ECO654 - Chapter 3 PDF

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income inequality poverty measurement economic policies development economics

Summary

This document is a chapter on measuring inequality and poverty, including discussions on various indices and concepts, such as the Lorenz curve, Gini coefficients, absolute poverty, and multidimensional poverty. It also delves into economic characteristics of high-poverty groups, the role of women in poverty, and strategies for reducing poverty and inequality, like progressive income and wealth taxes, and direct transfer payments. It could be a supplementary text for an economics course at the undergraduate level.

Full Transcript

Measuring ⚬ Inequality ⚬ Size Distribution Size Distribution Size Distribution Size Distribution Size Distribution Size Distribution Income Inequality Lorenz Curve Gini Coefficients...

Measuring ⚬ Inequality ⚬ Size Distribution Size Distribution Size Distribution Size Distribution Size Distribution Size Distribution Income Inequality Lorenz Curve Gini Coefficients Gini Coefficients Measuring Absolute Poverty Income Poverty Poverty in Malaysia Poverty in Malaysia Poverty in Malaysia Poverty in Malaysia Poverty in Malaysia ⚬ ⚬ Poverty in Malaysia Poverty in Malaysia Poverty in Malaysia Total Poverty Gap Total Poverty Gap Total Poverty Gap The Foster-Greer- Thorbecke Index Multidimensional Poverty Multidimensional Poverty Multidimensional Poverty Multidimensional Poverty Multidimensional Poverty Malaysia's MPI Malaysia's MPI Malaysia's MPI Economic Characteristics of High-Poverty Groups Children and Poverty Women and Poverty Women and Poverty Women and Poverty Women and Poverty Women and Poverty Women and Poverty Women and Poverty Women and Poverty Women and Poverty Growth and Poverty Growth and Poverty Growth and Poverty Areas of Intervention Areas of Intervention ⚬ Areas of Intervention ⚬ The functional income distribution of an economy translated into size distribution by knowledge of how ownership and control over productive assets and labor skills are concentrated and distributed throughout the population. Areas of Intervention ⚬ Through progressive taxation of personal income and wealth. ⚬ Areas of Intervention ⚬ Altering the functional distribution of income through relative factor prices Modifying the size distribution through increasing assets of the poor Modifying the size distribution through increasing assets of the poor Modifying the size distribution through increasing assets of the poor Modifying the size distribution through increasing assets of the poor Modifying the size distribution through increasing assets of the poor Modifying the size distribution through increasing assets of the poor Modifying the size distribution through increasing assets of the poor Progressive Income and Wealth Taxes Progressive Income and Wealth Taxes Progressive Income and Wealth Taxes Progressive Income and Wealth Taxes Direct transfer payments and the public provision of goods and services Direct transfer payments and the public provision of goods and services Applying insights from Behavioural Economics to address poverty

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