The rich and the poor in the EU and the Great Recession: Evidence from a Panel Analysis

Giuseppina Malerba () and Marta Spreafico
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Giuseppina Malerba: DISCE, Università Cattolica
Marta Spreafico: DISCE, Università Cattolica

No ispe0068, DISCE - Working Papers del Dipartimento di Politica Economica from Università Cattolica del Sacro Cuore, Dipartimenti e Istituti di Scienze Economiche (DISCE)

Abstract: This paper proposes a theoretical framework of the factors affecting the gap between the rich and the poor in the European Union, and utilizes a twelve-year panel (2000-2012) of 27 countries to identify the short-term effects of the macroeconomic performance, the level of household income inequality, and the social protection expenditure, controlling for several structural factors of income disparities. It is assessed their impact on the bottom, median and top shares of household income; it is found a different effect of the three core determinants before the Great Recession and during the crisis years, and a different public commitment depending on the type of welfare regime.

Keywords: European Union; Great Recession; household disposable income distribution; income inequality; panel models; structural determinants (search for similar items in EconPapers)
JEL-codes: C33 D31 I31 I32 I38 (search for similar items in EconPapers)
Pages: 59
Date: 2014-04
New Economics Papers: this item is included in nep-eec and nep-pbe
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Persistent link: https://EconPapers.repec.org/RePEc:ctc:serie5:ispe0068

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