Based on the table given What are the main drivers of overall income inequality? How is that answer inuenced by the shares of each source in overall income? Please answer fast. Sources of Income Mean of Incometransferineretireinepropertyineotherineearnedine85735.785735.785735.785735.785735.7Mean of Source7588.614119.944019.861166.8568840.43COV with rank-267.04803.031266.20179.3318264.06COV of Each Source Cumul2855.24 0.0833451923.23 0.0833451845.78 0.083345560.19 0.08334519854.40 0.083345Share of Income - SK Gini Correlation RH Gini Cofficeint GK Concentration coefficient-0.0703780770.3898237840.088511670.0480540080.0468866410.0136098380.8029377490.629974335-0.0935248490.4175403250.6859994150.3201202090.9198999210.7525067170.9336194860.9183307180.9601756530.5768238230.3073716310.530620189

Given information Gini coefficient measures inequality in an economy. The concentration coefficient…

Answered: Based on the table given What are the…

Based on the table given What are the main drivers of overall income inequality? How is that answer inuenced by the shares of each source in overall income?

ENGR.ECONOMIC ANALYSIS

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ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

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Question

Based on the table given What are the main drivers of overall income inequality? How is that answer inuenced by the shares of each source in overall income?

Please answer fast.

Sources of Income Mean of Income
transferine
retireine
propertyine
otherine
earnedine
85735.7
85735.7
85735.7
85735.7
85735.7
Mean of Source
7588.61
4119.94
4019.86
1166.85
68840.43
COV with rank
-267.04
803.03
1266.20
179.33
18264.06
COV of Each Source Cumul
2855.24 0.083345
1923.23 0.083345
1845.78 0.083345
560.19 0.083345
19854.40 0.083345
Share of Income - SK Gini Correlation RH Gini Cofficeint GK Concentration coefficient
-0.070378077
0.389823784
0.08851167
0.048054008
0.046886641
0.013609838
0.802937749
0.629974335
-0.093524849
0.417540325
0.685999415
0.320120209
0.919899921
0.752506717
0.933619486
0.918330718
0.960175653
0.576823823
0.307371631
0.530620189

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