Tuesday, January 17, 2006

Income Distribution

Why does no one seem to remember that we did a section on Income Distribution? We went over Lorenz curves and Gini coefficients at the review, but there is more material in the helpful hint on Income Distribution. Some questions I received on this material:

Q: Is poverty rate calculated in terms of people or households?

A: It is calculated in terms of people, which is different from how we calculate quantiles and such.

Q: Is the poverty gap the total amount of money required to get out of poverty or the average amount per person?

A: It is the total amount.


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