Title

Closing the Gap

Lead Author Major

Applied Economics & Business Administration - Economics concentration

Lead Author Status

Senior

Format

Poster Presentation

Faculty Mentor Name

William Herrin

Faculty Mentor Department

Economics & International Relations

Abstract/Artist Statement

This research explores economic inequality. The United States alone is ranked as the 39th most unequal of 157 countries according to the GINI coefficient published by the CIA’s Worldfactbook, meaning the gap between the highest and lowest earning population in the U.S. is very large. It specifically focuses on how economic inequality measured as income inequality using the gini index changes as industrialization (measured as the share of GDP that’s in the services sector), educational inequality (measured as the share of the population without post-secondary education), urbanization (measured as the percent of people living in urban areas), and globalization (measured as imports and exports as a percentage of total GDP) change within high and upper middle income countries. The data comes from the World Bank’s data system and my goal is to better understand economic inequality and suggest how it may be lowered.

Location

Virtual

Start Date

25-4-2020 1:00 PM

End Date

25-4-2020 3:00 PM

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Apr 25th, 1:00 PM Apr 25th, 3:00 PM

Closing the Gap

Virtual

This research explores economic inequality. The United States alone is ranked as the 39th most unequal of 157 countries according to the GINI coefficient published by the CIA’s Worldfactbook, meaning the gap between the highest and lowest earning population in the U.S. is very large. It specifically focuses on how economic inequality measured as income inequality using the gini index changes as industrialization (measured as the share of GDP that’s in the services sector), educational inequality (measured as the share of the population without post-secondary education), urbanization (measured as the percent of people living in urban areas), and globalization (measured as imports and exports as a percentage of total GDP) change within high and upper middle income countries. The data comes from the World Bank’s data system and my goal is to better understand economic inequality and suggest how it may be lowered.