Analysis of Income Inequality
Location
CSU 201
Start Date
18-4-2016 3:15 PM
End Date
18-4-2016 4:15 PM
Student's Major
Economics
Student's College
Social and Behavioral Sciences
Mentor's Name
Kwang Woo Park
Mentor's Department
Economics
Mentor's College
Social and Behavioral Sciences
Description
Over time have been addressed many possible impact of of income inequality increasing. In this paper we choose to measure the effect of changes in structural national income state by state tax systems on observed and actual income inequality.The measurement method employed in order to assess the trend over the last decades is the income assessment before impact of taxes and the ten percent holders of the national income.The share of total income earned by the top 1 percent of families was less than 10 percent in the late 1970s but now exceeds 20 percent as of the end of 2012.After the Great Recession ended in mid-2009, income and consumption inequality increased, thus resuming what has been a nearly relentless growth in inequality over the last 30 years. The lowest income quintile secured only 3.4 percent of total income in 2012 (CENSUS 2014).While the results for the overall income inequality evolution are conflicting, it is possible to assert whether the position in the income distribution improved or worsened for specific groups of households. The paper further analyses the characteristics associated with differences in income between households, which is important for designing appropriate policies and remedies for rising inequality.
Analysis of Income Inequality
CSU 201
Over time have been addressed many possible impact of of income inequality increasing. In this paper we choose to measure the effect of changes in structural national income state by state tax systems on observed and actual income inequality.The measurement method employed in order to assess the trend over the last decades is the income assessment before impact of taxes and the ten percent holders of the national income.The share of total income earned by the top 1 percent of families was less than 10 percent in the late 1970s but now exceeds 20 percent as of the end of 2012.After the Great Recession ended in mid-2009, income and consumption inequality increased, thus resuming what has been a nearly relentless growth in inequality over the last 30 years. The lowest income quintile secured only 3.4 percent of total income in 2012 (CENSUS 2014).While the results for the overall income inequality evolution are conflicting, it is possible to assert whether the position in the income distribution improved or worsened for specific groups of households. The paper further analyses the characteristics associated with differences in income between households, which is important for designing appropriate policies and remedies for rising inequality.
Recommended Citation
Ndjaye, Pape Oumar. "Analysis of Income Inequality." Undergraduate Research Symposium, Mankato, MN, April 18, 2016.
https://cornerstone.lib.mnsu.edu/urs/2016/oral-session-14/3
