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Labor Econ Assignment on Income Inequality

Labor Econ Assignment on Income Inequality. Say you have three economies with with the following income distributions, listed by low % of income to high % of income in quintiles. Country low qunit next quint 3 rd 4 th 5 th Mycountry 10 15 20 25 30 Yourcountry 20 20 20 20 20

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Labor Econ Assignment on Income Inequality

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  1. Labor Econ Assignment on Income Inequality

  2. Say you have three economies with with the following income distributions, listed by low % of income to high % of income in quintiles. Country low qunit next quint 3rd 4th 5th Mycountry 10 15 20 25 30 Yourcountry 20 20 20 20 20 Theothercountry 1 1 1 1 96 Make one graph. Draw in a reasonable representation of the Lorenz curve for each country. Calculate the Gini coefficient in each country. Write a few sentences comparing the degree of income equality/inequality between the countries.

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