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This chapter explores the effects of the Greek crisis on the level and structure of income inequality and poverty. Inequality rose during the crisis. The magnitude of the change varies across indices, and indices that are relatively more sensitive to changes close to the bottom of the income distribution record larger increases. The elderly improved their relative position, while there was substantial deterioration in the relative position of the enlarged group of the unemployed. The contribution of disparities between socio-economic groups to aggregate inequality rose, while the contribution of educational disparities declined. Poverty increased considerably, especially when “anchored” poverty lines are used. The contribution of households headed by pensioners to aggregate poverty declined sharply with a corresponding increase in the contribution of unemployed-headed households.
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- Inequality and Poverty in Greece: Changes in Times of Crisis
- Chapter 2
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