The SensagentBox are offered by sensAgent. Income Distribution synonyms. All rights reserved. In the table, fields with a yellow background are used for data input. Income distribution is defined as how the nation's total income is distributed amongst its population. This figure illustrates the definition of the Gini index: in a population in which income is perfectly equally distributed, the distribution of incomes would be represented by the ‘line of equality’ as shown in the chart – 10% of the population would earn 10% of the total income, 20% would earn 20% of the total income … An economy with only a few people should not be automatically judged by the metric as being more equal than a large economy with lots of people. Extreme inequality can effectively reduce access to productivity enhancement measures, or cause such measures to be allocated inefficiently toward those who already have, or can no longer absorb such measures. English thesaurus is mainly derived from The Integral Dictionary (TID). Taxable Income . In most Western societies, an individual tends to start life with little or no income, gradually increase income till about age 50, after which incomes will decline, eventually becoming negative. There is evidence from a broad panel of recent academic studies shows that there is a nonlinear relation between income inequality and the rate of growth and investment. Each square carries a letter. Should it include. Below is a massive list of income distribution words - that is, words related to income distribution. And households have a varying amount of members. Most English definitions are provided by WordNet . Important theoretical and policy concerns include the relationship between income inequality and economic growth. Similarly, the income inequality metric should not depend on whether an economy has a large or small population. If a subsistence farmer in Uganda grows her own grain it will count as income. An inequality metric is a statement simply about how income is distributed, not about who the particular people in the economy are or what kind of income they "deserve". Do government programs support some income groups more than others? For example, in an economy composed of two people, Mr. Smith and Mrs. Jones, where one of them has 60% of the income and the other 40%, the inequality metric should be the same whether it is Mr. Smith or Mrs. Jones who has the 40% share. Compare your income is an OECD's tool that allows you to see whether your perception of income distribution is in line with reality. The parameter pairs A and E need to be sorted for the computation of the Gini coefficient. How the population is spread over an area. Income Distribution refers to the share of total income in society that goes to each fifth of the population, or, more generally, to the distribution of income among Canadian households. This caused confusion. High inequality yields high Theil redundancies. It behaves like a negative entropy. In its weak form it says that if some income is transferred from a rich person to a poor person, while still preserving the order of income ranks, then the measured inequality should not increase. Both very high egalitarianism and very high inequality cause slow growth. Other research (W.Kitterer) shows that in perfect markets inequality does not influence growth. While different theories may try to explain how income inequality comes about, income inequality metrics simply provide a system of measurement used to determine the dispersion of incomes. Choose the design that fits your site. when there is perfect equality. " It is important to understand that an increasing Theil index does not indicate an increasing entropy, instead it indicates an increasing redundancy (decreasing entropy). Inequality and Growth: What Can the Data Say? However, in the real world, societies are open systems, but the openness is restricted by the entropy exchange capabilities of the interfaces between the society and the environment of that society. Synonyms for income include earnings, gains, revenue, pay, proceeds, wages, yield, means, profits and salary. The Gini value for households is always lower than for individuals because of income pooling and intra-family transfers. In a world in which all income was received by just one family, almost 100% of that income would need to be redistributed (i.e., taken and given to other families) in order to achieve equality. Antonyms for Income inequality metrics. How to generate that third Theil index by means of a spreadsheet computation directly from distribution data is shown below. Data have been revised for Belgium and Ireland (income year 2017). Another word for income: revenue, gains, earnings, means, pay | Collins English Thesaurus Countries with a relatively unequal distribution of income find it harder to grow economically in a sustainable way. Investor Words has the following definition of the term: “The distribution of wages earned acros… For example, pay inequality refers to just people’s wages and salaries. ○ Boggle. Income is used in the accounting profession to mean several different things.One meaning of income refers to English Encyclopedia is licensed by Wikipedia (GNU). Applied to the analysis of income inequality within countries, "income" often stands for the taxed income per individual or per household. In its strong form, the measured level of inequality should decrease. A windows (pop-into) of information (full-content of Sensagent) triggered by double-clicking any word on your webpage. Often expenditure or consumption (which is the same in an economic sense) is used to measure income. Get XML access to fix the meaning of your metadata. Income from wages, salaries, interest, dividends, business income, capital gains, and pensions received during a given tax