Posts Tagged ‘income distribution’

  • Inequality Questions

    Oct 30, 11 • 614 Views • No Comments

    Astoundingly, the country in which we are born determines 60% of our income. And then, the next 20% relates to our parents’ affluence. Here are some answers to other interesting questions we never knew we wanted to ask. All are from The Haves and the......  [read more]

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    Top Earners

    Oct 20, 11 • 489 Views • No Comments

    A quiz: Looking at the top 1% of earners, how many are in financial services? Close to 75%, 50%, 25% or 10%? The answer: 10% (or precisely 13.9%) Next… How much does the top 1% earn? The 1% threshold is close to $350,000. $200,000, top 5%; 150,000, top......  [read more]

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    Placing the Poverty Line

    Sep 15, 11 • 481 Views • No Comments

    Any family that earns less than 3 times the annual cost of a nutritionally adequate diet is below the poverty line. But should we agree with the placement of the line? If we say that poverty is “relative deprivation, ” then a definition could take......  [read more]

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    Are the Rich Getting Richer?

    Jun 30, 11 • 466 Views • No Comments

    Their conclusion was clear. A recent Federal Reserve study tells us that the rich are getting richer. A closer look, though, reveals it is a lot more complicated. We need to be aware of two issues. How should we define income and wealth? Calculating income,......  [read more]

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    Presidential Pay and the GDP

    Mar 17, 11 • 430 Views • No Comments

     The Economist decided it would be interesting to know how a political leader’s pay compares to what a typical citizen from that country earns. Here are some of the numbers with salary first and then the multiple of per capita GDP next. I’ve......  [read more]