Partition coefficient

Is the popular saying “the rich get richer and the poor get poorer” really true? In the America, also known as the land of opportunity, there are infinite ways for a person to become successful. Here, you can come into this world into poverty and leave with riches and vise versa. In America, people of any status have the same opportunities to make it big and live a life that has been always been dreamt of. This is what we are forced to believe and convince ourselves in order to keep society in…

Economic growth is the change of national income usually measured by real GDP(gross domestic product). Economic growth rates have fluctuated over the years and closely been related to economic construction and expansion regarding employment, inflation. Especially, sustainable, high economic growth is one of main objective pursued by most of governments. There is global hot issue associated with economic growth. Recently, China recorded 6.8% of GDP which is lowest figure since 2009 and has…

The concept of genocide when discussed on the global landscape is highly scrutinized because it depicts heinous crimes on humankind and it typically reflects a country’s inability to grow their GDP, lower the poverty line or decrease the Gini coefficient. The notion that Bangladesh has been able to overcome adversity and increase their overall GDP and citizen well-being is astounding in the short…

1.3 billion, 1.2 billion, 186 million. The respective populations of China, Qin Zhang’s country, India, Abdul Hussein’s country and Nigeria, my country. China has a Gross Domestic Product (GDP) output of $19.7 trillion and India has a GDP output of $7.9 trillion . These numbers indicate that these two countries have the strongest economies in Asia while Nigeria with a GDP output of $1 trillion holds the title of the strongest economy from the African continent. This zoomed out view allows us…

health(Mcgrail et al., 2009, pg.1856). This index ranges from -0.03 and 1 an is determined by a test that asks the individuals a series of questions that covers many fields of human life(Mcgrail et al., 2009, pg.1856). The study also used the Gini coefficient for general health measurement of the population in question. One of the main results the study found is that the Unites states had a lower average health then Canada did. The United States had a Human Utility Index score of 0.881 while…

Cuba, on the other hand, is a communist dictatorship. The Castro brothers took power in 1959, and implemented a communist regime. Throughout the beginning of the regime, Cuba was supported economically by the Soviet union, which enabled them to prosper (Prieto). Since Fidel Castro’s death on November 25th, many people have been both celebrating his death while examining the brutality of the regime and reflecting on the good that it has done for social programs. Dom Phillips and Joshua Partlow of…

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…

America takes pride in believing that it is one of the most successful democratically governed countries. The concept of the American dream is that every US citizen has an equal opportunity to achieve success and prosperity. However, the validity of this ideal is being threatened by increasing inequality in the United States. Despite the Civil Rights Movement, which helped to change the viewpoints regarding various races, and the Women’s Rights Movement, which aided equal rights between genders,…

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…

keen to do this research, as no research in this domain was attempted before. They focus on various channels (education, GSP/capita, income) through which corruption may affect income inequality. They undertake an empirical research where the Gini coefficient is a dependent variable and channels of corruption act as the independent variables. They include the dummy variables as well (expenditure, net income and spending unit). They estimate this model using the OLS in a cross section of…