Income inequality metrics

being the speaker for the HeForShe campaign, she is truly passionate about this issue and she makes it apparent that even through failure and judgment on her publicized opinion she still manages to fight for this cause in hopes of resolving gender inequality for…

In 2009 Mr. Abramsky published 'Breadline USA ' that described hunger in low-income families and the detrimental impact of the financial crisis on their nutrition and its dire consequences on health, growth and development. Since then, things have gotten worse and "Poverty in America is back with a vengeance" when compared to Michael Harrington 's chronicle of poverty in the 1960s (The Other America). Abramsky builds on his previous book with this unvarnished realistic indictment of American…

education, information, clothing, shelter and access to services (Unesco, 2016). The other term relative poverty, defines poverty in the economic condition that people lack in order to maintain the standard living in the society. It focuses on the income and consumption aspect. But there is also a third perspective of poverty, which is the capability perspective. This is the lack of self-empowerment, the human development, not having the capability being able to take care of yourself due to lack…

The rich are getting richer at a faster rate than the lower income groups can catch up, which has led to a rise in inequality. Although the inequality Australian’s face today is less than what Americans do, they have a similar level of income inequality as Portugal, Japan, Greece, and New Zealand (OECD, 2013). Income redistribution helps alleviate this to some extent, but it is worthwhile to note that Aboriginals are on average poorer and…

living below the poverty line (Census Bureau, 2014), and these individuals have financial issues, along with issues maintaining material wants and needs, when viewed by society. However, from a psychological perspective, poverty is “an outcome of inequalities that render certain demographic groups more vulnerable” (APA, 2001). For children, poverty can lead to unequal opportunities compared to their wealthier…

poverty. On the one hand, the authors analyze the poverty index and income per capita using the elasticity of poverty with respect to income per capita, in order to study the relationship between economic growth and poverty.…

Today, unfair treatments have been gradually emerging in the world due to the rising inequality. The government attaches great importance to issues which are led by growing inequality due to they grow increasingly serious. To be specific, there are three main challenges which are produced by increasing inequality, is faced by the government: the growing inequality hinders the development of the economy, evokes political concerns, and generates the social difficulties. The increasing…

INEQUALITY AND ITS CAUSE AND EFFECTS What is income inequality? It refers to unequal distributions of income. Close to 1 billion people live on less than 1 dollar per day at purchasing power parity and around 2.7 billion (40 percent of world populations) live on less than 2 dollar per day Income inequality is of major concern because it leads to economic inefficiency. This is mostly due to the fact that at higher levels of inequality, smaller fraction of population qualifies for a loan or…

Soares et al. (2008) for example, noted that beneficiaries of the Paraguayan Tekoporã cash transfers programme did not spend all their grants on consumables, but saved some and invested them in income generating activities. According to Soares et al., the beneficiaries invested in both farm and non-farm enterprises. Similarly, Mutambara (2011) reports that in Zimbabwe, beneficiaries of the cash transfer scheme also invested some of their stipend…

The United States is known to be one of the richest countries in the world, yet the struggles of poverty affect many of our citizens. This issue has become very controversial, as everyone has their own opinions on the topic. Debates have been made on whether it is an economic or cultural problem. Many people believe that we should aid the poor to help them rise above the poverty level, but many are convinced that those who are poverty-stricken became that way on their own and should not receive…