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Lecture 22 - Exams can be picked up from your TA this week...

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1 Exams can be picked up from your TA this week Note: if you already picked up your exam on Monday March 3 or Tuesday March 4 and lost points for answering (d) to 15, please see your TA for possible regrading. Rough guide to grading scale (see web page for more info) A: 85-100 B: 70-84 C: 55-69 D: 40-54 F: below 40 class average on second exam: 70 Final exam: Wed March 19, 8:00 a.m. 30%: Chapters 5, 12-16 70%: Chapters 17-20
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2 Chapter 18: Income inequality A. Measuring income inequality B. Sources of income inequality C. Trends in income inequality
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3 Possible explanations for increasing inequality 1. Skill-based technological progress 2. Immigration and globalization The Foreign-Born Share of the US Population Is Rising 10.3 13.5 13.9 14.2 11.6 10.3 9.7 9.6 14.1 19.8 35.2 13.6% 14.7% 13.2% 11.6% 8.8% 6.9% 5.4% 4.7% 6.2% 7.9% 12.1% 0 10 20 30 40 50 60 1900 1910 1920 1930 1940 1950 1960 1970 1980 1990 2005 -1% 1% 3% 5% 7% 9% 11% 13% 15% Year Millions Percent of Population Immigrants in the US, Number and Share of Population
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4 30% 26% 17% 17% 10% 8% 32% 31% 20% 10% 0% 5% 10% 15% 20% 25% 30% 35% Less than high school High school Some college Bachelors degree Grad. or Prof. Degree Immigrants Natives Education levels of immigrants and natives (2005) Share of immigrants in US employment, 2005 15% 20% 24% 26% 34% 45% 0% 5% 10% 15% 20% 25% 30% 35% 40% 45% 50% All US occupations Manufacturing production workers Food preparation workers Construction laborers Grounds maintenance workers Agriculture
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5 Immigration: big increase in supply of low-
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