With a panel VAR of 10 Euro area countries we study the budgetary determinants of government bond yield spreads vis-à-vis Germany between 1999Q1 and 2012Q4. We find that rising bid ask, VIX and debt differentials increase yield spreads; and improvements in the budget balance, higher growth prospects and depreciation lower the spreads. Moreover, rises in public wages or in social expenditure increase spreads, while increases in direct and indirect taxes lower the yield spreads. In the post-2007Q3 crisis period, rising expenditure components (except subsidies) increased spreads.
Half-title Page -- Title Page -- Copyright Page -- Table of Contents -- Author's Note -- Preface -- Introduction -- The Alchemy of Meth -- Dramatis Personae -- Jason -- Exploded View -- Christian and Jason -- Ray and Jason -- January -- Joseph and Jason -- Camille -- Lori -- Jeffrey, Narc -- Christian -- Ray -- Joseph -- Camille -- February -- Lori -- Kat, Public Defender -- The Hunting of the Greene Lyon -- Christian -- Anonymous -- Jason -- Christian -- Ray -- Joseph -- March -- Camille -- John, Pastor -- Lori -- Environmental Protection Agency -- Dan, Narc -- Christian -- April -- Ray -- Joseph -- Roger Bacon, Alchemist -- Camille -- Muriatic Acid -- Lori -- Nicole Curtis, the Rehab Addict -- Jason -- Debra -- Christian -- May -- Ray -- Joseph -- Roger Bacon, Alchemist -- Camille -- Debra -- Lori -- Jake, Narc -- The Time of Mortals -- Jason -- Thomas, Shire Executive -- Adderall -- Monster Energy -- June -- Christian -- Ray -- Joseph -- Lawrence, Startup Pharma Exec -- Camille -- July -- Lori -- Dan, Narc -- Roger Bacon, Alchemist -- Debra -- Jason -- Hortulanus, Alchemist -- Thomas, Shire Executive -- Tweaker -- Christian -- Joseph -- Camille -- Lori -- August -- Jason -- Tweaker Projects -- Lawrence, Startup Pharma Exec -- September -- Jason -- Ray -- Meth = Sorcery -- Design Noir -- Christian -- Joseph -- Tammy and Camille -- Anonymous -- Ray -- Allegory -- Jason -- Lawrence, Startup Pharma Exec -- Paracelsus, Alchemist -- October -- Jason -- Jason and Joseph -- November -- Jason -- Camille -- Jason and Ray -- Joseph and Jason -- Isaiah 43:2 -- Christian -- Camille -- Jason -- Christian and Jason -- A Cry for Mercy (Psalm 51) -- Ray and Jason -- Christian -- Meth = Sorcery -- Bill, Narc -- The Tin Woodman -- Zephrex-D -- The Tin Woodman -- The Tin Woodman -- Chemæra -- December -- Afterword -- Acknowledgments -- Notes -- Bibliography.
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Even though Lithuania's household income inequality is among the highest in the European Union (EU), little empirical work has been carried out to explain such disparities. We investigate it using the EU Statistics on Income and Living Conditions sample microdata. We confirm that income inequality in Lithuania is high compared to the EU average. Our decompositions reveal that the number of employed household members in Lithuania's households affects income inequality more as compared to the EU. It is related to a larger labour income, and self-employment income, in particular, contribution to inequality in Lithuania. Moreover, taxes, social contributions, and transfers reduce income inequality in Lithuania less than in the EU. Specifically, income taxes and social contributions are less progressive while transfers constitute a smaller share of income in Lithuania than in the EU. Income taxes and social contributions are effectively regressive for the self-employed in Lithuania.
Even though Lithuania's household income inequality is among the highest in the European Union (EU), little empirical work has been carried out to explain such disparities. We investigate it using the EU Statistics on Income and Living Conditions sample microdata. We confirm that income inequality in Lithuania is high compared to the EU average. Our decompositions reveal that the number of employed household members in Lithuania's households affects income inequality more as compared to the EU. It is related to a larger labour income, and self-employment income, in particular, contribution to inequality in Lithuania. Moreover, taxes, social contributions, and transfers reduce income inequality in Lithuania less than in the EU. Specifically, income taxes and social contributions are less progressive while transfers constitute a smaller share of income in Lithuania than in the EU. Income taxes and social contributions are effectively regressive for the self-employed in Lithuania.
Even though Lithuania's household income inequality is among the highest in the European Union (EU), little empirical work has been carried out to explain such disparities. We investigate it using the EU Statistics on Income and Living Conditions sample microdata. We confirm that income inequality in Lithuania is high compared to the EU average. Our decompositions reveal that the number of employed household members in Lithuania's households affects income inequality more as compared to the EU. It is related to a larger labour income, and self-employment income, in particular, contribution to inequality in Lithuania. Moreover, taxes, social contributions, and transfers reduce income inequality in Lithuania less than in the EU. Specifically, income taxes and social contributions are less progressive while transfers constitute a smaller share of income in Lithuania than in the EU. Income taxes and social contributions are effectively regressive for the self-employed in Lithuania.
Even though Lithuania's household income inequality is among the highest in the European Union (EU), little empirical work has been carried out to explain such disparities. We investigate it using the EU Statistics on Income and Living Conditions sample microdata. We confirm that income inequality in Lithuania is high compared to the EU average. Our decompositions reveal that the number of employed household members in Lithuania's households affects income inequality more as compared to the EU. It is related to a larger labour income, and self-employment income, in particular, contribution to inequality in Lithuania. Moreover, taxes, social contributions, and transfers reduce income inequality in Lithuania less than in the EU. Specifically, income taxes and social contributions are less progressive while transfers constitute a smaller share of income in Lithuania than in the EU. Income taxes and social contributions are effectively regressive for the self-employed in Lithuania.
As the authors point out, economic inequalities come in different forms which in turn lead to unrest of various degrees in the society. In this paper, they seek to analyse the various facts of inequality and also explore the decompositions in inequality by income class and occupational head of the household in rural Bangladesh. (DÜI-Sen)
Even though Lithuania's household income inequality is among the highest in the European Union (EU), little empirical work has been carried out to explain such disparities. We investigate it using the EU Statistics on Income and Living Conditions sample microdata. We confirm that income inequality in Lithuania is high compared to the EU average. Our decompositions reveal that the number of employed household members in Lithuania's households affects income inequality more as compared to the EU. It is related to a larger labour income, and self-employment income, in particular, contribution to inequality in Lithuania. Moreover, taxes, social contributions, and transfers reduce income inequality in Lithuania less than in the EU. Specifically, income taxes and social contributions are less progressive while transfers constitute a smaller share of income in Lithuania than in the EU. Income taxes and social contributions are effectively regressive for the self-employed in Lithuania.