Artikel
Income, consumption and wealth inequality in Spain
This paper analyses the level of inequality in Spain and how it evolved over the course of the past crisis and the early stages of the current recovery. To this end, it first introduces the various dimensions of wage, income, consumption and wealth inequality, and studies how they have developed. The analysis shows less wage dispersion in Spain than in other comparable economies, even after the crisis years, while the surge in unemployment during the period resulted in a high level of inequality in per capita income. The level of inequality in Spain is more moderate when total gross household income is analysed, decreasing during the crisis as a result of pensions developing more favourably than other sources of income, in conjunction with young people delaying setting up home. Inequality in per capita consumption rose during the crisis, particularly as a result of a decrease in expenditure on consumer durables by low-income households. Wealth inequality exceeds income inequality and increased during the downturn as a result of financial assets outperforming real assets. Nevertheless, Spain's wealth inequality is moderate by international standards, as ownership of real assets is more widespread than in other countries. The way inequality has evolved during the early stages of the current economic recovery shows that falling unemployment has enabled a reduction in wage income inequality, as well as in per capita income inequality, albeit to a lesser extent.
- Sprache
-
Englisch
- Erschienen in
-
Journal: SERIEs - Journal of the Spanish Economic Association ; ISSN: 1869-4195 ; Volume: 9 ; Year: 2018 ; Issue: 4 ; Pages: 351-387 ; Heidelberg: Springer
- Klassifikation
-
Wirtschaft
Personal Income, Wealth, and Their Distributions
Wage Level and Structure; Wage Differentials
Household Saving; Personal Finance
Macroeconomics: Consumption; Saving; Wealth
- Thema
-
Inequality
Wage
Labour supply
Personal income
Household saving
Household consumption
Wealth
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Anghel, Brindusa
Basso, Henrique
Bover, Olympia
Casado, José María
Hospido, Laura
Izquierdo, Mario
Kataryniuk, Ivan A.
Lacuesta, Aitor
Montero, José Manuel
Vozmediano, Elena
- Ereignis
-
Veröffentlichung
- (wer)
-
Springer
- (wo)
-
Heidelberg
- (wann)
-
2018
- DOI
-
doi:10.1007/s13209-018-0185-1
- Handle
- Letzte Aktualisierung
-
20.09.2024, 08:21 MESZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Artikel
Beteiligte
- Anghel, Brindusa
- Basso, Henrique
- Bover, Olympia
- Casado, José María
- Hospido, Laura
- Izquierdo, Mario
- Kataryniuk, Ivan A.
- Lacuesta, Aitor
- Montero, José Manuel
- Vozmediano, Elena
- Springer
Entstanden
- 2018