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Assessing Economic Inequality Through the Lorenz Curve in Central and Eastern European Countries

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  • Maria Simona Ene

    (University of Craiova, "Eugeniu Carada" Doctoral School of Economic Sciences, Romania)

Abstract

This study analyses economic inequality in Central and Eastern Europe (CEE) using tools such as the Lorenz Curve and the Gini coefficient. Originating in 1905, the Lorenz Curve, conceptualized by Max O. Lorenz, serves as an essential tool in illustrating income distribution, complemented by the Gini coefficient for assessing numerical inequality. Examining a decade of data from eleven CEE countries through Eurostat, the study constructs Lorenz curves, providing a visual and quantitative description of variations in income distribution. Percentile analysis reveals nuanced disparities, providing insight into the evolution of inequality. Methodologically, the study addresses the challenges, recognizing the advantages of the Lorenz curve in detailed information on income distribution, but also its disadvantages in data sensitivity. The findings show that the Lorenz curve and the Gini coefficient work synergistically, providing a comprehensive overview of economic inequality in CEE.

Suggested Citation

  • Maria Simona Ene, 2023. "Assessing Economic Inequality Through the Lorenz Curve in Central and Eastern European Countries," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 700-706, December.
    • Handle: RePEc:ovi:oviste:v:xxiii:y:2023:i:2:p:700-706
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    More about this item

    Keywords

    economic inequality; Lorenz Curve; Gini Coefficient; inequality analysis; income distribution;
    All these keywords.

    JEL classification:

    • D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution
    • D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
    • F00 - International Economics - - General - - - General
    • H00 - Public Economics - - General - - - General

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