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Statistical discrimination is a theorized behavior in which group inequality arises when economic agents (consumers, workers, employers, etc.) have imperfect information about individuals they interact with. [1] According to this theory, inequality may exist and persist between demographic groups even when economic agents are rational.
The ancient Greek philosophers Plato and Aristotle debated economic equality. Painting by Raffaello Sanzio (1509). According to professor of politics Ed Rooksby, the concept of equality of outcome is an important one in disputes between different political positions, since equality has overall been seen as positive and an important concept that is "deeply embedded in the fabric of modern ...
The mean concentration of results will be designed to a specific population which will limit the data from being externally valid. The axiom may seem hard to understand at first but the overall meaning is that the accumulation of disadvantages can lead to premature mortality, or in simpler terms, younger death.
Global share of wealth by wealth group, Credit Suisse, 2021 Share of income of the top 1% for selected developed countries, 1975 to 2015. Economic inequality is an umbrella term for a) income inequality or distribution of income (how the total sum of money paid to people is distributed among them), b) wealth inequality or distribution of wealth (how the total sum of wealth owned by people is ...
The Theil index is a statistic primarily used to measure economic inequality [1] and other economic phenomena, though it has also been used to measure racial segregation. [2] [3] The Theil index T T is the same as redundancy in information theory which is the maximum possible entropy of the data minus the observed entropy.
In economics, the Gini coefficient (/ ˈ dʒ iː n i / JEE-nee), also known as the Gini index or Gini ratio, is a measure of statistical dispersion intended to represent the income inequality, the wealth inequality, or the consumption inequality [2] within a nation or a social group.
Social inequality usually implies the lack of equality of outcome, but may alternatively be conceptualized as a lack of equality in access to opportunity. [1] Social inequality is linked to economic inequality, usually described as the basis of the unequal distribution of income or wealth.
Economic egalitarianism, a state of economic affairs in which equality of outcome has been manufactured for all participants; Economic inequality, differences in the distribution of wealth and income within or between populations or individuals; Distribution of wealth, comparison of the wealth of various members or groups in a society