n a paragraph provide: A measure of income inequality that provides evidence that inequality has increased in the U.S. over the past several decades. Second, describe which income group’s share has increased the most during this period.
n a paragraph provide: A measure of income inequality that provides evidence that inequality has increased in the U.S. over the past several decades. Second, describe which income group’s share has increased the most during this period.
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In a paragraph provide:
A measure of income inequality that provides evidence that inequality has increased in the U.S. over the past several decades. Second, describe which income group’s share has increased the most during this period.
Expert Solution
Step 1
In the past decades the income inequality has grown in most households. There are certain reasons of that
- Globalization
- Skilled- Biased Technological Change
- Policy
- Decline of Labor unions
- corporatism.
Certain income inequality assessment is used like Gini Coefficient, Market Income, IBTT etc
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