Travis Roach
  • Home
  • Research
  • Teaching
  • CV
  • Current Classes
    • MBA 5042
  • Media

Gini in a Bottle

11/2/2011

 
I love a story that has two of my favorite things, economics and candy corn. In this short audio clip the income growth of poor, middle income, and wealthy (top one percent) Americans is explained. Are you surprised by which groups income has grown the most?

This is a topic that is looked at often in Public Economics courses if you are interested. One measure of income equality is the Gini coefficient. If the Gini coefficient is 0, then income is completely equal, and if it is 1 then it is the highest possible inequality. For the record the USA has a Gini coefficient in the .45-.49 range (according to Wikipedia). In your opinion should the Gini coefficient be 0? Or, is some inequality a good thing?
10363181
2/20/2012 11:50:22 am

I am a little surprised that the rich grew so much more over the years rather than the middle and low class. I would figure there would be a more increase in the middle class because people who are in the low class one would think they would work hard and strive to get into the middle class section. In to days world more people are getting more educated and earning degrees but that is obviously not helping that much as the rich just significantly get richer. and i feel that some inequality is a good thing because it makes people want to strive and do better to move up in class. If the Gini coefficient is 0 then there be less competition.


Comments are closed.

    About the Blog

    This is the blog containing resources for all courses and presentations. For updates on required current events readings, podcasts, and videos subscribe to the RSS Feed

    RSS Feed

    Archives

    July 2017
    September 2016
    August 2016
    June 2014
    February 2014
    November 2013
    October 2013
    September 2013
    July 2013
    June 2013
    May 2013
    March 2013
    February 2013
    January 2013
    November 2012
    October 2012
    September 2012
    August 2012
    July 2012
    April 2012
    March 2012
    February 2012
    January 2012
    December 2011
    November 2011
    October 2011
    September 2011
    August 2011
    June 2011

    Categories

    All
    Addiction
    Apple
    Banks
    Beer!
    Campaign Finances
    Capitalism
    Causation
    Champagne
    China
    Communism
    Conspicuous Conservation
    Cost Of College
    Cotton
    Creative Destruction
    Demand
    Democracy
    Drought
    Elasticities
    Elasticity
    Election
    Electric Cars
    Employment
    Environment
    Ethics
    European Union
    Federal Aid
    Firm Decisions
    Freakonomics
    Freedom
    Free Trade
    Game Theory
    Gender Gap
    Gender Inequality
    Government Aid
    Government Debt
    Human Capital
    Incentives
    Income
    Income Effect
    Income Inequality
    Inferior Goods
    International Trade
    Investment
    Iran
    Job Growth
    Jobs
    Korea
    Labor
    Labor Demand
    Lady Gaga
    Learning
    Metacognition
    Moral Philosophy
    Normal Goods
    Normative
    North Korea
    Obama
    Occupy Wall Street
    Oligopoly
    Parking
    Pizza
    Post Hoc
    Product Differentiation
    Profit Maximization
    Public Economics
    Recession
    Sanctions
    Schumpeter
    Signal Theory
    Sin Tax
    Strike
    Substitution Effect
    Super Bowl
    Supply And Demand
    Teaching
    Texas Tech
    Twitter
    Unemployment
    Unions
    Utility
    Wage Differentials
    Work Study

Powered by Create your own unique website with customizable templates.
  • Home
  • Research
  • Teaching
  • CV
  • Current Classes
    • MBA 5042
  • Media