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
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)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:188:y:2020:i:c:s0165176520300057
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