Book contents
- The Israeli Economy, 1995–2017
- The Israeli Economy, 1995–2017
- Copyright page
- Contents
- Figures
- Tables
- Contributors
- Preface
- 1 Lights and Shadows in the Market Economy
- Part I Government Policy and Macroeconomic Developments
- Part II Reforms and Their Effects
- Part III Investment in Human Capital, Productivity, and Inequality
- 11 Why Is Labor Productivity in Israel So Low?
- 12 Income Inequality in Israel: A Distinctive Evolution
- 13 The Israeli Labor Market, 1995–2015
- 14 Economics of Education in Israel
- 15 Economic Aspects of the Healthcare System in Israel
- 16 The Arab Economy in Israel
- Part IV Key Issues in Various Sectors
- Index
- References
12 - Income Inequality in Israel: A Distinctive Evolution
from Part III - Investment in Human Capital, Productivity, and Inequality
Published online by Cambridge University Press: 04 February 2021
- The Israeli Economy, 1995–2017
- The Israeli Economy, 1995–2017
- Copyright page
- Contents
- Figures
- Tables
- Contributors
- Preface
- 1 Lights and Shadows in the Market Economy
- Part I Government Policy and Macroeconomic Developments
- Part II Reforms and Their Effects
- Part III Investment in Human Capital, Productivity, and Inequality
- 11 Why Is Labor Productivity in Israel So Low?
- 12 Income Inequality in Israel: A Distinctive Evolution
- 13 The Israeli Labor Market, 1995–2015
- 14 Economics of Education in Israel
- 15 Economic Aspects of the Healthcare System in Israel
- 16 The Arab Economy in Israel
- Part IV Key Issues in Various Sectors
- Index
- References
Summary
The level of disposable income inequality in Israel has increased noticeably since the mid-1980s, and today it is above most developed countries. In contrast, market income inequality, which hit a record level in 2002, has reversed its course since then and has shown a sharp decline in subsequent years, and it is now below the OECD average. This chapter offers tentative explanations for the inverted U-shape evolution of market income inequality in Israel in the last twenty-five years, which is distinctive in view of most developed countries℉ experience. In addition, this chapter addresses the unique combination of income inequality in Israel which has one of the highest levels of disposable income inequality but is ranked below the OECD average measure of market income inequality.
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- Information
- The Israeli Economy, 1995–2017Light and Shadow in a Market Economy, pp. 362 - 396Publisher: Cambridge University PressPrint publication year: 2021