D 2017

Concept of Income Inequality Gap

TUREČKOVÁ, Kamila and Eva KOTLÁNOVÁ

Basic information

Original name

Concept of Income Inequality Gap

Authors

TUREČKOVÁ, Kamila (203 Czech Republic, belonging to the institution) and Eva KOTLÁNOVÁ (203 Czech Republic, belonging to the institution)

Edition

Hradec Králové, Conference Proceedings from 35th International Conference Mathematical Methods in Economics, p. 819-823, 5 pp. 2017

Publisher

University of Hradec Králové

Other information

Language

English

Type of outcome

Stať ve sborníku

Field of Study

50202 Applied Economics, Econometrics

Confidentiality degree

není předmětem státního či obchodního tajemství

Publication form

storage medium (CD, DVD, flash disk)

RIV identification code

RIV/47813059:19520/17:00010833

Organization unit

School of Business Administration in Karvina

ISBN

978-80-7435-678-0

Keywords in English

Concept of Income Inequality Gap; Income Inequality; Economic-Social Policy; Method of non-weighted Average Absolute Deviation.
Změněno: 7/2/2020 10:57, RNDr. Daniel Jakubík

Abstract

V originále

This article analyses through concept of income inequality gap impact of economic policy on reducing income inequality in society. Income inequality gap presents a difference between levels of income inequality measured on gross money income data and net money income data. This gap is determined by specific areas of social policy, concretely this gap considers on a system of mandatory contributions and income taxes. Via this income inequality gap we can measure success of redistribution function of economic policy that means the success of social poli-cy in reducing income inequalities in society. If the difference between lev-els of both income inequalities is low we can assume about not very effective re-distribution function of economic-social policy and vice versa. Mathematically is the income inequality and income inequality gap expressed and measured by the method of non-weighted average absolute deviation. The article would be rather theoretical focused but is supplemented by practical example of analysis of income inequality gap based on data for on data for Czech Republic from years 2005-2015.