Gini coefficient

Wealth, poverty, and social class have been displayed into all parts of the world today. Economist Branko Milanovic’s The Haves and the Have-Nots offers three types of inequalities— differences among individuals in a community, income between countries, and among all individuals of the world. The author talks about income and wealth inequality that exists in several different ways in our daily life through short vignettes and essays, with strong evidence from history and today, in order to…

evolved the military being in power was encouraged in order to overturn democratic regimes and keep labor costs low through political repression. This scenario explains the dramatic number differences between Brazil’s GDP ($2.346 trillion ), and Gini coefficient (52.9 . Although a democratic regime formed in response to the recession, military ministries, along with navy, and aviation ministries still at play in the Brazilian government. Even though military influence may have not been felt in…

By looking at the Gini coefficient 16 countries had seen a rise of 5 points in the coefficient during this time, in specific these were reflected in Finland, Israel, New Zealand, Sweden and the United States. Widening income inequality in lower income levels is significant in its impact on medium-term overall growth. The average inequality growth throughout OECD countries has been recorded at 3 Gini points, this is statistical significant because it estimates…

In the world of poverty, those who are of a lower socioeconomic status or class are more likely to be labeled as the offenders of a crime, compared to the middle and high class citizens. It is a clear motive that economic deprivation or poverty can motivate individuals to commit crime or create the circumstances that serve as a breeding ground for crime. The topic of poverty being correlated with crime can be supported by the modern day criminological theories that have been created over the…

Previous work has shown that economic factors are associated with violent deaths from suicide and possibly homicide. In a pioneering study, Brenner showed that both rates of suicide and homicide rose within a year of increased unemployment, both in the U.S. and the U.K. (1936–1976), reconfirming general mortality observations in the U.S. over longer term (1901–2000)., Additionally, Holinger observed that, over 1900–1979 in the U.S., both suicide and homicide rates strongly and positively…

Germany’s Gini coefficient is 0.27 and its HDI is 0.911, whereas Haiti has a Gini coefficient of 0.59 and its HDI is 0.47. Therefore an economy with more equitable distribution of income would have a higher living standard. Equitable distribution of income could lead to no discrimination within that economy…

AEDECON 4597.01 Term Paper #1 Scott F. McDermott 9/21/14 Brazil- South America As you may have figured out by now, I have chosen to write my series of papers on Brazil. The reasoning that went into my choice was based on the fact that I am heavily involved in agriculture and Brazil has a very heavy agriculture sector. This country which lies on the Eastern part of South America takes up the better part of the continent and borders the Atlantic ocean to its East and Peru to its direct west…

inequality in its regions. It is considered to be the most unequal region in the world. It has been found that two in five people in Latin America live below the poverty line. The Gini index, which measure income inequality with a country, shows how all of Latin America has some sort of income inequality. The results of the Gini index show stagnation in the inequality trend between 2010 and 2012. Latin Americas income inequality has declined but slowly. In 2012 the income inequality declined…

Our society runs rampant with all kinds of inequality. Racism, sexism, and xenophobia are just a few of the problems that plague our world. These problems all have the potential to hurt people socially and emotionally. However, there’s another type of inequality whose impacts go beyond social and emotional harms. Income inequality hurts people psychologically and economically, and its implications span a global scale. Andrew Carnegie writes in “The Gospel of Wealth,” “The problem of our age is…

The government’s role regarding voter ID laws should to make a federal law stating that all needed in order to vote is a social security number. This is because voter ID laws suppress both racial and socioeconomic minorities, and waste huge amounts of money that can be spent making it easier to vote across the whole country, fulfilling the 15th amendment, and ultimately our democracy as well. In addition to the facts regarding how minorities are suppressed through these laws that I have already…