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Income and wage inequality in democratic Portugal, 1974–2020

2024-09Artigo científico Acesso aberto
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dc.contributor.authorOliveira, Carlos
dc.contributor.institutionNOVA School of Business and Economics (NOVA SBE)
dc.contributor.pblWiley-Blackwell
dc.date.accessioned2025-05-16T21:32:28Z
dc.date.available2025-05-16T21:32:28Z
dc.date.issued2024-09
dc.descriptionPublisher Copyright: © Copyright 2024 Elsevier B.V., All rights reserved. Funding information: Fundação para a Ciência e a Tecnologia, Grant/Award Numbers: PTDC/EGE-ECO/7493/2020, UIDB/00124/2020, UIDP/00124/2020, Social Sciences DataLabPINFRA/22209/2016; PORLisboa and POR Norte, Grant/Award Number: Social Sciences DataLabPINFRA/22209/2016.
dc.description.abstractThis paper investigates the evolution of income and wage inequality in Portugal from the 1974 democratic revolution up to 2020, drawing on a series of administrative records, survey data and aggregate statistics. Over this period, Portugal consistently ranked among the most unequal nations in the developed world. The transition from a deeply unequal dictatorial regime, in the wake of the 1974 revolution, brought about substantial redistribution. However, since the 1980s, income and wage inequality followed an arc-shaped trajectory. There was a sharp rise in inequality from the early 1980s to the mid-1990s, which, in just eight years, outpaced the infamous US growth in wage inequality of the last five decades. Then, there was stability at high levels until the mid-2000s. Finally, there was a sharp decline in inequality until 2020, which halved both the gender wage gap and the college wage premium. Changes related to the supply and demand for education/skills emerged as key drivers of inequality dynamics. Institutional and political forces were especially relevant in reducing inequality during the transition to democracy and, more recently, with the rising importance of the minimum wage and collective bargaining.en
dc.description.versionpublishersversion
dc.description.versionpublished
dc.format.extent22
dc.format.extent1458588
dc.identifier.doi10.1111/1475-5890.12391
dc.identifier.issn0143-5671
dc.identifier.otherPURE: 101554698
dc.identifier.otherPURE UUID: 0e6dbb72-4b71-4197-9309-53e85b9ba862
dc.identifier.otherScopus: 85205787447
dc.identifier.otherWOS: 001327168300007
dc.identifier.urihttp://hdl.handle.net/10362/183098
dc.identifier.urlhttps://www.scopus.com/pages/publications/85205787447
dc.language.isoeng
dc.peerreviewedyes
dc.subjectIncome
dc.subjectInequality
dc.subjectPortugal
dc.subjectRedistribution
dc.subjectWage
dc.subjectAccounting
dc.subjectFinance
dc.subjectEconomics and Econometrics
dc.subjectSDG 5 - Gender Equality
dc.subjectSDG 8 - Decent Work and Economic Growth
dc.subjectSDG 10 - Reduced Inequalities
dc.titleIncome and wage inequality in democratic Portugal, 1974–2020en
dc.typejournal article
degois.publication.firstPage393
degois.publication.issue3
degois.publication.lastPage414
degois.publication.titleFiscal Studies
degois.publication.volume45
dspace.entity.typePublication
rcaap.rightsopenAccess

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