Who did safety nets catch during the Great Recession and how? A comparison of eleven OECD countries

How adequately did governments protect their citizens over the Great Recession? The recent recession, the worst since the Great Depression, provides an opportune moment to investigate the adequacy and fairness of countries' responses to an economic crisis. Using household-level LIS data from eleven OECD nations, I calculate the recession's impact among the non-elderly population on earned income across the income distribution, and investigate the degree to which additional government transfers compensated for these losses. While the recession's impact on earned income varied significantly both... Mehr ...