On the Squeezing of the Middle Class: Overview and Prospects for the EU-15

Olga Salido and Julio Carabaña

European Review, 2020, vol. 28, issue 2, 325-342

Abstract: This article was inspired by Atkinson and Brandolini’s work on the economic middle classes and deals with the evolution of the income share of the middle class compared with that of the extreme classes in the EU-15 (the EU’s first 15 member states) over the last two decades. Our research draws on the paradox of the EU officially assuming dominant ideas about rising inequalities and the squeezing of middle-class income produced by globalization and technological change while at the same time producing and disseminating empirical evidence contrary to this view. We first synthesize this evidence, also contributing some additional analyses of Eurostat data, confirming that the income share of the middle class has not changed in the past two decades, as could be expected from the invariance in income inequality. We finally put forward some considerations about the theoretical implications of these empirical results and the interaction between ideas and empirical evidence in political societies and organizations.

Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:cup:eurrev:v:28:y:2020:i:2:p:325-342_11

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