Posts Tagged ‘inequality’

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    Placing the Poverty Line

    Sep 15, 11 • 107 Views • Economic Debates, Government, Households, Labor, Macroeconomic Measurement, Thinking EconomicallyNo 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...

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    Inequality and Movie Stars

    Nov 22, 10 • 88 Views • Behavioral Economics, Government, RegulationNo Comments

    Did you know that Academy Award winners live longer than losers? Much more than a trivia fact, Academy Award winner longevity provided researchers with data about inequality. As reported in the May 15, 2001 issue of The Annals of Internal Medicine,...

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    Money and Happiness

    Jun 8, 10 • 79 Views • Thinking EconomicallyNo Comments

    Does money buy happiness? A 2006 report from the Pew Research Center said yes and no. If we compare income groups, the answer is yes. Almost 50% of people earning more than $100,000 annually said they were happy. However, as income levels dropped, so too did...