Income developments in the great recession
Status for the Danish prime-age working population a decade following the onset of the Financial Crisis
Datos Bibliográficos
| ID | 12836668 |
|---|---|
| Autores | Mads Lybech Christensen (VIVE - The Danish Center for Social Science Research, autor de correspondencia), Anders Bruun Jonassen (Rockwool Foundation), P Fallesen (0000-0003-0544-9977, Stockholm University) |
| Año | 2023 |
| Volumen | 22 |
| Número | 2 |
| Páginas | 237-264 |
| Fecha de publicación | 2023-09-08 |
| Peer Reviewed | Sí |
| Open Access | Sí |
| Tipo | ARTICLE |
| Revista | The Journal of Economic Inequality (JOURNAL) |
| Identificadores de la revista | ISSN: 1569-1721 • E-ISSN: 1573-8701 |
| Editorial | Springer Science+Business Media (PUBLISHER • DE) |
| DOI | 10.1007/s10888-023-09591-9 |
| OpenAlex | W4386545687 |
| Idioma | EN |
| Citas recibidas | 1 |
| Referencias citadas | 15 |
To assess the impact of the Financial Crisis and the Great Recession in Denmark this paper studies developments in Danish labor market income and disposable income from 1995 through 2019. We focus on the prime age working population of 25–54-year-old Danish citizens, with emphasis on labor market performance of the younger and less educated members of this labor force. The recession had a large and long-lasting impact on labor market earnings. Young individuals and, especially, those with least education suffered the largest setbacks to earnings developments. Disposable income was not affected in a similar way. Welfare state transfers and lower taxes softened the impact on disposable income, while the unprecedentedly low lending-rates and tax reform also elevated consumption possibilities. Tracking economic activity of the youngest cohorts after the onset of the Financial Crisis we find that catching up to earnings levels of previous cohorts took on average 8 years. For young men the setback to earnings was larger and catching-up slower. A decade following the onset of the Financial Crisis around 20% of young men, pertaining to the bottom of the earnings distribution, had still not caught up to the earnings of previous cohorts
Danish · Demographic economics · Development economics · Economic policy · Economics · Financial crisis · Great recession · Keynesian economics · Labour economics · Population · Prime (order theory · Recession · Sociology · Working population · Demography · Economic Theory and Policy · Financial Literacy, Pension, Retirement Analysis · Housing, Finance, and Neoliberalism
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Macroeconomic conditions, inequality shocks and the politics of redistribution, 1990–2013
Youth prospects in a time of economic recession
| Obras citantes distintas | 1 |
|---|---|
| Citas por año | 1 |
| Intervalo de citas | 2026 - 2026 (1) |
| Velocidad de citación | current |
| Altamente citado | No |
| Tipos de cita | Neutras: 1 |