Changes in wealth inequality in the modern European-American civilization

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dc.contributor.authorČižo, Edmunds
dc.contributor.authorMietule, Iveta
dc.contributor.authorKokarevica, Anita
dc.contributor.authorOstrovska, Inta
dc.contributor.authorKomarova, Vera
dc.contributor.institutionDepartment of Public Health and Epidemiology
dc.date.accessioned2023-08-09T09:05:01Z
dc.date.available2023-08-09T09:05:01Z
dc.date.issued2023
dc.descriptionFunding Information: ACKNOWLEDGMENTS The article has been developed with the financial support of the project “Transformation of Educational Value for Cultural and Economic Growth of Social Community (IzVeTSKKEI)”, Nr. Izp-2020/1-0178 Publisher Copyright: © 2023, Institute of Eastern Europe and Central Asia. All rights reserved.
dc.description.abstractThis article aims to analyze changes in wealth inequality in the modern Euro-American civilization (EAC). The research object includes the USA, Western Europe, Latvia, Ukraine, and Russia. A tool for measuring and comparing wealth inequality is through statistical deciles: the top 10% (including the top 1%), the middle 40%, and the bottom 50% of the population. The time points used for diachronic analysis are: 1995 and 2021. The data source is the World Inequality Database. The results of this study show that in different parts of the modern EAC, there are different trends of changes in wealth inequality: from rapid concentrating to deconcentrating. The USA and Russia are vivid examples of similar (rapidly increasing) wealth inequality, with a very strong wealth concentration, although the average per adult national wealth in the USA is 4-5 times higher than in Russia. Latvia and Ukraine represent an intermediate option between Western Europe and the USA/Russia, which differ from each other in the cultural dimensions of Hofstede. The authors see the multipolarity of the modern EAC, split into the original, European, civilization and two peripheral ones – American and Russian, which are similar in terms of wealth inequality in society, but different in cultural values.en
dc.description.statusPeer reviewed
dc.format.extent16
dc.format.extent478589
dc.identifier.citationČižo, E, Mietule, I, Kokarevica, A, Ostrovska, I & Komarova, V 2023, 'Changes in wealth inequality in the modern European-American civilization', Journal of Eastern European and Central Asian Research, vol. 10, no. 3, pp. 439-454. https://doi.org/10.15549/jeecar.v10i3.1217
dc.identifier.doi10.15549/jeecar.v10i3.1217
dc.identifier.issn2328-8272
dc.identifier.otherunpaywall: 10.15549/jeecar.v10i3.1217
dc.identifier.otherMendeley: f64c9de1-0c2a-333b-8495-c53226093efd
dc.identifier.urihttps://dspace.rsu.lv/jspui/handle/123456789/14534
dc.identifier.urlhttp://www.scopus.com/inward/record.url?scp=85162056143&partnerID=8YFLogxK
dc.identifier.urlhttps://www.mendeley.com/catalogue/f64c9de1-0c2a-333b-8495-c53226093efd/
dc.language.isoeng
dc.relation.ispartofJournal of Eastern European and Central Asian Research
dc.rightsinfo:eu-repo/semantics/openAccess
dc.subjectdiachronic analysis
dc.subjectEuro-American civilization (EAC)
dc.subjectmultipolarity
dc.subjectstatistical deciles
dc.subjectwealth concentration
dc.subjectwealth inequality
dc.subject5.2 Economy and Business
dc.subject1.1. Scientific article indexed in Web of Science and/or Scopus database
dc.subjectBusiness and International Management
dc.subjectFinance
dc.subjectEconomics and Econometrics
dc.subjectStrategy and Management
dc.subjectOrganizational Behavior and Human Resource Management
dc.subjectMarketing
dc.titleChanges in wealth inequality in the modern European-American civilizationen
dc.type/dk/atira/pure/researchoutput/researchoutputtypes/contributiontojournal/article

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