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Countries closest to the axis in the left bottom have the highest levels of socio-economic equality and socio-economic mobility. In 2012, a graph plotting the relationship between income inequality and intergenerational social mobility in the United States and twelve other developed countries—dubbed "The Great Gatsby Curve" [ 40 ] —showed ...
Stiglitz later argued that inequality may explain political questions – such as why America's infrastructure (and other public investments) are deteriorating, [60]: 92 or the country's recent relative lack of reluctance to engage in military conflicts such as the 2003 Iraq war. Top-earning families have the money to buy their own education ...
The social market economy (SOME; German: soziale Marktwirtschaft), also called Rhine capitalism, Rhine-Alpine capitalism, the Rhenish model, and social capitalism, [1] is a socioeconomic model combining a free-market capitalist economic system alongside social policies and enough regulation to establish both fair competition within the market and generally a welfare state.
[3] [4] [5] The SSPs provide narratives describing alternative socio-economic developments. These storylines are a qualitative description of logic relating elements of the narratives to each other. [3] In terms of quantitative elements, they provide data accompanying the scenarios on national population, urbanization and GDP (per capita). [6]
Providing one extra year of education to girls increases their wages by 10-20%. [8] This increase is 5% more than the corresponding returns on providing a boy with an extra year of schooling. [8] This individual monetary gain creates an increase in the overall economic productivity of a country.
Social Security is the U.S. government’s biggest program; as of June 30, 2024, about 67.9 million people, or one in five Americans, collected Social Security benefits.This year, we’re seeing a ...
There are various factors affecting economic growth. The problems of economic growth have been discussed by numerous growth models, including the Harrod-Domar model, the neoclassical growth models of Solow and Swan, and the Cambridge growth models of Kaldor and Joan Robinson. This part of the economic problem is studied in the economies of ...
"Of these, 128,000 people are hospitalized and approximately 3,000 people die from foodborne illness each year." Here's what causes food poisoning, when you should be worried and what can be done ...