Income Inequality Essay

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Introduction People are expected to have a peaceful life; full of fun and learning from the experiences that they participate in throughout their life. This is an ideal expectation that every human-being would like to achieve, but the world today has many problem that block people from achieving what they expect to achieve. The problem that people facing is income inequality. It is a big problem that creates an impact on every person and every nation. According to the article “World Economic Trends in the Distribution of Income, 1965-1992”, it said “the majority of the world’s total income inequality is between-nation inequality, not within-nation inequality (Korzeniewicz & Moran, 1997)”. The statistic of Glenn Firebaugh (2000) also shows …show more content…

This means that the inequality of income within a country is a smaller problem compared to the inequality of income between nations. People are coming up with three categories to classify the levels of income inequality between different countries around the world. This category focuses on the economic development of each country. They are the high-, middle-, and low-income countries. Since the income inequality occurs in every country in the world, people are coming up with a question about the effect of the income inequality. Does the income inequality affects the life of people? The answer to this question is yes, because there is a lot of studies that are related to the income inequality and the people from different parts of the world. Many of these studies also provide some evidences and trends on how income inequality between countries …show more content…

It make low-income country becomes poorer, while it only creates a smaller impact on the rich nation. According to the article from (Kawachi et. al, 1997), they are examining the relationship between the income inequality, social capital, and mortality in the high-income nation, United States. They study and analyze data from 39 states of the United States and conducted a survey. Their data support the idea that income inequality leads to an increase of the motility rate by a disinvestment in social capital. They define a social capital as the features of social organization that help people collaborated for mutual benefit. The data show that as the income inequality rise, the mortality also increases. This Source would provide a good data about the effect of mortality in the high-income

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