• citations in SCIndeks: 0
  • citations in CrossRef:0
  • citations in Google Scholar:[]
  • visits in previous 30 days:4
  • full-text downloads in 30 days:2


article: 2 from 9  
Back back to result list
2020, vol. 68, iss. 3-4, pp. 163-179
Economic performance of the middle-class transition in Serbia
University of Belgrade, Faculty of Geography, Department of Spatial planning
Keywords: middle class; decile and median analysis of income and consumption; economic growth; consumer basket; inequality
The analytical focus in the paper has been intentionally dispersed: the paper primarily focuses on the analysis of the income and consumption of the middle class and its three subclasses in three transitional subperiods: (a) pre-crisis (2006-2008), (b) recession (2009-2014), and (c) recovery period (2015-2019), but the analysis also covers the interdependence between the economic growth and middle class and consumer basket and middle class, as well as the trend of inequality throughout the transitional period. The middle class is the generator of growth and development of every economy. A strong middle class encourages inclusive economic growth and enhances and strengthens institutions. In the transitional period, and especially in the post-crisis period, the middle class in Serbia failed to secure the position of a stabilizing factor in society and its cohesive influence declined. The costs of property transformation were mostly borne by the middle class, above all by the working class and peasantry. The structure and position of the middle class significantly changed in the transitional period. Because of its social, developmental, economic, institutional and political influence, the middle class in Serbia faces a number of challenges, the most important issue being the following: Will the middle class in Serbia take responsibility for the poverty, rising inequality and development of stable democratic processes in the future.
Arandarenko, M., Krstić, G., Žarković-Rakić, J. (2019) Nejednakost u Srbiji - da li je problem u merenju ili u politikama?. Ekonomske ideje i praksa, 32, 89-96
Atkinson, A.B., Brandolini, A. (2011) On the identification of the 'middle class'. Society for the Study of Economic Inequality (ECINEQ) Working Paper, Verona, Italy, 217
Birdsall, N., Graham, C., Pettinato, S. (2000) Stuck in the tunnel: Is globalization muddling the middle class?. in: Working paper, Brookings Institution, Washington DC, 14
Brueckner, M., Dabla-Norris, E., Gradstein, M., Lederman, D. (2017) The rise of the middle class and economic growth in ASEAN. Policy Research Working Paper Series, 8068, the World Bank
Deaton, A. (2010) Price indexes, inequality, and the measurement of world poverty. American Economic Review, 100(1): 5-34
Drum Major Institute for Public Policy (2019) Middle class according to the Drum Major Institute for Public Policy. Retrieved from (20)
Đuričin, D., Vuksanović-Herceg, I. (2019) Three things an economy needs in the era of the fourth industrial revolution. Ekonomika preduzeća, vol. 67, br. 1-2, str. 1-15
Easterly, W. (2001) The middle class consensus and economic development. Journal of Economic Growth, 6: 317-335
Eurofound (2019) Life and society in the EU candidate countries. European Quality of Life 2016 series, Luxembourg, Publications Office of the European Union
Fixler, D., Johnson, D.S. (2014) Accounting for the distribution of income in the U.S. national accounts. in: Jorgenson D.W; Landefeld J.S; Schreyer P. [ed.] Measuring economic sustainability and progress, Chicago: University of Chicago Press, 213-244
Gilbert, D. (1997) The American class structure in an age of growing inequality. Wadsworth
Glassman, R.M. (1995) The middle class and democracy in sociohistorical perspective. Leiden-New York: E.J. Brill
Gornick, J., Jäntti, M. (2014) Income inequality: Economic disparities and the middle class in affluent countries. Stanford: Stanford University Press
Jakopin, E. (2018) Regionalna tranzicija u Srbiji. Beograd: Zadužbina Andrejević
Jakopin, E. (2014) Regional inequalities and transition: The case of Serbia. Ekonomika preduzeća, vol. 62, br. 1-2, str. 117-133
Johnson, N., Johnson, D. (2016) Where are the middle class in OECD countries?. in: 34th IARIW General Conference, Dresden, Germany
Lakner, C., Milanovic, B. (2016) Global income distribution: From the fall of the Berlin Wall to the Great Recession. World Bank Economic Review, 30(2): 203-232
Landes, D. (1998) The wealth and poverty of nations. New York: Norton
Madland, D. (2011) Growth and the middle class. Democracy, No 20
Nikolić, I., Kovačević, M. (2019) Prospects and limits to growth: The importance of investment efficiency?. Ekonomika preduzeća, vol. 67, br. 5-6, str. 297-318
Novaković, N.G. (2017) Radnički štrajkovi i tranzicija u Srbiji od 1990. do 2015. godine (Workers' strikes and transition in Serbia from 1990 to 2015). Beograd: Rosa-Luxemburg-Stiftung Southeast Europe
OECD (2019) Under pressure: The squeezed middle class. Paris: OECD Publishing
Pew Research Center (2016) America's shrinking middle class: A close look at the changes within metropolitan areas
Piketty, T. (2015) Capital in the 21st century. Cambridge, MA: Harvard University Press
Ravallion, M. (2010) The developing world's bulging (but vulnerable) middle class. World Development, 38(4): 445-454
Rose, S. (2016) The growing size and incomes of the upper middle class. Urban Institute, Research report
Tarkhnishvili, A., Tarkhnishvili, L. (2013) Middle class: Definition, role and development. Sociology & Culture, 13(7)
UNDP (2018) Studija o humanom razvoju posvećena dohodovnoj nejednakosti u Republici Srbiji
Vaughan-Whitehead, D., Vazquez-Alvarez, R., Maitre, N. (2016) Is the world of work behind middle-class erosion?. in: Vaughan-Whitehead D. [ed.] Europe's disappearing middle class?, ILO
William, B.K., Sawyer, S.C., Wahlstrom, C.M. (2017) Marriages, families & intimate relationships. NY: Pearson


article language: English
document type: Original Scientific Paper
DOI: 10.5937/EKOPRE2004163J
published in SCIndeks: 20/05/2020