INCOME INEQUALITY AND SELECTED METHODS OF ITS MEASUREMENT WITH THE USE OF PRACTICAL DATA FOR INTERNATIONAL COMPARISON

PAVLÍNA HEJDUKOVÁ, LUCIE KUREKOVÁ

Abstract:

This study defines the possible approaches which are used for the measurement and comparison of income inequality. It discusses the usability of these approaches and points to selected indicators of income inequality at the level of international comparison and also identifies the factors that cause income inequality. The aim of this study is to describe the relationship between customary indicators of inequality and an alternative indicator. Data was used from nine European countries and two data sources were combined: the OECD and ESS. The final data set contained 16 686 observations. By verifying the compliance of relative frequencies, the difference between countries was demonstrated to the degree of agreement with the reduction in income inequality. The results of the test on the compliance of relative frequencies allowed us to consider the question of the monotonic trend of population relative frequency. It turned out that the rate of agreement to reduce the income gap with increasing income inequality increased.

Keywords:
Approaches, Income, Inequality, Index, Measuring, Indicators, Factors

DOI: 10.52950/ES.2017.6.2.004

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APA citation:
PAVLÍNA HEJDUKOVÁ, LUCIE KUREKOVÁ (2017). INCOME INEQUALITY AND SELECTED METHODS OF ITS MEASUREMENT WITH THE USE OF PRACTICAL DATA FOR INTERNATIONAL COMPARISON . International Journal of Economic Sciences, Vol. VI(2), pp. 68-81. , DOI: 10.52950/ES.2017.6.2.004

Data:
Received: 12 Aug 2017
Revised: 6 Oct 2017
Accepted: 6 Nov 2017
Published: 20 Nov 2017


Copyright © 2017, Pavlína Hejduková et al, pahejdu@kfu.zcu.cz