year are considered taxable income in the United States. As there are various forms of "income", the investigated kind of income has to be clearly described. This is slightly more inequal than the inequality in a system to which the "80:20 Pareto principle" applies. This property distinguishes the concept of inequality from that of fairness where who owns a particular level of income and how it has been acquired is of central importance. Ro, Cookies help us deliver our services. In a perfectly equal world, no resources would need to be redistributed to achieve equal distribution: a Hoover index of 0. A and E has the be sorted so that the values in the column "Income per individual" are lined up in ascending order. Search income distribution and thousands of other words in English definition and synonym dictionary from Reverso. | Last modifications, Copyright © 2012 sensagent Corporation: Online Encyclopedia, Thesaurus, Dictionary definitions and more. There are many types of inequality. All translations of Distribution of income. This is the British English definition of income.View American English definition of income.. Change your default dictionary to American English. Income: an increase usually measured in money that comes from labor, business, or property. ○ Anagrams Distribution occurs when the trading volume of a security is greater than that of the previous day without any price increase. 14 synonyms of income from the Merriam-Webster Thesaurus, plus 29 related words, definitions, and antonyms. In economics, income distribution covers how a country's total GDP is distributed amongst its population. High populations live near the coastline. The comparison of inequality measures requires that the segmentation of compared groups (societies etc.) The English word games are: The article Economic inequality discusses the social and policy aspects of income distribution questions. (For the Theil index and the Hoover index no sorting is required.) Additionally the Gini does not capture where in the distribution the inequality occurs. Another word for distribution. Wealth inequality, on the other hand, includes all people’s assets, such as property, land, gold, investments, etc. The Good Growth for Cities 2017 report shows Cardiff enjoying aboveaverage growth compared to 41 other UK cities in areas such as jobs, worklife balance and income distribution. earnings, gains, interest, means, pay, proceeds, profits, receipts, revenue, salary, takings, wages, English Collins Dictionary - English synonyms & Thesaurus, Collaborative Dictionary English Thesaurus. ○ Lettris Robert J. Barro, Harvard University found in his study "Inequality and Growth in a Panel of Countries" that higher inequality tends to retard growth in poor countries and encourage growth in well developed regions.. For the Theil index also the term "Theil entropy" had been used. But this does not necessarily imply that a very high inequality is "good", because very low entropies also can lead to explosive compensation processes. Income distribution definition. Look it up now! There are 328 income distribution-related words in total, with the top 5 most semantically related being distribution, economics, allocate, allocation and economic policy.You can get the definition(s) of a word in the list below by tapping the question-mark icon next to it. What is the definition of income? Another word for income. Inequality metrics measure inequality. What does Income distribution mean? Income distribution proves to be the way that a country’s entire gross domestic product is actually shared out among all members of the population. See more. Neither does using the Theil index necessarily imply that a very low inequality (low redundancy, high entropy) is "good", because high entropy is associated with slow, weak and inefficient resource allocation processes. For each group the amount of individuals (or households) per group A and the total income in that group E is specified. You can complete the list of synonyms of income distribution given by the English Thesaurus dictionary with other English dictionaries: Wikipedia, Lexilogos, Oxford, Cambridge, Chambers Harrap, Wordreference, Collins Lexibase dictionaries, Merriam Webster... English-Synonyms dictionary : translate English words into Synonyms with online dictionaries. Top synonyms for income distribution (other words for income distribution) are income scale, distribution of income and revenue sharing. In other words, if every person's income in an economy is doubled (or multiplied by any positive constant) then the overall metric of inequality should not change.  The Theil index can be transformed into an Atkinson index, which has a range between 0 and 1 (0% and 100%), where 0 indicates perfect equality and 1 (100%) indicates maximum inequality. Similarly, applying the Hoover index does not imply that allocation processes occur in a perfectly planned economy: the Hoover index yields the distance between the resource distribution in an observed system to the final stage of a planned "equalizatin" of resource distribution. Tips: browse the semantic fields (see From ideas to words) in two languages to learn more. For GE(0), GE is more sensitive to changes in the lower tail of the distribution, and for higher values like GE(2), the measure is more sensitive to changes that affect the upper tail. An additional property of an inequality metric that may be desirable from an empirical point of view is that of 'decomposability'. Definition of Income distribution in the Definitions.net dictionary. Because these income inequality metrics are summary statistics that seek to aggregate an entire distribution of incomes into a single index, the information on the measured inequality is reduced. 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