distribution of income

Distribution of Incomeclick for a larger image
Fig. 37 Distribution of Income. The personal distribution of original and final income in the UK, 2002. Final Income = original income less taxes paid, plus state spending on education, health, security benefits. (Source: Social Trends 2004).

distribution of income

the division of a country's GROSS NATIONAL PRODUCT among the multitude of people making up its POPULATION. In most countries, income (wages and salaries, rent, dividends, profit) is unequally divided; this reflects differences in people's natural abilities, educational attainments, special skills, but most importantly differences in the ownership of WEALTH assets such as businesses, houses, stocks and shares, etc. In many countries, however, governments operate progressive TAXATION systems and SOCIAL SECURITY programmes designed to redistribute income and so assist the poorer members of society. Thus, as Fig. 37 shows for the UK in 2002, the poorest 20% of the population received only 3% of total original income, but after taxation and state benefits they received 10% of total final income. See PER CAPITA INCOME.
References in periodicals archive ?
Summary: New Delhi [India], Jan 24 (ANI): Bharatiya Janata Party (BJP) National General Secretary Ram Madhav responded to Congress President Rahul Gandhi's dig at Prime Minister Narendra Modi on the unequal distribution of income in India.
In addition, it seeks to provide regular distribution of income and realized capital gains.
data of number of PAN allotted and data relating to distribution of income and tax payable in the returns for AY 2012-13.
Their topics include poverty profiles and well-being: panel evidence from Germany, the contribution of income mobility to economic insecurity in the US and Spain during the Great Recession, immigrant child poverty as the Achilles heel of the Scandinavian welfare state, evidence from Vietnam on static and dynamics disparities between monetary and multidimensional poverty measurement, and modeling the joint distribution of income and wealth.
In the absence of reliable tax returns data, all hope is not lost; there are ways to get closer to the true distribution of income.
SIR - The so-called unequal distribution of income receives a bad press, but let's be quite clear that the market mechanism, through our global buying preferences, made David Beckham the icon that he is.
Thus, the NIPA measures of compensation are particularly useful in analyses of labor's share in the functional distribution of income.
It's also an excellent source for comparative information about the distribution of income in the United States relative to other advanced capitalist countries.
The text moves from the functional distribution of income in a pure market economy, through explanation of personal distribution of income in terms of individual differences in tastes, tolerance for risk and time preference, the direct and feedback effects of government policies that affect the distribution of income, and the influence of discrimination, and on to issues of poverty measurement, the fundamental causes of poverty, and anti-poverty policy.
A community's demand curve for an indivisible good is a rotation of the distribution of income.
Considerable disagreement exists about how economic growth, taxes, and other policies affect the distribution of income from both a theoretical and empirical perspective.
The proposal for a Basic Income Grant in Namibia was made in 2002 by the government appointed Namibian Tax Consortium in light of the high poverty levels and the unequal distribution of income in Namibia.

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