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Institutional Framework Of Income Inequality

Author

Listed:
  • Kalin Gospodinov

    (University of Economics – Varna, Bulgaria)

Abstract

The purpose of this report is to present a study on income inequality in Bulgaria, based on the method proposed by S. Kuznets, known as the "Kuznets Curve" over a 20-year period. Two main approaches to the impact of the institutional environment on income inequality are considered: the approach of S. Kuznets and T. Picketty (according to which increasing inequality is a result of the regular development of market institutions as a whole) and the approach of D. Ajemoglu, according to which inequality is related to the quality of institutions in a particular historical setting. As a result, the hypothesis of C. Kuznets was confirmed for the period considered, which could serve as a basis for concrete practical actions in the field of income policy in the country.

Suggested Citation

  • Kalin Gospodinov, 2020. "Institutional Framework Of Income Inequality," Economic Science, education and the real economy: Development and interactions in the digital age, Publishing house Science and Economics Varna, issue 1, pages 40-44.
    • Handle: RePEc:vrn:cfdide:y:2020:i:1:p:40-44
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    File URL: https://ue-varna.bg/~uevarna/uploads/filemanager/303/publishing-complex/2020/Economic_science_education_real_economy_T4_2020.pdf
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    More about this item

    Keywords

    income inequality; Kuznets Curve; Gini coefficient;
    All these keywords.

    JEL classification:

    • B52 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Historical; Institutional; Evolutionary; Modern Monetary Theory;

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