Determinants of inequality in transition countries

Michał Brzeziński and Katarzyna Sałach-Dróżdż

World of Labour, 2022, No 496, 496

Abstract: High levels of economic inequality may lead to lower economic growth and can have negative social and political impacts. Recent empirical research shows that income and wealth inequalities in Eastern Europe since the fall of socialism increased significantly more than previously suggested. Currently, the average Gini index (a common measure) of inequality in Eastern Europe is about 3 percentage points higher than in the rest of Europe. This rise in inequality was initially driven by privatization, liberalization, and deregulation reforms, and, more recently, has been amplified by technological change and globalization coupled with relatively ungenerous income and wealth redistribution policies.

Keywords: inequality; income distribution; wealth distribution; redistribution; post-socialist countries; Eastern Europe (search for similar items in EconPapers)
JEL-codes: D31 D6 D63 (search for similar items in EconPapers)
Date: 2022
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Citations: View citations in EconPapers (6)

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