Theoretical and Applied Economics
No. 4 / 2021 (629), Winter
Analysis of income inequalities in the pre-pandemic COVID-19 period
National Scientific Research Institute for Labour and Social Protection, Romania
Larisa STĂNILĂ
National Scientific Research Institute for Labour and Social Protection, Romania
Eva MILITARU
National Scientific Research Institute for Labour and Social Protection, Romania
Abstract. The degree of income inequality has increased in recent years in most EU Member States, raising concerns from both the perspective of sustainable growth and social cohesion. Given that the Europe 2020 strategy focuses on poverty reduction, we must keep in mind that this phenomenon is closely linked to income inequality. In this article, an analysis was carried out on the evolutions of the main indicators of income inequality (Gini index and the S80/S20 quintile ratio) in the European Union and in Romania. Several income concepts were investigated: disposable income with social transfers, disposable income without social transfers, with or without the inclusion of pensions in social transfers. The evolution of the indicators for measuring income inequalities has indicated that both in the European Union and especially in Romania, inequalities have increased, and this increase is more pronounced for market income inequality (i.e. inequality before taking into account taxation and social transfers) as the tax and social security system has an equalizing effect.
Contents
The pandemic crisis – A new factor to slow down the expansion of the Eurozone
Revealing the effects of competitiveness and innovation on economic growth: Evidence from European leading and following countries
Public service delivery dilemma and economic growth challenges in the MENA Region
Hidden Markov Model using transaction patterns for ATM card fraud detection
Productivity growth in Chinese cities: The agglomeration effect for cross-regional industrial structures
Time-varying volatility spillover of foreign exchange rate in three Asian markets: Based on DCC-GARCH approach
Non-linear effect of public debt on economic growth: The case of Tunisia
Application of single Sharpe index on the optimal portfolio construction using Indian blue-chip stocks
Budget policy, economic cycle and debt in the West African Economic and Monetary Union (WAEMU) countries: Empirical evidence based on a regime change model
The impact of government spending on the economic growth of a sample of developing countries using panel data
The evolution of consumer prices – the main brake on economic growth
Analysis of income inequalities in the pre-pandemic COVID-19 period