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Summarize a media outreach strategy for Economic Inequality.
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- Summarize the five most commonly used demographic variables.How does the evolution of media from traditional to new media serves as a vehicle to advocate and advance gender equality?Consider a Maldives island with ten inhabitants. Answer the questions below. a) Plot the Lorenz curve for the income distribution: (2,2,4,6,8,20,30,40,60,100) (2,2,4,6,8,20,30,40,60,100) Consider an income redistribution that takes 20% of income from each of the three richest individuals and distribute equally to individuals that have an income below the poverty line (9). Plot the Lorenz curve again to demonstrate that inequality has decreased. What happened to the coefficient of variation between the two periods? What can you conclude about the change in inequality between periods from this? b) Show on the same diagram the Lorenz curve for the income distribution: (8,18,20,22,26,28,30,32,40,48)(8,18,20,22,26,28,30,32,40,48) Compare and comment this new Lorenz curve with the Lorenz curves in part (a). Then, show that the three social welfare functions, W=∑MhW=∑Mh, W={MinWh}W={MinWh}, and W={MaxWh}W={MaxWh} rank the income distributions in parts (a) and (b) differently. c) Calculate the…
- What makes the Earned Income Tax Credit (EITC) different from other poverty-fighting programs? The amount of the credit is doubled if the head of household is attending college. The tax credit is phased out gradually, rather than at a specific income cutoff point. The amount of the credit is not determined by the number of dependent children in the household. The EITC doesn't require the recipient to pay a minimum amount of income tax in order to receive the credit. It creates less of an incentive to work than other programs.Consider the Lorenz curves for income for Deneb and Elnath as shown in this figure: Lorenz curves for Deneb and Elnath cumullative income share (%) 8 8 2 2 2 2 2 2 2 2 100 90 80 70 60 40 30 Lorenz curve for Elnath 0 0 10 20 30 40 50 60 70 80 90 100 income percentiles Lorenz curve for Deneb [If the image above doesn't appear click here to open it in a new tab.] Which of the following statements is true? [Hint: You do not need to calculate any areas to answer this question correctly!] The relative income inequalities of Deneb and Elnath cannot be determined from the information given. Income inequality is more extreme in Deneb than it is in Elnath. Deneb and Elnath have the same degree of income inequality. Income inequality is more extreme in Elnath than it is in Deneb.The U.S. income distribution is not fair.
- Explain the trade-off between equity and efficiency in povertyreduction policy.Name two factors that explain a decrease in the use of incarceration?The theory of distributive justice that I found to be the most convincing was the Utilitarianism theory. In current times there is a large amount of economic inequality. It states in the textbook, "The top 0.1 percent of American families owns 22 percent of the nation’s wealth–exactly the same share as the bottom 90 percent" (Shaw, 2017, p. 85). The Utilitarianism theory believes that there should be a greater equality of income. They believe that if there was a more equal distribution of income, then the happiness of that population would vastly increase. The textbook mentions that countries that have a more equal distribution of income tend to have lower rates of infant mortality, life expectancy, malnutrition, obesity, teenage pregnancy, economic insecurity, personal anxiety, and other measures, in comparison to countries that have a larger income inequality, such as the United States (Shaw, 2017, p. 92). It is even believed that income equality can promote economic growth (Shaw,…
