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What is The Decline of The Middle Class New Evidence For Europe about?

This article analyzes the decline of the middle class across twenty-six European countries from 2004 to 2014, revealing a decrease in the middle class in eighteen of those countries and an increase in income polarization. The authors define the middle class as households earning between 75% and 125% of the national median income, and find that income redistribution through taxes and transfers significantly influences the size of the middle class. The study highlights the importance of a stable middle class

Author

mandyqi75

Language

EN