CitationDidenko, Dmitry V. (2012). Income inequality and systemic transformations: long-term trends of human capital private returns. The Journal of Comparative Economic Studies (JCES), 7, 53-88.
AbstractThe article discusses income inequality dynamics, which is assumed to act as a proxy for long-term trends in private returns on human capital. The author’s research has found grounds to argue that the wage differential dynamics in Soviet-era Russia did follow international trends while the country failed
to extend the knowledge sector share in its national economy. The author compares his empirical findings of the Russian case in an international context with the economic hypothesis usually referred to as the Kuznets curve. The author argues that income inequality tends to increase during the transitional stages of economic and social systemic transformations and subsequently moderates during
the evolutionary stages of steady development.