The author contributed to the new issue of 'The Russian Journal of Economics' with a paper on the global dimension of the inequality trends
After amply discussing income inequality in Europe and the US, economists are now looking at the magnitude, implications and possible remedies for this phenomenon in the context of the Chinese economy.
Following almost a decade of relative stability, income inequality within the EU recorded a sizeable decline in 2016, reaching its lowest value since 1989. The fall of both within- and between-country inequality contributed to the 2016 reduction in overall EU inequality.
Income inequality among citizens of 146 continues to fall, though at a somewhat reduced pace, according to the updated Bruegel dataset. Income convergence of China and India accounts for the bulk of the decline in global income inequality from 1988-2015.
In this paper we assess empirically whether financial inclusion contributes to reducing income inequalitywhen controlling for other key factors, such as economic development and fiscal policy.