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Inequality Of Incomes – A Matter Of Fiscal Policy

Author

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  • Ionut – Catalin Croitoru

    (University of Craiova Faculty of Economics and Business Administration)

Abstract

One common criticism of globalization is its inequitable distribution of wealth. This criticism includes the income distribution in favour of developed countries at the expense of poor countries and redistribution of income between social classes of a state. This paper presents the problem of income inequality, viewed from the perspective of fiscal policy. This paper assumes that government or society as a whole cannot fight poverty and social exclusion without analysing what should be normal inequalities in a society, be them economic or social. From this perspective, we analyse income inequality at the global, European and national levels. Furthermore, we analyse the evolution of income in Romania in the last 20 years. By using data published by the World Bank, we determine the pace of income growth for the 5 instalments of 20% of population income.

Suggested Citation

  • Ionut – Catalin Croitoru, 2013. "Inequality Of Incomes – A Matter Of Fiscal Policy," Annals of University of Craiova - Economic Sciences Series, University of Craiova, Faculty of Economics and Business Administration, vol. 1(41), pages 72-84.
    • Handle: RePEc:aio:aucsse:v:1:y:2013:i:41:p:72-84
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    File URL: http://feaa.ucv.ro/AUCSSE/0041v1-012.pdf
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    References listed on IDEAS

    as
    1. Branko Milanovic, 2006. "Global Income Inequality," World Economics, World Economics, 1 Ivory Square, Plantation Wharf, London, United Kingdom, SW11 3UE, vol. 7(1), pages 131-157, January.
    2. Branko Milanovic, 2005. "Global Income Inequality: What It Is And Why It Matters?," HEW 0512001, University Library of Munich, Germany.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    globalization; income inequality; poverty; fiscal policy; social exclusion;
    All these keywords.

    JEL classification:

    • D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution
    • F68 - International Economics - - Economic Impacts of Globalization - - - Policy
    • I14 - Health, Education, and Welfare - - Health - - - Health and Inequality

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