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The Gini coefficient is also known as Gini index or Gini Ratio. It measures the degree of inequality in the distribution of family income in a country. [6] A Lorenz curve plots the cumulative percentages of total income received against the cumulative number of recipients, starting with the poorest individual or household.
Poverty in the Philippines is a complex issue influenced by various factors, including economic inequality, corruption, and inadequate access to education. The disparity in income across different regions and sectors creates significant barriers for many Filipinos, limiting their opportunities for upward mobility.
Social inequality usually implies the lack of equality of outcome, but may alternatively be conceptualized as a lack of equality in access to opportunity. [1] Social inequality is linked to economic inequality, usually described as the basis of the unequal distribution of income or wealth.
The Atkinson ε parameter is often called the "inequality aversion parameter", since it regulates the sensitivity of the implied social welfare losses from inequality to income inequality as measured by some corresponding generalised entropy index. The Atkinson index is defined in reference to a corresponding social welfare function, where mean ...
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When discussing "The Cross-Cultural Stream and Power Distance", four primary factors affecting a society's level of power distance are explained separately: the predominant religion or philosophy, the tradition of democratic principles of government, the existence of a strong middle class, and the proportion of immigrants in a society's ...
Inequality grew because the ones moving to the private sector would become wealthier in the city with a private-sector job, while the agricultural sector stayed stagnant. Once the transition was over, inequality was at its lowest because the final stages of growth were complete and everyone was sharing in the wealth generated.