 Rising Income InequalityHubert Gabrisch and Jens Hölscher Chapter 7 in The Successes and Failures of Economic Transition, 2006, pp 113-136 from Palgrave Macmillan Abstract: Abstract A relatively even distribution of income was one of the classic attributes of the socialist system. This changed dramatically during the period of transformation but stabilized in CEE to almost continental European levels. Not so in Russia, where inequality levels remained significant. Chapter 7 is structured as follows. We first summarize the standard explanation for rising inequality, which is a microeconomic approach in a partial analytical framework. Its application to transition economies is briefly presented. We then reflect on the macroeconomic issues related to the distribution of income: various approaches are discussed in this context. We then present an empirical analysis of the Czech Republic, Hungary, Poland, and Russia, organized in a sequence of general income development, personal income distribution, and functional income distribution plus transfers. The following section reconsiders the performance of each country, and gives hypothetical explanations. The conclusion reviews the countries into the context of convergence and divergence. Keywords: Income Inequality; Income Distribution; Gini Coefficient; Economic Transition; Lorenz Curve (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-62658-4_8 Ordering information: This item can be ordered from Access Statistics for this chapter More chapters in Palgrave Macmillan Books from Palgrave Macmillan |
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