INSTITUTIONAL FRAMEWORK OF INCOME INEQUALITY Cover Image

ИНСТИТУЦИОНАЛНИ ОСНОВИ НА ДОХОДНОТО НЕРАВЕНСТВО
INSTITUTIONAL FRAMEWORK OF INCOME INEQUALITY

Author(s): Kalin Gospodinov
Subject(s): Economy, Socio-Economic Research
Published by: Икономически университет - Варна
Keywords: income inequality; Kuznets curve; Gini coefficient
Summary/Abstract: The purpose of this report is to present a study on income inequality in Bulgaria, based on the method proposed by S. Kuznets, known as the "Kuznets Curve" over a 20- year period. Two main approaches to the impact of the institutional environment on income inequality are considered: the approach of S. Kuznets and T. Picketty (according to which increasing inequality is a result of the regular development of market institutions as a whole) and the approach of D. Ajemoglu, according to which inequality is related to the quality of institutions in a particular historical setting. As a result, the hypothesis of C. Kuznets was confirmed for the period considered, which could serve as a basis for concrete practical actions in the field of income policy in the country.