chap20 - Inequality rose from 1980s until mid 1990s...

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    Chapter 20 – Income  distribution and poverty
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    Income distribution in a  market economy Determined by markets Affected by initial endowments Estate tax (“death tax”)
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    Lorenz curve
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    Differences in income  inequality
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    Poverty programs Cash transfers In-kind transfers
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    Trends in income distribution Inequality decreased until 1980s
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Unformatted text preview: Inequality rose from 1980s until mid 1990s Inequality declined in mid- and late-1990s Inequality rose since 2000. Tax structures Progressive T/Y rises as Y rises Proportional T/Y is constant Regressive T/Y declines as Y rises (T = taxes, Y = income)...
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chap20 - Inequality rose from 1980s until mid 1990s...

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