scholarly journals Impact of Financialization on Income Inequality in Aspect of Welfare

2021 ◽  
Vol 44 (2) ◽  
pp. 170-187
Author(s):  
Laura Diliuvienė ◽  
Zita Tamašauskienė

Recently income inequality has been growing in many countries, and it is one of the biggest economic and social problems. The International Monetary Fund, the Organization for Economic Co-operation and Development (OECD), and other organizations stress the importance of this issue. According to Atkinson, Brandolini (2009), changes in income inequality show whether a particular society becomes more egalitarian over time or not, in which socio-economic direction it progresses.Even countries with similar economic structures differ in the level of income inequality and, according to Stiglitz (2015), differences in income inequality are related to policy decisions. The decisions of countries may depend on the prevailing view if markets are efficient or inefficient. In the first case, countries tend to rely more on neoliberal economic doctrine, and in the second, on the welfare state, where the role of government is more active (Stiglitz, 2017). However, it is observed that the growing income inequality is related to the growing role of the financial market, i.e. the phenomenon of financialization, which weakens the role of government. Thus, assessing the impact of financialization on income inequality is an actual topic of scientific debate.The results of studies, assessing the impact of financialization on income inequality, are mixed. Some financialization dimensions, such as financial liberalization, banking / financial crises increase income inequality, but microfinance intensity reduces income inequality. The contradictory results can be explained by the fact that research samples differ, various indicators reflecting the financialization are used, different independent variables are included in the regression equations.Studies have also been conducted in groups of countries that belong to different welfare state regimes (Josifidis, Mitrović, Supić, Glavaški, 2016; Dafermos, Papatheodorou, 2013). These studies emphasize that the level of income inequality is related to the efficiency of the social security system, i.e. income inequality is lower in Social–democratic welfare state regime (inherent universal social services and benefits) and Conservative–corporatist welfare state regime (social security model related to employment status) groups of countries than in the Mediterranean welfare state regime (characterized by the fragmentation of the social security model) and Liberal welfare state regime (inherent the specificity of the social security model, there is no universality) groups of countries. However, there is a lack of research that assesses the impact of financialization on income inequality in different welfare state regime groups of countries. The research problem: what is the impact of financialization on income inequality, is this impact the same in different EU welfare state regime groups? The object of the research - the impact of financialization on income inequality. The aim of the research is to assess the impact of financialization on income inequality in EU country groups.Research methods: analysis of scientific literature, grouping, generalization, regression analysis of panel data.When assessing the impact of financialization on income inequality in different welfare regimes EU country groups during the period 1998-2017, the least-squares regression analysis method of the panel data was used. The conducted research confirms the hypothesis and clearly shows that financialization, measured both by financial development index and domestic credit to the private sector, increases income inequality in all groups of countries. Thus, it shows that the role of the financial market is growing and financialization processes are contributing to the growth of income inequality in all groups of welfare regime countries and may reduce the role of government. These results are in line with Stiglitz, 2012; Razgūnė, 2017; Dünhaupt, 2014; Golebiowski, Szczepankowski, Wisniewska, 2016; Palley, 2008) who analyzed the relationship between financialization and growing income inequality. However, the study of Dabla-Norris et al. (2015), by contrast, find that the ratio of domestic credit to GDP in developed countries reduces income inequality.

1998 ◽  
Vol 27 (4) ◽  
pp. 507-524 ◽  
Author(s):  
MARK DRAKEFORD

This article considers the current state of help with funeral expenses in Britain. It argues that assistance has been progressively and deliberately eroded to the point where the famous ‘from the cradle to the grave’ protection of the welfare state has been removed from increasing numbers of poor people. The article sets these developments within the context of the contemporary British funeral industry, with emphasis upon its treatment of less-well-off consumers. The changing nature of social security provision for funeral expenses is traced in detail, including the actions of the incoming 1997 Labour government. This article investigates the public health role of local authorities in the case of burials, concluding that such services are insufficiently robust to meet the new weight placed upon them. The article ends with a consideration of the impact which these different changes produce in the lives of individuals upon whom they have an effect.


2021 ◽  
Vol 27 (1) ◽  
pp. 75-84
Author(s):  
N. Romanova ◽  
◽  
S. Kononov ◽  
М. Shevchenko ◽  
Yu. Shevchenko ◽  
...  

