Questions tagged [income]

Questions relating to wages, salaries, or other sources of income in the general population. For questions about salaries for government employees, please use [public-sector-compensation].

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UK National Insurance increase and impact on low vs high earners

National Insurance payments are increasing in the UK this April. I am seeing arguments against this that say the increase will have a higher impact on the lower-paid. This BBC article shows the new ...
4 votes
1 answer
118 views

Affirmative action based on economic status

The reservation system in India is based on caste. Similar affirmative action policies of many other countries are based on minority communities. I think Israel is an example. Is there a country who ...
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6 votes
1 answer
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Correlation between (household) median income and Democratic vote share?

I have read that wealthier states tend to vote Democratic while poorer states tend to vote Republican. There is data that backs this up. What is the correlation between statewide median incomes and 2 ...
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10 votes
3 answers
2k views

Can a reduction of employer taxation lead to more equal income?

In Argentina, it's usually said that the economic burden on employers is very heavy (just an example). So much so that, if it were lifted, more people would become employed, but I don't quite ...
5 votes
2 answers
334 views

Effectiveness of wealth-adjusted basic income?

Proposals for basic income of some sort are currently popular. Some of these proposals are universal (everyone gets the same amount), whereas others would adjust for income, such that a millionaire ...
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16 votes
6 answers
2k views

Why is the gender pay gap quoted at 20% even though it's lower when controlling for variables?

Roughly speaking, the average woman in the U.S. earns 80% as much per year as the average man. (I'm not sure if that's over all people or just those employed) I was raised in a time where people ...
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6 votes
3 answers
504 views

What is the justification of imposing higher minimum salary for foreign workers than for the local ones?

According to this article and this one, the minimum monthly salary for foreign workers in Romania is significantly larger than the minimum one for local workers: Effective January 6, 2018, the ...
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-5 votes
4 answers
523 views

Is income tax specific to democratic countries?

I was wondering, the US has income taxes, but many Arab countries do not. While many Arab states are considered frontier markets, others like the UAE and Qatar are considered emerging markets. Yet, ...
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40 votes
8 answers
15k views

Why are "the rich" more able to identify the party which represent their interests than "the poor"?

Consider the following premises, for which I think there is fair degree of consensus (at least according to my knowledge of political history of Latin America, but perhaps more broadly): the majority ...
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12 votes
6 answers
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Has high taxation of the rich been sustainable as an economic policy?

One of the backbone philosophies of the recent Labour party campaign was higher taxation of high earners (those earning above £80'000 per year to be precise). Has very high taxation of high earners ...
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8 votes
3 answers
1k views

Why is the gender pay gap so large in the United States despite the Equal Pay Act of 1963?

Why is the gender pay gap in the United States (1:0.77) so large in the United States despite there being civil rights legislation against discrimination in wages based on sex? Is it due to poor ...
2 votes
1 answer
135 views

Is UK's incomes test on non european spouses discriminatory?

The UK government instituted a rule that prohibited immigrants who don't earn more than a certain amount to bring their non european spouses over Q1. Is the income test a form of discrimination ...
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13 votes
5 answers
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Why do we collect taxes on income from labor?

This question tries to illuminate why it is probably good if within a country/an economy there are more jobs rather than fewer jobs. I would agree, it seems to me that employment is likely to lower ...
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4 votes
2 answers
438 views

What is the real cost of unconditional basic income for germany compared to social spending

I would like to know if the idea of a basic income of 1000€ per person each month is more costly than the system we currently have in Germany and how much it would differ presumably. In Germany we ...
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32 votes
7 answers
12k views

Why is "Equal Pay for Equal Work" regulation controversial?

I was going to ask this question when I heard Hillary Clinton said in the first presidential debate that: "Trump has said women don't deserve equal pay unless they do as good a job as men." I thought ...
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10 votes
2 answers
451 views

US Income Inequality adjusted for cost of living differences on a per county/city basis

Inequality has been a big issue in the US. Generally when we talk about cost of living, it's adjusted on a per state basis, but this masks a lot of true living conditions. Northern Virginia just ...
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23 votes
13 answers
8k views

Why not have a wealth dependent income tax?

