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This paper examines inequality patterns in the 1990s in Poland, Russia and Hungary. We consider three different … definitions of income and analyse the contributions to inequality of their main components using LIS micro data. Inequality is … Shorrocks' axiomatic approach and the Theil-based decomposition). The role of transfers and taxes in mitigating total inequality …
Persistent link: https://www.econbiz.de/10010335582
Expectations of future socioeconomic mobility are an important determinant of current policy preferences. But how may these expectations be formed? Using Life in Transition survey data for a large set of transition economies and several Western European countries, this paper examines the link...
Persistent link: https://www.econbiz.de/10012004815
Economic disruption in East Germany at the time of unification resulted in a noticeable drop in life satisfaction. By the late 1990s East Germany's life satisfaction had recovered to about its 1990 level, and its shortfall relative to West Germany was slightly less than that before unification....
Persistent link: https://www.econbiz.de/10011600741
Persistent link: https://www.econbiz.de/10000143419
This study considers the pervasive tax evasion of transition economies, with particular reference to Russia's tax system. Starting with a survey of theoretical literature on tax evasion and corruption, it argues that, although standard tax theory offers many insights, certain special features of...
Persistent link: https://www.econbiz.de/10012148392
The macro economic stabilisation in Azerbaijan has been successful. Following cessation of conflict with Armenia, and decline of GDP by 60 per cent from 1990 to 1995, the government in effect implemented a big-bang reform process in 1995.The inflation rate has now declined to the lowest rate of...
Persistent link: https://www.econbiz.de/10012148395
A model is presented where the question of bank regulation is developed under a principal-agent scenario in a regime where the regulator has limited resources and banks may have an incentive to act ultra virus the regulatory standards.If banks are subject to random audit, then compliance is...
Persistent link: https://www.econbiz.de/10012148400
This paper discusses recent bank runs in seven transition economies (Russia, Bulgaria, Estonia, Hungary, Latvia, Lithuania and Romania), comparing them against the older US experience and theoretical research.Bank runs seem to usually be information based.For example, improvements in bank...
Persistent link: https://www.econbiz.de/10012148431
This paper examines, in the context of future EMU membership of the Central and Eastern European countries (CEECs), the interaction between fiscal policy and the price level in different exchange rate regimes.The theoretical framework is based on the Fiscal Theory of the Price Level (FTPL).The...
Persistent link: https://www.econbiz.de/10012148433
The first decade of transition witnessed rapid and tumultuous financial sector development.Although, few transition economies have reached the point where institutions and markets fulfill all the functions of market based financial intermediation, progress has been much more rapid than had been...
Persistent link: https://www.econbiz.de/10012148438