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Chapter Ten: Economic and Social Inequality. Defining and Measuring Inequality.

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Presentation on theme: "Chapter Ten: Economic and Social Inequality. Defining and Measuring Inequality."— Presentation transcript:

1 Chapter Ten: Economic and Social Inequality

2 Defining and Measuring Inequality

3 Table 10.1: Distribution of U.S. Household Income in 2011 Source: U.S. Census Bureau, Table A-2 of “Income, Poverty, and Health Insurance Coverage in the United States,” 2011.

4 Figure 10.1: Lorenz Curve for the United States Source: U.S. Census Bureau, Historical Income Tables, Households, Table H-2.

5 Figure 10.2: Lorenz Curves for Sweden, the United States, and Bolivia Sources: Statistics Sweden, online database, Disposable Income in Deciles 2011–2014; U.S. Census Bureau, Historical Income Tables, Households, Table H-2; World Bank, World Development Indicators database.

6 Figure 10.3: The Gini Coefficient: A/(A+B)

7 Data and Trends

8 Figure 10.4: Gini Coefficient in the United States, 1967-2010 Source: U.S. Census Bureau, Historical Income Tables, Households, Table H-2.

9 Source: Emmanuel Saez, income inequality database updated to 2012, University of California, Berkeley, http://elsa.berkeley.edu/~saez/. Figure 10.5: Income Share of the Top 10 Percent and Top 1 percent in the United States, 1917-2012

10 Figure 10.6: The Distribution of Wealth in the United States, 2009 Source: Sylvia A. Allegretto, “The State of Working America’s Wealth, 2011,” Economic Policy Institute, EPI Briefing Paper #292, March 23, 2011.

11 Figure 10.7: Actual, Estimated, and Ideal Distribution of Wealth in the United States Source: Michael I. Norton and Dan Ariely, “Building a Better America—One Wealth Quintile at a Time,” Perspectives on Psychological Science 6(1) (2011): 9–12.

12 Table 10.2: Median Household Income in the United States by Select Characteristics, 2012 Source: Carmen DeNavas-Walt, Bernadette D. Proctor, and Jessica C. Smith, “Income, Poverty, and Health Insurance Coverage in the United States: 2012,” U.S. Census Bureau, Current Population Report P60-245, September 2013.

13 Table 10.3: Median Value of Household Assets in the United States by Select Characteristics, 2011 Source: U.S. Census Bureau, Survey of Income and Program Participation, 2008 Panel, Wave 10, Table 1, Release date March 21, 2013.

14 Figure 10.8: Income Gini Coefficients for Select Countries Source: United States Central Intelligence Agency, CIA World Factbook online database.


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