Finansinio saugumo ir jo poveikio pajamų nelygybei vertinimas ES šalyse

Abstract

The dissertation analyzes the theoretical and empirical aspects of the interaction between the country’s financial security and income inequality, identifies the fundamental components of the country’s financial security, proposes the structure of the aggregate financial security index, and develops a model for assessing the impact of the country’s financial security on income inequality. In the first stage of the study, the financial security of EU countries was assessed. The results of the study revealed that the highest financial security is in EU countries with a market-based type of financial system structure. The second phase of the study assessed the impact of the country’s financial security on income inequality. The results of the quantile regression analysis revealed that the strength of the impact of a country’s financial security on income inequality depends both on the prevailing type of financial system in the country and on the depth and level of income inequality. In all cases, however, the country’s financial security has been found to increase income inequality statistically significantly. The results of the study reveal that as the country’s financial security increases, income inequality increases both in terms of the lowest income and in terms of the average income. The results of this study can be applied in the search for more effective measures to reduce income inequality and the risk of poverty.