Reducing inequalities: Toward the development of a market for income inequality

Husted, Bryan W.; Salazar, José

doi:10.1016/j.jclepro.2019.118931

Cited by 11 publications

(5 citation statements)

References 51 publications

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“…In addition, much of the literature suggests that market and social factors play different roles in economic development. Since an appropriate and effective market-oriented can enhance the economic growth effect of social factors and make up for the shortcomings of lag in social structure to a certain extent, the role between them may be alternative or complementary [ 63 ]. Specific to this paper, is the relationship between regional intergenerational mobility and corporate innovation affected by market-oriented reforms with different biases?…”

Section: Methodsmentioning

confidence: 99%

Regional intergenerational mobility and corporate innovation: Evidence from China

Luo

Xie

2023

PLoS ONE

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By stimulating social vitality and improving innovation efficiency, intergenerational mobility plays an essential role in economic development. With the data from China Labor-force Dynamic Survey (CLDS) and A-share listed companies, this paper uses the methodology of intergenerational order correlation to measure regional intergenerational mobility, and examines the impact of regional intergenerational mobility on corporate innovation. The results are as follows: (1) Regional intergenerational mobility promotes corporate innovation both quantitatively and qualitatively, and a series of robustness tests confirm our findings; (2) Two channels identified are government-enterprise human capital allocation and fairness perception; (3) Heterogeneity analysis shows that the innovation effect of regional intergenerational mobility is more significant in the high-tech industry and private enterprises; (4) Multi-dimensional market-oriented policy can be used to get rid of the shackles of low intergenerational mobility on corporate innovation. Our findings provide implications for developing countries on how to address the relationship between inequality and economic development.

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Section: Methodsmentioning

confidence: 99%

Regional intergenerational mobility and corporate innovation: Evidence from China

Luo

Xie

2023

PLoS ONE

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“…The SDGs include those aspects that are challenges within urban environments, and smart city(ies), such as addressing poverty (SDG1), reducing inequality(ies) (SDG 10), ensuring inclusive and equitable quality education for all (SDG4), and sustainable cities and communities (SDG11) [186]. However, despite growing academic interest in and analysis of country level data on those SDG's relevant to inequality(ies) in general, and income inequality specifically, to date there has been limited focus on firm level analysis [187]. Rather, scholars investigating firm level support of SDG's have focused on identifying how organisations can take action(s) to drive the SDG agenda forward [188][189][190][191][192], and examined the factors that influence SDG engagement [193][194][195][196].…”

Section: Sustainable Development Goals (Sdgs)mentioning

confidence: 99%

“…In that, they are only willing to commit to supporting SDG's that directly align with their business objectives. This limited willingness by corporations to take action towards reducing inequality and in particular income inequality, has led to what commentators ( [187], p. 1) consider "end-of-pipe" solutions, wherein "governments redistribute income and wealth after the unequal distribution has been created by firm-level decision's". Meaning that, it is left to governments via fiscal policy, such as taxation and subsidies, to improve income and education inequality(ies) for the most disadvantaged, due to a lack of organisations responsiveness [187].…”

Section: Sustainable Development Goals (Sdgs)mentioning

confidence: 99%

“…The historical overview of CSR and SDG's, demonstrates that communities expect businesses to not only address societal problems and challenges, but that they also take action to resolve the evolving environmental issues, rising inequality, poverty, and limited access to services [163,168,172]. Secondly, firms need to be prepared to invest more in their employees, by providing a larger share of their profits to them via wage increases in return for increased productivity and efficiency [187], to reduce income inequality. Thirdly, those large firms who design smart city(ies) and the ICT vendors who promote techno-centric solutions, need to improve access to the technology(ies), platforms and services, and work proactively to modify the perceptions and behaviours of urban citizens [150], particularly those who are socially, culturally and ethnically disadvantaged.…”

Section: Addressing Community and Business Expectationsmentioning

confidence: 99%

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Perspective Chapter: Smart City(ies) – Citizen Equalisers or Inequality Generators

Roberts¹

2024

Sustainable Development

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The UN predicts that by 2050, 72% of the world’s population will be urban dwellers, a global migration and human shift that will ultimately lead to a significant social, economic and environmental transformation of urban environments. Not surprisingly, such a prediction has led to an increased interest in the growth of smart city(ies). Literature suggests that these ecosystems, that is smart city(ies), increase productivity and grow social, human and economic capital, and have the potential to reduce inequality(ies) amongst its citizens. This chapter will argue, that such expectations of inequality reduction, may not be the case. That current technocentric approaches fail to address urban problems associated with inequality, including urban sprawl, poverty, higher rates of unemployment, growing urban costs, and housing affordability. Recommendations will be made for the use of alternative mechanisms in the design of these ecosystems, to achieve the ultimate goal of reduced inequality, while simultaneously creating more liveable, vibrant and social, economic and sustainable city(ies) and community(ies) of the future.

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“…FD contributes to money multiplication [16], increases investment, innovation, and entrepreneurial activity [17][18], and enhances the efficiency of resource markets [19]. Furthermore, financial development reduces the size of the shadow economy [20] and decreases income inequality [21].…”

Section: -Literature Reviewmentioning

confidence: 99%

Financial Development Strategies: Defining Objectives and Priorities

Gospodarchuk,

Zeleneva

2023

Emerg Sci J

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In recent years, scientific and practical interest in the strategic management of countries' financial development has grown significantly. However, an analysis of publications on this topic indicates the absence of a methodology to make strategic decisions on the formation of goals and priorities for financial development. The purpose of this study is to develop a methodology for the strategic management of the financial development of countries. The study uses methods of systemic, comparative, GEP analysis, and a rule-based judgment method. The result of the study is the development of a concept that allows defining strategy, quantified strategic goals and priorities for financial development, and its testing in OECD countries. The novelty of the research lies in the systematic approach to the formation of strategic goals and priorities based on the System of National Accounts, the multi-level system of key indicators of financial development, criteria formalizing alternative strategies, and rules for making strategic decisions. This is the first time such a concept has been proposed. The advantages of the developed concept are high representativeness, objectivity, and a wide range of applications. Its use will improve the quality of strategic management of countries' financial development and ensure transparency in government decisions. Doi: 10.28991/ESJ-2023-07-06-09 Full Text: PDF

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Reducing inequalities: Toward the development of a market for income inequality

Cited by 11 publications

References 51 publications

Regional intergenerational mobility and corporate innovation: Evidence from China

Regional intergenerational mobility and corporate innovation: Evidence from China

Perspective Chapter: Smart City(ies) – Citizen Equalisers or Inequality Generators

Financial Development Strategies: Defining Objectives and Priorities

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