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Tag Archives: Inequalities

The EU’s poverty reduction efforts should not aim at the wrong target

The EU cannot meet its ‘poverty’ targets, because the main indicator used to measure poverty actually measures income inequality. The use of the wrong indicator could lead to a failure to monitor those who are really poor in Europe, and a risk they could be forgotten. By: Zsolt Darvas Date: February 18, 2020 Topic: European Macroeconomics & Governance The European Union’s 2010 growth strategy, Europe 2020, included a target to lift “over 20 million people out of poverty” – to...

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The EU’s poverty reduction efforts should not aim at the wrong target

The EU cannot meet its ‘poverty’ targets, because the main indicator used to measure poverty actually measures income inequality. The use of the wrong indicator could lead to a failure to monitor those who are really poor in Europe, and a risk they could be forgotten. By: Zsolt Darvas Date: February 18, 2020 Topic: European Macroeconomics & Governance The European Union’s 2010 growth strategy, Europe 2020, included a target to lift “over 20 million people out of poverty” – to...

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Cross-border, but not national, EU interregional development projects are associated with higher growth

Our calculations reveal that places where EU regional development projects bind together participants from different countries experience higher economic growth. Purely national interregional projects, on the other hand, are not associated with such benefits. The results hold across regions of different levels of income and consider the effects of other growth-determinants. Cross-border projects might bring efficiency gains, unlock synergies and provide knowledge transfers, boosting activity,...

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Germany’s Divided Soul

Eastern Germans vote, think, and feel differently than western Germans do, as the results of the September 1 regional elections make clear. To help tackle the underlying economic causes of this divide, the federal government should introduce incentives to encourage foreign investment in the east of the country. By: Dalia Marin Date: September 13, 2019 Topic: European Macroeconomics & Governance MUNICH – This November, Germany will celebrate the 30th anniversary of the fall of...

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Examining interrelation between global and national income inequalities

Bruegel Annual Meetings 2018 The 2018 Annual Meetings will be held on 3-4 September and will feature sessions on European and global economic governance, as well as finance, energy and innovation. Speakers: Maria Åsenius, Richard E. Baldwin, Carl Bildt, Barbara Botos, Maria Demertzis, Benjamin Denis, Lowri Evans, Mariya Gabriel, Svend E. Hougaard Jensen, Joanne Kellermann, Jörg Kukies, Emmanuel Lagarrigue, Philippe Lespinard, Rachel Lomax, Dominique Moïsi, Jean Pierre...

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Inequality in China

After amply discussing income inequality in Europe and the US, economists are now looking at the magnitude, implications and possible remedies for this phenomenon in the context of the Chinese economy. Sonali Jain-Chandra published a striking chart on income inequality in China on the IMF blog – which is based on a recently issued working paper. It shows that the Gini coefficient has risen by 15 points since 1990 to 50: that is a big change, even though some increase in inequality could...

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European income inequality begins to fall once again

Following almost a decade of relative stability, income inequality within the EU recorded a sizeable decline in 2016, reaching its lowest value since 1989. The fall of both within- and between-country inequality contributed to the 2016 reduction in overall EU inequality. By: Zsolt Darvas Date: April 30, 2018 Topic: European Macroeconomics & Governance Income inequality among European Union citizens has previously shown...

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Global income inequality is declining – largely thanks to China and India

Income inequality among citizens of 146 continues to fall, though at a somewhat reduced pace, according to the updated Bruegel dataset. Income convergence of China and India accounts for the bulk of the decline in global income inequality from 1988-2015. Income inequality is typically measured at the country level, which has a clear rationale: people might be interested in knowing their relative income position compared to their compatriots, while social policies that redistribute from...

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