Republic of Lithuania: Selected Issues

May 18, 2016

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Republic of Lithuania: Selected Issues, (USA: International Monetary Fund, 2016) accessed November 21, 2024

Summary

This paper discusses the main characteristics and causes of Lithuania’s inequality differentials relative to peers, and suggests policies that may reduce them. Although Lithuania has recovered well from the 2008–09 crisis and developmental indicators look reasonably good, it features one of the highest levels of income inequality in the European Union. Low living standards, modest public expenditure on social protection, limited tax progressivity, and high income volatility are the main causes of income inequality. More recently, Lithuania has taken some moderate steps to address income inequality and to improve the condition of low-wage earners through large minimum wage hikes.

Subject: Disposable income, Expenditure, Income distribution, Income inequality, National accounts, Personal income, Social protection spending

Keywords: At-risk-of poverty threshold, Baltics, Capital income, CR, Disposable income, Emigration rate, Europe, Income distribution, Income equality, Income inequality, Income inequality in Lithuania, Income mobility, Income share ratio, Inequality in Lithuania, Innovation policy, ISCR, Market income, Mobility in Lithuania, Personal income, Reference period, Share ratio, Social protection spending

Publication Details

Pages:

24
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2016/126
Stock No:

1LTUEA2016002
ISBN:

9781484356180
ISSN:

1934-7685

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