THE LABOUR SHARE IN HOUSEHOLDS’ INCOME INEQUALITY IN ROMANIA
The aim the paper is to analyse the relationship between the labour share in the households’ income and inequality expressed by Gini coefficient in Romania during 1997- 2020. Based on data from National Institute of Statistics of Romania, we provide evidence that high shares of labour income in t...
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| Main Authors: | , |
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| Format: | Article |
| Language: | deu |
| Published: |
University of Oradea
2023-07-01
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| Series: | Annals of the University of Oradea: Economic Science |
| Subjects: | |
| Online Access: | https://anale.steconomiceuoradea.ro/en/wp-content/uploads/2024/02/AUOES.July_.202322.pdf |
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| Summary: | The aim the paper is to analyse the relationship between the labour share in the
households’ income and inequality expressed by Gini coefficient in Romania during 1997-
2020. Based on data from National Institute of Statistics of Romania, we provide evidence
that high shares of labour income in total households’ income are associated with high
values of estimated Gini coefficient and labour and wages share could explain households’
income inequality. We also highlighted the link of income inequality and income labour
share to economic growth. Economic growth is associated with reducing levels of income
inequality only in short periods of time. Policy makers should give attention to the evolution
of labour share in the total income of households. Appropriate public policy measures
regarding the improvement of labour market outcomes are required in order to prevent the
rise of wage inequality |
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| ISSN: | 1222-569X 1582-5450 |