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Nerovnosti a ekonomický rast v krajinách Európskej únie
Inequalities and Economic Growth in EU Countries
[journal article]
Abstract This paper investigates the effects of economic growth on income inequality in EU countries by employing econometric models. We estimated the effect of growth on the share of income for all particular deciles of population and on the Gini. Other control variables were included in the models as well.... view more
This paper investigates the effects of economic growth on income inequality in EU countries by employing econometric models. We estimated the effect of growth on the share of income for all particular deciles of population and on the Gini. Other control variables were included in the models as well. The results showed a negative effect of economic growth on inequality, while this impact is the largest for the deciles ranging from the third to the seventh. This can be perceived as an indication of a shrinking middle class. Inequality-increasing effects were found for long-term unemployment, openness and partly for indicators of importance of the financial sector. Factors reducing inequality were rule of law and population with tertiary education. The size of government turned out to be a rather insignificant determinant.... view less
Keywords
EU; economic growth; inequality; difference in income; econometrics
Classification
Income Policy, Property Policy, Wage Policy
National Economy
Free Keywords
EU-SILC 2004-2016; econometric analysis
Document language
Czech
Publication Year
2020
Page/Pages
p. 405-422
Journal
Politická ekonomie, 68 (2020) 4
DOI
https://doi.org/10.18267/j.polek.1284
ISSN
2336-8225
Status
Published Version; peer reviewed
Licence
Creative Commons - Attribution-Noncommercial-No Derivative Works 4.0