Two-Factor Model of Stratification of the Population of the Republic of Kazakhstan “Income”—“Quality of Life Index”

Abstract

There are acute problems of income inequality and poverty around the world. In each particular case, it is important to study the causes and to develop mechanisms for their elimination. In Kazakhstan there have been many attempts to study poverty, but there have not been studies of groups near poverty or at risk of becoming impoverished. This paper presents a model of classifying the population into four groups according to two factors: income and quality of life. The study of each group’s profile can assist in the development of an effective social policy strategy on the basis of targeted support for each group through the consideration of their needs. It could help Kazakhstan to resolve issues of poverty and income inequality and increase the level and quality of life of the population.