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The distribution of full income in Greece

Author

Listed:
  • Christos Koutsampelas
  • Panos Tsakloglou
Abstract
Non-cash incomes from either private or public sources can have substantial effects on the distribution of economic welfare. However, standard approaches to inequality measurement either neglect them or take into account only selected non-monetary items. Using data for Greece in the mid 2000s we show that it is possible to incorporate a comprehensive list of non-monetary components into the analysis of income inequality. The results indicate that inequality declines sharply when we move from the distribution of disposable monetary income to the distribution of full income, that includes both cash and non-cash incomes. Both private and public non-cash incomes are far more equally distributed than monetary income, but the inequality-reducing effect of publicly provided in-kind services is stronger. The structure of inequality changes when non-cash incomes are included in the concept of resources, but the effects are not dramatic. Non-cash incomes appear to accrue more heavily to younger and older individuals, thus reducing differences across age groups.

Suggested Citation

  • Christos Koutsampelas & Panos Tsakloglou, 2012. "The distribution of full income in Greece," University of Cyprus Working Papers in Economics 03-2012, University of Cyprus Department of Economics.
    • Handle: RePEc:ucy:cypeua:03-2012
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    File URL: https://papers.econ.ucy.ac.cy/RePEc/papers/03-12.pdf
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    Cited by:

    1. Luca Salvati, 2016. "The Dark Side of the Crisis: Disparities in per Capita income (2000–12) and the Urban-Rural Gradient in Greece," Tijdschrift voor Economische en Sociale Geografie, Royal Dutch Geographical Society KNAG, vol. 107(5), pages 628-641, December.
    2. Rolf Aaberge & Audun Langørgen & Petter Lindgren, 2013. "The distributional impact of public services in," Discussion Papers 746, Statistics Norway, Research Department.
    3. Eirini Andriopoulou & Alexandros Karakitsios & Panos Tsakloglou, 2017. "Inequality and Poverty in Greece:Changes in Times of Crisis," GreeSE – Hellenic Observatory Papers on Greece and Southeast Europe 116, Hellenic Observatory, LSE.
    4. Christos Koutsampelas, 2012. "Immigration and Poverty: Findings from Cyprus," University of Cyprus Working Papers in Economics 13-2012, University of Cyprus Department of Economics.
    5. Rosanna Salvia & Gianluca Egidi & Luca Salvati & Jesús Rodrigo-Comino & Giovanni Quaranta, 2020. "In-Between ‘Smart’ Urban Growth and ‘Sluggish’ Rural Development? Reframing Population Dynamics in Greece, 1940–2019," Sustainability, MDPI, vol. 12(15), pages 1-18, July.
    6. Maximilian Stockhausen, 2017. "The Distribution of Economic Resources to Children in Germany," SOEPpapers on Multidisciplinary Panel Data Research 901, DIW Berlin, The German Socio-Economic Panel (SOEP).
    7. Kostas Rontos & Andrea Colantoni & Luca Salvati & Enrico Maria Mosconi & Antonio Giménez Morera, 2020. "Resident or Present? Population Census Data Tell You More about Suburbanization," Land, MDPI, vol. 9(10), pages 1-13, October.
    8. Stockhausen, Maximilian, 2016. "The Impact of Private and Public Childcare Provision on the Distribution of Children's Incomes in Germany," VfS Annual Conference 2016 (Augsburg): Demographic Change 145638, Verein für Socialpolitik / German Economic Association.
    9. Luca Salvati, 2018. "Population growth and the economic crisis: understanding latent patterns of change in Greece, 2002–2016," Letters in Spatial and Resource Sciences, Springer, vol. 11(2), pages 105-126, July.

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    More about this item

    Keywords

    income distribution; imputed rent; in-kind public transfers.;
    All these keywords.

    JEL classification:

    • D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution
    • I38 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - Government Programs; Provision and Effects of Welfare Programs

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