State of Economic Equality
An State of Economic Equality is an economic state with a high economic equality measure.
- AKA: Economic Inequality.
- See: Income Inequality Metrics, International Inequality, Consumption (Economics), Equity (Economics), Equality of Outcome, Equality of Opportunity.
References
2016
- (Wikipedia, 2016) ⇒ https://en.wikipedia.org/wiki/Economic_inequality Retrieved:2016-10-20.
- Economic inequality is the difference found in various measures of economic well-being among individuals in a group, among groups in a population, or among countries. Economic inequality is sometimes called income inequality, wealth inequality, or the wealth gap. Economists generally focus on economic disparity in three metrics: wealth, income, and consumption. The issue of economic inequality is relevant to notions of equity, equality of outcome, and equality of opportunity.
Economic inequality varies between societies, historical periods, economic structures and systems. The term can refer to cross-sectional distribution of income or wealth at any particular period, or to changes of income and wealth over longer periods of time. [1] There are various numerical indices for measuring economic inequality. A widely used index is the Gini coefficient, but there are also many other methods. Some studies say economic inequality is a social problem. E.g., too much inequality can be destructive, because it might hinder long term growth. [2] Too much income equality is also destructive since it decreases the incentive for productivity and the desire to take-on risks and create wealth.
- Economic inequality is the difference found in various measures of economic well-being among individuals in a group, among groups in a population, or among countries. Economic inequality is sometimes called income inequality, wealth inequality, or the wealth gap. Economists generally focus on economic disparity in three metrics: wealth, income, and consumption. The issue of economic inequality is relevant to notions of equity, equality of outcome, and equality of opportunity.
- ↑ Wojciech Kopczuk, Emmanuel Saez, and Jae Song find that "most of the increase in the variance of ... annual earnings is due to increases in the variance of ... permanent earnings with modest increases in the variance of transitory ... earnings." Thus, in fact, the increase in earnings inequality is in lifetime income. Furthermore, they find that it remains difficult for someone to move up the earnings distribution (though they do find upward mobility for women in their lifetime). See their "Earnings Inequality and Mobility in the United States: Evidence from Social Security Data since 1937," Quarterly Journal of Economics. 125, no. 1 (2010): 91–128.
- ↑ Cite error: Invalid
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2016
- http://www.filmsforaction.org/articles/anarchists-what-we-stand-for/
- … We want economic equality. We want libertarian communism. We want the land and the means of production and distribution held in common. ...
2009
- (Wilkinson & Pickett, 2009) ⇒ Richard Wilkinson, and Kate Pickett. (2009). “Books on Google Play The Spirit Level: Why Greater Equality Makes Societies Stronger."