000			02690nam a22003257u 4500
001			pwiiw3176
003			OSt
005			20260518120109.0
008			130608t2013 au ||||| |||| 00| ||eng d
040			_cOSt
041			_aeng
084			_aD63 _aH12 _aP36 _aR20 _2jelc
100	1		_aLeitner, Sebastian
245	1	0	_aAnalysis of Short and Medium Term Crisis Effects on Welfare and Poverty in SEE: Stress Testing Bulgarian and Romanian Households
260			_aWien : _bWiener Institut für Internationale Wirtschaftsvergleiche (wiiw), _c2013.
490	1		_awiiw Balkan Observatory Working Papers _v111
520			_aIn 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.
650			_aIncome inequality
650			_aincome poverty
650			_ahousehold analysis
650			_astress tests
650			_atransition economies
650			_aeconomic crisis
651			_aBulgaria
651			_aRomania
690			_aLabour, Migration and Income Distribution
830		0	_v111 _wWIIW0000140 _twiiw Balkan Observatory Working Papers
856	4	0	_uhttps://wiiw.ac.at/p-3176.html
942			_cP _2z
999			_c8776 _d8776