Macroeconomic adjustment and poverty in selected industrial countries (Английский)

The business cycle affects the incidence of poverty, as shown by evidence from Australia, Sweden, the United Kingdom, and the United States. Many of the poor in these countries are outside the labor markets, and transfers are a major source of income for many others, but the unemployment and wage reductions that occur in recession increase the incidence of poverty. Major causes of poverty are unemployment in Australia and the United Kingdom and low...
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