FORECASTING OF INCOME INEQUALITY IN THE CONTEXT OF THE INTERGENERATIONAL PROPAGATION IN ASIA
Keywords:
income inequality, age dependency ratio, expenditure on education, Fourth Industrial Revolution, intergenerational propagation, forecasting, Gini index, Google TrendsAbstract
The article stresses on empirical research of income inequality in the context of the intergenerational propagation and the Fourth Industrial Revolution in Asia with orientation based on analysis of age dependency ratio and expenditure on education. Methodological basis of intergenerational propagation of inequality is econometric modelling of income inequality level that focuses on technological and socioeconomic changes in Asia for individual economies of Japan, China, India, and Thailand. The research paper provides conclusions and policy recommendations in relation to forecasting of income inequality by adjusting the Gini index to Google Trends; empirical results concerning the impact of education and intergenerational transfers on income inequality.
