UCSC ECON 101 - 01 - 197,3 (2 pages)

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197,3



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197,3

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School:
University of California, Santa Cruz
Course:
Econ 101 - 01 - Managerial Econ
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Yin1 Hongjie Yin Blake 1408480 Econ 197 Assignment 4 Topic Proposal and Annotated Bibliography Income inequality is likely in U S economy is less likely to decrease because of the resultant forces of many factors Those factors include racial diversity demographic distribution and distribution of education These factors are not only the characteristics defining U S but also the reasons contributing to income inequality The U S society is famous for its racial diversity Observing from statistics income differences among races are obvious The differences of income among races contribute to income inequality and racial income inequality causes reducing trust thus further increases racial fragmentation and causes further increase in income inequality Also the unique demographic distribution and aging factor enlarge income inequality The State s spreading out demographic distribution increases income inequality because people at different age earns different levels of income when given other factors are equal Therefore income inequality tends to grow in U S economy Source 1 Park Gowun 2017 Three essays on inequality in the united states Available from EconLit 1983784999 1677467 Retrieved from https search proquestcom oca ucsc edu docview 1983784999 accountid 14523 This source derives the reasons behind income inequalities using U S economy as a prototype First essay divides income inequality into several components such as wage inequality interest inequality ect Second essay focuses on factors that contribute to wage inequality and third essay relates the income inequality to characteristics of the U S society This source provides facts statistics and analysis of income inequality of U S economy It is an information provider where many information can be used as evidences to support my thesis The source provides plenty of factors that could result in income inequality such as retirement income and self employment income Those are valuable Yin2 components that I could use when developing arguments This source can be used as a toolbox that I could choose the information I needed and put them in use Source 2 Bureau of Census Mean Earnings By Highest Level Of Education Or Degree And Selected Characteristics 2016 By Age Sex And Race ProQuest Statistical Abstract of the U S 2018 Online Edition Ed ProQuest 2018 Web ProQuest Statistical Abstract 07 18 https statabs proquest com oca ucsc edu sa docview html table no 254 accno C7095 1 4 year 2018 z A6DEFF473A4D8B7E5B5FD747822E0C8BA32A020A This source is a table that depicts the position correlation between wages and education levels Notably the table displays several groups such as aging gender and race In this way it is obvious to compare the wage differences among different ages genders and races at a certain education level Also table shows the mean wage of each group This source provides numerical evidence to support the income inequality among demography and races This source helps when adding data and statistic of real U S demographic distribution and racial distribution Also the source reflects the spreading out distribution of education could also increase income inequality Source 3 Tesei A 2014 Trust racial fragmentation and income inequality New evidence from the U S CESifo Group Munich CESifo Working Paper Series 4718 Retrieved from https search proquest com oca ucsc edu docview 1531424186 accountid 14523 This source uses studies to support the assertion that racial income inequality reduces trust Low trust would result in further racial fragmentation and further racial income inequality Therefore this source tells a story of endogenous mechanism of income inequality This can be used as an evidence to support increasing trend of income inequality The studies in the source can be cited as a convincing evidence Source 4 Apergis N Dincer O Payne J E 2011 On the dynamics of poverty and income inequality in US states Journal of Economic Studies 38 2 132 143 Retrieved from https search proquest com oca ucsc edu docview 886915660 accountid 14523 The source describes the bidirectional relationship between poverty and income inequality It incorporates studies of multivariate framework using data set of 50 states in the U S to prove the endogenous increase of income inequality This source could be used as evidence to support increasing trend of income inequality in U S economy The bidirectional relationship between poverty and income inequality can be used as the argument to support my thesis


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