Income Disparities in the European Union
Abstract The inequality of disposable income in the European Union (EU) is higher than the official figures by Eurostat suggest and matches the level of US inequality. It is a major driver of migration and relocation of production within the EU, which are concerns for low-skilled people in the riche...
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| Format: | Article |
| Language: | deu |
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Sciendo
2020-08-01
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| Series: | Wirtschaftsdienst |
| Online Access: | https://doi.org/10.1007/s10273-020-2722-3 |
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| _version_ | 1832557713830182912 |
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| author | Michael Dauderstädt |
| author_facet | Michael Dauderstädt |
| author_sort | Michael Dauderstädt |
| collection | DOAJ |
| description | Abstract The inequality of disposable income in the European Union (EU) is higher than the official figures by Eurostat suggest and matches the level of US inequality. It is a major driver of migration and relocation of production within the EU, which are concerns for low-skilled people in the richer member states (leading to nativist votes and Brexit). Relative inequality has been declining due to the increased growth of poorer economies in Central and Eastern Europe (so-called ‘beta convergence’). However, absolute inequality is unlikely to decline for many years. Fighting EU-wide inequality requires long-term growth accompanied by appropriate expansionary EU policies. |
| format | Article |
| id | doaj-art-8e76ee6ba2d14eb7871e09b8dfba9718 |
| institution | Kabale University |
| issn | 0043-6275 1613-978X |
| language | deu |
| publishDate | 2020-08-01 |
| publisher | Sciendo |
| record_format | Article |
| series | Wirtschaftsdienst |
| spelling | doaj-art-8e76ee6ba2d14eb7871e09b8dfba97182025-02-03T03:02:29ZdeuSciendoWirtschaftsdienst0043-62751613-978X2020-08-01100862863210.1007/s10273-020-2722-3Income Disparities in the European UnionMichael DauderstädtAbstract The inequality of disposable income in the European Union (EU) is higher than the official figures by Eurostat suggest and matches the level of US inequality. It is a major driver of migration and relocation of production within the EU, which are concerns for low-skilled people in the richer member states (leading to nativist votes and Brexit). Relative inequality has been declining due to the increased growth of poorer economies in Central and Eastern Europe (so-called ‘beta convergence’). However, absolute inequality is unlikely to decline for many years. Fighting EU-wide inequality requires long-term growth accompanied by appropriate expansionary EU policies.https://doi.org/10.1007/s10273-020-2722-3 |
| spellingShingle | Michael Dauderstädt Income Disparities in the European Union Wirtschaftsdienst |
| title | Income Disparities in the European Union |
| title_full | Income Disparities in the European Union |
| title_fullStr | Income Disparities in the European Union |
| title_full_unstemmed | Income Disparities in the European Union |
| title_short | Income Disparities in the European Union |
| title_sort | income disparities in the european union |
| url | https://doi.org/10.1007/s10273-020-2722-3 |
| work_keys_str_mv | AT michaeldauderstadt incomedisparitiesintheeuropeanunion |