Income dynamics and stability in the transition process

Hölscher, Jens and Bachan, Raymond (2002) Income dynamics and stability in the transition process Acta Oeconomica, 52 (4). pp. 421-442. ISSN 0001-6373

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Income distribution is a widely neglected subject in applied macroeconomics. This paper looks at the current state of art, which can be summarised as the “Transatlantic Consensus”explaining inequality through a partial analysis approach with changes on the labour market at its core. The potential interrelationship between inequality and growth is particularly important for transition countries, because according to common knowledge in this case the change of regime went along with rising inequality and declining income in the initial phase. The Czech case - the Czech Republic being the most egalitarian country among the former socialist economies - is even more interesting, because here income distribution remained relatively stable before and throughout the transition period. This result is illustrated by Lorenz curves. The analysis of so-far unpublished empirical data indicates that there is no need for active distribution policy in the Czech Republic. This result might not hold for other transition countries, which find themselves at the initial part of the Kuznets curve, but on a lower level of income

Item Type: Journal article
Uncontrolled Keywords: education, Gini coefficient, education, income distribution, Czech Republic, Lorenz curves, Gini coefficient
Subjects: L000 Social Sciences > L100 Economics
L000 Social Sciences > L100 Economics > L160 International economics and trade
DOI (a stable link to the resource): 10.1556/AOecon.52.2002.4.2
Faculties: Brighton Business School
Depositing User: business editor
Date Deposited: 21 Aug 2008
Last Modified: 12 Mar 2015 16:17

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