Institutional Reforms on Social Policy and Changes in Income Distribution after the 2008 Financial Crisis

This paper reviews the institutional reforms on social policy that responded to the 2008 financial crisis together with an analysis of the changes in the distribution of household income since then.  We do so for diverse group of countries clustered under the Welfare Regimes.  We draw on the Luxembourg Income Study (LIS) microdata and we use methods based on the relative distribution to gain an overview of the changes that occurred on the distributions of income as of the crisis.  Secondly, we focus among households that are the main objective of social security redistribution (i.e. containing children, old-age people, female-headed, less educated) to display the particular changes that has affected them and to provide measures to characterize how the change has happened. Under the background of rising income inequality, the experience varies between and even within Welfare Regimes.