Abstract
The level of disposable income inequality in Israel has increased noticeably since the mid-1980s, and today it is above most developed countries. In contrast, market income inequality, which hit a record level in 2002, has reversed its course since then and has shown a sharp decline in subsequent years, and it is now below the OECD average. This chapter offers tentative explanations for the inverted U-shape evolution of market income inequality in Israel in the last twenty-five years, which is distinctive in view of most developed countries? experience. In addition, this chapter addresses the unique combination of income inequality in Israel which has one of the highest levels of disposable income inequality but is ranked below the OECD average measure of market income inequality.
| Original language | English |
|---|---|
| Title of host publication | The Israeli Economy, 1995-2017 |
| Subtitle of host publication | Light and Shadow in a Market Economy |
| Publisher | Cambridge University Press |
| Pages | 362-396 |
| Number of pages | 35 |
| ISBN (Electronic) | 9781108907620 |
| ISBN (Print) | 9781108830461 |
| DOIs | |
| State | Published - 1 Jan 2021 |
Bibliographical note
Publisher Copyright:© Cambridge University Press 2021.
UN SDGs
This output contributes to the following UN Sustainable Development Goals (SDGs)
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SDG 1 No Poverty
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SDG 8 Decent Work and Economic Growth
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SDG 10 Reduced Inequalities
Keywords
- Income Inequality
- SBTC
- labor market institutions
- redistribution policy
- social security
- taxes
- unemployment
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