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The Elephant Curve, also known as the Lakner-Milanovic graph or the global growth incidence curve, is a graph that illustrates the unequal distribution of income growth for individuals belonging to different income groups. [1] The original graph was published in 2013 and illustrates the change in income growth that occurred from 1988 to 2008.
A complete handout about the Lorenz curve including various applications, including an Excel spreadsheet graphing Lorenz curves and calculating Gini coefficients as well as coefficients of variation. LORENZ 3.0 is a Mathematica notebook which draw sample Lorenz curves and calculates Gini coefficients and Lorenz asymmetry coefficients from data ...
The "Great Gatsby Curve" is the term given to the positive empirical relationship between cross-sectional income inequality and persistence of income across generations. [1] The scatter plot shows a correlation between income inequality in a country and intergenerational income mobility (the potential for its citizens to achieve upward mobility).
According to Pak Hung Mo, income inequality has significant negative effect on the rate of GDP growth. In their work "Income Inequality and Economic Growth", they found out that the most important is the transfer channel while the least important is the human capital channel.
Inequality is then expected to decrease when a certain level of average income is reached and the processes of industrialization – democratization and the rise of the welfare state – allow for the benefits from rapid growth, and increase the per-capita income. Kuznets believed that inequality would follow an inverted "U" shape as it rises ...
Income from black market economic activity is not included. The Gini coefficient is a number between 0 and 1 or 100, where 0 represents perfect equality (everyone has the same income). Meanwhile, an index of 1 or 100 implies perfect inequality (one person has all the income, and everyone else has no income).
The chart of the day ... But economic growth projections for 2024 had fallen to 1.4% from September’s 1.5% projection for 2024 GDP growth. ... neither we nor Powell have seen it yet underscores ...
Income shifts to the wealthy, who tend to consume less of each marginal dollar, slowing consumption and therefore economic growth; Income mobility falls: parents' income better predicts their children's income; Middle and lower-income families borrow more to maintain their consumption, a contributing factor to financial crises; and