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Finance and Credit
 

Income inequality in the Fourth Industrial Revolution

Vol. 31, Iss. 5, MAY 2025

PDF  Article PDF Version

Received: 31 March 2025

Accepted: 7 April 2025

Available online: 29 May 2025

Subject Heading: FINANCIAL CAPITAL

JEL Classification: I31, I32

Pages: 77-88

https://doi.org/10.24891/zokues

Irina A. STRELETS Corresponding author, Moscow State Institute of International Relations (University) of the Ministry of Foreign Affairs of the Russian Federation (MGIMO University), Moscow, Russian Federation
strelets.i@my.mgimo.ru

ORCID id: not available

Aleksandr D. ZAV’YALOV Moscow State Institute of International Relations (University) of the Ministry of Foreign Affairs of the Russian Federation (MGIMO University), Moscow, Russian Federation
zavyalov.a.d@my.mgimo.ru

ORCID id: not available

Subject. The article is devoted to the analysis of the transformation of theoretical approaches to the concept of inequality and methods for its assessment.
Objectives. The study aims to analyze modern approaches to the concept of inequality, identify factors of its generation, establish the existence of a connection between the introduction of new technologies and the growth of inequality at the global level.
Methods. The study rests on the content analysis of available sources, comparative analysis, and statistical data.
Results. The analysis of works by S. Kuznets, T. Piketty, B. Milanovic, E. Atkinson and others enabled to identify modern approaches to inequality and factors that generate it, both at the international and national levels. We also considered the existing methods for measuring various forms of inequality, in particular, income inequality and inequality of opportunity, and identified the most demonstrative ones, depending on the situation and level of development of a particular country or region. The hypothesis about a connection between the introduction of new technologies and the dynamics of inequality was tested. It was found that in the adoption of technologies the leading countries have the largest income gaps among developed countries.
Conclusions. The analysis of statistical data over the past five years has shown that the introduction of new technologies will not only reduce inequality, but increase it.

Keywords: inequality of opportunity, income inequality, Great Gatsby curve, Palm Index, SDG 10

References:

  1. Piketty T. Kapital v XXI veke [Capital in the 21st century]. Moscow, Ad Marginem Publ., 2023, 592 p.
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  3. Atkinson A.B. Inequality: What can be Done? Harvard University Press, 2015, 304 p.
  4. Kuznets S. Economic Growth and Income Inequality. The American Economic Review, 1955, vol. 45, no. 1, pp. 1–28.
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  6. Aleksandrov D.G. [Economic Inequality in the Modern World: Reasons, features and ways of overcoming]. Innovatsii i investitsii = Innovation and Investment, 2018, no. 4, pp. 75–78. URL: Link (In Russ.)
  7. Antropov V.V. [Socio-Economic Inequality in the Modern World: Assessment Tools, Trends and Strategies to Overcome]. Nalogi. Pravo = Economics, Taxes & Law, 2022, vol. 15, no. 3, pp. 21–37. (In Russ.) EDN: GYWMDS

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ISSN 2311-8709 (Online)
ISSN 2071-4688 (Print)

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