The article is devoted to the development of a social security model in the region, representing a comprehensive vision of various aspects of interaction between man and society on the way to preserve social security. The aim of the study is an attempt to synthesize the provisions of various scientific and socio-philosophical concepts of social security with the provisions of regional studies into a single systemic model of social security in the region. The implementation of this goal is carried out by the authors using a methodology based on a civilizational approach, which asserts the uniqueness of each of the regions, a systematic approach that reveals the social system of a region as a multi-core phenomenon in which various social levels are distinguished; a structuralist approach, which proves that social conditions for safe life depend on the development and organization of the social environment; semiotic approach aimed at analyzing the region as a spatial, locally distinguished social system formed around a complex of regional values; an instrumental approach that pays attention to the impact of mechanisms leading to the regional interests’ mobilization. The novelty of the presented research is associated with a model development of social security of the region based on the principle of complementarity of philosophical concepts of social security and the provisions of regional studies. The result of the study is a statement of the impossibility of covering this phenomenon in models developed in individual sciences that form scattered images of the social security of the region, but do not cover the entirety of this phenomenon. The second result of the study is the formation of a social security model of the region, which allows taking into account civilizational, systemic, structural, value, instrumentally constructed parameters. The third result is the proof of the possibility of building a social security system based on values, the mobilization of which takes place within the framework of a dialogue between external and intra-regional social discourses


SERIEs ◽  
2021 ◽  
Author(s):  
Luis Ayala ◽  
Ana Pérez ◽  
Mercedes Prieto-Alaiz

AbstractThis paper aims to analyze the effect on measured inequality and its structure of using administrative data instead of survey data. Different analyses are carried out based on the Spanish Survey on Income and Living Conditions (ECV) that continued to ask households for their income despite assigning their income data as provided by the Tax Agency and the Social Security Administration. Our main finding is that the largest discrepancies between administrative and survey data are in the tails of the distribution. In addition to that, there are clear differences in the level and structure of inequality across data sources. These differences matter, and our results should be a wake-up call to interpret the results based on only one source of income data with caution.


2021 ◽  
Vol 6 (3) ◽  
pp. 352-364
Author(s):  
Masri Abdul Lasi ◽  
Izzat Basiran

Several Studies shows that the used of social media as flatform of communication. The wide use of social media has changed the value of the information and individual role. Social media has been a great platform for knowledge sharing and even getting better as medium of communication and collaboration. The study aimed to examine the Impact of Government Using Social Media as Medium in Sharing Information to Public. The independent variables (Value, Role, Membership, Knowledge Sharing and Collaboration & Intention) of this study were used as primary goals of this research, while the dependent variable is Used of Social Media. The impacts that the users received from the new method, which is the social media that open the opportunity for people to gain tremendous knowledge not only on the past stories where it has become history, but also the current news which is latest and in a real-time basis story and news. The data collected from the quantitative study were distributed to the public in Kuala Lumpur via questionnaires to 150 respondents, since the researchers assume that Kuala Lumpur has a high population density from various population groups.  Statically Package for Social Science (SPSS) were used to analyze the correlation and determining the validity of the hypotheses. This study found that people are not really being impacted from the information shared from government agencies. It is recommended for future researcher to study the link between social media as a medium in sharing information with the aspect that impacted in people daily life and the role of government in controlling the news and information.


Author(s):  
Sarpin Sarpin ◽  
Ibrahim Ibrahim ◽  
Herza Herza

The sea and the cost with the abundant resources frequently become the competition among the groups of interest. The competition is close to the conflict and ends up with the physical and verbal violence. Selindung village located in the coast area of Muntok, West Bangka is the area of the abundant resources, marine biota, and tin commodity. The contradiction of the economic interest causes the emerge of longer conflict. This study aims to map these conflicts and offers to the best alternative to cope with. This study is a qualitative research with the interview and observation strategy as the data collection. The result of the conflict mapping shows that the conflicted area shows the social tension. The pro and anti tin mining groups clash each other with the company interest, the local government, and the impact of the local people’s occupation interfere that causes a conflict. The conflict itself has experienced up and down however the various tin mining moduses stand still. The conflicts that have been mapped are the competition of resource access, the social jealousy, the policy of the maritime politics that does not accommodate the fishermen’ interest, as well as the issue of identity. There are four alternatives to get over these conflicts by referring to Galtung’s perspective namely supporting the role of government to be more accommodating and communicative to the majority interest, ensuring no extending licence of a large scale mining in the future, mediating by having two neutral parties, and finding new economic alternative to the local people who have already been depended on the mining activity.


