Incomes Across the Great Recession
XIII European Conference
10 September 2011
- The first team was coordinated by Stephen Jenkins (London School of Economics). Other participants are: Andrea Brandolini (Bank of Italy), John Micklewright (Institute of Education, University of London) and Brian Nolan (University College Dublin). The first report, entitled “The Great Recession and the distribution of household income”, investigates to what extent the economic effects of the recession are universal or heterogeneous across OECD countries in terms of transmission and moderation mechanisms and in terms of distributional impacts. The report also discusses whether the recent recession is different from previous recessions and what lessons can be drawn from the past.
Discussants: Tony Atkinson (Nuffield College, UK) and John Martin (OECD, Paris).
- For the second report, entitled “Longer-term consequences on income distribution of the Great Recession?”, the team members were: Agar Brugiavini (Università degli Studi di Venezia "ca' Foscari"), Guglielmo Weber (Università degli Studi di Padova), Orazio Attanasio (University College London), Margherita Borella (Università degli Studi di Torino), Olympia Bover (Banco de Espana) e Torben Heiden Nielsen (The Danish National Centre for Social Research - SFI). They used SHARELIFE data, a unique dataset on 11 European countries collecting retrospective information, to construct the earnings profile of individuals and estimate permanent income. The purpose of the study was to analyse long term effects of economic crisis on individuals’ permanent income.
Discussants: Gianluca Violante (New York University) and Till Marco von Wachter (Columbia University).