Master thesis focuses on the comparative analysis of economic inequalities in two different welfare state models: Republic of Croatia and Kingdom of Denmark. The main objective of this thesis was to compare different levels of economic inequalities in two different welfare state models. Theoretical part of the thesis provides a definition of economic inequality, presentation of measures, explanation of potential causes, indication of certain policies directed at mitigating economic inequalities and presentation of the concept of welfare state together with related models, accompanied by description of croatian and danish welfare state model. Empirical part of the thesis consists of graphical and econometric analysis. Based on performed graphical analysis, via diverse indicators of economic inequalities, the hypothesis of the thesis about higher level of economic inequality in croatian welfare state model in relation to the danish one, is confirmed. Econometric analysis was conducted in statistical package EViews 12, using multiple linear regression on a sample of Croatia in the time period 2002 – 2021, and Denmark in the time period 2000 – 2021. Applying this analysis, it was tested if increasing the share of expenditures on health, education and social care, can affect on decreasing economic inequalities displayed in the form of Gini coefficient. By example of Croatia, the results have shown impossibility of drawing a conclusion on the grounds that in none of the three regression models, none of the variables is statistically significant, whereas by example of Denmark, the results have shown decreasing of economic inequalities in the case of increasing expenditures for education and social care, and in the case of increasing expenditures for health, economic inequalities have increased, which is a paradox, but is however, confirmed in a literature.