Income Inequality: Difference between revisions
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[https://www.economicsobservatory.com/what-different-ways-can-policy-makers-address-inequality by Stefanie Stantcheva 27/7/21 Economics Observatory] | [https://www.economicsobservatory.com/what-different-ways-can-policy-makers-address-inequality by Stefanie Stantcheva 27/7/21 Economics Observatory] | ||
Economic and social inequalities take many forms: many have been widened by Covid-19. Across the income distribution, consumption, savings, job losses and the opportunities for remote work have evolved very differently. Across genders and between parents and those without children, the toll of school closures, lack of childcare and additional housework has been uneven. And across regions, sectors and occupations, the pandemic has brought vastly different burdens. | Economic and social inequalities take many forms: many have been widened by Covid-19. Across the income distribution, consumption, savings, job losses and the opportunities for remote work have evolved very differently. Across genders and between parents and those without children, the toll of school closures, lack of childcare and additional housework has been uneven. And across regions, sectors and occupations, the pandemic has brought vastly different burdens. | ||
=====Income inequality is the difference in how income is distributed among the population.===== | |||
[https://www.oecd.org/en/data/indicators/income-inequality.html by Income Inequality] | |||
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. | |||
