Exam 23: Income Inequality, Poverty, and Discrimination

If a prejudiced white employer behaves as if there is a disutility from hiring an African-American worker, then this disutility is measured by the

One basic argument for redistributing income to achieve more equality rests on the idea of maximizing the society's total utility when there is diminishing marginal utility from income.

The taste-for-discrimination model examines an employer's prejudice and discrimination in hiring by using tools of

From 1995 to 2007 in the U.S., the median and average family wealth adjusted for inflation both

Which of the following is not a major complaint about the official income data used in measuring poverty?

For an employer biased against African Americans, the discrimination coefficient d

Of the following groups, which had the highest incidence of poverty in 2014?

In 2010, the top 1 percent of households in the U.S. owned about what percentage of total wealth in the nation?

(Consider This) According to economists Krueger and Perri,

The Gini coefficient or ratio is a summary measure of income inequality derived from the Lorenz curve.

Which of the following statements applies to the Social Security program?

The difference between income and wealth is that income

An example of a social insurance program is , whereas an example of a public assistance program is .

The crowding model of occupational segregation shows how white males earn higher incomes at the expense of women and minorities who are restricted to a limited number of occupations.

The unequal distribution of wealth among households in the United States is one of the causes of income inequality.

Which of the following statements about the Temporary Assistance for Needy Families (TANF) program is not true?

The Gini ratio of income inequality ranges between

The percentage of the U.S. population living in poverty during the 2000 to 2014 period

An employer is prejudiced, prefers to hire white rather than Hispanic workers, and is willing to pay higher wages to obtain white workers. This illustrates

Assume that all workers are equally productive, but the wage rate for men is $12, compared to $9 for women. An employer who employs only male workers must have a discrimination coefficient of