MULTIDIMENSIONAL INEQUALITY
IN THE EUROPEAN UNION. THE
JOINT DISTRIBUTION OF
HOUSEHOLD INCOME, WEALTH,
AND CONSUMPTION
MULTIDIMENSIONAL INEQUALITY
IN THE EUROPEAN UNION. THE
JOINT DISTRIBUTION OF
HOUSEHOLD INCOME, WEALTH,
AND CONSUMPTION
Author(s): Marcin WrońskiSubject(s): Social Sciences, Economy, Supranational / Global Economy, Sociology, Economic development, Socio-Economic Research
Published by: Fundacja Centrum Badań Socjologicznych
Keywords: income distribution; wealth distribution; consumption distribution; multidimensional inequality; European Union
Summary/Abstract: We use a novel cross-country data set tomeasure multidimensional inequality of income, wealth,and consumption in 21 EU countries. We investigate thecorrelation between the positions of the household in theirdistributions. We use the bootstrap method to assess thestatistical significance of cross-country differences. Wefind that the correlation between the position of thehousehold in considered distributions varies significantlyacross countries. Homeownership, median income, andlevel of unidimensional inequalities are correlated with thestrength of the link between distributions.Multidimensional analysis of inequality changes the pictureemerging from the unidimensional inequality analysis.Wealth inequality is a crucial contributor tomultidimensional inequality. Cross-country differences inmultidimensional inequality in the European Union arerather mild.
Journal: Economics and Sociology
- Issue Year: 14/2021
- Issue No: 3
- Page Range: 205-219
- Page Count: 15
- Language: English