2013 ◽  
Vol 3 (1) ◽  
pp. 75
Author(s):  
Eny Sulistyowati ◽  
Totok Danangdjojo

<span><em>This study aims to explain the influence of the Social Security </em><span><em>program on performance and job satisfaction and job stress as a mediating </em><span><em>variable. In addition, this study also describes the effect of job satisfaction on </em><span><em>the performance and the effect of work stress on performance. The relationship of </em><span><em>each variable in this research is to be measured by conducting a survey on 145 </em><span><em>employees of private companies that included in Social Security program on </em><span><em>DIY and Solo. Then the path analisys used to test the effect of social security </em><span><em>program performance in mediation by job satisfaction, performance and job stress</em><span><em>, job satisfaction, and examines the effect on the performance and the effect of </em><span><em>work stress on performance. The results showed that the social security program </em><span><em>significant positively affects job satisfaction and performance. Job satisfaction was </em><span><em>also positively and significantly affect performance. Even though mediating role </em><span><em>of job satisfaction in the relationship between social security program performance </em><span><em>partial. Because merely direct relationship between social security program with </em><span><em>greater performance than the mediating role of job satisfaction. Social Security </em><span><em>program did not significantly affect the stress of work, as well as job stress did </em><span><em>not significantly affect performance. Therefore, the mediating role of work stress </em><span><em>on the relationship between social security program with the performance did not </em><span><em>occur. Individual differences and work experience may be a factor that causes no </em><span><em>significant relationship between the two variables.</em></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span><br /></span>


Author(s):  
Martin Seeleib-Kaiser

Traditionally Germany has been categorized as the archetypical conservative welfare state, a categorization not systematically questioned in much of the comparative welfare state regime literature. For many scholars Germany was largely stuck and unable to reform its coordinated market economy and welfare state arrangements at the turn of the twenty-first century, due to a large number of veto points and players and the dominance of two ‘welfare state parties’. More recent research has highlighted a widening and deepening of the historically institutionalized social protection dualism, whilst at the same time significant family policy transformations, which can be considered as partially in line with the social investment paradigm, have been emphasized. This chapter sets out to sketch the main policy developments and aims to identify political determinants of social policy change in Germany.


1974 ◽  
Vol 4 (3) ◽  
pp. 223-226 ◽  
Author(s):  
Donald L. Kanter

Dr. Kanter presents a summary of his research assessing the role of OTC advertising in Influencing drug usage. His work represents the only systematic study of the impact of commercial advertising on drug usage. He stresses that advertising in itself does not directly lead to drug misuse but should be considered as part of a host of factors in the social environment and in the media environment that have significant influence in determining people's behavior. He also urged that the existing pharmaceutical advertising codes, which are often violated, be reviewed and strengthened.


2020 ◽  
Vol 10 (1) ◽  
Author(s):  
Jonatan Almagor ◽  
Stefano Picascia

AbstractA contact-tracing strategy has been deemed necessary to contain the spread of COVID-19 following the relaxation of lockdown measures. Using an agent-based model, we explore one of the technology-based strategies proposed, a contact-tracing smartphone app. The model simulates the spread of COVID-19 in a population of agents on an urban scale. Agents are heterogeneous in their characteristics and are linked in a multi-layered network representing the social structure—including households, friendships, employment and schools. We explore the interplay of various adoption rates of the contact-tracing app, different levels of testing capacity, and behavioural factors to assess the impact on the epidemic. Results suggest that a contact tracing app can contribute substantially to reducing infection rates in the population when accompanied by a sufficient testing capacity or when the testing policy prioritises symptomatic cases. As user rate increases, prevalence of infection decreases. With that, when symptomatic cases are not prioritised for testing, a high rate of app users can generate an extensive increase in the demand for testing, which, if not met with adequate supply, may render the app counterproductive. This points to the crucial role of an efficient testing policy and the necessity to upscale testing capacity.


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