Republic of Lithuania: Selected Issues
IMF Staff Country Reports, May 18, 2016
Source details
- Canonical URL
- Republic of Lithuania: Selected Issues
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Bibliographic details
- Published: May 18, 2016
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781484356180.002
Summary and main findings
- The paper examines the main characteristics and causes of Lithuania’s inequality differentials relative to peers and suggests policies that may reduce them.
- Lithuania has recovered well from the 2008–09 crisis and developmental indicators look reasonably good.
- Lithuania features one of the highest levels of income inequality in the European Union.
- Identified main causes of income inequality:
- Low living standards.
- Modest public expenditure on social protection.
- Limited tax progressivity.
- High income volatility.
- Recent policy moves noted:
- Lithuania has taken some moderate steps to address income inequality and to improve the condition of low-wage earners through large minimum wage hikes.
Subject coverage and keywords
- Subjects: Disposable income, Expenditure, Income distribution, Income inequality, National accounts, Personal income, Social protection spending.
- Keywords include: at-risk-of poverty threshold, Baltics, capital income, CR, Disposable income, emigration rate, Europe, Income distribution, income equality, Income inequality, income inequality in Lithuania, income mobility, income share ratio, inequality in Lithuania, innovation policy, ISCR, market income, mobility in Lithuania, Personal income, reference period, share ratio, Social protection spending.
Content in this bundle
- Republic of Lithuania: Selected Issues; IMF Country Report 16/126; April 28, 2016