Metric

Objective Description In the year 2000, the American Museum of Natural History posted an essay as an online resource, Profile: Georges Lemaître, Father of the Big Bang. An excerpt from Cosmic Horizons: Astronomy at the Cutting Edge. It was edited by Steven Soter and Neil deGrasse Tyson. The profile begins with a simple explanation of the expanding universe and how Georges Lemaître published his mathematical findings that today we know as the Big Bang theory. Soter and deGrasse Tyson provide…

Both having a strict communist past, Russia and China can be considered Comrades. While the two share similar economic policies and political ideals, they have gone on separate paths since the late 20th century, some changes being more capitalism and others not. Government influence is in essentially all markets, and the fiscal policies set by Russia and China and patron-clientelism are no exception. Fiscal policies dictate how much the government spends and how much it taxes. A key difference…

Income Gap Inequality: A Dividing Problem - Literature Review Introduction Income inequality is a pressing issue for many economists, researchers, and politicians. The gap between the top 1% and the other 99% of Americans has increased for the past three decades (DeSilver; Cobb; Milanovic; Hatch, Ribgy; Jacobs, Dirlam; Cooper, Palumbo, Lutz). Income inequality is defined as the uneven distribution of income in the population, and the gap between the wealthy and everyone else (Priester,…

We are divided. As much as we strive to become one, there are puzzle pieces that will always come together to remind us that we are not. The gap between the upper-income brackets and the middle-income brackets are as far apart as ever. The Pew Research report shows us, “In 2013, the median wealth of the nation’s upper-income families ($639,400) was nearly seven times the median wealth of middle-income families ($96,500), the widest wealth gap seen in 30 years when the Federal Reserve began…

Introduction Crime is an activity that degenerates the economic level of the country and, therefore, crime reduction is high on the public agenda. According to a recent research, the United States itself loses between $300 billion and over $1 trillion each year due to criminal activities (Anderson , 2006). Despite the measures that have been put in place to combat the vice, not much have been achieved, and the level of crime is still soaring higher. It is, therefore, important to first…

Government taxation and government benefits attempts to push the curve inward. Lorenz curve measures income equality distribution. The Gini coefficient measures the area between the 45-degree line and the Lorenz Curve divided by the entire area between the 45-degree line, where 0 equals absolute even distribution of income/equality. With that said: 1. Table 4.2 shows that Gini coefficient has increased from .349 in 1970 to .469 in 2005, indicating that income inequality in the has been a.…

Perception is reality. The American dream is just that, one’s perception on how they perceive to be successful. Our nation was built on the idea of this so called “American dream”. But, as the times have changed; is the American Dream really still accessible in today’s societies? In the article, “Confronting Inequality” by Paul Krugman, the author claims that the American Dream is no longer obtainable for most Americans due to the extreme levels of income inequality. The belief of protecting…

Income Inequality in America Holding the seventh spot among all nations, America is one of the richest, and most diverse countries in the world, with a per capita of $51,248.21 as of 2013. Although being among the wealthiest nations, America still faces a huge significant problem of income inequality, which is considered one of the biggest problems facing its citizens. The nation is more likely to be ruled by richest one percent over the coming decades, as indicated by various expert…

What causes income inequality has always been a very challenging question. In fact, education has been argued to be one of the leading factor influencing income inequality. Though, most researchers agree on the importance of education as a reason, still some theoretical studies question it. Earlier work from Ram (1989) shows, education is closely related to income distribution in advanced developed countries. Becker and Chiswick (1996) (using panel sets in the United States) suggest a positive…

The United States classifies our hierarchical class structure by the income brackets individuals reside in. These brackets rank the poorest poor to the most elite. The basis of the levels is on income, wealth, education, and occupation. The sections of a pyramid sort the classes into their group, with the majority of the population concentrated towards the lower levels. Political and economic power is fixated in the smallest socioeconomic bracket occupied by America’s wealthiest and most…