This article provides detailed insights into the distributional effects of the 2007-2008 crisis and aftermath government policies, in Portugal. It sheds new light on the distributional consequences of aggregate crises and crisis-coping policies, providing useful information for improving their de
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Summary: - The crisis entailed a dramatic widening of the market income distribution. All income groups were hit, but the bottom and middle ones suffered stronger and more persistent losses. - The tax and transfer system was crucial at taming the rise in inequality, with cash transfers be
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