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"Inside the World Bank's new inequality indicator: The number of countries with high inequality". World Bank. {}: CS1 maint: multiple names: authors list ; Global Peace Index Map of Gini data for 2007–2010; Shadow economies all over the world : new estimates for 162 countries from 1999 to 2007. Friedrich Schneider, Andreas Buehn, Claudio E ...
The International Monetary Fund in April 2012 predicted that Australia would be the best-performing major advanced economy in the world over the next two years; the Australian Government Department of the Treasury anticipated "forecast growth of 3.0% in 2012 and 3.5% in 2013", [60] the National Australia Bank in April 2012 cut its growth ...
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).
See table 7 for income distribution by country. Alan Grayson says United States has fifth-most unequal wealth distribution in world. 10 October 2011. PolitiFact. CHARTS: Here's What The Wall Street Protesters Are So Angry About.... 11 October 2011. Business Insider. OECD 2015 In It Together Chapter 1 Overview Inequality. 21 May 2015.
Quintile measures of inequality satisfy the transfer principle only in its weak form because any changes in income distribution outside the relevant quintiles are not picked up by this measures; only the distribution of income between the very rich and the very poor matters while inequality in the middle plays no role.
In fact, there are plenty of examples of groups of people who choose to define their own standards (i.e., the Amish) rather than succumbing to what society deems relevant.
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.
Discussion of basic income or any form of income guarantee drop off considerably in the United States after 1980, but the academic debate grew gradually through the 1990s and 2000s. The U.S. Basic Income Guarantee Network (the USBIG Network) was founded when six academics including Fred Block , Erik Olin Wright , and others met at the Kiev ...