The Impact of the Financial Crisis on Wealth and Income Inequality

The aim of this study is to examine mechanism responsible for the behavior of the income and earning inequality in Turkey during the global financial crisis based on data from the 2006 to 2014 Income and Living Conditions Survey. Gini decomposition by income source is employed in order to provide an analysis of the contribution of the various income sources to the evolution of income inequality and to assess the impact of a marginal percentage change in the income from a particular source on income inequality. For examining the contributions of specific variables (education, position in occupation, economic sector) to the interpretation of labor earnings inequality in terms of their gross and marginal contribution, we use static decomposition of Theil T index.

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The Impact of the Financial Crisis on Wealth and Income Inequality

SSRN Electronic Journal ◽

10.2139/ssrn.3886325 ◽

2021 ◽

Author(s):

Jorge Pozo

Keyword(s):

Financial Crisis ◽

Income Inequality ◽

The Impact

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The Effect of Business Cycles on Health Expenditure: A Story of Income Inequality in China

Frontiers in Public Health ◽

10.3389/fpubh.2021.653480 ◽

2021 ◽

Vol 9 ◽

Author(s):

Xiaohong Pu ◽

Ming Zeng ◽

Yaling Luo

Keyword(s):

Panel Data ◽

Financial Crisis ◽

Income Inequality ◽

Business Cycles ◽

Health Expenditure ◽

Before And After ◽

The Government ◽

The Impact

Using the panel data of 31 regions in China from 2002 to 2018, this study aims to investigate the effect of business cycles on health expenditure from the role of income inequality. We find that health expenditure experiences a change from pro-cyclical to counter-cyclical with business cycles. Specifically, business cycles have a different influence on health expenditure before and after the financial crisis in 2008. Our findings also show that income inequality can moderate the impact of business cycles on health expenditure in China. More importantly, the role of income inequality in the above issue varies from different regions. We conclude that the government should try to take active steps to control health expenditure by decreasing income inequality.

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The Determinants of Merger Withdrawals’ Abnormal Returns in The Australian Market

Journal of Economics and Development ◽

10.33301/2015.17.03.05 ◽

2015 ◽

pp. 89-110 ◽

Cited By ~ 1

Author(s):

Thuy Nguyen Thu ◽

Giang Dao Thi Thu ◽

Hoang Truong Huy

Keyword(s):

Financial Crisis ◽

Event Study ◽

Abnormal Returns ◽

Market Response ◽

Crisis Period ◽

Valuation Effects ◽

Event Study Method ◽

Private And Public ◽

Method Of Payment ◽

The Impact

This paper examines the abnormal returns in merger withdrawals in Australia, especially distinguishing the market response between private and public targets. We also study the determinants of those abnormal returns, including the method of payment and the impact of financial crisis periods. Using the event study method, we document that in the Australian context, the announced withdrawal of mergers involving private targets creates significantly negative valuation effects in comparison with the valuation effects in withdrawal of mergers involving public targets. We also find that a financial crisis period strongly affects abnormal returns of merger withdrawals. However, the method of payment does not have any impact on the abnormal returns.

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AN EMPIRICAL STUDY OF INDIAN INSURANCE INDUSTRY POST GLOBAL FINANCIAL CRISIS

GBAMS- Vidushi ◽

10.26829/vidushi.v6i01-02.9723 ◽

2015 ◽

Vol 6 (01-02) ◽

Author(s):

Anis Ur Rehman ◽

Yasir Arafat Elahi ◽

Sushma .

Keyword(s):

Financial Crisis ◽

Global Financial Crisis ◽

Insurance Industry ◽

Primary Data ◽

Policy Recommendations ◽

Insurance Sector ◽

The World ◽

The Impact ◽

The New Deal

India has recently emerged as a major political and economic power in the world. The financial crisis that engulfed the world in 2008 needed developing countries like India to lead the rescue and recovery, instead of G7 westerns countries who dealt with such crisis in the past. Recently, discussions and negotiations are going amongst G20 countries regarding a new global financial architecture (G-20 Summit, 2008). The outcome will affect the relevant industries in India and hence it is a public interest issue for the actuarial profession in the country. Increased and more intrusive and costly regulations and red tapes are likely to be a part of the new deal (Economic Survey 2009-10). The objective of this paper is to study the perception of higher level authorities in Insurance sector regarding the role of regulator in minimizing the impact of global financial crisis. The primary data has been collected from 200 authorities in insurance industry. The data has been analyzed with statistical tools like MS-Excel. On the basis of the findings, various measures and policy recommendations for insurers have been suggested to minimize the impact of crisis.

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