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Lecture Notes 8: Income Distribution and Income Inequality PDF

37 Pages·2020·English
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by ['Mansab Raja Khan']| 2020| 37 pages| English

About Lecture Notes 8: Income Distribution and Income Inequality

This document discusses income distribution and income inequality. It begins by explaining why the distribution of income is important, as it relates to poverty levels. More unequal distributions mean more poverty for a given average income level. The document then provides data on income distribution in the US by quintiles. It introduces the Gini coefficient as a measure of income inequality and applies it to US data. The document discusses Simon Kuznets' hypothesis that inequality may initially rise with development before falling, tracing an inverted-U shape. It examines sources of inequality such as differences in human capital, location, skills. The rise in US inequality since the 1970s may be partly explained by technology and trade. Inequality can potentially increase growth by raising savings rates

Detailed Information

Author:['Mansab Raja Khan']
Publication Year:2020
Pages:37
Language:English
Format:PDF
Price:FREE
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