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Meritocratic beliefs and economic growth: A mediating effect of economic inequality
[journal article]
Abstract Meritocratic beliefs are defined as people's beliefs in the importance of hard work in societal success relative to other structural factors. As economic inequality grows, the plausibility of fair meritocracy has been called into a question, especially by those left behind by the supposedly meritocr... view more
Meritocratic beliefs are defined as people's beliefs in the importance of hard work in societal success relative to other structural factors. As economic inequality grows, the plausibility of fair meritocracy has been called into a question, especially by those left behind by the supposedly meritocratic systems. Using data from the inequality module of International Social Survey Programme (ISSP), we find that a stronger belief in meritocratic values is associated with higher levels of inequality. Furthermore, our findings demonstrate a positive link between meritocratic beliefs and economic growth, with some indications that this relationship is mediated by inequality. From a policy perspective, this suggests that when efforts to engineer more equal outcomes in societies undermine the rewards of meritocracy, it has the potential to impede economic growth.... view less
Keywords
meritocracy; achievement-oriented society; inequality; microeconomic factors; growth; economy; economic growth; ISSP; social inequality; labor
Classification
Sociology of Economics
National Economy
Free Keywords
Economic inequality; Economic growth; Mediation analysis; International Social Survey Programme: Social Inequality I - ISSP 1987 (ZA1680); International Social Survey Programme: Social Inequality II - ISSP 1992 (ZA2310); International Social Survey Programme: Social Inequality III - ISSP 1999 (ZA3430); International Social Survey Programme: Family and Changing Gender Roles III - ISSP 2002 (ZA3880); International Social Survey Programme: Social Inequality V - ISSP 2019 (ZA7600)
Document language
English
Publication Year
2023
Page/Pages
p. 1-9
Journal
Asia and the Global Economy, 3 (2023) 2
DOI
https://doi.org/10.1016/j.aglobe.2023.100072
ISSN
2667-1115
Status
Published Version; peer reviewed
Licence
Creative Commons - Attribution-Noncommercial-No Derivative Works 4.0