Globalization and Income Inequality: A European Perspective

July 1, 2007

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Format: Chicago

Thomas Harjes. Globalization and Income Inequality: A European Perspective, (USA: International Monetary Fund, 2007) accessed November 12, 2024

Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary

There is growing concern in Europe over the impact of globalization on high and evenly shared living standards. These concerns have often surfaced in response to falling labor income shares in aggregate national income data. However, these data may tell little about the underlying distribution of incomes based on household disposable incomes. While summary measures of income distributions also suggest that inequality has increased in most industrialized countries, this development was very uneven and much less pronounced in euro-area countries, suggesting that broad phenomena such as trade liberalization and technological change may not be major drivers of inequality.

Subject: Income, Income distribution, Income inequality, Labor, Labor share, National accounts, Wages

Keywords: Asia and Pacific, Dividend income, Eastern Europe, Europe, Global, Globalization, Income, Income distribution, Income equality, Income Inequality, Incomes in the United States, Labor share, Rise, Wage differential, Wage distribution, Wage income, Wage inequality, Wages, WP

Publication Details

Pages:

15
Volume:

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DOI:

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Issue:

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Series:

Working Paper No. 2007/169
Stock No:

WPIEA2007169
ISBN:

9781451867336
ISSN:

1018-5941

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