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Convergence of income distributions: Total and inequality-affecting changes in the EU

Virmantas Kvedaras and Zsombor Cseres-Gergely ()

Economics Letters, 2020, vol. 188, issue C

Abstract: By adapting the statistical framework suggested by Székely and Rizzo (2004) and considering the convergence of income distributions instead of aggregate (e.g., average) income, we exploit the scale-independence property of proper inequality metrics to evaluate not only the total but also the inequality-affecting (shape-influenced) convergence of income distributions. We illustrate the application using Monte Carlo experiments and characterizing the convergence of net equivalized income distributions among European Union member states.

Keywords: Convergence; Distribution; European Union; Income; Inequality (search for similar items in EconPapers)
JEL-codes: C46 D31 D63 O15 O47 (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:188:y:2020:i:c:s0165176520300057

DOI: 10.1016/j.econlet.2020.108946

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