Suppose the bottom 50 percent of a population (in terms of earnings) all receive an equal share of p percent of the nation’s income, where 0 ≤ p ≤ 50. The top 50 percent of the population all receive an equal share of 1 - p percent of the nation’s income. a. For a ny s uch p, what is the Gini coefficient for the country? b. For any such p, what is the 90-10 wage gap?
Suppose the bottom 50 percent of a population (in terms of earnings) all receive an equal share of p percent of the nation’s income, where 0 ≤ p ≤ 50. The top 50 percent of the population all receive an equal share of 1 - p percent of the nation’s income. a. For a ny s uch p, what is the Gini coefficient for the country? b. For any such p, what is the 90-10 wage gap?
Chapter30: The Labor Market
Section: Chapter Questions
Problem 11E
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Suppose the bottom 50 percent of a population (in terms of earnings) all receive an equal share of p percent of the
a. For a ny s uch p, what is the Gini coefficient for the country?
b. For any such p, what is the 90-10 wage gap?
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