Lecture+24+April+25

Lecture+24+April+25 - Todays agenda Inequality Patterns...

Info iconThis preview shows pages 1–10. Sign up to view the full content.

View Full Document Right Arrow Icon

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: Todays agenda Inequality Patterns Causes Poverty Definition and measurement Anti-poverty policies Tradeoff between equality and efficiency Coming attraction Final Exam College Avenue Main Gym Thursday, May 5 8 to 11 am Not in Hickman 138! No office hours today INSTEAD: Tomorrow 9 to 10 a.m., NJ Hall 303a Change in Basak Uysals Wednesday office hours: After lecture in Hickman 401 Trends in inequality Little change for several decades Sharp increase over last 25 years Wealth inequality Richest 1 percent of households hold > 40 percent of nations wealth Only 20 percent in Britain, Europes most inegalitarian country Income inequality Growing dispersion between high-wage and low- wage families Lorenz curve http://www.federalreserve.gov/pubs/feds/2009/200913/200913pap.pdf Income distribution over time Typical pattern through the development of economies: Rising inequality as urbanization occurs and migrants find high-wage jobs Falling inequality as high urban wages propagate through the rest of the economy Inverted U Then from World War II through the 1960s, the income distribution was remarkably stable. Interpreting the trends A partial explanation for rising inequality is technological. Wage difference between skilled and unskilled workers has widened sharply over this period. Part of the explanation lies with the fall of trade barriers....
View Full Document

Page1 / 32

Lecture+24+April+25 - Todays agenda Inequality Patterns...

This preview shows document pages 1 - 10. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online