Will COVID-19 Have Long-Lasting Effects on Inequality? Evidence from Past Pandemics

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1513582372
Total Pages : 46 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis Will COVID-19 Have Long-Lasting Effects on Inequality? Evidence from Past Pandemics by : Davide Furceri

Download or read book Will COVID-19 Have Long-Lasting Effects on Inequality? Evidence from Past Pandemics written by Davide Furceri and published by International Monetary Fund. This book was released on 2021-05 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper provides evidence on the impact of major epidemics from the past two decades on income distribution. The pandemics in our sample, even though much smaller in scale than COVID-19, have led to increases in the Gini coefficient, raised the income share of higher-income deciles, and lowered the employment-to-population ratio for those with basic education compared to those with higher education. We provide some evidence that the distributional consequences from the current pandemic may be larger than those flowing from the historical pandemics in our sample, and larger than those following typical recessions and financial crises.

The Aggregate and Distributional Effects of Financial Globalization: Evidence from Macro and Sectoral Data

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Publisher : International Monetary Fund
ISBN 13 : 1484350898
Total Pages : 61 pages
Book Rating : 4.4/5 (843 download)

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Book Synopsis The Aggregate and Distributional Effects of Financial Globalization: Evidence from Macro and Sectoral Data by : Davide Furceri

Download or read book The Aggregate and Distributional Effects of Financial Globalization: Evidence from Macro and Sectoral Data written by Davide Furceri and published by International Monetary Fund. This book was released on 2018-04-06 with total page 61 pages. Available in PDF, EPUB and Kindle. Book excerpt: We take a fresh look at the aggregate and distributional effects of policies to liberalize international capital flows—financial globalization. Both country- and industry-level results suggest that such policies have led on average to limited output gains while contributing to significant increases in inequality—that is, they pose an equity–efficiency trade-off. Behind this average lies considerable heterogeneity in effects depending on country characteristics. Liberalization increases output in countries with high financial depth and those that avoid financial crises, while distributional effects are more pronounced in countries with low financial depth and inclusion and where liberalization is followed by a crisis. Difference-indifference estimates using sectoral data suggest that liberalization episodes reduce the share of labor income, particularly for industries with higher external financial dependence, those with a higher natural propensity to use layoffs to adjust to idiosyncratic shocks, and those with a higher elasticity of substitution between capital and labor. The sectoral results underpin a causal interpretation of the findings using macro data.

The Rise in Inequality After Pandemics: Can Fiscal Support Play a Mitigating Role?

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1513582402
Total Pages : 26 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis The Rise in Inequality After Pandemics: Can Fiscal Support Play a Mitigating Role? by : Davide Furceri

Download or read book The Rise in Inequality After Pandemics: Can Fiscal Support Play a Mitigating Role? written by Davide Furceri and published by International Monetary Fund. This book was released on 2021-04-30 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt: Major epidemics of the last two decades (SARS, H1N1, MERS, Ebola and Zika) have been followed by increases in inequality (Furceri, Loungani, Ostry and Pizzuto, 2020). In this paper, we show that the extent of fiscal consolidation in the years following the onset of these pandemics has played an important role in determining the extent of the increase in inequality. Episodes marked by extreme austerity—measured using either the government’s fiscal balance, health expenditures or redistribution—have been associated with an increase in the Gini measure of inequality three times as large as in episodes where fiscal policy has been more supportive. We survey the evidence thus far on the distributional impacts of the COVID-19 pandemic, which suggests that inequality is likely to increase in the absence of strong policy actions. We review the case made by many observers (IMF 2020; Stiglitz 2020; Sandbu 2020b) that fiscal support should not be withdrawn prematurely despite understandable concerns about high public debt-to-GDP ratios.

Disease Control Priorities, Third Edition (Volume 9)

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Publisher : World Bank Publications
ISBN 13 : 1464805288
Total Pages : 426 pages
Book Rating : 4.4/5 (648 download)

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Book Synopsis Disease Control Priorities, Third Edition (Volume 9) by : Dean T. Jamison

Download or read book Disease Control Priorities, Third Edition (Volume 9) written by Dean T. Jamison and published by World Bank Publications. This book was released on 2017-12-06 with total page 426 pages. Available in PDF, EPUB and Kindle. Book excerpt: As the culminating volume in the DCP3 series, volume 9 will provide an overview of DCP3 findings and methods, a summary of messages and substantive lessons to be taken from DCP3, and a further discussion of cross-cutting and synthesizing topics across the first eight volumes. The introductory chapters (1-3) in this volume take as their starting point the elements of the Essential Packages presented in the overview chapters of each volume. First, the chapter on intersectoral policy priorities for health includes fiscal and intersectoral policies and assembles a subset of the population policies and applies strict criteria for a low-income setting in order to propose a "highest-priority" essential package. Second, the chapter on packages of care and delivery platforms for universal health coverage (UHC) includes health sector interventions, primarily clinical and public health services, and uses the same approach to propose a highest priority package of interventions and policies that meet similar criteria, provides cost estimates, and describes a pathway to UHC.

