L’évolution de la répartition des revenus en Grèce pour la période 1961-1971

Abstract

The most important variables, which contributed to the recent improvement
in the distribution of incomes in Greece, have been the following:
a) The substantial immigration which diminished the unemployment
ratio,
b) the great capital inflow permitting the continuation of the development
effort without imposing any noteworthy cuts in consumption,
c) the avoidance of excessive industrialization,
d) the modicity, until 1972, of inflationary pressures, not causing a great inequality in incomes.

The income distribution is examined both from the functional and the personal points of view. The conclusions reached are:

a) The improvement of the functional income distribution under the influence of the increased productivity of labour, calculated with the help of the national accounts data and with the application of the Cobb Douglas function,

b) the slower and more uncertain improvement of the personal distribution of incomes, on the basis of the Qini coefficients and of the Lorenz curves, due mainly first to various steps aiming at the redistribution of income and partly to the gradual diminution of the importance of the classes in the very low income bracket.