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What is the meaning of 'income inequality'? ( what does 'income' mean; that is, how does 'income' differ from 'compensation', 'earnings', or 'wages'?...

  • What is the meaning of 'income inequality'? ( what does 'income' mean; that is, how does 'income' differ from 'compensation', 'earnings', or 'wages'?)

  • How unequal is the distribution of income in the United States?  


  • What are the major labor market factors contributing to income inequality? 

 

  • How clearly does "quintile analysis" (arranging all households - or families, depending on the data source - by income into 5 'quintiles', each containing an equal number of households but an unequal amount of income) describe the actual levels of inequality in compensation (and indeed well-being) among individuals in society? 

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