Abstract
The prime objective of the research is to examine the factors influencing both the alteration in the income distribution and the relative change in the incidence of poverty in the regions of Russia. The list of the identified factors/determinants includes economic, demographic, and infrastructural factors. An econometric model, indicating the relationship between the explanatory variables with both the income inequality index and the relative poverty proportions in Russian regions has been provided in this article. The determinants that cause variations in the income inequality and poverty of a country such as social mobility, average life expectancy of urban women, life expectancy of rural men, the number of university graduates, etc. have also been specified in this study. The analysis was executed based on a dataset of 72 Russian regions for the period between 2012-2017.
Highlights
The issue of income inequality and its functional and ultimate distribution has always been one of the traditional fundamental problems of economic theory
We utilized explained variables to study the indicators that influence both income inequality and the relative number of poor people in Russia's regions, because they are principally significant for the country's development, in terms of both the economic and the socio-demographic spectrum
In order to build the models, we decided to use the same explanatory variables to investigate whether the same indicators affected the problems of income inequality and the relative level of poverty
Summary
The issue of income inequality and its functional and ultimate distribution has always been one of the traditional fundamental problems of economic theory. Income inequality emerges as a consequence of commodity production and the division of society into classes This inequality has deepened with the development of social relations. Many economists have dedicated years of hard work and study to the analysis of the problem of poverty in Russia and the possible ways to combat it. Still this concern remain relevant till date due to the fact that there are many interpretations of the solutions to the problems related to the generation, allocation and redistribution of income, and determining the actual cause behind the increase in the number of poor people. The authors examine the possible factors that influence inequality and poverty, gather and assemble the data into a database, present models of the implications of regional indicators on inequality and poverty, and at the end conduct a comparative analysis of the impact of these factors and make suitable conclusions based on them
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