Income Inequality and Poverty — Measuring Disparities, Redistribution, and Policy Solutions Explained | Chapter 20 of Principles of Microeconomics
Income Inequality and Poverty — Measuring Disparities, Redistribution, and Policy Solutions Explained | Chapter 20 of Principles of Microeconomics How is income distributed across society, and what roles do government and policy play in addressing economic disparities? Chapter 20 of Principles of Microeconomics examines the causes and consequences of income inequality and poverty, the measurement challenges involved, and the philosophical and practical debates surrounding redistribution and poverty alleviation. 🎥 Watch the full chapter summary below and subscribe to Last Minute Lecture for more textbook breakdowns and academic study guides! Measuring Income Inequality and Poverty Income inequality reflects how unevenly income is shared across households. In the U.S., the top quintile earns nearly half of all income, while the bottom quintile earns a small fraction. The poverty rate measures the share of the population living below the government-defined pove...