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

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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.

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  • Cseres-Gergely, Zsombor & Kvedaras, Virmantas, 2019. "Change and convergence of income distributions in the European Union during 2007-2014," Working Papers 2019-13, Joint Research Centre, European Commission.
    • Handle: RePEc:jrs:wpaper:201913
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    References listed on IDEAS

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    1. Peter Benczur & Zsombor Cseres-Gergely & Peter Harasztosi, 2017. "EU-wide income inequality in the era of the Great Recession," Budapest Working Papers on the Labour Market 1713, Institute of Economics, Centre for Economic and Regional Studies.
    2. A. D. Hutson & M. D. Ernst, 2000. "The exact bootstrap mean and variance of an L‐estimator," Journal of the Royal Statistical Society Series B, Royal Statistical Society, vol. 62(1), pages 89-94.
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    1. Kvedaras, Virmantas & Cseres-Gergely, Zsombor, 2020. "Convergence of income distributions: Total and inequality-affecting changes in the EU," Economics Letters, Elsevier, vol. 188(C).

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    More about this item

    Keywords

    convergence; European Union; income distribution; inequality;
    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
    • O15 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration

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