Usually states implement a progressive tax. So people with a higher income have to pay a higher tax rate. However I think that this is not helping much to distribute wealth more equally. Instead I ...
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8 votes
1 answer
248 views

Has there ever been an attempt to base employee pay on percent of top salaries in a company?

Rather than a mandatory minimum wage, would it be possible to institute that the lowest total compensation is a certain percent of the highest compensation. For example if a CEO makes 1 million, the ...
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8 votes
7 answers
3k views

Why don't German workers ask for the money they deserve?

German macroeconomy is doing really well. Much better than the other economies within the Eurozone and better than most countries from all around the world. However, workers (low and middle classes) ...
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4 votes
2 answers
525 views

What impact do broken families and little church attendance have on black youth's odds of success? [closed]

Dinesh D'Souza theorizes in his book, The End of Racism, that black culture is preventing blacks from succeeding in America. The institutional racism from the past is gone, and in general blacks only ...
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-4 votes
5 answers
473 views

What is the origin of the idea that money is somehow special as far as "fairness" in political thinking?

What is the origin of development of the idea in political/philosophical thinking that money/wealth is somehow special as far as the idea of "fairness"? What are the reasons cited by that ...
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2 votes
1 answer
101 views

Is there data that looks at income inequality by examining total income over each person's life?

There are many[Broken link] “info” graphics about income inequality in the United States. Measuring the combination of wealth and income that most humans care about is inherently tricky. If you ...
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2 votes
1 answer
398 views

What does inequality look like when measured in man-hours employed?

There are numerous measures of inequality in income and wealth, like the Gini coefficient for instance. But I'm wondering about a different measure: the amount of labor, measured in man-hours, that ...
9 votes
1 answer
2k views

Does Sweden have greater intergenerational social mobility than the USA when compared to USA incomes?

Social Mobility is often measured as the chance of your children's income moving up/down from your income quintile compared to other people in the same nation. Social mobility [...] refers to ...
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-2 votes
2 answers
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In the US how does the 13th amendment, 16th amendment work simultaneously with life, liberty and the pursuit of happiness?

Why are income taxes not equivalent to involuntary servitude. I'm not voluntarily paying taxes, but by working the government is compelling me against my will to pay them. 13th: Neither slavery nor ...
4 votes
1 answer
174 views

Are Prized Linked Savings Accounts legal in the United States?

So, there's a really interesting way to get people to save. It is called the Prize Linked Savings Account. The idea is fairly simple - to encourage savings, savings accounts are randomly awarded ...
13 votes
3 answers
923 views

Why is there concern about the growing income gap, and is there an ideal level?

I was listening to NPR this morning about the growing income gap between rich and middle class and it got me thinking about how people's incomes would be distributed in a simple, perfect world, where ...
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0 votes
1 answer
2k views

What would be considered a middle class salary in the UK?

There is a lot of talk about the squeezed middle in the UK, Is class based mainly on income and if so what is considered to be a middle class salary ?
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9 votes
1 answer
1k views

Where can I get world-wide statistics about discretionary income and similar indicators?

I'm looking for recent data on discretionary incomes and their distributions in different countries and don't know where to find it. I've only found some older article by the New York Times, but am ...
2 votes
2 answers
731 views

Where one can find the data on Shorrocks index for the world?

Shorrocks index is an index of estimated income mobility (in other words, how likely is it for someone who was in bottom 20% by income in their country to increase their income in N years to move to ...
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8 votes
1 answer
906 views

In models of income distribution, is inequality a natural outcome?

From The Oxford Handbook of Political Economy (2006): Two of the more influential papers that examine inequality within a median voter context are Persson and Tabellini (1994) and Alesina and ...
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