The Impact of Digital Economy Development on Income Inequality in Europe
Digital economy is one strategic area under the new round of scientific and technological revo-lution and industrial transformation,which has not only extensively improved economic effi-ciency,but had a profound impact on the pattern of income distribution.Starting from the correlative feature between the booming digital economy and the rising income inequality in the European countries in recent years,this article portrays the impact mechanism of the de-velopment of digital economy on income inequality.Based on the panel data of 36 European countries in 2007-2019,this article measures the level indicators of digital economic devel-opment and empirically tests the impact of digital economy on income inequality.Our findings suggest that digital economic development in the European countries can significantly reduce income inequality by raising the relative size of human capital.However,as its effects on in-come distribution are mainly found in the developed countries,the development of the digital economy in Europe is prone to widening the income disparities between different countries.
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