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lorenz curve - likely to lose their jobs and be affected...

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Parth Parikh 134-00-2017 December 9, 2010 1. Over the thirty-nine year span, the distribution of income did not change greatly numerically. Although considering the small change yearly, it was a great change. The cumulative percentage of income grew towards the wealthy end over this span. This change occurred this way for several reasons, beginning with several strategies on the rich being able to stay rich. Several loopholes and methods allow maximum security for the wealthy end to stay on the wealthy end. In addition, because of hard economic times in the past forty years, many people on the lower end were more
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Unformatted text preview: likely to lose their jobs and be affected more greatly than the high end of the curve. 2. The Gini Coefficient for 2009 is 0.468 and the Gini coefficient for 1970 is 0.394. This stays consistent with the Lorenz curve because it is consistent with the distribution of wealth. The greater the Gini coefficient is means there is greater inequality. Over the thirty-nine year span, the Lorenz curve bowed more and shows that the top twenty percent of households holds a greater percentage of income....
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