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The Saga of Income Inequality: A Threefold Problem and an Unfolding Solution?

Author

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  • Bălănică Sebastian, Diaconescu Ioana Cătălina

    (Academia de Studii Economice din Bucureşti, Academia de Studii Economice din Bucureşti)

Abstract

Income and wealth disparity is one of the defining problems of our time. In sophisticated economies, the wealth gap between the rich and the poor is at an all-time high. Inequality developments in emerging markets and developing nations have varied, with some countries experiencing declining inequality while others continue with entrenched disparities in access to education, health care, and finance.

Suggested Citation

  • Bălănică Sebastian, Diaconescu Ioana Cătălina, 2021. "The Saga of Income Inequality: A Threefold Problem and an Unfolding Solution?," Revista OEconomica, Romanian Society for Economic Science, Revista OEconomica, issue 03, September.
    • Handle: RePEc:oen:econom:y:2021:i:03:id:594
    as

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    More about this item

    Keywords

    inequality; poverty; Covid-19; welfare systems; artificial intelligence; universal basic income;
    All these keywords.

    JEL classification:

    • D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
    • I18 - Health, Education, and Welfare - - Health - - - Government Policy; Regulation; Public Health

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