Globalization and Income Inequality: A European Perspective

Thomas Harjes

No 2007/169, IMF Working Papers from International Monetary Fund

Abstract: There is growing concern in Europe over the impact of globalization on high and evenly shared living standards. These concerns have often surfaced in response to falling labor income shares in aggregate national income data. However, these data may tell little about the underlying distribution of incomes based on household disposable incomes. While summary measures of income distributions also suggest that inequality has increased in most industrialized countries, this development was very uneven and much less pronounced in euro-area countries, suggesting that broad phenomena such as trade liberalization and technological change may not be major drivers of inequality.

Keywords: WP; wage differential; rise; dividend income; wage distribution; Globalization; Income Inequality; incomes in the United States; wage inequality; wage income; income equality; Wages; Income distribution; Income; Labor share; Global; Europe; Eastern Europe; Asia and Pacific (search for similar items in EconPapers)
Pages: 15
Date: 2007-07-01
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Citations: View citations in EconPapers (17)

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