Income inequality. Literature review

Arabela Ichim, Mihaela Neculita and Daniela Ancuta Sarpe
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Arabela Ichim: Dunarea de Jos University of Galati, Romania
Mihaela Neculita: Dunarea de Jos University of Galati, Romania
Daniela Ancuta Sarpe: Dunarea de Jos University of Galati, Romania

Risk in Contemporary Economy, 2018, 252-259

Abstract: There is little consensus amongst economists when it comes to income inequality. This study consists of examining existent statistical data on inequality around the world and establish current trends. Furthermore, existing literature and empirical studies is analyzed in order to establish the inequality’s effects on society. High levels of income inequality are associated with higher unemployment, slow economic growth, social problems such as high unemployment and crime crime Moreover, there is even evidence about the correlation between inequality and health problems such as obesity, lower life expectancy and infant mortality.

Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:ddj:fserec:y:2018:p:252-259

DOI: 10.26397/RCE2067053228

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