Government strives to achieve many goals including the realization of an equitable distribution of income. What are your recommendations for an equity-oriented public policy which bears Pareto optimality as a goal?
In this assignment, you will collect, tabulate, and analyze data for the purposes of producing a report making recommendations for public policy.
Step 1. Research
Conduct research gathering historical data on income distribution and investigating Gini coefficients. Consult resources on the Learning Objects page to explore current data on the United States Census Bureau website.
Step 2. Analyze
Analyze the data in terms of changes both between two years and across two or more countries or demographic groups.
Step 3. Conclude
Draw conclusions from your analyses of the Gini index and the movement toward Pareto optimality.
Step 4. Recommend
Devise a set of recommendations for public policy to achieve a more favorable distribution of income within the next five years. Include APA-formatted in-text citations to support your report.
Step 5. Submit
Submit your APA-formatted title page, 2- to 3-page analysis and recommendations, and a reference page.
WEBSITES THAT WILL BE BENEFICIAL TO THIS ASSIGNMENT ARE:
Income Inequality Data Tables (census.gov)
Market Failure by Dale Plotzki on Prezi
PRINCIPLES OF MICROECONOMICS – THESE ARE THE CHAPTERS THAT ARE IMPORTANT FOR THIS MODULE
Section 3.2: Shifts in Demand and Supply for Goods and Services, pp. 54–63
Chapter 7: Production, Costs, and Industry Structure, pp. 157–186
Chapter 8: Perfect Competition, pp. 187–213
Chapter 10: Monopolistic Competition and Oligopoly, pp. 237–256
Chapter 12: Environmental Protection and Negative Externalities, pp. 281–304
Section 15.4: Income Inequality: Measurement and Causes, pp. 370–375
Section 15.5: Governmental Policies to Reduce Income Inequality, pp. 376–380