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Change and convergence of income distributions in the European Union during 2007-2014

Zsombor Cseres-Gergely () and Virmantas Kvedaras

No 2019-13, Working Papers from Joint Research Centre, European Commission (Ispra site)

Abstract: Mainstream monitoring of income dynamics and inequality is based on summary measures that can miss important phenomena prevalent in income distributions. Relying on quantile functions and the adapted statistical framework suggested by Szekely and Rizzo (2004), we characterize the change and convergence of net equivalized income distributions among European Union countries. 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 distributions.

Keywords: convergence; European Union; income distribution; inequality (search for similar items in EconPapers)
JEL-codes: D31 D63 O15 (search for similar items in EconPapers)
Pages: 48 pages
Date: 2019-07
New Economics Papers: this item is included in nep-eec
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Published by Publications office of the European Union, 2019

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