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Income Inequalities in Romania in the Aftermath of the 2008 Economic Crisis

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  • Simona ILIE

    (The Research Institute for Quality of Life (Romanian Academy))

Abstract

This paper documents a study examining the dynamics of income inequality in Romania, on a span time of ten years close to the 2008 crisis. Using the Gini index as an inequality measure, the study also aims to identify how different income sources contribute to the overall rate of inequality. Income inequality experienced a decreasing trend during the observed period. Wages and pensions, as pillars of the household budget, had the greatest impact on global inequality, but with rather opposite influences. Understanding the complex effects of changes in income policies serves to inform a better regulatory process. The paper consolidates the scar

Suggested Citation

  • Simona ILIE, 2020. "Income Inequalities in Romania in the Aftermath of the 2008 Economic Crisis," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 0(2), pages 115-130, July.
    • Handle: RePEc:rjr:romjef:v::y:2020:i:2:p:115-130
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    File URL: http://www.ipe.ro/rjef/rjef2_20/rjef2_2020p115-130.pdf
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    References listed on IDEAS

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    4. Andrew G. Berg & Jonathan D. Ostry, 2017. "Inequality and Unsustainable Growth: Two Sides of the Same Coin?," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 65(4), pages 792-815, November.
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    Cited by:

    1. Andrey A. Pugachev, 2023. "Assessment of the Impact of Social Tax Deductions for Personal Income Tax on the Welfare and Inequality of Citizens in Russia," Journal of Applied Economic Research, Graduate School of Economics and Management, Ural Federal University, vol. 22(4), pages 789-813.

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    More about this item

    Keywords

    income inequality; inequality decomposition; budget structure; crisis;
    All these keywords.

    JEL classification:

    • D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution
    • D33 - Microeconomics - - Distribution - - - Factor Income Distribution
    • B21 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Microeconomics
    • B22 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Macroeconomics

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