Health at a Glance: Europe 2020 State of Health in the EU Cycle

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Author :
Publisher : OECD Publishing
ISBN 13 : 926481194X
Total Pages : 230 pages
Book Rating : 4.2/5 (648 download)

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Book Synopsis Health at a Glance: Europe 2020 State of Health in the EU Cycle by : OECD

Download or read book Health at a Glance: Europe 2020 State of Health in the EU Cycle written by OECD and published by OECD Publishing. This book was released on 2020-11-19 with total page 230 pages. Available in PDF, EPUB and Kindle. Book excerpt: The 2020 edition of Health at a Glance: Europe focuses on the impact of the COVID‐19 crisis. Chapter 1 provides an initial assessment of the resilience of European health systems to the COVID-19 pandemic and their ability to contain and respond to the worst pandemic in the past century.

The Great Divide

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Author :
Publisher : Viking
ISBN 13 : 9780141981222
Total Pages : 0 pages
Book Rating : 4.9/5 (812 download)

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Book Synopsis The Great Divide by : Joseph E. Stiglitz

Download or read book The Great Divide written by Joseph E. Stiglitz and published by Viking. This book was released on 2016 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Why has inequality increased in the Western world - and what can we do about it? In The Great Divide, Joseph E. Stiglitz expands on the diagnosis he offered in his best-selling book The Price of Inequality and suggests ways to counter this growing problem. With his characteristic blend of clarity and passion, Stiglitz argues that inequality is a choice - the cumulative result of unjust policies and misguided priorities. In these essays, articles and reflections, Stiglitz fully exposes the inequality - from its dimensions and its causes to its consequences for the world - that is afflicting America and other Western countries in thrall to neoliberalism. From Reagan-era policies to the Great Recession and its long aftermath, Stiglitz delves into the processes and irresponsible policies - deregulation, tax cuts for the rich, the corruption of the political process - that are leaving many people further and further behind and turning the dream of a socially mobile society into an ever more unachievable myth. With formidable yet accessible economic insight, he urges us to embrace real solutions: increasing taxes on corporations and the wealthy; investing in education, science, and infrastructure; helping homeowners instead of banks; and, most importantly, doing more to restore the economy to full employment. Stiglitz's analysis reaches beyond America - the inequality leader of the developed world - to draw lessons from Scandinavia, Singapore, and Japan, and he argues against the tide of unnecessary, destructive austerity that is sweeping across Europe. Ultimately, Stiglitz believes our choice is not between growth and fairness; with the right policies, we can choose both.

The Political Economy of Covid-19

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Author :
Publisher : Taylor & Francis
ISBN 13 : 1000637778
Total Pages : 371 pages
Book Rating : 4.0/5 (6 download)

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Book Synopsis The Political Economy of Covid-19 by : Jonathan Michie

Download or read book The Political Economy of Covid-19 written by Jonathan Michie and published by Taylor & Francis. This book was released on 2022-08-18 with total page 371 pages. Available in PDF, EPUB and Kindle. Book excerpt: This comprehensive book brings together research published during 2021 analysing the impact of the Covid-19 pandemic on the economy – on output and employment, on inequality, and on public policy responses. The Covid-19 pandemic has been the greatest public health crisis for a century – since the ‘Spanish Flu’ pandemic of 1919. The economic impact has been equally seismic. While it is too early to measure the full economic cost – since much of this will continue to accumulate for some time to come – it will certainly be one of the greatest global economic shocks of the past century. Some chapters in this edited volume report on specific countries, while some take a comparative look between countries, and others analyse the impact upon the global economy. Even before the Covid-19 pandemic, there had been calls for a ‘great reset’ in face of the climate crisis, the increased income and wealth inequality, and the need to avoid further global financial crisis. With the devastating Covid-19 pandemic – a harbinger for further such pandemics – there is an even greater need for a reset, and for the reset to be that much greater. The chapters in this book were originally published as special issues in the journal International Review of Applied Economics.

