We also show that the size of the fiscal consolidation program (in percentage of GDP) has an impact on income inequality. In particular, when consolidation plans represent a small share of GDP, the income gap w
Like the late Hans Rosling, I say: look at the data and the larger trends. Extreme poverty and hunger have declined, global income inequality is high, but declining, the number of armed conflicts has declined, gender inequality is on the agenda, the rights of LGBT people are ...
While these advancements can lead to economic growth and job creation, they can also result in job displacement and income inequality. It is essential to navigate these advancements carefully to ensure a balanced and inclusive global economy. The Butterfly Effect: How Small Changes Can Have Big Co...
Globalization is not a new phenomenon. What is the definition of globalization? Give an example of the global economy. How does that impact globalization? Globalization has created an interrelated world economy that is beneficial for all countries across the world. Explain the effe...
Earnings inequality, caregiving expenses and other factors can negatively impact women's retirement savings.
The impact of income on mental health The Lancet Public Health, Volume 7, Issue 6, June 2022, Pages e486-e487 Laura Shields-Zeeman, Filip SmitView PDFSummary Background Lower incomes are associated with poorer mental health and wellbeing, but the extent to which income has a causal effect ...
Inequality refers uneven distribution of resources within a country. Inequality can be in terms of gender, social class, and income gap. The United States is one of the nations that has faced inequality since the resources within the economy were unevenly distributed am...
“It’s a lot.” Gender inequality is alive and well in the home. Studies conducted over the past few decades show that men are more involved in parenting than they were in the 1960s, but mothers still spend twice as much time on parenting duties—even in dual-income households. And ...
Artificial intelligence is expected to contribute more than$15 trillionto the global economy by 2030, as per PwC’s report. North America and China will likely account for about 70% of the global economic impact. Enhances Lifestyle Artificial Intelligence has grown from a science-fiction concept ...
The ongoing COVID-19 pandemic has highlighted the vast differences in approaches to the control and containment of coronavirus across the world and has demonstrated the varied success of such approaches in minimizing the transmission of coronavirus. Whil