Economics (McConnell), 18th Edition

Chapter 20: Income Inequality, Poverty, and Discrimination

IN THIS CHAPTER YOU WILL LEARN:

1. How income inequality in the United States is measured and described.



2. The extent and sources of income inequality.



3. How income inequality has changed since 1970.



4. The economic arguments for and against income inequality.



5. How poverty is measured and its incidence by age, gender, ethnicity, and other characteristics.



6. The major components of the income-maintenance program in the United States.



7. About labor market discrimination and how it might affect hiring decisions and wages.