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@article{ Derndorfer2021, title = {The Decline of the Middle Class: New Evidence for Europe}, author = {Derndorfer, Judith and Kranzinger, Stefan}, journal = {Journal of Economic Issues}, number = {4}, pages = {914-938}, volume = {55}, year = {2021}, issn = {1946-326X}, doi = {https://doi.org/10.1080/00213624.2021.1982338}, urn = {https://nbn-resolving.org/urn:nbn:de:0168-ssoar-89472-0}, abstract = {This article examines how the middle class has fared in twenty-six European countries between 2004 and 2014 based on European Survey on Income and Living Conditions (EU-SILC) data. We define individuals living in households with a median equivalized disposable household income between 75% and 125% to be middle class. We find that the middle class has decreased in eighteen out of twenty-six countries, which is accompanied by an increase of income polarization. Income redistribution is most influential for explaining differences in the size of the middle class across European countries.}, keywords = {soziale Klasse; social class; Einkommensunterschied; difference in income; Ungleichheit; inequality; soziale Ungleichheit; social inequality; Polarisierung; polarization; Europa; Europe}}