In the present study, the long-run evolution of income inequality in several European countries and the US has been presented and the Kuznets' hypothesis empirically assessed. According to Kuznets (1955), the evolution of income inequality along the development process can be pictured as an inverted U-shaped curve. In other words, inequality firstly increases and subsequently decreases as the economy develops. What follows the empirical part is a brief summary of explanations for the reversal observed since the 1970s and 1980s, which have been presented in the literature. In addition, several European socio-economic models are described to demonstrate that there is no simple trade-off between inequality and unemployment as hypothesized by Krugman (1995).
| Identifer | oai:union.ndltd.org:nusl.cz/oai:invenio.nusl.cz:10419 |
| Date | January 2008 |
| Creators | Hrušková, Tereza |
| Contributors | Abrhám, Josef, Popovová, Marie |
| Publisher | Vysoká škola ekonomická v Praze |
| Source Sets | Czech ETDs |
| Language | Czech |
| Detected Language | English |
| Type | info:eu-repo/semantics/masterThesis |
| Rights | info:eu-repo/semantics/restrictedAccess |
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