SOC 203 Lecture Notes - Lecture 6: Aboriginal Peoples In Canada, Poverty Trap, Wealth Inequality In The United States
23 Apr 2016
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Document Summary
Financial assets are more important then non financial assets and were a bigger portion of the total in 2006. Financial assets the bigger one was shares and bond, for nonfinancial assets the biggest one was real estate/residential structures. Sampling error: (1) some people refused to be interviewed, (2) people refuse to report certain items, or make mistakes. The real wealth in canadian families has risen in recent years between 1984-2005 (2. 5%), but higher in 1999-2005 (3. 7%) Gini coefficient the closer to 0 it is the more equal the farther from 0 the more unequal, the closer it is to 1 the more unequal it is, 1 is the most unequal it can be. There was more unequal distribution in 2005 then in 1984 and 1999. Canada has less unequal distribution then the united states. World wealth is distributed less equally then world income. In 2001 canada had a lower gain coefficient then the united states did.
