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Income inequality generally reduces government net lending/borrowing for all the countries. Economic growth, they find, leads to an increase of income inequality in the case of the UK and to the decline of inequality in the cases of the US and Canada. At the same time, economic growth improves government net lending/borrowing in all the countries.
Eastern Europe: High income 26.2 2021 26.24 2022 25.5 2021 Germany: Western Europe: High income 32.4 2020 30.64 2022 Djibouti: Eastern Africa: Lower middle income 41.6 2017 41.59 2017 Denmark: Northern Europe: High income 28.3 2021 28.47 2022 Dominican Republic: Caribbean: Upper middle income 37.0 2022 38.10 2022 Algeria
A 2020 study found that in Europe, the inequality-crime correlation was present but weak (0.10), explaining less than 3% of the variance in crime [38] with a similar finding occurring for the United States, [39] while another 2019 study argued that the effect of inequality on property crime was nearly zero. [40]
Economic inequality is an umbrella term for a) income inequality or distribution of income (how the total sum of money paid to people is distributed among them), b) wealth inequality or distribution of wealth (how the total sum of wealth owned by people is distributed among the owners), and c) consumption inequality (how the total sum of money spent by people is distributed among the spenders).
While economic growth was dazzling thanks to the Industrial Revolution (it averaged 1.6%, compared with 0.3% in previous centuries), European societies were transformed into genuine rentier societies, with ever-increasing inequalities: Great Britain, Sweden and France became the three most unequal countries in history, with the top 10% of the ...
The concept of inequality is distinct from that of poverty [5] and fairness. Income inequality metrics (or income distribution metrics) are used by social scientists to measure the distribution of income, and economic inequality among the participants in a particular economy, such as that of a specific country or of the world in general.
Inequality is one of the major issues of the modern age – but understanding where it happens is harder than you think. These maps show how tricky it is to measure inequality in local areas ...
International inequality refers to inequality between countries, as compared to global inequality, which is inequality between people across countries. International inequality research has primarily been concentrated on the rise of international income inequality, but other aspects include educational and health inequality , [ 1 ] as well as ...