Economics (McConnell), 18th Edition
Income Inequality, Poverty, and Discrimination
IN THIS CHAPTER YOU WILL LEARN:
- How income inequality in the United States is measured and described.
- The extent and sources of income inequality.
- How income inequality has changed since 1970.
- The economic arguments for and against income inequality.
- How poverty is measured and its incidence by age, gender, ethnicity, and other characteristics.
- The major components of the income-maintenance program in the United States.
- About labor market discrimination and how it might affect hiring decisions and wages.