Impact of income mobility on income distribution data

Question

Question 1) Explain the distribution of income in United States by personal income categories by families and quintile distribution by families.

Question 2) Describe how the Lorenz curve is used to explain income inequality.

Question 3) Describe the impact of income mobility on income distribution data.

Question 4) Describe the broadened concept of income, that includes the effects of taxes and transfer payments, and how this affects the extent of inequality of income and poverty in the U.S.

Question 5) Write down the seven causes of the unequal income distribution.

Question 6) Explain changes and causes for changes in inequality through the 1929 47, 1947 69, and 1969 96 periods.

Question 7) Mention and evaluate cases for and against income inequality, using the equality vs. efficiency argument.

Question 8) Explain poverty as a Federal government does.

Question 9) Identify the rate of poverty in the U.S., and incidence of poverty for blacks, Hispanics, and female-headed families; identify some of the reasons for the poverty of each group.

Question 10) Recognize the “invisible” poor and provide three reasons for this invisibility.

Question 11) Contrast social insurance and public assistance (welfare) programs.

Question 12) Explain the main social insurance programs.

Question 13) Explain and evaluate the main public assistance (welfare) programs.

Question 14) Explain the differences between social insurance programs and public assistance programs.

Question 15) Explain and evaluate goals and conflicts inherent in public assistant programs. 

Question 16) Describe the criticisms of old welfare system.

Question 17) Explain the main provisions of the Personal Responsibility Act of 1996.