D 2017

Income Inequality and Social Spending

KOTLÁNOVÁ, Eva

Basic information

Original name

Income Inequality and Social Spending

Authors

KOTLÁNOVÁ, Eva (203 Czech Republic, guarantor, belonging to the institution)

Edition

Split, 12th Internation Conference "Challenges of Europe: Innovative Responses for Resilient Growth and Competitiveness" p. 12-20, 9 pp. 2017

Publisher

University of Split

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/47813059:19520/17:00010842

Organization unit

School of Business Administration in Karvina

ISBN

0000000000

Keywords in English

Income Inequality; Social Spending; OECD; Panel Data Analysis
Změněno: 7/2/2020 10:57, RNDr. Daniel Jakubík

Abstract

V originále

Over recent decades income inequality has increased in many advanced economies (which is attributed to a range of factors), it can be detrimental to achieving macroeconomic stabilityand growth and some authors believe that it was one of the main causes of the 2008 global financial crisis. The aim of this paper is to determine the effect, which have social spendingon income inequality because this instrument of fiscal policy should play a significant role in reducing income inequality. The selected representative sample consists of 34 OECD member countries in the period 2000-2014. As the dependent variable approximating income inequality is used the Gini coefficient, one of the best known and used measures of income inequality, prepared in accordance with OECD methodology. To approximate the impact of social spending on income inequality the dynamic panel data model is used. In the analysis we give a special attention to V4plus countries (Austria, Czech Republic, Hungary, Poland, Slovakia and Slovenia).