Income inequality and income in Europe; Reassessing the inverted-U hypothesis
This paper aims at investigating the polynomial relationship between income and income inequality as described by Kuznets (1955, 1963). In order to investigate this relationship, data for 35 European countries are used for the period 1980-2017 and a long-run relationship between these two variables is found, as the initial Kuznets curve hypothesis is. The results indicate, the existence of the Kuz