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Social Inequality in the World - the Interpretation of Not-Evident Tendencies

Author

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  • Grigoryev, L.

    (Analytical Center for the Government of the Russian Federation, Moscow, Russia
    National Research University Higher School of Economics, Moscow, Russia)

Abstract

The inequality in the economy was different in different periods of economic development, within different political regimes, and depends on differences in the structure of society. The term is nowadays widely used - especially in political rhetoric - and almost always implies inequality of income distribution. Excessive income inequality distribution limits opportunities for economic growth of the country, for example, due to the increase in social inequality. Fluctuations in income from profits, shares, rents during crisis may temporarily reduce inequality, but the periods of prosperity naturally increase income inequality. Social inequality has a serious impact on economic growth and social stability in the country, but with a significant increase in income and consumption levels of the poor population in the XX-XXI centuries inequality in itself might not cause social unrest. Russia in the period of transformation has moved from a quasi-egalitarian society (in accordance with the parameters of inequality) to society, similar to the Latin American countries.

Suggested Citation

  • Grigoryev, L., 2016. "Social Inequality in the World - the Interpretation of Not-Evident Tendencies," Journal of the New Economic Association, New Economic Association, vol. 31(3), pages 160-170.
    • Handle: RePEc:nea:journl:y:2016:i:31:p:160-170
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    References listed on IDEAS

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    1. Ulrich Hege & S. Lovo & M. B & M. E, 2010. "When Private Equity Can be Generous," Post-Print hal-00554153, HAL.
    2. L. Grigoryev & A. Kurdin., 2016. "Unresolved issue of private property legitimacy in Russia," VOPROSY ECONOMIKI, N.P. Redaktsiya zhurnala "Voprosy Economiki", vol. 1.
    3. Vladimir Gimpelson & Daniel Treisman, 2018. "Misperceiving inequality," Economics and Politics, Wiley Blackwell, vol. 30(1), pages 27-54, March.
    4. Jomo, K. & Popov, V., 2016. "Long-Term Trends in Income Distribution," Journal of the New Economic Association, New Economic Association, vol. 31(3), pages 146-160.
    5. Atkinson, Anthony B., 2015. "Inequality: what can be done?," LSE Research Online Documents on Economics 101810, London School of Economics and Political Science, LSE Library.
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    Cited by:

    1. Leonid M. Grigoryev & Victoria A. Pavlyushina, 2019. "Relative social inequality in the world: Rigidity against the economic growth, 1992–2016," Russian Journal of Economics, ARPHA Platform, vol. 5(1), pages 46-66, April.

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    More about this item

    Keywords

    wealth inequality; income inequality;

    JEL classification:

    • D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement

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