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Media Myth Debunked: Income Inequality Is Actually Plummeting; A conversation for U.S. citizens only.
Topic Started: Feb 21 2012, 08:56 AM (466 Views)
Stoney
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Income opportunity is something we should be concerned with. Income inequality is just a matter of taking advantage of opportunity, or not.
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Chris
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ImaHeadaU
Feb 22 2012, 07:25 AM
Chris
Feb 21 2012, 09:43 AM
ImaHeadaU
Feb 21 2012, 09:36 AM
Quote:
 
The Gini coefficient for household income as measured by the ACS rather than the CPS for 2009 was 0.469, not statistically different from the CPS measure. The Gini measures from the CPS and the ACS are compared in Table 1.8 Note that there is no reason to expect the statistics to agree exactly - the
surveys are very different.9

Table 2 shows the P90/10 and P95/20 income inequality measures for the ACS. These ratios show basically the same time series story as did the Gini coefficient - an increase in income inequality from 2006 to 2009.10
U.S. CENSUS BUREAU
That's interesting but the following, also from your link, indicates the fuller context and import of the study, which doesn't seem related to the topic.

"While this paper estimated a regression model describing the relationship between the Gini coefficient of income inequality and tract characteristics, it is not a causal model....to the extent that individuals and households prefer one type of community to another, they can undertake to find an area with the ranges of household income that they would choose to increase their neighborhood satisfaction."
While the paper also delves into the U.S. Government's numbers on income inequality on the state and further down to the community level, the section that I quoted dealt with the national statistics.

I thought it might be helpful to use the government's numbers rather than those from from the small sample quoted in the opening post.
OK.

Perhaps you explain the statistical measures and the significance of the data in the tables.
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