Income Inequalities and their Social Determinants: an Analysis over Developed vs. Developing EU Member States

Artikel

This paper assesses the impact of certain social factors on income inequalities in the EU. We applied Panel Estimated Generalized Least Squares method on two clusters, developed vs developing countries. We concluded that the relationship between historical income inequality and its current dimensions is stronger in developing than in developed countries. We also found a higher capacity of social expenditure to reduce income inequality in developed countries, and a positive relationship between unemployment and income inequality in both clusters. Moreover, we identified a positive relationship between tertiary education attainment in developed EU countries, but a negative one in developing countries. Excessive income inequalities affect social and economic dimensions, this being a real issue which can only be addressed at governmental level, by effective and inclusive public policies, which shall be aligned with cultural, social, economic and fiscal features.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Journal: Economic Computation and Economic Cybernetics Studies and Research ; ISSN: 1842-3264 ; Volume: 55 ; Year: 2021 ; Issue: 2 ; Pages: 125-142 ; Bucharest: Academy of Economic Studies

Classification and Topics

• Classification: Wirtschaft ; Multiple or Simultaneous Equation Models: Panel Data Models; Spatio-temporal Models ; Equity, Justice, Inequality, and Other Normative Criteria and Measurement ; Macroeconomic Analyses of Economic Development ; Social Security and Public Pensions
• Subject: income ; inequality ; social determinants ; development ; panel

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Jianu, Ionut ; Gavril, Ioana Andrada ; Iacob, Silvia Elena ; Hrebenciuc, Andrei
• Event: Veröffentlichung
• (who): Academy of Economic Studies
• (where): Bucharest
• (when): 2021

Further information

• DOI: doi:10.24818/18423264/55.2.21.08
• Handle: http://hdl.handle.net/10419/234961
• Last update: 10.03.2025, 11:42 AM CET