Income Inequality In Socialist Countries

1 in the first the emphasis is on whether attitudes to equality systematically differ between post socialist countries and established market economies.

Income inequality in socialist countries. Researchers linked the increase to the egalitarian values of socialism and to the process of economic and political liberalization. In this article we examine the hidden inequality of the socialist economies of david r. After all unending income equality. A 0 index means everyone makes the same amount of.

In the same time period over which the former socialist countries of eastern europe and central asia became freer measured inequality of income for those countries increased. Henderson is an associate professor of economics at the naval postgraduate school in monterey. Income inequality is generally measured by the gini coefficient an attempt to measure a country s overall income and how it is distributed. This is a list of countries or dependencies by income inequality metrics including gini coefficients the gini coefficient is a number between 0 and 1 where 0 corresponds with perfect equality where everyone has the same income and 1 corresponds with perfect inequality where one person has all the income and everyone else has no income.

Nina bandelj and matthew mahutga 2010 find that income inequality in socialist central and eastern european countries was lower than in other countries at a similar stage of development. Furthermore inequality increased substantially after the fall of communism. Income inequality after socialism was just the revelation of existing inequalities or was real. The premise of these studies is that if people living in post socialist countries are significantly more in favour of income equality and thus.

If we take just 1 361 households in the unites states in 2012 those who comprise the richest 1 1 000 of the top 1 of income recipients we find that each household s mean yearly income was 161 million. The literature on attitudes to inequality in post socialist countries has two main strands. As democrats justify grandiose proposals by decrying income inequality many of us who immigrated to the united states from socialist countries see great irony.