global financial crisis at the end of 2007 was the largest economic downturn since the 1930s for most rich countries. To what extent were household incomes affected by this event, and how did the effects differ across countries? This is the first cross-national study of the impact of the Great Recession on the distribution of household incomes. Looking at real income levels, poverty rates, and income inequality, it focusses on the period 2007-9, but also considers longer-term impacts. Three vital contributions are made. First, the book reviews lessons from the past about the relationships between macroeconomic change and the household income distribution. Second, it considers the experience of 21 rich OECD member countries drawing on a mixture of national accounts, and labour force and household survey data. Third, the book presents case-study evidence for six countries: Germany, Ireland, Italy, Sweden, the UK, and the USA. The book shows that, between 2007 and 2009, government support through the tax and benefit system provided a cushion against the downturn, and household income distributions did not change much. But, after 2009, there is likely to be much greater change in incomes as a result of the fiscal consolidation measures that are being put into place to address the structural deficits accompanying the recession. The book's main policy lesson is that stabilisation of the household income distribution in the face of macroeconomic turbulence is an achievable policy goal, at least in the short-term.

The Great Recession and the Distribution of Household Income (Fondazione Rodolfo Debendetti Reports)

Business & Money

Jenkins, Stephen P.

NOLAN, Brian

Brandolini, Andrea

Micklewright, John

Economics

Oxford University Press

Why do fewer teenagers in England from disadvantaged backgrounds go to university than young people from better-off families? Once at university, how well do poorer students fare compared with other students - who drops out from university and who gets the best degrees? After university - who secures better jobs and higher pay? What really has been the impact on university entry of the controversial increases in tuition fees in 2006 and 2012, especially for students from poorer families? Is there no alternative to charging for university places and what do other countries do? What should governments, universities, and schools do to reduce the gaps in university entry and success by family background? And what advice can be given to families and young people themselves deciding between the costs and benefits of university? This book answers these questions using the latest available evidence, drawing on a wealth of data from administrative records of the school and university system and sample surveys of young people and their families. The authors' analysis of the situation in England is set against a background of evidence for other countries. The book provides much needed dispassionate analysis of issues that are at the forefront of both public policy and popular debate on higher education around the world today.

Family Background and University Success: Differences in Higher Education Access and Outcomes in England

Crawford, Claire

Dearden, Lorraine

Vignoles, Anna

Education & Reference

Economic Transformation in Eastern Europe and the Distribution of Income

Who gains and who loses from economic transformation in Eastern Europe is a key question--but one that is too rarely discussed. To understand the implications of the move to a market economy, it is necessary to know more about the distribution of income under Communism. This book assembles evidence about earnings, dispersion, income inequality and poverty in Czechoslovakia, Hungary, Poland, the USSR (with separate information for Russia, the Ukraine and other republics). It adopts a comparative perspective--bringing out the differences between these countries and the West, as well as within Central and Eastern Europe. It shows that widely held beliefs about Eastern Europe under Communism are not borne out by the evidence.

Atkinson, Anthony Barnes

Cambridge University Press

The Opening Country: A Walk Through France

Biographies & Memoirs

Memoirs

Troubador Publishing

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Books by Micklewright, John