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In 2002, a "maximum-fee" system was introduced in Sweden that states that costs for childcare may be no greater than 3% of one's income for the first child, 2% for the second child, 1% for the third child, and free of charge for the fourth child in pre-school. 97.5% of children age 1–5 attend these public daycare centers.
The Learning Policy Institute concluded from a longitudinal study in 2018 demonstrating that "a 21.7% increase in per-pupil spending throughout all 12 school-age years was enough to eliminate the education attainment gap between children from low-income and non-poor families and to raise graduation rates for low-income children by 20 percentage ...
Buildings in Rio de Janeiro, demonstrating economic inequality. Effects of income inequality, researchers have found, include higher rates of health and social problems, and lower rates of social goods, [1] a lower population-wide satisfaction and happiness [2] [3] and even a lower level of economic growth when human capital is neglected for high-end consumption. [4]
Income inequality is a discussion that’s been surfacing off and on for years now, but thanks to presidential politics, it’s once again in the headlines.
Wealth and income inequality in the United States is large and growing. "The upper 1 percent of Americans are now taking in nearly a quarter of the nation's income every year. In terms of wealth ...
Another just-released study, this one from veteran inequality economist Emanuel Saez, shows income for the top 1 percent has grown at nearly twice the rate as the bottom 99 percent since 1998.
While pre-tax income is the primary driver of income inequality, the less progressive tax code further increased the share of after-tax income going to the highest income groups. For example, had these tax changes not occurred, the after-tax income share of the top 0.1% would have been approximately 4.5% in 2000 instead of the 7.3% actual figure.
According to the Federal Reserve, this represents one of the largest three-year rises in inequality in recent US history. If your annual salary is around the median, or about $70,000, the cards ...