Income Inequality and Social Well-Being

Kakwani, Nanak; Son, Hyun H.

doi:10.1057/978-1-137-58325-3_6

Cited by 3 publications

(3 citation statements)

References 36 publications

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“…The second important result is that SME growth, OPI and HTXG, have an insignificant impact on the poverty level in Sri Lanka. These results are consistent with prior studies, such as [53]. From the results, it has been observed that there is a problem of autocorrelation because of the low value of D.W. value.…”

Section: Empirical Results and Discussionsupporting

confidence: 92%

Role of SME in Poverty Alleviation in SAARC Region via Panel Data Analysis

et al. 2019

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The key objective of the formation of the South Asian Association of Regional Cooperation (SAARC) is to join hands collectively for slow economic growth, poverty eradication, deprived health and education sectors. In the 12th SAARC Summit, it has been declared that poverty eradication is the main area of concentration and SAARC countries would strive their best to minimize all types of poverty with the help of any possible strategy. The main objectives of the current study are to evaluate the development of the agenda of poverty eradication in SAARC countries through small and medium enterprise (SME) development because it would be considered as a short-routed remedy to mitigate poverty. The poorest 20% income holder as a percentage of GDP has been used as the proxy for poverty in the SAARC region. SME development has been measured through the SME share in GDP in respective countries. The panel dataset has been developed for the period of 1990 to 2015. The fixed effect method (FEM) and regression equation techniques were used to analyse the observed data. The results of the FEM were misleading. The regression equations for the respective countries were used for empirical analysis. The results have identified that there are three main factors that are essential in reducing poverty in the SAARC region: SME growth, openness of trade and social sector development.

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Section: Empirical Results and Discussionsupporting

confidence: 92%

Role of SME in Poverty Alleviation in SAARC Region via Panel Data Analysis

et al. 2019

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“…Our results are in line with the majority of previous studies in the perspective of negative relationships between income inequalities and subjective well-being—happiness [ 19 , 20 , 28 , 55 ]. However, contrary to the positive links in this field [ 36 , 37 ], it also confirms the findings of the negative associations between unequal income distribution and health [ 7 , 32 , 39 ] and natural environment [ 40 ].…”

Section: Conclusion and Discussionsupporting

confidence: 93%

Examining the relationships between income inequalities and different dimensions of well-being in selected Central Eastern European (CEE) countries

Szczepaniak

Geise

2021

PLoS ONE

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This article examines the relationships between different dimensions of well-being and income inequalities across selected Central Eastern European countries after joining the European Union in 2004. Regarding the multivariety of well-being concept, it explores its 5 dimensions (material dimension, health dimension, education dimension, environmental dimension, happiness). Accounting for the interactions between dimensions of well-being matters for the inequalities, we conducted an in-depth analysis by adopting PMG estimation and panel ARDL model to assess the short-run and long-run links between variables. The results of conducted analysis allowed us to identify the canals through which income inequalities are linked directly or indirectly with the particular dimensions of well-being. In the long run, all the dimensions of well-being significantly affected income inequalities, and income inequality shaped material dimension, health, education, natural environment, and happiness. However, in the short run, the only dimension that shaped income inequalities was education. Income inequalities directly affected both health dimension and happiness.

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“…The research that was conducted by Kakwani and Son (2016) [ 8 ] demonstrates that inequality has a negative impact on a variety of aspects of well-being. According to the findings of this investigation, efforts should be made to reduce inequality to enhance the general well-being of a society.…”

Section: Exploring the Main Determinants Of Income Inequalities And T...mentioning

confidence: 99%

Exploring the Moderation and Mediation Effects in Addressing the Main Determinants of Income Inequalities in Supporting Quality of Life: Insights from CEE Countries

Davidescu

Nae

Florescu

2022

IJERPH

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Income inequality has become an increasingly pressing economic and social problem in Europe, especially in emerging countries with more significant inequalities than the EU average. The high-level inequality persistence can decrease well-being by accentuating the shortcomings at the household level, increasing poverty and social exclusion, generating political instability, leading to a decline in social cohesion, and, finally, a weakening of the Union as a whole. In this context, the paper aims to identify the main determinants of income inequality across the CEE countries and their significant implications in supporting the quality of life and well-being, highlighting the mediation and moderation effects. The analysis focuses on emerging European countries, using panel-based data analysis for ten EU countries covering 2008–2019. The empirical findings highlighted the importance of the minimum wage, high-tech exports, the degree of economic openness, the quality of institutions, and education spending in reducing income inequality. On the other hand, the proportion of the population with a higher education level and the interaction between official and unofficial economies led to income inequality. Therefore, to increase the quality of life, it is mandatory to decrease inequalities. Thus, fewer people will be at risk of living a less qualitative life. The empirical results also proved that the informal economy and the share of people employed in industry exhibited mediating roles. In contrast, the economic growth, the urbanization degree, and the share of people employed in services exhibited moderating roles. Additionally, we also tested the impact of the income inequality determinants of the quality of life, the empirical results supporting the influence of minimum wage, employment with tertiary education, government effectiveness, the degree of economic openness, and education expenditures.

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Income Inequality and Social Well-Being

Cited by 3 publications

References 36 publications

Role of SME in Poverty Alleviation in SAARC Region via Panel Data Analysis

Role of SME in Poverty Alleviation in SAARC Region via Panel Data Analysis

Examining the relationships between income inequalities and different dimensions of well-being in selected Central Eastern European (CEE) countries

Exploring the Moderation and Mediation Effects in Addressing the Main Determinants of Income Inequalities in Supporting Quality of Life: Insights from CEE Countries

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