Conditions of Work and Employment Series No. 51

The largest drop in income inequality in the European Union during the Great Recession: Romania’s puzzling case

The largest decrease in income inequality among EU member states in the recent recession was registered in Romania, a 4.5 point drop in the Gini coefficient between 2007 and 2010. The country experienced a severe economic downturn and some of the toughest austerity measures among EU member states.