The effects of macroeconomic variables on income inequality: Panel data analysis for BRIC-T countries

Over the centuries, the issue of income and income distribution has become one of the most important debates in economics. The inequality of income distribution has become a priority problem to solve since it causes many problems not only economically but also socially and politically. In order to reduce the socio-economic inequality resulting from unequal distribution of income and to take precautions, it is important to determine the factors that cause income inequality. In this study, income inequality has been examined by panel data analysis in the BRIC-T countries for 2005-2015 period. According to findings, in BRIC-T countries, it has been shown that inflation rate, public revenues and economic globalization increase income inequality and research and development expenditures decrease income inequality