The Work of the Future

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Publisher : MIT Press
ISBN 13 : 0262547309
Total Pages : 189 pages
Book Rating : 4.2/5 (625 download)

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Book Synopsis The Work of the Future by : David H. Autor

Download or read book The Work of the Future written by David H. Autor and published by MIT Press. This book was released on 2023-10-03 with total page 189 pages. Available in PDF, EPUB and Kindle. Book excerpt: Why the United States lags behind other industrialized countries in sharing the benefits of innovation with workers and how we can remedy the problem. The United States has too many low-quality, low-wage jobs. Every country has its share, but those in the United States are especially poorly paid and often without benefits. Meanwhile, overall productivity increases steadily and new technology has transformed large parts of the economy, enhancing the skills and paychecks of higher paid knowledge workers. What’s wrong with this picture? Why have so many workers benefited so little from decades of growth? The Work of the Future shows that technology is neither the problem nor the solution. We can build better jobs if we create institutions that leverage technological innovation and also support workers though long cycles of technological transformation. Building on findings from the multiyear MIT Task Force on the Work of the Future, the book argues that we must foster institutional innovations that complement technological change. Skills programs that emphasize work-based and hybrid learning (in person and online), for example, empower workers to become and remain productive in a continuously evolving workplace. Industries fueled by new technology that augments workers can supply good jobs, and federal investment in R&D can help make these industries worker-friendly. We must act to ensure that the labor market of the future offers benefits, opportunity, and a measure of economic security to all.

Promoting the Educational Success of Children and Youth Learning English

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Author :
Publisher : National Academies Press
ISBN 13 : 0309455405
Total Pages : 529 pages
Book Rating : 4.3/5 (94 download)

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Book Synopsis Promoting the Educational Success of Children and Youth Learning English by : National Academies of Sciences, Engineering, and Medicine

Download or read book Promoting the Educational Success of Children and Youth Learning English written by National Academies of Sciences, Engineering, and Medicine and published by National Academies Press. This book was released on 2017-08-25 with total page 529 pages. Available in PDF, EPUB and Kindle. Book excerpt: Educating dual language learners (DLLs) and English learners (ELs) effectively is a national challenge with consequences both for individuals and for American society. Despite their linguistic, cognitive, and social potential, many ELsâ€"who account for more than 9 percent of enrollment in grades K-12 in U.S. schoolsâ€"are struggling to meet the requirements for academic success, and their prospects for success in postsecondary education and in the workforce are jeopardized as a result. Promoting the Educational Success of Children and Youth Learning English: Promising Futures examines how evidence based on research relevant to the development of DLLs/ELs from birth to age 21 can inform education and health policies and related practices that can result in better educational outcomes. This report makes recommendations for policy, practice, and research and data collection focused on addressing the challenges in caring for and educating DLLs/ELs from birth to grade 12.

Recoveries After Pandemics: The Role of Policies and Structural Features

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1513583794
Total Pages : 40 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis Recoveries After Pandemics: The Role of Policies and Structural Features by : Juan Pablo Cuesta Aguirre

Download or read book Recoveries After Pandemics: The Role of Policies and Structural Features written by Juan Pablo Cuesta Aguirre and published by International Monetary Fund. This book was released on 2021-07-09 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: To shed light on the possible scarring effects from Covid-19, this paper studies the economic effects of five past pandemics using local projections on a sample of fifty-five countries over 1990-2019. The findings reveal that pandemics have detrimental medium-term effects on output, unemployment, poverty, and inequality. However, policies can go a long way toward alleviating suffering and fostering an inclusive recovery. The adverse output effects are limited for countries that provided relatively greater fiscal support. The increases in unemployment, poverty, and inequality are likewise lower for countries with relatively greater fiscal support and relatively stronger initial conditions (as defined by higher formality, family benefits, and health spending per capita).

Will the Economic Impact of COVID-19 Persist? Prognosis from 21st Century Pandemics

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1513582356
Total Pages : 38 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis Will the Economic Impact of COVID-19 Persist? Prognosis from 21st Century Pandemics by : Johannes Emmerling

Download or read book Will the Economic Impact of COVID-19 Persist? Prognosis from 21st Century Pandemics written by Johannes Emmerling and published by International Monetary Fund. This book was released on 2021-04-30 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt: COVID-19 has had a disruptive economic impact in 2020, but how long its impact will persist remains unclear. We offer a prognosis based on an analysis of the effects of five previous major epidemics in this century. We find that these pandemics led to significant and persistent reductions in disposable income, along with increases in unemployment, income inequality and public debt-to-GDP ratios. Energy use and CO2 emissions dropped, but mostly because of the persistent decline in the level of economic activity rather than structural changes in the energy sector. Applying our empirical estimates to project the impact of COVID-19, we foresee significant scarring in economic performance and income distribution through 2025, which be associated with an increase in poverty of about 75 million people. Policy responses more effective than those in the past would be required to forestall these outcomes.

