cmserver-5 - Econ 1110 Introduction to Microeconomics...

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Econ 1110 Introduction to Microeconomics Professor Richard V. Burkhauser 20 An Inquiry into the Nature and Causes of the Wealth of Nations or How to Reduce Poverty in Modern Society
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200 Countries, 200 Years, 4 Minutes Econ 1110 – Professor Burkhauser
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Econ 1110 – Professor Burkhauser Key Concepts • poverty rate, p. 419 • poverty line, p. 419 • in-kind transfers, p. 420 • life cycle, p. 421 • permanent income, p. 421 • Gini coefficient, class • Lorenz curve, class • inequality, class • Kernel density function, class • income distribution, class
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Middle-income Losing Ground? Making Lemons out of Lemonade Ithaca Journal, September 21, 2004
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Econ 1110 Introduction to Microeconomics Professor Richard V. Burkhauser Income Inequality in the 1990s Burkhauser, Richard V., Shuaizhang Feng, Stephen Jenkins and Jeff Larrimore. “Trends in United States Income Inequality Using the Internal March Current Population Survey: The Importance of Controlling for Censoring.” Forthcoming Journal of Economic Inequality Burkhauser, Richard V., Shuaizhang Feng, Stephen Jenkins and Jeff Larrimore. “Recent Trends in Top Income Shares in the USA: Reconciling Estimates from March CPS and IRS Tax Return Data.” Review of Economics and Statistics . Burkhauser, Richard V. “Evaluating the Questions that Alternative Policy Success Measures Answer.” Journal of Policy Analysis and Management , 30 (2): 205-215.
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Econ 1110 – Professor Burkhauser Question 1: What is your best guess of your household s before tax income last year? a) 0 - $50,000 b) $50,001 - $100,000 c) $100,001 - $250,000 d) $250,001 - $400,000 e) $400,000+
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Econ 1110 – Professor Burkhauser 50% 30% 18% 1% 1% 0% 10% 20% 30% 40% 50% a b c d e
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Econ 1110 – Professor Burkhauser Question 2: The 1980s have been described as a period when inequality increased with the rich getting richer, the poor getting poorer, and the middle class stagnating or getting poorer. Is this an accurate view of the 1980s? a) Yes b) No
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Econ 1110 – Professor Burkhauser Question 3: The 1990s have been described as a period when inequality increased with the rich getting richer, the poor getting poorer, and the middle class stagnating or getting poorer. Is this an accurate view of the 1990s?
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This note was uploaded on 10/21/2011 for the course ECON 1110 at Cornell University (Engineering School).

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cmserver-5 - Econ 1110 Introduction to Microeconomics...

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