Prior to beginning work on the Final Paper, read Steven Strauss’ article, The Connection Between Education, Income Inequality, and Unemployment (Links to an external site.). In your Final Paper, you should address the following based on the information presented in the article and other research:
Describe how a country can measure its income inequality.
Evaluate the effect of income inequality on the U.S. economy, such as unemployment, economic growth, and other economic factors.
Estimate the gap between those who hold bachelor’s and higher (master or doctoral) degrees and those who do not.
Explain reasons why the inequality gap between educated and less-educated workers has been widening.
Evaluate whether increasing opportunities for higher education can reduce income inequality.
Analyze what else causes U.S. income inequality to widen.
Recommend how to reduce educationally based income inequality or other factors if you were a federal policy maker.
Must include an introduction and conclusion paragraph. Your introduction paragraph needs to end with a clear thesis statement that indicates the purpose of your paper.
Please use this book and cite it in your writing.
Amacher, R., & Pate, J. (2019). Principles of microeconomics (2nd ed.). Bridgepoint Education.
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Education and Income Inequality
Income inequality refers to the manner in which income is unevenly distributed in a given population. When a population is less equal, the rate of income inequality is said to be higher. Some of the notable implications that come with income inequality include low levels of economic growth especially when then human capital tends to be neglected for other high-end consumption purposes. Income inequality can be as a result of many factors such as unequal distribution of resources, increased unemployment levels and differences in the levels of education (Akee et al.,2019). These and many other social factors have been identified to have a significant relationship with increased income inequality levels. This task will look at how a country can measure its inequality levels, the implication that income inequality has to the US economy and an estimation between…
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