Republic of Lithuania: Selected Issues

International Monetary Fund

No 2016/126, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper discusses the main characteristics and causes of Lithuania’s inequality differentials relative to peers, and suggests policies that may reduce them. Although Lithuania has recovered well from the 2008–09 crisis and developmental indicators look reasonably good, it features one of the highest levels of income inequality in the European Union. Low living standards, modest public expenditure on social protection, limited tax progressivity, and high income volatility are the main causes of income inequality. More recently, Lithuania has taken some moderate steps to address income inequality and to improve the condition of low-wage earners through large minimum wage hikes.

Keywords: ISCR; CR; share ratio; inequality in Lithuania; capital income; at-risk-of poverty threshold; innovation policy; reference period; emigration rate; income equality; income mobility; market income; mobility in Lithuania; income inequality in Lithuania; income share ratio; Income inequality; Personal income; Income distribution; Disposable income; Social protection spending; Europe; Baltics (search for similar items in EconPapers)
Pages: 24
Date: 2016-05-18
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.imf.org/external/pubs/cat/longres.aspx?sk=43902 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:imf:imfscr:2016/126

Ordering information: This working paper can be ordered from
http://www.imf.org/external/pubs/pubs/ord_info.htm

Access Statistics for this paper

More papers in IMF Staff Country Reports from International Monetary Fund International Monetary Fund, Washington, DC USA. Contact information at EDIRC.
Bibliographic data for series maintained by Akshay Modi ().