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Luxembourg: Has inequality grown enough to matter?
Fusco, Alessio; Van Kerm, Philippe; Alieva, Aigul et al.
2014In Nolan, Brian; Salverda, Wiemer; Checchi, Daniele et al. (Eds.) Changing Inequalities and Societal Impacts in Rich Countries: Thirty Countries' Experiences
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Abstract :
[en] Luxembourg experienced remarkable economic performance and employment growth since the middle of the 1980s. Based on the development of the financial sector, this growth benefited massively from the contribution of immigrants and cross-border workers to the labour force. High economic growth led to a rapid improvement in the overall living standard of the resident population. During the same period, income inequality increased too, albeit modestly. Even if the country can still be considered a low inequality country by international standards, this trend is a potential source of concern. This chapter analyses the factors that explain the rise in income inequality between 1985 and 2010 and provides a descriptive account of whether this trend has been correlated with a set of social, cultural, and political outcomes. By and large, the positive impact of the improvement of overall living standards seems to have prevailed over the potential detrimental effects of increasing inequality.
Disciplines :
Sociology & social sciences
Social economics
Author, co-author :
Fusco, Alessio;  Luxembourg Institute of Socio-Economic Research - LISER
Van Kerm, Philippe  ;  Luxembourg Institute of Socio-Economic Research - LISER
Alieva, Aigul;  Luxembourg Institute of Socio-Economic Research - LISER
Bellani, Luna;  Luxembourg Institute of Socio-Economic Research - LISER
Etienne-Robert, Fanny;  Luxembourg Institute of Socio-Economic Research - LISER
Guio, Anne-Catherine;  Luxembourg Institute of Socio-Economic Research - LISER
Kyzyma, Iryna;  Luxembourg Institute of Socio-Economic Research - LISER
Leduc, Kristell;  Luxembourg Institute of Socio-Economic Research - LISER
Liégeois, Philippe;  Luxembourg Institute of Socio-Economic Research - LISER
Pi Alperin, Maria Noel;  Luxembourg Institute of Socio-Economic Research - LISER
Reinstadler, Anne;  Luxembourg Institute of Socio-Economic Research - LISER
Sierminska, Eva M.;  Luxembourg Institute of Socio-Economic Research - LISER
Sologon, Denisa M.;  Luxembourg Institute of Socio-Economic Research - LISER
Thill, Patrick;  Luxembourg Institute of Socio-Economic Research - LISER
Valentova, Marie;  Luxembourg Institute of Socio-Economic Research - LISER
Voicu, Bogdan;  Luxembourg Institute of Socio-Economic Research - LISER
More authors (6 more) Less
External co-authors :
no
Language :
English
Title :
Luxembourg: Has inequality grown enough to matter?
Publication date :
2014
Main work title :
Changing Inequalities and Societal Impacts in Rich Countries: Thirty Countries' Experiences
Editor :
Nolan, Brian
Salverda, Wiemer
Checchi, Daniele
Marx, Ive
McKnight, Abigail
Tòth, Istvan
van de Werfhorst, Herman
Publisher :
Oxford University Press, Oxford, United Kingdom
Pages :
437-458
Peer reviewed :
Peer reviewed
Funders :
CE - Commission Européenne [BE]
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