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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.
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 ...
The fact that so much inequality comes from the labor market is a real clue that much of the answer is that policy changes intentionally disempowered typical workers in their bargaining over wages ...
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.
Consequently, inequality lowers average education and hampers economic growth. [22] Also, in countries with a high burden of this kind, a reduction in fertility can hamper economic growth as well as the other way around. [23] Richer countries have a lower fertility rate than poorer ones, and high income families have fewer kids than low-income ...
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 three concepts: income inequality, how the total sum of money paid to people is distributed among them; wealth inequality, how the total sum of wealth owned by people is distributed among the owners; and ...