In economies, people receive different incomes {income, economy} depending on skills, education, experience, responsibilities, and rank.
inequality measures
Governments measure income inequality {Lorenz curve} {Gisi coefficient}.
policies
Government policies can increase income equalization.
School loans and scholarships {education grant} improve worker incomes later.
Unemployment payments, disability payments, illness payments, and old-age payments {transfer payment, income} provide money directly to people unable to work. Anti-poverty programs, retraining grants and programs, aid to dependents, and aid to handicapped people {welfare, income} provide money indirectly to people unable to work.
Progressive taxation takes more money from higher-income people and less from poorer people. Taxes on wealth take money from rich people.
Laws against discrimination help people have equal opportunity to get income.
Savings bonds allow people to receive income later.
Wages and salaries {labor value}, set in labor market, determines income. Money value, set in money market, also determines people's income.
Social Sciences>Economics>Macroeconomics>Measurement>Measure
6-Economics-Macroeconomics-Measurement-Measure
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Date Modified: 2022.0224