INEQUALITY OF INCOME DISTRIBUTION IN EUROPE
Authors
- Gabriela BILEVSKY — Institute for Economic Forecasting, Romanian Academy, Bucharest, Romania
Abstract
In 2015, the gap between the average income inequality of the European Union (5.16) and of Romania (8.32) was at the highest level (3.16), of all the studied period (2007-2023). Starting from 2019, the income inequality index in Romania began to decrease to 7.08, then in 2020, it reached 6.62 and 5.83 in 2023, reducing the gap with the European Union level which was 4.76 in 2023. At the same time, for 2023, in the ranking of the top five countries with the highest index of inequality of income distribution, Bulgaria has the highest rate of inequality of income distribution with 6.61, followed by Lithuania with 6, 32, Latvia with 6.32, Romania with 5.83 and Portugal with 5.60. Between 2016 and 2024, the minimum monthly gross wage in Romania increased by 320%, from 232 euros/month to 743 euros/month.
Keywords: income inequality, monthly national minimum wages
Cite this article
APA: Gabriela BILEVSKY (2024). INEQUALITY OF INCOME DISTRIBUTION IN EUROPE. Internal Auditing & Risk Management, Vol. 70, No. 70, pp. 28-40. https://doi.org/10.5281/zenodo.13862657
BibTeX:
@article{gabrielabilevsky202429,
title = {INEQUALITY OF INCOME DISTRIBUTION IN EUROPE},
author = {Gabriela BILEVSKY},
journal = {Internal Auditing & Risk Management},
year = {2024},
volume = {70},
pages = {28----40},
doi = {10.5281/zenodo.13862657}
}