Proceedings of the International conference "Economy in the modern world" (ICEMW 2018)

Social inequality in environment of economic growth

Authors
I.F. Gotsulyak, N.V. Ivanova, I.A. Rudaleva, S.V. Markova
Corresponding Author
I.F. Gotsulyak
Available Online August 2018.
DOI
https://doi.org/10.2991/icemw-18.2018.60How to use a DOI?
Keywords
social inequality, income differentiation, welfare level, social policy
Abstract
The existence of socio-economic inequality predetermines the difference in household income. Despite the fact that differentiation of incomes generates a lot of negative phenomena (social instability, inefficient use of resources), it should be noted that moderate differentiation of incomes to certain limits is a positive factor of economic development, since it contributes to the growth of savings in certain population groups, invests in the economy of the country, revitalizing its investment activities. Moreover, income differentiation can act as an economic stimulus, forming a material interest in increasing the efficiency of labor and production, increasing skills, improving the personality. In a market economy, income received as a result of free competition is recognized as fair. At the same time, the market system does not provide an opportunity to obtain a decent income for the elderly, disabled people living in depressed areas or living in times of economic crisis. These people cannot be competitive economic agents. Nevertheless, the humanitarian principles that have become established in a civilized society require that everyone have an adequate minimum standard of living. Thus, the task of the state's social policy under conditions of economic growth is the elimination of those differentiation factors that generate excessive inequality. An important direction in resolving the problem of social inequality is the creation of a quality publicly accessible social infrastructure.
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This is an open access article distributed under the CC BY-NC license.

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Volume Title
Proceedings of the International conference "Economy in the modern world" (ICEMW 2018)
Series
Advances in Economics, Business and Management Research
Publication Date
August 2018
ISBN
978-94-6252-599-3
ISSN
2352-5428
DOI
https://doi.org/10.2991/icemw-18.2018.60How to use a DOI?
Open Access
This is an open access article distributed under the CC BY-NC license.

Cite this article

TY  - CONF
AU  - I.F. Gotsulyak
AU  - N.V. Ivanova
AU  - I.A. Rudaleva
AU  - S.V. Markova
PY  - 2018/08
DA  - 2018/08
TI  - Social inequality in environment of economic growth
BT  - Proceedings of the International conference "Economy in the modern world" (ICEMW 2018)
PB  - Atlantis Press
SP  - 328
EP  - 332
SN  - 2352-5428
UR  - https://doi.org/10.2991/icemw-18.2018.60
DO  - https://doi.org/10.2991/icemw-18.2018.60
ID  - Gotsulyak2018/08
ER  -