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BLS explained the gap between productivity and compensation can be divided into two components, the effect of which varies by industry: 1) Recalculating the gap using an industry-specific inflation adjustment ("industry deflator") rather than consumption (CPI); and 2) The change in labor's share of income, defined as how much of a business ...
In Luxembourg, the total gender income gap represents 32.5%. [157] The gender pay gap of full-time workers regarding monthly gross wages has narrowed over the past few years. According to the data from OECD (Organization for Economic Co-operation and Development) the gender pay gap dropped over 10% between 2002 and 2015. [158]
For example, the Gini coefficient of 0.513 for 2016 indicates that the average difference in income between pairs of households in that year was equal to 102.6 percent (twice 0.513) of average household income in 2016, or about $70,700 (adjusted to account for differences in household size).
The earnings difference between women and men varies with age, with younger women more closely approaching pay equity than older women. [29] The Bureau of Labor Statistics reported that, in 2013, female full-time workers had median weekly earnings of $706, compared to men's median weekly earnings of $860.
Using statistical regressions, they found that human capital, region, and marital status account for 55 percent of the wage gap difference. An additional 20 percent of the wage gap was attributed to differences in occupational distributions between blacks and whites. Thus, 25 percent of the wage gap was unaccounted for by their model. [20]
Here the Hoover index and the Theil are equal at a value of around 0.46. The red curve shows the difference between the Theil index and the Hoover index as a function of the Hoover index. The green curve shows the Theil index divided by the Hoover index as a function of the Hoover index.
Global share of wealth by wealth group, Credit Suisse, 2021 Share of income of the top 1% for selected developed countries, 1975 to 2015. Economic inequality is an umbrella term for three concepts: income inequality, how the total sum of money paid to people is distributed among them; wealth inequality, how the total sum of wealth owned by people is distributed among the owners; and ...
Ratio for Each Income Percentile to Median Income In the U.S. Since 1970. The plot shows the increase in the relative gains of those above the median versus those below the median with the largest gains for those in the highest percentile. Ratio of the average compensation of CEOs from the top 350 firms and production workers, 1965–2009.