Long-Run Inequality in Communist Countries: Before, During and After

Novokmet, Filip

doi:10.1007/978-3-030-50888-3_9

Cited by 3 publications

(2 citation statements)

References 41 publications

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“…The dispersion occurred both in the expanding private and shrinking public sectors [5]. Moreover, nearly full employment, which was the goal of socialist regimes, turned out to be unsustainable in the new economic reality due to its high inefficiency.…”

Section: Determinants Of Income Inequality Increase In the Early Post...mentioning

confidence: 99%

“…On the other hand, many small businesses benefited from early entrance into emerging sectors of the now market-oriented economy and grew enormously over time, turning their founders into the new economic elite. The rise of private capital has generally aggravated income inequality in ex-communist countries since capital income is typically more unequally distributed than labor income [5].…”

Section: Determinants Of Income Inequality Increase In the Early Post...mentioning

confidence: 99%

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Determinants of inequality in transition countries

Brzezinski,

Salach

2022

izawol

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Income inequality in Eastern Europe has grown significantly more since the collapse of socialism than previously thought-as found in recent research supplementing household survey data with information from fiscal sources and national accounts. Currently, income inequality in ex-communist countries is, on average, higher than in the rest of Europe. Eastern European governments should thus enact reforms to increase income redistribution, such as more progressive income taxation and employment-conditional low-wage subsidies. Wealth or inheritance taxes should be considered in the Baltic countries as they are among the most wealth-unequal states in Europe. ELEVATOR PITCHHigh levels of economic inequality may lead to lower economic growth and can have negative social and political impacts. Recent empirical research shows that income and wealth inequalities in Eastern Europe since the fall of socialism increased significantly more than previously suggested. Currently, the average Gini index (a common measure) of inequality in Eastern Europe is about 3 percentage points higher than in the rest of Europe. This rise in inequality was initially driven by privatization, liberalization, and deregulation reforms, and, more recently, has been amplified by technological change and globalization coupled with relatively ungenerous income and wealth redistribution policies.

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Section: Determinants Of Income Inequality Increase In the Early Post...mentioning

confidence: 99%

Section: Determinants Of Income Inequality Increase In the Early Post...mentioning

confidence: 99%

Determinants of inequality in transition countries

Brzezinski,

Salach

2022

izawol

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(In-)equality in Socialism and Communism

Wimmer

Engster

2023

Global Handbook of Inequality

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Income Inequality Before, During, and After the Transition in Central and Eastern Europe

Bukowski,

Novokmet

2024

The Oxford Handbook of Post-Socialist Economies

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This chapter explores the income inequality in Central and Eastern Europe before, during, and after the transition. It argues that the fall of communism and the transition to a market economy in Eastern Europe were landmark events in the history of modern inequality. Inequality dramatically increased in Eastern Europe after communism. The notion of inequality development of post-socialist countries allows for a greater understanding of the role of technological change and globalization against changing institutions and transition policies. The chapter then discusses the long-run trends of inequality in post-socialist countries and the recentered influence function (RIF) decomposition method in line with the role of changes in individual characteristics and its returns in shaping income distribution.

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Long-Run Inequality in Communist Countries: Before, During and After

Cited by 3 publications

References 41 publications

Determinants of inequality in transition countries

Determinants of inequality in transition countries

(In-)equality in Socialism and Communism

Income Inequality Before, During, and After the Transition in Central and Eastern Europe

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