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Working papers from the Economics Department of the OECD that cover the full range of the Department’s work including the economic situation, policy analysis and projections; fiscal policy, public expenditure and taxation; and structural issues including ageing, growth and productivity, migration, environment, human capital, housing, trade and investment, labour markets, regulatory reform, competition, health, and other issues.
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Fairly Sharing the Social Impact of the Crisis in Greece
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- Vassiliki Koutsogeorgopoulou1, Manos Matsaganis2, Chrysa Leventi3, Jan-David Schneider1, 4
- Author Affiliations
- 1: OECD, France
- 2: Athens University of Economics and Business, Greece
- 3: University of Essex, United Kingdom
- 4: European Policy Centre (EPC), Belgium
- 09 Jan 2014
- Bibliographic information
Poverty and income inequality have worsened since the onset of the crisis. While the design of fiscal measures has mitigated the burden sharing of fiscal adjustment, as the recession has deepened unemployment has risen, earnings have declined and social tensions have increased. Getting people back to work and supporting the most vulnerable remain priorities for inclusive growth and distributing the costs of adjustment equitably. Within the limited fiscal space this calls for continued reforms in targeting social support, especially housing benefits, extending unemployment insurance and introducing a means-tested minimum income. Sustaining universal access to good health care is also essential. Well-designed activation policies are important to bring the unemployed, especially the young, to work. At the same time, it is important to strengthen the effectiveness of the labour inspection to ensure full enforcement of the labour code. Decisive steps to contain tax evasion are also critical to social fairness. Reforms by the government in many of these areas are welcome and need to continue.
- Greece, health care, pensions, welfare, tax evasion, inequality, labour market, activation policies, targeting, benefits, labour inspection, poverty, distributional impact
- JEL Classification:
- D31: Microeconomics / Distribution / Personal Income, Wealth, and Their Distributions
- D63: Microeconomics / Welfare Economics / Equity, Justice, Inequality, and Other Normative Criteria and Measurement
- I1: Health, Education, and Welfare / Health
- I3: Health, Education, and Welfare / Welfare, Well-Being, and Poverty
- J26: Labor and Demographic Economics / Demand and Supply of Labor / Retirement; Retirement Policies
- J6: Labor and Demographic Economics / Mobility, Unemployment, Vacancies, and Immigrant Workers