Club convergence in the eurozone: A look at inequality dynamics
研究了1995至2020年间欧元区国家不平等指标的收敛情况,发现各国在最高1%收入上轨迹相似,但其他指标分为两个集群。
This paper examines the convergence of eurozone countries’ inequality indicators between 1995 and 2020. The Phillips and Sul (2007, 2009) methodology is used to determine the existence of convergence clubs. Our findings show that eurozone countries follow a similar trajectory in terms of the income of the richest 1% of the population and are divided into two clusters based on other inequality indicators.