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Unequal access to education in the United States results in unequal outcomes for students. Disparities in academic access among students in the United States are the result of multiple factors including government policies, school choice, family wealth, parenting style, implicit bias towards students' race or ethnicity, and the resources available to students and their schools.
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.
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.
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.
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.
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]
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 ...
Income inequality generally reduces government net lending/borrowing for all the countries. Economic growth, they find, leads to an increase of income inequality in the case of the UK and to the decline of inequality in the cases of the US and Canada. At the same time, economic growth improves government net lending/borrowing in all the countries.