Structural reforms and income distribution: new evidence for OECD countries
Rasmus Wiese,
Joao Jalles and
Jakob de Haan
Oxford Economic Papers, 2024, vol. 76, issue 4, 1071-1088
Abstract:
This article examines the impact of labour market and product market reforms on income inequality for 25 OECD countries between 1970 and 2020, using the local projections approach and an updated narrative-based dataset of the reform indicators. Our results suggest that both types of (endogenized) market-oriented reforms increase income inequality, but the effects are small. Consistent with this finding is that counter-reforms lead to less income inequality. Our results also indicate that the inequality-increasing effect of market-oriented reforms is mostly a result of more income going to the top of the income distribution.
JEL-codes: D31 H30 J21 L43 L51 (search for similar items in EconPapers)
Date: 2024
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Working Paper: Structural Reforms and Income Distribution: New Evidence for OECD Countries (2023) 
Working Paper: Structural Reforms and Income Distribution: New Evidence for OECD countries (2023) 
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