The Ninety-Nine Percent and the One Percent

Salman Sakir ()
Additional contact information
Salman Sakir: Rideau Street East, Ottawa

Research in Applied Economics, 2014, vol. 6, issue 3, 196-219

Abstract: This paper explores income inequality from different angles. It tries to understand the possible reasons for income inequality that exist in the modern world. It supports the notion that exceptionally talented individuals using technology has been a reason behind rising income inequality. The paper explores whether this has been the only reason for rising global income inequality. It suggests that there may be other possible reasons, one of which is globalization Again, the paper explores the arguments for and against the ninety-nine percent and the one percent. It analyzes whether the income of the middle-class has really remained the same and argues that their income may not have necessarily stayed the same. It explores the case for higher taxation on the rich. It analyzes the consequences of income inequality on human development for countries at different stages of human development. The paper finds that the relationship between the Gini coefficient and human development is different for countries at various stages of human development. However, it finds that income inequality reduces human development for all countries irrespective of the stage of human development. Finally, the paper explores the relationship between income inequality and poverty level for the United States. It finds that poverty level in the US did not increase even though income inequality has increased.

Keywords: Income inequality; 99 percent; 1 percent; Income inequality in the US (search for similar items in EconPapers)
Date: 2014
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.macrothink.org/journal/index.php/rae/article/view/5996/5188 (application/pdf)
http://www.macrothink.org/journal/index.php/rae/article/view/5996/5188 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:mth:raee88:v:6:y:2014:i:3:p:196-219

Access Statistics for this article

Research in Applied Economics is currently edited by Amy Li

More articles in Research in Applied Economics from Macrothink Institute
Bibliographic data for series maintained by Technical Support Office ( this e-mail address is bad, please contact ).