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 Trends
Abstract
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.
References
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7. Isaac Alan G.. The Intergenerational Propagation of Wealth Inequality. 2014. Retrieved from http://onlinelibrary.wiley.com/doi/10.1111/meca.12057/full.
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10. Krueger, D. and F. Perri 2006 Does Income Inequality Lead to Consumption Inequality? Evidence and Theory, Review of Economic Studies 73, 163-193.
11. Lansing, K.J., Markiewicz, A. (2012). Top incomes, rising inequality, and welfare, Working Paper 10, Norges Bank Research. Retrieved from http://www.norges-bank.no/contentassets/ 16dd2a93e9f948fe8c5185b7892d49b8/norges_bank_working_paper_2012_10.pdf.
12. Lemieux, T. 2006 Postsecondary Education and Increasing Wage Inequality, American Economic Review Papers and Proceedings 96, 195-199.
13. Neckerman Kathryn, Torche Florencia. Inequality: Causes and Consequences. Annual Review of Sociology. 2007;33:335–57.
14. OECD 2011 Divided We Stand: Why Inequality Keeps Rising. OECD Publishing, Paris. Overview available at www.oecd.org/els/socialpoliciesanddata/49499779.pdf.
15. Papageorgiou, C., Jaumotte, F., Lall, S. (2008). Rising Income Inequality: Technology, or Trade and Financial Globalization? IMF Working Paper, International Monetary Fund. Retrieved from https://www.imf.org/external/pubs/ft/wp/2008/wp08185.pdf.
16. Park, D., Shin, K. (2015). Economic Growth, Financial Development, and Income Inequality, ADB Economics Working Paper Series, Asian Development Bank. Retrieved from https://www.econstor.eu/bitstream/10419/128563/1/ewp-441.pdf.
17. Perugini, C., Hölscher, J., Collie, S. (2015). Inequality, credit and financial crises. Cambridge Journal of Economics. 40, 227-257.
18. Piketty, T., and E. Saez, 2003, ―Income Inequality in the United States, 1913–1998,‖ Quarterly Journal of Economics, Vol. 118, No. 1, pp. 1–39.
19. Rajan, R., 2010, Fault Lines: How Hidden Fractures Still Threaten the World Economy (Princeton: Princeton University Press).
20. Wilkinson Richard, Pickett Kate. The Spirit Level. New York: Bloomsbury; 2010.
Published
2019-05-27
Pages
79-86
Section
SECTION 8 MONEY, FINANCES AND CREDIT
