StudentShare solutions
Got a tricky question? Receive an answer from students like you! Try us!

Essay example - Income Distribution

Pages 8 (2008 words)
Download 1
Trends related to income inequality in the United States have received considerable attention recently. While the extent of inequality and the degree of change depend on how it is measured, there is general agreement that overall inequality in the distribution of income and wealth in the U.S…

Extract of sample

Recent years have witnessed increased polarization in income levels both among countries and among various income groups and classes within countries. Rapid and steady growth in developing countries is clearly necessary to close their income gap with the advanced industrial countries and improve standards of living. There may be some scope for raising income through reallocation of existing resources, but restoring rapid growth depends in large part on raising the rate of capital accumulation.
Experience shows that while rapid growth as such may not lead to a significant improvement in income distribution in the short to medium term, it is indispensable for attaining a more balanced pattern of distribution in the longer term. More importantly, policies can be designed so as to strengthen the forces making for greater equality while promoting growth and absorbing the surplus labor that prevails in many developing countries.
The ability of market mechanisms and locally-based initiatives to provide for the economic well-being of those persons at the low end of the income distribution is questionable. In practice, much of the concern for distributional issues is lost in the transition from an academic or policy discussion to the implementation of local economic development programs (Leigh 1995). ...
Download paper
Not exactly what you need?

Related papers

Income Inequality in Canada and Health
Researcher handling issues of health and income distribution in the society have come to conclude that social economic status of an individual is a determining factor in acquisition of healthcare. Poverty information gives an insight of what takes place in the lower classes of the society, but income distribution is another factor that influences health care provision in the society. Evident from…
7 pages (1757 words)
Income Support Policies
In the United States of America, being an economically stable country, there exist different types of programmes, which aim at supporting poor families that are in need. Such programmes mainly lower the level of homelessness and protects the poor from starvation. Financial underprivilege is unpleasant and that is why the government has developed different welfare programmes. People who fit in the…
distribution problems in current china
This paper explores the apparent discrepancy in wealth or resource distribution in the PRC and its impacts on the life and social welfare of the PRC’s citizens, especially with references to accessibility and utilization. The effects of these discrepancies on peoples’ capacity and ability to access and utilize education, housing, health care, employment, human rights services and…
4 pages (1004 words)
Economics: Income Distribution and Poverty
The topic should be at the forefront of our current political debate, for economic inequality has been growing in the United States for some time, and very evidently so in the 1980s.…
8 pages (2008 words)
Redistribution of Income
Redistribution of income is defined as the distribution of income equally to every individual who is a part of the society irrespective of the standard of living of that individual. The main aim of the redistribution of the income is to the balance the economic stability of the society by spreading the resources equally to every section, to the poor and the unemployed. The redistribution in the…
2 pages (502 words)
Citizens' Income
The class structure f contemporary Britain has changed significantly since the writings f Karl Marx and Max Weber in the late nineteenth and early twentieth century. As far back as 1959 the Crowther Report identified a link between low incomes and low attainment levels. This was followed in 1963 by the Newsom report that found many secondary modern schools were deficient and argued that the less…
4 pages (1004 words)