Arguing that the energy price policies of the 1970s represented a
major equity/efficiency trade-off and led to a dramatic
deterioration in the living standard of lower income households,
the authors of this book present a comprehensive data-based
assessment of the plight of lower income households during the
decade of 1973-1983. After a general review of the recessionary and
inflationary impact of rising energy prices on the national
economy, they present detailed empirical assessments of three
trends adversely affecting lower income households: (1) the rising
share of household energy expenditures as a percentage of household
income and the failure of income transfer programs to offset losses
in purchasing power; (2) the rapid increase in energy-related
operating costs in lower income rental housing and the coincident
decline in the quality of housing; and (3) the rapid increase in
energy-related operating costs of local governments which strained
local fiscal resources and led to a cutback in the provision of
redistributive services (such as health, education, and welfare)
and a shift toward regressive taxes. The authors conclude that
damage to the national economy and to the living standards of lower
income households remains severe; price trends of the 1980s, they
emphasize, represent only slight moderations of earlier trends,
while the vulnerability to future energy price shocks has been
reduced very little. The need for effective policy responses is
even greater now than in the first decade of the energy crisis.
General
Is the information for this product incomplete, wrong or inappropriate?
Let us know about it.
Does this product have an incorrect or missing image?
Send us a new image.
Is this product missing categories?
Add more categories.
Review This Product
No reviews yet - be the first to create one!
Welcome to Loot.co.za!
Sign in / Register |Wishlists & Gift Vouchers |Help | Advanced search
