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 ?
Adnan Ahmed Yousif said that Islam had given a financial system that eradicates Riba, links risks with return and creates circulation of wealth to ensure equitable distribution of income. Al Baraka Bank (Pakistan) Ltd is the result of a merger between Al Baraka Islamic Bank Pakistan and the branch operations of AL Baraka Islamic Bank Bahrain and Emirates Global Islamic Bank Pakistan.
Adnan Ahmed Yousif said Islam had given a financial system that eradicates Riba, links risks with return and creates circulation of wealth to ensure equitable distribution of income.
President of Kazakhstan Kassym-Jomart Tokayev said there should be a "fair distribution of income" in the Kazakh companies with foreign capital, Sputnik Kazakhstan reported.
He explained that the data show the importance of public policies in improving the distribution of income. He highlighted tax, health, labor market reforms and the development of social policies.
Effects on the distribution of income and wealth, effects on production, effects on the Government, effects on the balance of payment, effects on monetary policy, effects on social sector, effects on political environment and different classes of the people debtors and creditors, salaried class, wages earners, fixed income group, investors and shareholders, businessmen, agriculturists.
She said the measures for distribution of income are also praiseworthy.
According to the State Statistical Office, the Gini coefficient, a measure of inequality in the distribution of income was 32.5 percent.
Also, the funds released a special distribution to meet 31 December 2017 tax spill-back requirements, which is distribution of income from the fund's preceding fiscal year to satisfy regulated investment company-related US federal income tax requirements.
The distribution of income and wealth in the United States has grown increasingly unequal, according to the Federal Reserve.
Currently, 63% are satisfied with the opportunity for a person to get ahead by working hard, compared with 32% who are satisfied with the distribution of income and wealth.
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.
The explosion of research and policy interest in the problem of inequality in recent years has focused primarily on the distribution of income across individuals or households.

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