The economic, socio-political transformation influenced the mechanisms and nature of making state, regional local decisions, and also contributed to a change in the direction and strength of the impact of risks in the system of which complex processes are taking place. So, some risks weaken, others increase, some are modified, new types of risks appear. The transformations taking place in society directly affect the state of the labor market and the incomes of the population of the regions. The asymmetry in income creates the preconditions for changes in socio-economic development, which affect the possibility of realizing human capital in general. In this regard, there is a need to develop theoretical, methodological and practical provisions for the identification, prevention, and minimization of risks. The article proposes, on the basis of the hermeneutic approach, to establish the essence of the “risk” category in the context of the asymmetry of incomes of the population of the regions, which, unlike other approaches, allows us to reconstruct the general provisions in a manner compatible with modern economic theory and the area of one’s own scientific interest. The theoretical basis of hermeneutics has been formed. The author’s interpretation of risk hermeneutics is offered. The hermeneutic model of risk interpretation in the context of income asymmetry of the population of the regions is presented. A review analysis of the original texts of domestic and foreign authors of different periods, and scientific fields, regarding the interpretation of the concept of “risk” is carried out. A synopsis of the “risk” category is presented, on the basis of which general provisions are highlighted and a hypothesis is put forward, the author understands of the essence of risk, taking into account the asymmetry of income. Analyzed are the scientific interpretations of the understanding of the essence of risk by modern authors who have been studying the regional distribution of incomes of the population. The author’s definition of risk is compared with the interpretations of other scientists. Statistical and empirical substantiation of the hypothesis is carried out. The author’s vision of the essence of the “risk” category in the context of the income asymmetry of the population of the regions is proposed.
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