POLS2094 Lecture Notes - Lecture 8: Gini Coefficient, Kuznets Curve, Productivity Commission
Document Summary
Inequality: there are many forms of inequality, such as that arising from discrimination on g(cid:396)ou(cid:374)ds of ge(cid:374)de(cid:396), (cid:396)a(cid:272)e, (cid:374)atio(cid:374)alit(cid:455), (cid:396)eligio(cid:374), se(cid:454)ual o(cid:396)ie(cid:374)tatio(cid:374) . Desires, perceptions and actual distribution of australian disposable household incomes. Gini coefficient: the gini coefficient is based on the comparison of cumulative proportions of the population against cumulative proportions of income they receive and it ranges between 0 (perfect equality) and 1 (perfect inequality) Kuznets curve: workers move from country to city or agriculture to manufacturing, kuznets described his paper as 95% speculation. Initially inequality rises but once >50% have moved inequality decreases. The richest: a compiler of an historical rich list for australia concluded these fortunes steadily de(cid:272)li(cid:374)ed as a pe(cid:396)(cid:272)e(cid:374)tage of aust(cid:396)alia"s gdp, this process reached its nadir during the period roughly from 1940-70 only since. Inequality and economic performance: rich people save more so more investment.
