Work detail

Global Changes in Income Distribution: Causes and Impacts

Author: Bc. Pavel Jančovič
Year: 2015 - summer
Leaders: doc. Ing. Tomáš Cahlík CSc.
Work type: Bachelors
Language: Slovak
Pages: 49
Awards and prizes:
Abstract: This thesis examines income inequality in the world. The main subject of investigation is the
Gini coefficient, which determines the inequality. To measure the Gini coefficient are used
different variables that could be empirically influencing. Econometric analysis consists of 34
countries of the world except Africa. Countries are divided into 5 groups. The measured
period is between 1991 and 2011.We use the method of least squares, fixed effects and
random effects. After performing regressions, results are commented, the best model is
chosen, significant and non-significant variables are stated. We test models for
heteroscedasticity, first order autocorrelation of the residuals and normality. Afterwards, we
point out possible causes of the results. We refer to the countries in which income inequality
is not a problem and reduce or stabilize Gini coefficient on low rate. Also we refer to
countries, which has rate of the Gini coefficient, or income inequality increased in measured




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