Analysis of Short and Medium Term Crisis Effects on Welfare and Poverty in SEE: Stress Testing Bulgarian and Romanian Households (Record no. 8776)

MARC details
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fixed length control field 02690nam a22003257u 4500
001 - CONTROL NUMBER
control field pwiiw3176
003 - CONTROL NUMBER IDENTIFIER
control field OSt
005 - DATE AND TIME OF LATEST TRANSACTION
control field 20260516120107.0
008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION
fixed length control field 130608t2013 au ||||| |||| 00| ||eng d
040 ## - CATALOGING SOURCE
Transcribing agency OSt
041 ## - LANGUAGE CODE
Language code of text/sound track or separate title eng
084 ## - OTHER CLASSIFICATION NUMBER
Classification number D63
-- H12
-- P36
-- R20
Number source jelc
100 1# - MAIN ENTRY--PERSONAL NAME
Personal name Leitner, Sebastian
245 10 - TITLE STATEMENT
Title Analysis of Short and Medium Term Crisis Effects on Welfare and Poverty in SEE: Stress Testing Bulgarian and Romanian Households
260 ## - PUBLICATION, DISTRIBUTION, ETC.
Place of publication, distribution, etc. Wien :
Name of publisher, distributor, etc. Wiener Institut für Internationale Wirtschaftsvergleiche (wiiw),
Date of publication, distribution, etc. 2013.
490 1# - SERIES STATEMENT
Series statement wiiw Balkan Observatory Working Papers
Volume/sequential designation 111
520 ## - SUMMARY, ETC.
Summary, etc. In the analysis short- and medium term effects of the crisis on household income levels by deciles and on overall inequality and poverty measures are described for the period 2008 to 2011 for Bulgaria and Romania. For the subsequent period of 2011 to 2015 we apply household stress tests. Both parts of the analysis are based on EU SILC microdata. Different transmission channels like changes in the labour market structure, subsequent but also independent income effects are depicted, but also the effect of adaptions in the fiscal and social policies of the countries. The analysis shows that relative poverty rose during the economic crisis in Bulgaria in the year 2008 up to 2011, effected not only by a substantial loss in employment, but also by a weak system of social welfare incapable to cushion the effects of the output loss. A further slight rise of poverty rates is estimated for the period up to 2015. In Romania both average income levels but also income inequality and relative poverty declined in the years 2008 to 2011. This is due to the relatively shallow decline in employment during the immediate crisis years and the effects of the introduced austerity measures. The Romanian government has cut progressively public pensions. As in Bulgaria dwindling remittances from relatives working abroad had detrimental effects on household incomes particularly in the lower deciles. The stress tests show that in the period of 2011 to 2015 also in Romania relative poverty will remain persistent. Both Bulgaria and Romania will most probably remain those two EU countries with the highest rates of relative income poverty.<br/>
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element Income inequality
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element income poverty
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element household analysis
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element stress tests
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element transition economies
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element economic crisis
651 ## - SUBJECT ADDED ENTRY--GEOGRAPHIC NAME
Geographic name Bulgaria
651 ## - SUBJECT ADDED ENTRY--GEOGRAPHIC NAME
Geographic name Romania
690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN)
Topical term or geographic name as entry element Labour, Migration and Income Distribution
830 #0 - SERIES ADDED ENTRY--UNIFORM TITLE
Volume/sequential designation 111
Bibliographic record control number WIIW0000140
Title of a work wiiw Balkan Observatory Working Papers
856 40 - ELECTRONIC LOCATION AND ACCESS
Uniform Resource Identifier <a href="https://wiiw.ac.at/p-3176.html">https://wiiw.ac.at/p-3176.html</a>
942 ## - ADDED ENTRY ELEMENTS (KOHA)
Koha item type Paper
Source of classification or shelving scheme Other/Generic Classification Scheme
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        WIIW WIIW Library 06/08/2013 pwiiw3176   111 1000010003176 06/08/2013 02/05/2019 Paper
The Vienna Instiute for International Economic Studies (wiiw)