The Unequal Pandemic

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Author :
Publisher : Policy Press
ISBN 13 : 1447361245
Total Pages : 198 pages
Book Rating : 4.4/5 (473 download)

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Book Synopsis The Unequal Pandemic by : Bambra, Clare

Download or read book The Unequal Pandemic written by Bambra, Clare and published by Policy Press. This book was released on 2021-06-15 with total page 198 pages. Available in PDF, EPUB and Kindle. Book excerpt: Rated as a top 10 book about the COVID-19 pandemic by New Statesman: https://www.newstatesman.com/culture/2021/07/best-books-about-covid-19-pandemic EPDF and EPUB available Open Access under CC-BY-NC- ND It has been claimed that we are ‘all in it together’ and that the COVID-19 virus ‘does not discriminate’. This accessible, yet authoritative book dispels this myth of COVID-19 as an ‘equal opportunity’ disease, by showing how the pandemic is a syndemic of disease and inequality. Drawing on international data and accounts, it argues that the pandemic is unequal in three ways: it has killed unequally, been experienced unequally and will impoverish unequally. These inequalities are a political choice: with governments effectively choosing who lives and who dies, we need to learn from COVID-19 quickly to prevent growing inequality and to reduce health inequalities in the future. COVID-19 is an unequal pandemic.

Fair Society, Healthy Lives

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Author :
Publisher : Olschki
ISBN 13 : 9788822262516
Total Pages : 74 pages
Book Rating : 4.2/5 (625 download)

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Book Synopsis Fair Society, Healthy Lives by : Michael Marmot

Download or read book Fair Society, Healthy Lives written by Michael Marmot and published by Olschki. This book was released on 2013 with total page 74 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Primary and Secondary Education During Covid-19

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Author :
Publisher : Springer Nature
ISBN 13 : 3030815005
Total Pages : 467 pages
Book Rating : 4.0/5 (38 download)

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Book Synopsis Primary and Secondary Education During Covid-19 by : Fernando M. Reimers

Download or read book Primary and Secondary Education During Covid-19 written by Fernando M. Reimers and published by Springer Nature. This book was released on 2021-09-14 with total page 467 pages. Available in PDF, EPUB and Kindle. Book excerpt: This open access edited volume is a comparative effort to discern the short-term educational impact of the covid-19 pandemic on students, teachers and systems in Brazil, Chile, Finland, Japan, Mexico, Norway, Portugal, Russia, Singapore, Spain, South Africa, the United Kingdom and the United States. One of the first academic comparative studies of the educational impact of the pandemic, the book explains how the interruption of in person instruction and the variable efficacy of alternative forms of education caused learning loss and disengagement with learning, especially for disadvantaged students. Other direct and indirect impacts of the pandemic diminished the ability of families to support children and youth in their education. For students, as well as for teachers and school staff, these included the economic shocks experienced by families, in some cases leading to food insecurity and in many more causing stress and anxiety and impacting mental health. Opportunity to learn was also diminished by the shocks and trauma experienced by those with a close relative infected by the virus, and by the constrains on learning resulting from students having to learn at home, where the demands of schoolwork had to be negotiated with other family necessities, often sharing limited space. Furthermore, the prolonged stress caused by the uncertainty over the resolution of the pandemic and resulting from the knowledge that anyone could be infected and potentially lose their lives, created a traumatic context for many that undermined the necessary focus and dedication to schoolwork. These individual effects were reinforced by community effects, particularly for students and teachers living in communities where the multifaceted negative impacts resulting from the pandemic were pervasive. This is an open access book.

Black November

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Author :
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (813 download)

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Book Synopsis Black November by : Geoffrey W. Rice

Download or read book Black November written by Geoffrey W. Rice and published by . This book was released on 2005 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:

International Health Regulations (2005)

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Publisher : World Health Organization
ISBN 13 : 9241580410
Total Pages : 82 pages
Book Rating : 4.2/5 (415 download)

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Book Synopsis International Health Regulations (2005) by : World Health Organization

Download or read book International Health Regulations (2005) written by World Health Organization and published by World Health Organization. This book was released on 2008-12-15 with total page 82 pages. Available in PDF, EPUB and Kindle. Book excerpt: In response to the call of the 48th World Health Assembly for a substantial revision of the International Health Regulations, this new edition of the Regulations will enter into force on June 15, 2007. The purpose and scope of the Regulations are "to prevent, protect against, control and provide a public health response to the international spread of disease in ways that are commensurate with and restricted to public health risks, and which avoid unnecessary interference with international traffic and trade." The Regulations also cover certificates applicable to international travel and transport, and requirements for international ports, airports and ground crossings.

Finance and Development, June 2021

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1513577794
Total Pages : 68 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis Finance and Development, June 2021 by : International Monetary Fund. Communications Department

Download or read book Finance and Development, June 2021 written by International Monetary Fund. Communications Department and published by International Monetary Fund. This book was released on 2021-06-02 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt: Amid a multispeed economic recovery—including within countries and across sectors, age groups, genders, and skill levels—this issue explores several cross-cutting themes for emerging markets.