A major issue impacting the world economy today is income inequality. Our research examines the relationship that income inequality has on gross domestic product (GDP) and other contributing factors. Contrary to popular belief, income inequality may not be good for an economy. Low levels of inequality have a positive correlation with economic growth while high levels have a negative one. Our research analyzes the differences in income inequality between regions. Indicators from the world bank will be analyzed to validate our expectations.
Economics, Finance, & Accounting
Copyright the Author(s)
Brassfield, Cayleigh and Schreyer, Sam
"What Factors Affect Income Inequality?,"
SACAD: John Heinrichs Scholarly and Creative Activity Days: Vol. 2020, Article 8.
Available at: https://scholars.fhsu.edu/sacad/vol2020/iss2020/8