Economics 1021A/B Study Guide - Quiz Guide: Economic Inequality, Glass Ceiling, Social Inequality

• School: Western University
• Department: Economics
• Course: Economics 1021A/B
• Professor: bruce hammond

Document Summary

Primary personal attributes relevant to inequality location, class, gender, race: secondary: age, ability/disability, luck/effort, location. It also depends on where you live in the country, the urban-rural differences, and neighbourhood differences: class. Mostly the distribution of income and wealth: capital owns the means of production; labour does not, landowners and tenants. Gender is not the same as sex; it refers to socially constructed roles for men and women, not biologically determined ones: gender wage gap is the clearest numerical expression of the inequality. Devaluation thesis: culturally, women are commonly deprecated and thus, by association, the work that they typically do is undervalued. Glass ceiling: under-representation among the higher positions in many occupations: race. Relates closely to gender and class inequality, but even though there is absolutely no scientific proof that different races should be classified differently, racism persists: racism is socially constructed. Some economist say that capitalism should reduce racism, because it is bad for competition.