SY101 Chapter Notes - Chapter 6: Economic Inequality, Social Stratification, Impression Management
8
SY101 Full Course Notes
Verified Note
8 documents
Document Summary
Patterns of social inequality: assets minus liabilities, give you political influence, improves health, get policies you favour into laws, longer life b/c you have advantages, dividing canadian families into fifths. Amount of money earned in given period. Canadian family 71,900: averages increases b/c inflation, # of workers increased (women working in families, canadian earn more, more productive. Unequal distribution when one quintile earns majority. Equal distribution when each quintile earns 20 % Rich growing income gaps becoming larger. Richest lose money from taxes inorder to help welfare the poorer quintiles. Richest quintile lose about fifth of income. Poorest quintile increase about 2/3 of income. Person"s job influences their position in the quartiles. People who work more earn more: explain income equality. Human capital (123): investment in education and training: investment in skills and abilities. Social capital (123): the networks/connections an individual posses: likely to succeed strong bonds of trust/cooperation/respect, strong links opportunities.
