Income

the the GDP growth rate, Colombia must address ever-present income inequality which is a direct result of the lack of long-term education, infrastructure, and progressive tax reforms. With the third largest population in Latin America, Colombia currently rests as the second most unequal country in Latin America. If the issue of income inequality in Colombia is not resolved, the informal economy will continue to seize a portion of income that could be included Colombia’s GDP, limiting the…

Income inequality has become an area of focus for many industrialized nations around the world. Over the last decade, the awareness regarding this income gap has intensified, leading to the broader question of what causes this disparity in income between the top ten percent of society and the bottom ninety percent. Two nations; the United States and China, have approached the issue of income inequality in different ways. The two most important factors that influence the income gap in these two…

The main question that I will be addressing is ‘How does income inequality impact the health status of a community/individual?’. In the article ‘Effect of Income Inequality on Health Status in a Selection of Middle and Low Income Countries’ written by Elnaz Hajebi and Javad Razmi, it is argued that income inequality reduces the health status in the poorest areas. That is, population in areas with lower socioeconomic status tend to have a much lower health status then areas that are developed.…

Income inequality has been a big issue in the United States for more than two decades now, not only that it is still an ongoing issue in today’s society. Income inequality, also known as economic inequality is the unequal distribution of household or individual income across various participants in an economy. Income inequality is usually always associated with the idea of income “fairness”. In addition, studies show that economic inequality has had a negative impact on the standards of living…

More recently Wilkinson (1996) has proposed that income inequality has a greater impact on individual health than income itself. Income inequality may have some self-sufficient impact on health, or it may function through problems of control and stress this relates to the example from Brown and Harris, 1978, “Parenting on low incomes has been shown to be associated with stress and depression among women” (Citied in Acheson, 1996; 76). Low incomes may lead to withdrawals of essential services…

willingness to provide more effort for an income inequality averse worker, an income structure of an institution should have many steps of incomes and a higher income group who stimulates workers to work harder is necessary. If the sufficient number of the high income workers exists in an institution at any position of workers, like a reverse pyramid structure, relatively lower skilled workers provide more…

In his article “In Climbing Income Ladder, Location Matters,” David Leonhart discusses the various factors that can affect the ability of lower income families and individuals to climb the income ladder to middle or even upper class. He notes that income mobility varies greatly in large cities across the country. A new study showed that climbing the income ladder was much less likely in cities in the Southeast and industrial Midwest, than it was in cities in the Northeast, Great Plains, and West…

and income inequality, whether at the city, state, or national level, are powerful predictors of homicide and violent crime (Blau and Blau 1986; Hsieh and Pugh, 1993).” There are studies that agree and disagree the poverty is contributed to violent crime behavior. The research study by Bruce P. Kennedy, Ichiro Kawachi, Deborah Prothrow-stith, Kimberly Lochner, and Vanita Gupta, are rating homicide rate and poverty relationship using the Robin Hood index. Robin Hood index measure the income of…

At the end of 20th century almost every established and rising countries have shown an growth in income difference both within and between the nations. The important reason for this rising revenue difference was just because of industrial revolution and globalisation in most of nation. With the rising of globalisation nations are sighted rise in the flow of products and services. There is an interchange of assets and labour through the global markets for example people are leaving their…

International Monetary Fund. Their discussion is in regards to income inequality with a global perspective, and does not focus on one country in particular. Their focus is on developing countries and how inequality and income is a pervasive problem. Dabla and colleagues argue that policy makers need to focus on the poor and middle classes when trying to decrease income inequality. Secondly, the article examines several different factors that impact income inequality through economic growth and…