LABOR ECONOMICS
8th Edition
ISBN: 9781260004724
Author: BORJAS
Publisher: RENT MCG
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Chapter 7, Problem 5RQ
To determine
Calculation of Gini coefficient.
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- The following table gives the distribution of the income of the employees of a company Calculate the cumulative percentage of 2000 income. Calculate the Gini coefficientarrow_forwardBriefly discuss what measuring inequality involves, and provide two examples for doing so.arrow_forwardExplain how the Gini coefficient is derived from the Lorenz curve by making use of the graph provided;arrow_forward
- a. What is the Gini Coefficient and how is it useful for a third world country.b. Using the following information provided in the table below, calculate the Gini coefficient for Algura. Population 10 32 15Income per monthper person 2000 96000 1500Total Population 57 c. Calculate the new Gini Coefficient for Algura when income changes as follows: Population 10 32 15Income per monthper person 1200 78000 900Total Population 57 d. As an economist what are some policy recommendation to improve the Gini coefficient for Algura. Do you think enough information was provided to make recommendation.Explain. PLEASE ANSWER D.arrow_forwardWe studied three measures of wage dispersion and two measures of wage asymmetry in the chapter. What are they?arrow_forwardIn Spain what is the divorce rate?arrow_forward
- Which of these is a possible cause of the value of the Gini coefficient increasing from 30 to 35? a. The average age of the working age population increasing. b. A $5000 increase in the income of the median household. c. Falling incomes across all deciles. d. The income of the top 10% rising faster than the income of the bottom 10%.arrow_forwardDefine the term median income?arrow_forwarda. What is the Gini Coefficient and how is it useful for a third world country.b. Using the following information provided in the table below, calculate the Gini coefficient for Algura. Population 10 32 15Income per month per person 2000 96000 1500Total Population 57 c. Calculate the new Gini Coefficient for Algura when income changes as follows: Population 10 32 15Income per month per person 1200 78000 900Total Population 57 d. As an economist what are some policy recommendation to improve the Gini coefficient for Algura. Do you think enough information was provided to make recommendation Explain,arrow_forward
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