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EVALUATION OF HEALTH INFLUENCE UPON AN INDIVIDUAL’S INCOME

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Pauhofová I., Bukharbaeva L., Egorova Y.
Ekonomický časopis (Journal of Economics)
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2018
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vol. 66
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issue 10
1051 – 1064
EN
Health is a constituent part of an individual’s human capital. Health is interrelated with other constituent parts of human capital including education and experience determining this capital’s efficiency that is an individual’s income. This study of interrelation between health and future income of an individual resulted in a posteriori estimate of the economic consequences borne by changes in the health of an individual. We paid special attention to building variable-based health indices as their objectivity is crucial to obtaining correct simulation results. The results obtained reveal that good health positively influences future income of an individual.
2

MEASURING OF INEQUALITY OF OPPORTUNITY: PARAMETRIC APPROACH

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Pauhofová I., Bukharbaeva L., Ibragimova Z., Frants M.
Ekonomický časopis (Journal of Economics)
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2020
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vol. 68
|
issue 5
455 – 476
EN
This paper measures the contribution of opportunity inequality to inequality of income and earnings in the Russian Federation, using a parametric approach. The paper uses the data from the 20-th round of the Russian Longitudinal Monitoring Survey – Higher School of Economics, which is a series of annual nationwide representative surveys. The calculations were made for each of the three age cohorts in order to assess the contribution of opportunity inequality to inequality of income and earnings and their changes over time. According to the results obtained by our research team, the contribution of opportunity inequality to income inequality in Russia is 11.51%, and it quite significantly varies across different age cohorts. The contribution of opportunity inequality to inequality of earnings is somewhat greater – 16.32%, but is almost the same for all age cohorts. The results also reveal that throughout all age cohorts, the influence of inequality of opportunity upon inequality of income and earnings is mostly due to the direct impact of circumstance-factors upon an individual’s income and earnings, and not due to their influence upon an individual’s education level.
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