022 How does income affect childhood brain development Kimberly Noble 11:48 023 How I unlearned dangerous lessons about masculinity Eldra Jackson 11:23 024 How I'm making bricks out of ashes and rubble in Gaza Majd Mashharawi 10:46 025 How storytelling helps parents in prison stay connect...
Inequality aversionRedistributionWe investigate the effects of inequality aversion on equilibrium labor supply, tax revenue, income inequality, and median voter outcomes in a society where agents have heterogeneous skill levels. These outcomes are compared to those which result from the behavior of ...
How Does Inequality Affect Long-Run Growth?Inequalityentrepreneurshippanel dataThis article shows that countries with higher historical levels of income inequality, dating back to the early 1800s, experienced lower rates of growth centuries after in terms of number of firms created, number of employees...
aWe construct a simple model to illustrate how income inequality could affect consumption due to the status-seeking motive. In our model, an individual lives for two periods, and there is some exogenously given income in the first period, Y1. He consumes C1 and saves S=Y1-C1 in the first...
The standard of living is derived from per capita GDP, determined by dividing GDP by the number of people living in the country. On a broad level, GDP can, therefore, be used to help determine the standard of living. However, economists often make adjustments to GDP,such as using real GD...
2. So if GDP growth rates are much lower than current consensus and even much lower than what most analysts would consider a “hard landing”, does this mean – especially if China’s economy is, as theNew York Timescalledit, “the world’s main growth engine in recent years” – that...
Those with access to good education throughout their lives are usually healthier than people without. Education gives you a chance at upward mobility, which can allow you to get to a better financial situation to access quality health care. Education also allows you to stay informed about how ...
Collective guilt (inequality) This type of guilt is derived from a person’s perception of justice and right from wrong. When you feel bad about imbalanced circumstances, like racial discrimination or sexism, and perceive you are not contributing to improving them, you may feel coll...
Elements of Inequality A History of Income Inequality in the United States How Education and Training Affect the Economy CURRENT ARTICLE Work Experience vs. Education: What's the Difference? Unemployment Rate by State Can a Family Survive on the U.S. Minimum Wage ...
The ideals of the American dream are motivating, including the freedom to be in charge of one's own life. Cons The reality of the American dream often falls short of the idea itself. As income inequality has increased, the American dream has seemed less attainable. ...