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Income inequality. Literature review

Author

Listed:
  • Arabela ICHIM

    (Dunarea de Jos University of Galati, Romania)

  • Mihaela NECULITA

    (Dunarea de Jos University of Galati, Romania)

  • Daniela Ancuta SARPE

    (Dunarea de Jos University of Galati, Romania)

Abstract

There is little consensus amongst economists when it comes to income inequality. This study consists of examining existent statistical data on inequality around the world and establish current trends. Furthermore, existing literature and empirical studies is analyzed in order to establish the inequality’s effects on society. High levels of income inequality are associated with higher unemployment, slow economic growth, social problems such as high unemployment and crime crime Moreover, there is even evidence about the correlation between inequality and health problems such as obesity, lower life expectancy and infant mortality.

Suggested Citation

  • Arabela ICHIM & Mihaela NECULITA & Daniela Ancuta SARPE, 2018. "Income inequality. Literature review," Risk in Contemporary Economy, "Dunarea de Jos" University of Galati, Faculty of Economics and Business Administration, pages 252-259.
    • Handle: RePEc:ddj:fserec:y:2018:p:252-259
    DOI: 10.26397/RCE2067053228
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    References listed on IDEAS

    as
    1. Thomas Piketty & Emmanuel Saez & Gabriel Zucman, 2018. "Distributional National Accounts: Methods and Estimates for the United States," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 133(2), pages 553-609.
    2. Facundo Alvaredo & Lucas Chancel & Thomas Piketty & Gabriel Zucman, 2018. "Distributional National Accounts," Post-Print halshs-03342488, HAL.
    3. Anthony Atkinson & Thomas Piketty, 2007. "Top incomes over the twentieth century: A contrast between continental european and english-speaking countries," Post-Print halshs-00754859, HAL.
    4. Atkinson, A. B. & Piketty, Thomas (ed.), 2007. "Top Incomes Over the Twentieth Century: A Contrast Between Continental European and English-Speaking Countries," OUP Catalogue, Oxford University Press, number 9780199286881.
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