Determinants of economic (in)equality and its implications for sustainable economic development

Abstract

Among the greatest challenges of the modern economy are the problems related to the long-term trends of rising income and wealth distribution inequalities, which are also the key variables in inequality and unemployment research. Drawing attention to the connection between economic inequality and unemployment is based on the fact that these factors represent the factors crucial in lowering the level of the living standard as well as a poverty increase, i.e. inequality par excellence. After a long period of turning a blind eye to this problem, economic inequality received greater attention in the 1990s, since the increase in income inequality had become apparent in the 1980s. In other words, the revival of DETERMINANTS OF ECONOMIC (IN)EQUALITY AND IMPLICATIONS FOR SUSTAINABLE ECONOMIC DEVELOPMENT