The figure below shows the proportion of children in earnings quantile conditional on their father's earnings quantile in the US and Denmark,respectively. Based on this information, which of the following statements is correct?USI Child in poorest 20%I Child in richest 20%DENMARK0.4000.40.40.3600.3370.30.3-0.2530.20.20.1670.1610.0980.10.10.074Poorest 20%Richest 20%Poorest 20%Richest 20%Father's earnings quintileSelect one:O a. In Denmark, it is far more difficult for the richest families to preserve their status for the next generation than in the US.O b. In the US, 7.4% of those from the poorest 20% of families managed to move up to become part of the richest 20%.O c. The figure suggests that there is very little governments can do to reduce intergenerational transmission of economic status.O d. The data provides support for the "American Dream", a term coined in 1931 by James Truslow Adams that refers to "a dream of socialorder in which each man and woman shall be able to attain to the fullest stature of which they are innately capable ... regardless of thefortuitous circumstances of birth or position".Proportion of children in earnings quintileconditional on father's earnings quintile

Here, only option 1 is correct. Children born in rich families folks are less likely to become poor…

The figure below shows the proportion of children in earnings quantile conditional on their father's earnings quantile in the US and Denma respectively. Based on this information, which of the following statements is correct? US I Child in poorest 20% I Child in richest 20% DENMARK 0.400 04- 0.4 0.360 0.337 0. 0.3- 0253 0.2 0.2 0.167 0161 0.098 0.074 0.1 0- Poorest 20% Richest 20% Poorest 20% Richest 20% Father's earnings quintile Proportion of children in earnings quintile conditional on father's earnings quintile

The figure below shows the proportion of children in earnings quantile conditional on their father's earnings quantile in the US and Denma respectively. Based on this information, which of the following statements is correct? US I Child in poorest 20% I Child in richest 20% DENMARK 0.400 04- 0.4 0.360 0.337 0. 0.3- 0253 0.2 0.2 0.167 0161 0.098 0.074 0.1 0- Poorest 20% Richest 20% Poorest 20% Richest 20% Father's earnings quintile Proportion of children in earnings quintile conditional on father's earnings quintile

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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According to research published by the US Census Bureau, Select the correct answer below: there is a narrowing income disparity between the lowest and highest earners in the US. O income is more fairly distributed among people in the US in recent years O the income distribution between poor and rich has widened over time O more people have moved from poor class to middle class.
Indicators of income inequality and poverty Country Gini coefficient Ratio of income at Poverty rates % 90th percentile to 10th percentile households below 50% of average household income Australia 336 4.5 14.6 Belgium 259 3.3 9.4 Canada 324 4.2 12.0 France 293 3.4 7.2 Italy .337 4.3 11.4 Jаpan 329 5.0 15.7 Portugal .353 4.9 11.9 Spain 317 4.6 14.0 Source: OECD 2011 The table shows some selected indicators on income inequality and poverty. Based on these data, which of the following statements are correct? Select one or more answers. Select one or more: O The ratio between households at the 90th percentile and households at the 10th percentile suggests inequality is greater in Japan than in Italy. O Belgium has a higher poverty rate than France. Spain has a higher overall level of income inequality than Australia. O The Gini coefficient for Portugal means the bottom 10% of households have a greater total income than the bottom 10% of households in Canada.
In the United States, the average household in the top quintile (of total money income) contains fewer per True False
Questions: what are some of the dimensions of economic inequality and what is considered income? As in the case of income distribution, calculation of wealth distribution is done by different entities using different measurements, resulting in a disparity in outcomes. In fact, commonly, wealthis narrowly defined as financial wealth—namely, cash on handand the money value of tangible and nonliquid assets. Even justthe market valuation of financial portfolios is commonly used todefine financial wealth. However, some may extend the definitionto include the value of income streams and insurance rights that,for the most part, cannot be transacted or encumbered. Theseinclude Medicare, Medicaid, and Social Security. When suchtransfers and public assistance are included, the poor and manyelderly could benefit, reducing the wealth disparity (Galbraith2016). To obtain net wealth, the value of the debts are subtractedsubtracted from the value of the assets. Galbraith stated thatfinancial wealth…
Does the statistic of racial income gap or racial wealth gap perpetuate racecraft?
The figure shows the distribution of pre-tax income for Canadian families in 2015. Distribution of Family Income, 2015 60- Which of the following best describes the distribution of pre-tax earnings? 50- A. Just over 40 percent of families earned less than $40,000 while just over 20 percent of families earned more than $100,000. 41.8% 40- 38.4% B. Nearly 40 percent of families earned less than $40,000 while just under 20 percent of families earned more than $100,000. O C. Just over 20 percent of families earned less than $40,000 while just over 40 percent of families earned more than $100,000. 30- 19.8% O D. Nearly 20 percent of families earned less than $40,000 while just under 40 percent of families earned more than $100,000. 20- 10- $40K to $100K Pre-tax Family Income < $40K $100K and over Percentage of Families
According to statistics, the main reason for male-female wage differential is: Males work longer hours Females work longer hours Discrimination in wage rates Males have more experince Females are more educated
How can we use data on the return to education to estimate how differences in education among countries contribute to differences in income among countries?
FIGURE 12.5 U.S. Racial-Ethnic Groups Americans of European Descent German 50,272,000 16.5% Irish 36,278,000 11.9% 199,491,000 65% English/British 28,630,000 9.4% Italian 17,749,000 5.8% French 11,526,000 3.8% Polish 9,887,000 3.25% Scottishd 9,365,000 3.1% Dutch 4,929,000 1.6% Norwegian 4,643,000 1.5% Swedish 4,390,000 1.4% Russian 3,130,000 1.0% Welsh 1,980,000 0.6% Czech 1,914,000 0.5% Hungarian 1,539,000 0.5% Danish 1,459,000 0.5% Portuguese 1,419,000 0.5% Greek 1,351,000 0.4% 997,000 839,300 Swiss 0.3% Others 0.2% Americans of African, Asian, North, Central, and South American, and Pacific Island Descent Latino 46,944,000 15.4% African American 39,059,000 12.8% Asian American 13,549,000 4.5% Native American9 3,083,000 1.0% 104,743,000 34% Arab 1,546,000 0.5% Claim Two or More Race-Ethnicities 5,167,000 1.7% Overall Total: 4% 8% 12% 16% 20% 309,401,000 Percentage of Americans Source: By the author, Based on Statistical Abstract of the United States 2010:Table 10; 2011:Table 52. 4)…
oaxaca decomposition Suppose that, on average, men earn $20 an hour and have an average of 15 years of schooling. Women earn $15 an hour and have an average of 14 years of schooling. If the estimated return to schooling for men is 0.30 (implying that each additional year of schooling translates into an additional 30 cents per hour), then the gender gap in schooling explains: 20% of the wage gap between men and women More than 100% of the wage gap between men and women 15% of the wage gap between men and women None of the wage gap between men and women 6% of the wage gap between men and women
Consider the following information: Suppose the median annual earnings of white females are 28% lower than the median annual earnings of white males. This means that: Neither of the other conclusions can be drawn from this one statistic. There is no discrimination against females; females just do less-dangerous work than males. There is no discrimination against females; females just have less human capital than males.
The following table gives the distribution of the income of the employees of a company Calculate the cumulative percentage of 2000 income. Calculate the Gini coefficient