Differentiation of income and consumption of the Lithuanian population

The article discusses the current disparities as regards the standard of living of the Lithuanian population by analysing changes in the structure and differentiation of income and consumption expenditure. This article claims that the overall economic growth of the country evaluated according to suc...

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Bibliographic Details
Published inVerslas: teorija ir praktika Vol. 11; no. 3; p. 266
Main Author Vaida Lisauskaitė
Format Journal Article
LanguageEnglish
German
Lithuanian
Published Vilnius Vilnius Gediminas Technical University 01.09.2010
Subjects
differentiation of consumption expenditure
economic growth
Expenditures
GDP
Gross Domestic Product
inequality
level and differentiation of income of the population
polarisation
Population
social disparities
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Summary:The article discusses the current disparities as regards the standard of living of the Lithuanian population by analysing changes in the structure and differentiation of income and consumption expenditure. This article claims that the overall economic growth of the country evaluated according to such indicators as the growth of GDP and GDP per capita, is still unable to ensure the welfare, quality of life and increase of life satisfaction among the population. With regard to evaluation of the changes in the welfare of the population, it is appropriate to consider distribution of income and consumption expenditure among different groups of society. Such an analysis of statistical data reveals the growing wealth inequality among the Lithuanian population.
ISSN:1648-0627
1822-4202
DOI:10.3846/btp.2010.29