Evaluate the factors which may have caused this increase in income inequality.
Edexcel A-Level Economics 25 Mark Question
Over the past 25 years, income inequality has been increasing in many developed countries. For example, from 2007 to 2011 Spain’s Gini coefficient rose by 6.0 percentage points, and Ireland’s by 6.6 percentage points. Evaluate the factors which may have caused this increase in income inequality. Refer to a developed economy of your choice in your answer.
Plan
- Paragraph 1
- Argument: one influence on income inequality is the system of tax and benefits
- Diagram: Lorenz curve
- Evaluation: incentives to work
- Paragraph 2
- Argument: another influence on income inequality is primary product dependency and wage differences between sectors
- Diagram:
- Evaluation: depends on the influence of education
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