Economics Essays on the causes and consequences of income inequality HARVARD UNIVERSITY BarenboimIgorIncome inequality is at the heart of economics because it is intimately related to the design of incentive based schemes. The feature that makes this topic yet more interesting is the political economy...
distribution of income: regions with high concentrations of manufacturing activities typically have lower levels of inequality, whereas regions with high concentrations of tertiary services, arts, and entertainment, as well as knowledge-intensive business services tend to have higher levels of inequality. ...
What are the main causes of inequality in the distribution of income? What solutions to poverty do you think would be most successful? What are the best ways of reducing poverty? How does the U.S. government define poverty? Define the Human Poverty Index (HPI). How does it measure poverty...
What are the problems of income inequality in the U.S. economy? What clears the market of a binding minimum wage? What would be the impact of raising the federal minimum wage on a firm? What might be one effect of government legislating wage rates?
of the unequal provision of public goods and services, particularly in non-democratic regimes I argue and empirically show that if a government's policies, particularly in education provision, increase inequality of opportunity among citizens, they then engender greater resentment about income inequality...
inequality-generating process that leaves disadvantaged individuals and countries behind acts to put everyone—rich and poor—at risk. It is time that we ensure the equitable distribution of this life-saving benefit. As the fundamental cause and diffusion of innovation theories help illuminate processes...
Using a newly‐developed methodology, we use data from Korea's Occupational Wage Surveys to quantify the importance of various factors that have contributed to the fall in labor income inequality in Korea. We find the most important factors explaining the level of income inequality are job tenure...
Income inequalityCausalityIn past decades, a relevant strand of literature has found corruption to be an important determinant of income inequality. In this paper, it is argued that a reverse causal relationship between corruption and income inequality might exist. We claim that income inequality ...
Inequality and the redistribution of income is a common example of an equity-efficiency tradeoff. Understanding the Equity-Efficiency Tradeoff An equity-efficiency tradeoff results when maximizing the efficiency of an economy leads to a reduction in its equity—as in how equitably its wealth or income...
Part of the Series Understanding Income Inequality Investopedia / Laura Porter What Is Poverty? The term poverty refers to the state or condition in which people or communities lack the financial resources and other essentials for a minimum standard of living. As such, they cannot meet their ...