SOC 1101 Lecture Notes - Lecture 3: Gini Coefficient, Social Stratification, Null Hypothesis
4 Mar 2017
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Social stratification: way in which society is organized in layers. Today, avg worker earns more b/c more skills and has more technology for greater production efficiency. Avg simplify reality since income is not equally shared. Income quintile share: measures share of total income earned by each income-ranked. Gini coefficient: proportion of total income that would have to be redistributed for perfect quality to exist (0-1) Human capital: sum of skills and knowledge of an individual. Cultural capital: stock of knowledge, tastes, habits that legitimate maintenance of status and power (ability to impress, influence) *inequality : indiv experiences shaped by historical social arrangements. For top group, wealth is much greater than income, for middle and lower group,s wealth is about same as income. *only small correlation between wealth and income. Low income cut off: ca"s te(cid:396)(cid:373) fo(cid:396) i(cid:374)(cid:272)o(cid:373)e th(cid:396)eshold (cid:271)elo(cid:449) (cid:449)hi(cid:272)h a fa(cid:373)il(cid:455) uses 20% o(cid:396) more of their income for essentials than an average family.
