Homework: Microeconomics
Prior to beginning work on the Final Paper, read Steven Strauss' article, The Connection Between Education, Income Inequality, and Unemployment. In your Paper, you should address the following based on the information presented in the article and other research:
o Describe how a country can measure its income inequality.
o Evaluate the effect of income inequality on the U.S. economy, such as unemployment, economic growth, and other economic factors.
o Estimate the gap between those who hold bachelor's and higher (master or doctoral) degrees and those who do not.
o Explain reasons why the inequality gap between educated and less-educated workers has been widening.
o Evaluate whether increasing opportunities for higher education can reduce income inequality.
o Analyze what else causes U.S. income inequality to widen.
o Recommend how to reduce educationally based income inequality or other factors if you were a federal policy maker.
Format your homework according to the following formatting requirements:
o The answer should be typed, using Times New Roman font (size 12), double spaced, with one-inch margins on all sides.
o The response also includes a cover page containing the title of the homework, the student's name, the course title, and the date. The cover page is not included in the required page length.
o Also include a reference page. The Citations and references must follow APA format. The reference page is not included in the required page length.