Disposable Income Inequality, Cohesion and Crisis in Europe

• Michael Dauderstädt ^[1]
  1. [1] Friedrich Ebert Foundation
• Localización: Reducing Inequalities. A Challenge for the European Union? / Renato Miguel do Carmo (ed. lit.), Cédric Rio (ed. lit.), Márton Medgyesi (ed. lit.), 2018, ISBN 978-3-319-65005-0, págs. 13-30
• Idioma: inglés
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• Resumen

  • European inequality can be seen as inequality within and between Member States, regions and households. True Europe-wide inequality measures the inequality between all households of the European Union (EU). This inequality has been declining until 2008 due to stronger growth in poorer Member States. Since 2010 this progress has stagnated in the wake of the financial crisis, great recession and sovereign debt panic in the Euro area. Strong and rising inequality has contributed to these crises. Restoring growth and cohesion in Europe requires higher demand based on rising incomes of the poorer strata of the population.