Education and Income Inequality ECO 204: Principles of Microeconomics Economists have several metricsfor measuring income inequality and it depends on the country as to which way it is measured. The most commonly used
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Education and Income Inequality ECO 204: Principles of Microeconomics Economists have several metricsfor measuring income inequality and it depends on the country as to which way it is measured. The most commonly used measures are the Atkinson index, the Lorenz curve, Gini index, decile ratios, the Palma ration, and the Theil index. Here in the United States, the U.S. Census Bureau publishes various measures of income inequality each year. They use data from three surveys- the Current Population Survey Annual Social and Economic Supplement, the American Community Survey, and the Survey of Income and Program Participation (United States Census Bureau, 2020). These surveys layout the way that income and wealth are distributed across the United States.The U.S. Census Bureau uses aggregate household income from each quintile along with the Gini index for income distribution measures. They . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . .. .. . . . . . . . . . . . . . . . . . .. . . . .
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