Income Inequality: Difference between revisions
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[https://www.oecd.org/en/data/indicators/income-inequality.html by OECD] | [https://www.oecd.org/en/data/indicators/income-inequality.html by OECD] | ||
Income is defined as household disposable income in a particular year. It consists of earnings, self-employment and capital income and public cash transfers however, income taxes and social security contributions paid by households are deducted. Inequality is also described as the gap between rich and poor, income inequality, wealth disparity, wealth and income differences, or the wealth gap. | Income is defined as household disposable income in a particular year. It consists of earnings, self-employment and capital income and public cash transfers however, income taxes and social security contributions paid by households are deducted. Inequality is also described as the gap between rich and poor, income inequality, wealth disparity, wealth and income differences, or the wealth gap. | ||
=====Poverty, Income Inequality and Economic Growth===== | |||
[https://www.economicshelp.org/macroeconomics/inequality/poverty-inequality-economic-growth/ by Tejvan Pettinger 28/11/16 ECONOMICS] | |||
Economic growth often creates the best opportunities for those who are highly skilled and educated. In recent years, in the UK, we have seen faster wage growth for highly paid jobs than unskilled jobs. | |||
