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Analysis of the Wealth Inequality Dynamics in Bulgaria: Different Approach

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  • Peter Peshev

    (University of National and World Economy, Sofia, Bulgaria)

Abstract

This paper aims to analyze the wealth inequality in Bulgaria during the period Q4.2005-Q2.2015, using two types of gross wealth Gini coefficients, derived through households’ bank deposits and bank loans cumulative distributions. Bank deposits, as a major form of financial wealth for Bulgarian individuals, are supposed to give a fair representation of total gross wealth of households. In an untraditional way bank loans Gini coefficient is assumed to fairly represent gross wealth inequality. The dynamics of derived Gini coefficients suggests that gross wealth inequality is steadily rising in spite of recent divergence between deposit and loans Gini coefficients. Inequality should be addressed for overcoming the buildup of systematic risks

Suggested Citation

  • Peter Peshev, 2015. "Analysis of the Wealth Inequality Dynamics in Bulgaria: Different Approach," Economic Alternatives, University of National and World Economy, Sofia, Bulgaria, issue 4, pages 29-33, December.
    • Handle: RePEc:nwe:eajour:y:2015:i:4:p:29-33
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    References listed on IDEAS

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    1. Andreasch Michael & Lindner Peter, 2016. "Micro- and Macrodata: a Comparison of the Household Finance and Consumption Survey with Financial Accounts in Austria," Journal of Official Statistics, Sciendo, vol. 32(1), pages 1-28, March.
    2. Era Dabla-Norris & Kalpana Kochhar & Nujin Suphaphiphat & Franto Ricka & Evridiki Tsounta, 2015. "Causes and Consequences of Income Inequality; A Global Perspective," IMF Staff Discussion Notes 15/13, International Monetary Fund.
    3. Ms. Era Dabla-Norris & Ms. Kalpana Kochhar & Mrs. Nujin Suphaphiphat & Mr. Franto Ricka & Ms. Evridiki Tsounta, 2015. "Causes and Consequences of Income Inequality: A Global Perspective," IMF Staff Discussion Notes 2015/013, International Monetary Fund.
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    Cited by:

    1. Petar Peshev & Statty Stattev & Kristina Stefanova & Meglena Lazarova, 2019. "Financial Wealth Inequality Drivers in a Small EU Member Country: An Example from Bulgaria during the Period 2005-2017," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 2, pages 41-72.
    2. Petar Peshev, 2023. "Estimation of the Value, Distribution and Concentration of Wealth in Bulgaria, 1995-2020," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 3, pages 104-129.
    3. Petar Peshev & Kristina Stefanova & Ivanina Mancheva, 2023. "Wealth Inequality Determinants in the EU Members from the CEE Region, 1995-2021," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 6, pages 19-40.
    4. Ivaylo Beev & Petar Peshev, 2016. "Public-Private Partnership: Current Status and Prospects for Development," Economic Alternatives, University of National and World Economy, Sofia, Bulgaria, issue 3, pages 317-330, September.

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    More about this item

    Keywords

    inequality; wealth distribution; wealth Gini coefficient;
    All these keywords.

    JEL classification:

    • D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution
    • D60 - Microeconomics - - Welfare Economics - - - General
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • I30 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General

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