Theory of Persistent Income Inequality

Abstract

Psychology stipulates justice is one of the most powerful feelings of human beings. Societies strengthen as overall justice increases. People are seeking justice in many areas. A more fair income distribution has always been desired in almost every society since the beginning of civilizations. In recent times, European countries are known to be the most fair societies, at least within their boundaries. So, taking into account these facts, what can be said about income inequality levels for EU-15? This chapter tries to find an empirical answer for this question. There is also a solution for income inequality.