Gini coefficient

Given a level of fiscal stimulus one can wonder how to allocate that optimally to reduce as much as possible inequalities in a population. We can rewrite the Gini coefficient formula to make it simpler to analyse. We will now consider that the X suite is sorted in such a way that X is increasing (not necessarily strictly). Also, suppose that the first N terms of X are equals. (Since N can be equal to 1, that is if only the first term is equal to itself, the case we are considering is still the…

A research shows that those who are born from low-income families, for instance, African Americans, are still having an arduous time getting access to the middle class, this is due to the disadvantages they encounter when living in an astronomically perilous neighborhood or going to inferior public schools and constant racial inequality. In many other cases, people who often live in impecuniosity result in unequal opportunities in life. Despite the fact that a person experiencing impecuniosity…

In “For Richer, For Poorer”, The Economist (2012) is about the growing income inequality, which is one of the global biggest social, economic and political challenges, It also examines how this growing inequalities create a wider income gap between rich and poor and suggests some solutions to resolve it. The article mentions, to give the income inequality background that the concern of inequality existed long time ago and became better with the time in the way that the live standards of the poor…

countries on the continent except Chile and Ecuador. Brazil has one of the highest levels of income inequality in the world. Even the trend has been decreasing, the number of inequality from Gini index still reflects the crucial problem of income distribution in the country. Gini index has been slightly increased since 1980 to approximately 1989, it had a sudden drop to the lowest (almost 50) and started to rise after then and decreased gradually.…

Australia and China both adopt a different economic system in exchange for a substantial economic growth to benefit their own nation. China being ranked 2nd in the world’s largest economy employs a command economy, which means the decisions on production and investment is decided upon the government. In comparison, Australia is a highly developed nation with a mixed market economy, meaning that the economy has a certain degree of planning involving the government, but the private sector dictates…

opinion, the government should not raise taxes on those in the top 1 percent of the tax rate because even with the increase in revenues. There is also a possibly in lost in economic growth. Although, Piketty points was convincing, according to the Gini coefficient, raising tax will not have a great effect in reducing the income inequality. To answer this question, we needs to determine the pros and cons to raising taxes on the top 1 percent of the tax rate. To start off, let’s begins with…

The UN has recently drafted a set of Sustainable Development Goals (SDGs) that they aim to achieve by 2030 in different fields such as energy. Indeed, the UN aims to “ensure access to affordable, reliable, sustainable and modern energy for all” (Proposal for Sustainable Development Goals: Sustainable Development Knowledge Platform). Are targets measurable? 7.1 This target can be measured by combining both population and energy consumption data. That way, an energy consumption per capita unit…

harmful and serious problem for a community and government should take some necessary policies to tackle this. Measurable economic inequality can be explained by different families of inequality measures of which two are very popular and convenient – the Gini family and the SD-CV family. Inequality measures in any family may be of three types – relative measure of inequality, absolute measure of inequality and index measure of inequality. Searching the significant reasons/factors for explaining…

This paper will examine the research question of whether or not income inequality increases crime rate. Income inequality can be defined as an unequal distribution of collective or individual income across the populace in a given economy. In conjunction with crime rate, the importance of income inequality is significant. Equality is a critical characteristic for most societies. The increase of inequality specifically in economic terms, creates a greater gap between the wealthy and the…

In medieval Europe, life in the countryside was governed by a system called Feudalism. It is a political and social system based on the granting of land in exchange for loyalty, military, and other services. Kings gave pieces of land to bishops and noblemen. Peasants, who are also known by serfs, worked the land, their only payment was protection and some food (History.com) In Israel, the share of employers in the national income increased over the last decade, and the share of workers decreased…