Abstract
In this paper we examine the growth of income inequality in Hungary in the early transition period. We use household budget survey data from four years between 1987 and 1993 to examine the factors associated with the levels and changes in inequality. We find that public policy inhibited the increase in household income inequality initially. Tax and benefit policies, and the increasing diversity among sources of household incomes, interacted to cause a roller-coaster pattern in which the first spurt in inequality was reversed, but then followed by a further sharp increase.
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