Lorenz curve

For this final reflection for Intro to Sociology, I will cover several topics that I learned throughout the course of this class. I will cover topics that I can relate to as well as those that I can’t. Part of the reason this class is so important for students to take is so that we can take the outlook of others and allow it to possibly change the views that we have on certain topics. Topics such as culture, race and ethnicity, gender stratification, and education are a part of our daily life

To ensure that this effect was not due to demographic factors, I ran a linear regression model with an index of attitudes towards income inequality. The index is comprised of responses to three survey questions. The first survey question asks, after respondents are shown a graph charting the top and bottom twentieth percentiles of average household income over the last forty years, “It is good, bad, or neither good nor bad that the difference between the top and the bottom incomes has changed in

The literature on equality dated back long ago and was more of a statistical issue prior to Rawls’ philosophical contribution. The Rawlsian philosophy was based on providing justice beyond maximizing the civil liberties. His idea – ‘difference principle’ -was to make people equal by having a set of institutions that allocate the worst off individuals the maximum level of ‘primary goods’. He viewed, in this regard, primary goods as the goods necessary for the success of any life plan and hence ensuring

Reaction Paper 3. The Politics of Preventable Deaths: Local Spending, Income Inequality, and Premature Mortality in US Cities. The article focuses on juxtaposing income inequality and premature mortality rate, with several variables. These are: “percentage in poverty”, “percentage non-Hispanic Black”, “Income inequality measured by the Gini coefficient”, “city financial expenditures” “mayoral type” and “party affiliation” (Ronzio, Pamuk, Squires 176). In their survey of the existing literature

“We can either have democracy in this country or we can have great wealth concentrated in the hands of a few, but we can’t have both.” This is a compelling quote spoken by Louis Brandeis, who was U.S. Supreme Court Justice and lived from 1856 to 1941. His words illustrate the ever-growing issue of inequality that has existed in this country for many years. Being aware of and understanding the changing rates of income inequality in the U.S throughout history is crucial in order to progress by making

Redistribution of Wealth American citizens who achieve success do so by earning their income through hard work and determination. These are the kind of Americans who should be the role-models for those many citizens who choose to do nothing to earn money and who are unemployed collecting some sort of assistance from the government. The United States is a fast paced, highly technical, and ever changing country that has many policies, regulations, and programs to help those who choose not to help themselves

Economic inequality refers to how economic metrics are distributed among individuals in a group, among groups in a population, or among countries. Economists generally think of three metrics of economic disparity: wealth, income, and consumption. Some studies have emphasized inequality as a growing social problem. Too much inequality can be destructive, because income inequality and wealth concentration can hinder long term growth. Early statistical studies comparing inequality to economic growth

Research linking consumption patterns and wealth accumulation has focused on the US (Gourinchas and Parker, 2002; Cagetti, 2003). However, given the large difference in capital to income ratios between the US and UK (Piketty and Zucman, 2014), it is possible that UK wealth accumulation dynamics differ from those in the US. Hence, the strength and timing of the precautionary and life cycle savings motives in the UK require further exploration. However, UK data on wealth are ``seriously incomplete

The poverty rate amongst the elders in Korea’s especially aging population is very high, it has been a very high contributor to income inequality over the past few decades . As of OECD reports in 2011 have indicated 49 percent of the population above the age of 65 lived in relative poverty. The figure in Korea is extremely high compared to the OECD average which is 13 percent. The BOAP was introduced relatively late in 2008 which covers roughly about 70 percent of the population with the benefit

The studies have shown that 62 percent of the world population has a worsening in the distribution of income. Income distribution is one of the reason economist believe the Samuelsson model is still an hypothesis and have not been able to be proven as more of the world engages in trade. With there being different ways to measure distribution income most of the data collected is confusing to economist. Data from the World Bank show that 2.8 billion people live below the poverty line. Changes in income