40 %
60 %
Information about poverty

Published on November 29, 2007

Author: Ming

Source: authorstream.com

Income and Wealth Distribution:  Income and Wealth Distribution Income and Wealth Distribution:  Income and Wealth Distribution Poverty:  Poverty Poverty:  Poverty Absolute Poverty: A situation where individuals do not have access to the basic requirements of life – food, shelter, clothing. Relative Poverty: A situation where individuals are excluded from being able to take part in what are considered the normal, acceptable standards of living in a society. Poverty:  Poverty Difficulties of drawing the line between those ‘in poverty’ and those outside. What do we mean by food, clothing and shelter? Is living in a sewer a form of shelter? Does having some clothing mean that you are not experiencing absolute poverty? Poverty:  Poverty In the UK – low income threshold – 60% of the median income. This means 12.5 million people living below this level – a poverty line? Links between ‘low pay’/poverty line and health, crime, education levels, social problems. The latter also represents a significant ‘social cost’ (negative externality) to the government Poverty Trap:  Poverty Trap Where those on the poverty line may not benefit from getting paid work – they might be better off staying on benefits! e.g. Family, three children, without work, income = £120 in benefits of various sorts. One parent gets a job earning £140 but after tax and national insurance has a take home pay of £110! Measurements:  Measurements Measurements of Income Distribution:  Measurements of Income Distribution Lorenz Curve: A curve showing the proportion of national income earned by a given percentage of the population. e.g what proportion of national income is earned by the top 10% of the population? Lorenz Curve:  Lorenz Curve % of National Income Percentage of Population This line represents the situation if income was distributed equally. The poorest 10% would earn 10% of national income, the poorest 30% would earn 30% of national income. 10% 10% 30% 30% Slide11:  Lorenz Curve % of National Income Percentage of Population The Lorenz Curve will show the extent to which equality exists. The greater the gap between the line of equality and the curve the greater the degree of inequality. 30% 20% In this example, the poorest 30% of the population earn 20% of the national income. 7% In this second example, the Lorenz curve lies further below the line of equality. Now, the poorest 30% only earn 7% of the national income. Gini Coefficient:  Gini Coefficient Enables more precise comparison of Lorenz Curves The proportion of the area taken up by the Lorenz Curve in relation to the overall area under the line of equality Gini Coefficient:  Gini Coefficient % of National Income Percentage of Population The area bounded by the Lorenz Curve Wealth:  Wealth Wealth:  Wealth A STOCK as opposed to income which represents a FLOW Measures wealth at a point in time Wealth can be measured by reference to type of asset representing the stock. Types of Asset:  Types of Asset Shares Houses Bank deposits Land Building Society Accounts Currency holdings Buildings Machinery and Equipment Gold Etc. We are considerably richer than you! Title: The Fullers. Copyright: Getty Images available from Education Image Gallery Income Distribution:  Income Distribution Income represents a FLOW £x per week, month, year, etc. Income can be in the form of: Wages Rents Dividends Interest Pensions Benefit payments Income from self employment Inheritance Income Distribution:  Income Distribution Income can be earned income (from employment, etc.) or Unearned income – inheritance, benefit payments, pensions, etc. Income Distribution:  Income Distribution Redistribution of Income:  Redistribution of Income Taxation:  Taxation Costs Market Distortion Administrative Costs Incentives May not impact because some will not be paying tax Can be avoided May not be targeted at those who need the help Benefits Reduction in poverty levels Can be used to provide incentives Legislation:  Legislation Minimum Wage – targets those on ‘low wages’ but what is the right level? Discrimination – reducing the impact of racial, sexual and disabled incidences of discrimination Regulation – Employment related regulation Equity:  Equity Causes of Inequality:  Causes of Inequality Individual National Individual:  Individual Ownership of resources – housing, land, etc. Qualifications Motivation Skills Ability Family size National:  National Factor endowments (land, labour, capital) Size and quality of labour force Climate Stage of economic development Economic Power – ability to be able to dictate terms with suppliers, buyers, etc.

Add a comment

Related presentations

Related pages

dict.cc Wörterbuch :: poverty :: Deutsch-Englisch-Übersetzung

Englisch-Deutsch-Übersetzung für poverty im Online-Wörterbuch dict.cc (Deutschwörterbuch).
Read more

Poverty - Wikipedia

Poverty is general scarcity or the state of one who lacks a certain amount of material possessions or money. It is a multifaceted concept, which includes ...
Read more

Poverty | Society | The Guardian

Letters: Whether through enabling tax-dodging, the actions of our corporations, or our contributions to climate change, the UK causes far more poverty in ...
Read more

Poverty.com - Hunger and World Poverty

See a brief, simple display about world poverty. Animated maps show how often people die of hunger, AIDS, malaria, and preventable diseases.
Read more

Causes of Poverty — Global Issues

Contains information of the causes of poverty, its impact, economic democracy, and facts and statistics.
Read more

dict.cc | poverty | Wörterbuch Englisch-Deutsch

Übersetzung für poverty im Englisch-Deutsch-Wörterbuch dict.cc. ... Limited Input Mode - Mehr als 1000 ungeprüfte Übersetzungen! Du kannst trotzdem ...
Read more

Poverty | Data

Poverty from The World Bank: Data ... For countries with an active poverty monitoring program, the World Bank—in collaboration with national institutions ...
Read more

Poverty - definition of poverty by The Free Dictionary

As she said, she was `fond of luxury', and her chief trouble was poverty.
Read more

Poverty in the United States - Wikipedia

United States Department of Health and Human Services (HHS) figures for Federal Poverty Level in 2015; Persons in Family Unit 48 Contiguous States
Read more

Poverty Home - World Bank

Information about poverty, its assessment, its impacts, and initiatives to reduce poverty internationally. Includes a special collection of the "literature ...
Read more