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The rich and the poor in the EU and the Great Recession: Evidence from a Panel Analysis

Author

Listed:
  • Giuseppina Malerba

    (DISCE, Università Cattolica)

  • Marta Spreafico

    (DISCE, Università Cattolica)

Abstract

This paper proposes a theoretical framework of the factors affecting the gap between the rich and the poor in the European Union, and utilizes a twelve-year panel (2000-2012) of 27 countries to identify the short-term effects of the macroeconomic performance, the level of household income inequality, and the social protection expenditure, controlling for several structural factors of income disparities. It is assessed their impact on the bottom, median and top shares of household income; it is found a different effect of the three core determinants before the Great Recession and during the crisis years, and a different public commitment depending on the type of welfare regime.

Suggested Citation

  • Giuseppina Malerba & Marta Spreafico, 2014. "The rich and the poor in the EU and the Great Recession: Evidence from a Panel Analysis," DISCE - Quaderni del Dipartimento di Politica Economica ispe0068, Università Cattolica del Sacro Cuore, Dipartimenti e Istituti di Scienze Economiche (DISCE).
    • Handle: RePEc:ctc:serie5:ispe0068
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    File URL: http://istituti.unicatt.it/politica-economica-ISPE0068.pdf
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    More about this item

    Keywords

    European Union; Great Recession; household disposable income distribution; income inequality; panel models; structural determinants;
    All these keywords.

    JEL classification:

    • C33 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Models with Panel Data; Spatio-temporal Models
    • D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution
    • I31 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General Welfare, Well-Being
    • I32 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - Measurement and Analysis of Poverty
    • I38 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - Government Programs; Provision and Effects of Welfare Programs

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