INCOME INEQUALITY AND MATERIAL DEPRIVATION IN SERBIA

Abstract

Value of the Gini coefficient, as well as quintile ratio, in Serbia in the last couple of years shows a tendency of slight decline. However, this tendency of the mentioned indicators does not improve the position of Serbia comparing to other European countries, as it still belongs in a group of states with highest income inequality. Consequently, a significant share of population of Republic of Serbia can be characterized as materially deprived. The purpose of this research is to theoretically support and to explain possible causes of this condition, as well as its development over the last few years.