Journal of International Conference Proceedings
Vol 5, No 2 (2022): BEFIC Conference Proceeding

Analysis of Factors Affecting Income Inequality in Indonesia From 2016 - 2021

Deni Anggreani Sutomo (Universitas Hasanuddin)



Article Info

Publish Date
01 Aug 2022

Abstract

The purpose of this research is to look at the impact of human resources, minimum salaries, infrastructure, and investment on income disparity in Indonesia from 2010 to 2022. This study employs quantitative descriptive analysis with secondary data spanning the years 2010 to 2022. Data from the CSA and the Ministry of Finance are used in this analysis. Secondary data comprises economic data, particularly GDP figures, as well as scientific papers, books, and journals. Because of its quantitative nature, structural equation modeling (SEM) is applied (combining time series and cross section). This study's model has gone through construction selection and testing to become an estimating model. SEM can be used to determine the relationship between human resources, minimum wages, infrastructure, and investment, and employment, economic growth, and income. The findings indicate that all variables have a negative and significant effect on income inequality. This suggests that improving human resources, the minimum wage, infrastructure, and investment will be followed by a reduction in income inequality in Indonesia.Keywords: Human Resources, Minimum Wage, Infrastructure, Investment, Income Inequality

Copyrights © 2022






Journal Info

Abbrev

JICP

Publisher

Subject

Humanities Decision Sciences, Operations Research & Management Electrical & Electronics Engineering Industrial & Manufacturing Engineering Languange, Linguistic, Communication & Media

Description

JICP is proceedings series that aims to publish proceedings from conferences, in the fields of economics, business, and management research. All proceedings in this website are open access, which means the published articles are permanently free to read, download, copy, and distribute. The online ...