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Economic Transformation and Income Distribution: Some Evidence from the Baltic Countries

Author

Listed:
  • Peter K. Cornelius

    (International Monetary Fund)

  • Beatrice S. Weder

    (International Monetary Fund)

Abstract

The transition from a centrally planned to a market economy implies a massive reallocation of resources. The realignment of relative prices that is needed to achieve this may bring about important distributional effects. This paper examines the extent to which income differentials have changed in countries where bold reforms have been introduced. Discussing the experience in the Baltic states, it finds that recorded income differentials in these countries appear to have widened markedly largely as a result of an increase in the dispersion of earnings. The redistributive effects of social assistance and tax policies seem to have been only marginal.

Suggested Citation

  • Peter K. Cornelius & Beatrice S. Weder, 1996. "Economic Transformation and Income Distribution: Some Evidence from the Baltic Countries," IMF Staff Papers, Palgrave Macmillan, vol. 43(3), pages 587-604, September.
    • Handle: RePEc:pal:imfstp:v:43:y:1996:i:3:p:587-604
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    Citations

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    Cited by:

    1. Handa, Sudhanshu & King, Damien, 1997. "Structural adjustment policies, income distribution and poverty: A review of the jamaican experience," World Development, Elsevier, vol. 25(6), pages 915-930, June.
    2. Hayo, Bernd, 2004. "Public support for creating a market economy in Eastern Europe," Journal of Comparative Economics, Elsevier, vol. 32(4), pages 720-744, December.
    3. Ferdaus Hossain & Helen Jensen, 1999. "Economic reform and inequality: evidence from Lithuania," Applied Economics Letters, Taylor & Francis Journals, vol. 6(8), pages 491-495.
    4. Keane, Michael & Prasad, Eswar, 2001. "Consumption and Income Inequality During the Transition to a Market Economy: Poland, 1985–1992," MPRA Paper 54356, University Library of Munich, Germany.
    5. Karsten Staehr, 2016. "Public Finances and Fiscal Policy in the Baltic States 1991–2015," Research in Economics and Business: Central and Eastern Europe, Tallinn School of Economics and Business Administration, Tallinn University of Technology, vol. 8(1).

    More about this item

    JEL classification:

    • D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution
    • P21 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - Planning, Coordination, and Reform

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