Explore BrainMass
Share

Income Redistribution Programs

This content was STOLEN from BrainMass.com - View the original, and get the already-completed solution here!

Describe three (3) income redistribution programs in the U.S. Thank you for your help!

© BrainMass Inc. brainmass.com October 25, 2018, 3:44 am ad1c9bdddf
https://brainmass.com/economics/taxation/income-redistribution-programs-351971

Solution Preview

Hello Student,

In order to attempt this question, the first thing that you want to do is give a definition of 'what is income distribution?' After which you may make mention of the various ways in which income may be redistributed. Then, you may speak to the specific programs that exist within the United States.

Note the following excerpt:

"Income redistribution is a practice which is designed to level incomes across a society through the transfer of income from wealthier individuals to poorer individuals, either directly or indirectly. Proponents of this practice argue that it promotes the development of an egalitarian society and addresses a number of social problems which are linked with poverty. Opponents believe that income redistribution is a form of theft, suggesting that it involves taking legitimately earned funds away from people and giving them to others."
Source: http://www.wisegeek.com/what-is-income-redistribution.htm

There are several ways in which income may be distributed; but before mentioning them you may want to also note that, "the goal of income distribution is not to make all incomes equal by taking money away from some people and giving it to others. Instead, the goal is to avoid what proponents view as extreme or ...

Solution Summary

This solution first gives a general overview of what income redistribution is. It then provides information on a host of various programs and ways through income is redistributed in the United States. References are also provided.

$2.19
See Also This Related BrainMass Solution

Basic Statistics using Excel and Eviews

See attached files for assignments.

TASK1
You are required to prepare a dataset consisting of the Income (X) in £ per week and Years of Education (Y) of 40 randomly chosen adults and then perform the following exercises. (You may enter numbers representing these characteristics of fictitious individuals, provided these are realistic).

Part A
All computer work in this section is to be performed using Microsoft Excel software. Define any term you need to use in your answer, draw appropriate diagrams and explain all relevant theory.

i. Obtain the descriptive statistics and the histogram of the data on Income and discuss whether or not standard deviation is a better measure than Semi Inter Quartile Range for this data.
ii. Now sort the data in ascending order and then delete the 5 largest and 5 smallest values. You now have 30 numbers representing income of individuals. Repeat the exercise in part (i) above for this reduced data.

Part B
All computer work in this section is to be performed using EViews software. Define any term you need to use in your answer, draw appropriate diagrams and explain all relevant theory.

iii. Obtain the descriptive statistics and the histogram of the data on Years of Education and discuss whether or not standard deviation is a better measure than Semi Inter Quartile Range for this data.
iv. Now sort the data in ascending order and then delete the 5 largest and 5 smallest values. You now have 30 numbers representing Years of Education of individuals. Repeat the exercise in part (i) above for this reduced data.

Use Excel to randomly generate 100 observations for the random variable
(See attached file).

(ii) Do your answers above suggest that the distribution of the generated numbers is approximately normal? Fully explain your answer.

View Full Posting Details