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Tag Archives: income inequality
Predicting Obama Victory in Each County with the Gini Coefficient
Now that the presidential election is over there’s a lot of reflection and analysis of the electoral and popular vote. Some of the presidential campaign disagreements centered around income inequality yet I fail to see any analysis of the impact … Continue reading
Inequality Deniers: Consumption Offsets Income Inequality. What Does the Evidence Say?
Inequality deniers claim that income inequality metrics exaggerate inequality because consumption inequality has decreased. In other words, the poor have refrigerators so things aren’t as bad as some think. (Sorry about the sarcasm.) What does the evidence say? Research by Attanasio, … Continue reading
Posted in Income Distribution, Inequality, Socio-economic Status
Tagged consumption, income inequality, inequality
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New Study Ranks Presidents on Economic Performance
A new study from Georgia Institute of Technology grades U.S. presidents on economic performance. Taylor (2012) analyzed up to 220 years of data, 1789 to 2009, to estimate an economic “grade point average” for each president. Economic performance was measured with the following metrics: Economic growth … Continue reading
The Causes of Income Inequality
Numerous scholars have identified various factors associated with growing levels of income inequality. This is a summary of some, not all, of the more prevalent evidence-based studies. Stock Market, Rise of Financial Sector and Finance Driven Technology Boom. Galbraith (2012) places a … Continue reading
Posted in Economy, Income Distribution, Inequality, Socio-economic Status, Taxes, Wealth
Tagged capital gains, decline of unions, dividends, financial sector, foreign trade, Galbraith, income distribution, income inequality, inheritance, marginal tax rates, Piketty, Saez, stock market, technology boom, wages
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How Equal or Unequal is Your County in Income Distribition?
The following graph depicts inequality in income distribution using the Gini index, measuring household income inequality for counties in the United States, based on American Community Survey data pooled from 5 years (2006 to 2010). Recall the Gini index varies … Continue reading
It’s All Connected: Inequality, Trust, Fairness and Happiness
Another Study Confirms Inequality Matters Despite great increases in GDP American’s over the past 50 years do not report being more happy. In other countries a direct relationship between economic growth and happiness has been observed but not in the … Continue reading
How Much of the Wage Gap is Explained by Cheap Foreign Labor?
It’s taken for granted today that when an aggressive country with a large pool of cheap labor sells lots of goods to America with a much higher paid workforce, the result will be to lower wages in America. This proposition, formerly … Continue reading
Inequality Linked to Mortality in U.S.
A Ohio State researcher has found a link between national level income inequality and individual mortality in the U.S. The adverse mortality effect does not occur immediately but its impact is observed 5 years later, peaking at 7 years, and … Continue reading
Income-Education Achievement Gap is Now Nearly Twice as Large as the Black-White Achievement Gap
We know the income gap in the U.S. has widened over the past four decades. Is this widening of income inequality related to the achievement gap between students in high and low-income families? Sean Reardon, a professor at Stanford University, … Continue reading