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2017, vol. 64, br. 2, str. 169-188
Institutional quality and income inequality in the advanced countries
(naslov ne postoji na srpskom)
Univerzitet u Novom Sadu, Ekonomski fakultet, Katedra za evropsku ekonomiju i biznis, Subotica

e-adresajosifidis@gmail.com, novicasupic@yahoo.com, emilijabp@gmail.com
(ne postoji na srpskom)
The purpose of this paper is to shed more light on the effects of changes in quality of economic, legal and political institutions on income inequality in the advanced countries over the last two decades. Using the robust panel model on a sample of 21 OECD countries, it is found that the impact of elitization of society is more pronounced than the impact of unionization on income redistribution, but both effects are less expressed in comparison to the influence of institutional changes on redistribution. In a globalized economy, insufficient redistribution and high inequality might be interpreted as the consequence of institutional inertia to disruptive technological and business changes.
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O članku

jezik rada: engleski
vrsta rada: izvorni naučni članak
DOI: 10.2298/PAN1702169J
objavljen u SCIndeksu: 19.12.2017.
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