International Journal of Social Science & Economic Research
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Title:
INCOME INEQUALITY, SAVING LEVEL AND ECONOMIC GROWTH IN UAE

Authors:
Bibi Fatimah Shir Agha, Omaima Ahmed, Maryam Mohammed Alfarji, Misbah Sadiq

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1Bibi Fatimah Shir Agha, 2Omaima Ahmed, 3Maryam Mohammed Alfarji, 4Misbah Sadiq
1,2,3,4 . Al Qasimia University, Sharjah, UAE

MLA 8
Agha, Bibi Fatimah Shir, et al. "INCOME INEQUALITY, SAVING LEVEL AND ECONOMIC GROWTH IN UAE." Int. j. of Social Science and Economic Research, vol. 5, no. 7, July 2020, pp. 1651-1666, ijsser.org/more2020.php?id=116. Accessed July 2020.
APA 6
Agha, B., Ahmed, O., Alfarji, M., & Sadiq, M. (2020, July). INCOME INEQUALITY, SAVING LEVEL AND ECONOMIC GROWTH IN UAE. Int. j. of Social Science and Economic Research, 5(7), 1651-1666. Retrieved from ijsser.org/more2020.php?id=116
Chicago
Agha, Bibi Fatimah Shir, Omaima Ahmed, Maryam Mohammed Alfarji, and Misbah Sadiq. "INCOME INEQUALITY, SAVING LEVEL AND ECONOMIC GROWTH IN UAE." Int. j. of Social Science and Economic Research 5, no. 7 (July 2020), 1651-1666. Accessed July, 2020. ijsser.org/more2020.php?id=116.

References
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Abstract:
This study investigates the impact of income inequality on the economic growth through mediating role of saving level. It gives a breakdown of overall income inequality by gender, age, education, and nationality. Study utilized primary data to measure the set objectives. The findings confirm that although overall income inequality is relatively low based on the gender differences, spearman correlation analysis signifies sizeable disparity in income distribution by level of age, education and nationality. Nationality is found to be the most significant inequalityincreasing factor followed by level of education and age and people with high income tend to save more. Furthermore, positive relationship has been approved between income inequality and saving behavior thus economic growth of the country. In addition, saving account comes as the most preferred mode for UAE residents to save their money, and real estate sector is the main driver of economic growth in UAE.

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