Sign In
Not register? Register Now!
Essay Available:
Pages:
11 pages/≈3025 words
Sources:
Check Instructions
Style:
APA
Subject:
Business & Marketing
Type:
Essay
Language:
English (U.S.)
Document:
MS Word
Date:
Total cost:
$ 47.52
Topic:

The Education and Income Inequality

Essay Instructions:

Prior to beginning work on the Final Paper, read Steven Strauss’ article, The Connection Between Education, Income Inequality, and Unemployment (Links to an external site.). In your Final Paper, you should address the following based on the information presented in the article and other research:
Describe how a country can measure its income inequality.
Evaluate the effect of income inequality on the U.S. economy, such as unemployment, economic growth, and other economic factors.
Estimate the gap between those who hold bachelor’s and higher (master or doctoral) degrees and those who do not.
Explain reasons why the inequality gap between educated and less-educated workers has been widening.
Evaluate whether increasing opportunities for higher education can reduce income inequality.
Analyze what else causes U.S. income inequality to widen.
Recommend how to reduce educationally based income inequality or other factors if you were a federal policy maker.
The Education and Income Inequality Final Paper
Must be eight to 10 double-spaced pages in length (not including title and references pages) and formatted according to APA style as outlined in the Ashford Writing Center’s APA Style resource (Links to an external site.).
Must include a separate title page with the following:
Title of paper
Student’s name
Course name and number
Instructor’s name
Date submitted
For further assistance with the formatting and the title page, refer to APA Formatting for Word 2013 (Links to an external site.).
Must utilize academic voice. See the Academic Voice (Links to an external site.) resource for additional guidance.
Must include an introduction and conclusion paragraph. Your introduction paragraph needs to end with a clear thesis statement that indicates the purpose of your paper.
For assistance on writing Introductions & Conclusions (Links to an external site.) as well as Writing a Thesis Statement (Links to an external site.), refer to the Ashford Writing Center resources.
Must use at least five scholarly, peer-reviewed, and/or other credible sources in addition to the course text.
The Scholarly, Peer-Reviewed, and Other Credible Sources (Links to an external site.) table offers additional guidance on appropriate source types. If you have questions about whether a specific source is appropriate for this assignment, please contact your instructor. Your instructor has the final say about the appropriateness of a specific source for a particular assignment.
Must document any information used from sources in APA style as outlined in the Ashford Writing Center’s Citing Within Your Paper guide (Links to an external site.).
(Links to an external site.)Must include a separate references page that is formatted according to APA style as outlined in the Ashford Writing Center. See the Formatting Your References List (Links to an external site.) resource in the Ashford Writing Center for specifications.
Carefully review the Grading Rubric (Links to an external site.) for the criteria that will be used to evaluate your assignment.

Essay Sample Content Preview:

Education and Income Inequality
Name
Institution
Course
Date
EDUCATION AND INCOME INEQUALITY
Over the past few years, there have been high and rising levels of income inequality in America. Additionally, the rates of unemployment and attainment of education are related to each other. These factors can be related to income inequality. When a country is educated, there are low levels of unemployment rates. Sometimes those individuals who have low educational attainment drift between recession and depression while those that have high educational attainment experience increased wealth, little recessions and depressions. The purpose of this assignment is to establish a connection between income inequality, education, and unemployment. The paper will also discuss how income inequality can be measured and the effects of income inequality on the economy of the United States.
Methods of measuring income inequality
In the United States, income inequality has been received as a very significant problem over the past few years (Stelzner, 2015). According to the Census Bureau, income inequality had reached its highest level in 2019 (Rothwell, 2019). Additionally, how income inequality is understood by people has an impact on the amount of income inequality a nation is likely to experience. Income inequality might seem to be a simple term but it means a lot of things depending on the point of view (Cowell, 2011). According to Piketty & Goldhammer (2017), today wealth is more unequally distributed than income. The following are some of the methods that can be used to measure income inequality.
1. Use of Quintiles to measure Income inequality
This is one of the common ways of measuring income inequality. This method positions the household by income that is from the lowest to the highest (Rothwell, 2019). After ranking, the next step is allocating all the households into groups of five with an equal number of individuals (quintiles) (Perez-Arce, Amaral, Huang & Price, 2016). This computation enables economists to ration income distribution among the groups and equate it to the total income (Rothwell, 2019). The first quintile is normally the lowest fifth while the second quintile is the next lowest (Odusola, Cornia, Bhorat, Conceição & United Nations Development Programme, 2017).
2. Use of Lorenz Curve
When measuring income inequality, data that is obtained can be manipulated in different ways. When using the Lorenz curve to ration income inequality, the percentiles of the population are plotted on the horizontal axis according to income (Odusola, Cornia, Bhorat, Conceição & United Nations Development Programme, 2017). The curve also shows the aggregate population on the horizontal axis and the aggregate proportion of the income that is received in the vertical axis (Piketty & Goldhammer, 2017). Each illustration of the Lorenz curve starts with a line that is sloping up to a 45-degree angle. A dashed-line is used in the curve. The Lorenz curve is commonly used to indicate income inequality because it can determine inequality in all systems (Cowell. 2011). In a Lorenz curve, more income inequality shifts away from the 45-degree line while the equal distribution of income moves closer to th...
Updated on
Get the Whole Paper!
Not exactly what you need?
Do you need a custom essay? Order right now:
Order

👀 Other Visitors are Viewing These APA Essay Samples:

HIRE A WRITER FROM $11.95 / PAGE
ORDER WITH 15% DISCOUNT!
Order Now