ATAR Notes: Forum

VCE Stuff => VCE Business Studies => VCE Subjects + Help => VCE Economics => Topic started by: hdxx on November 08, 2017, 04:06:06 pm

Title: What are some factors contributing to trends in Gini Coefficient ?
Post by: hdxx on November 08, 2017, 04:06:06 pm

Factors that can lead to improvements or worsening of Gini co ?

Title: Re: What are some factors contributing to trends in Gini Coefficient ?
Post by: bernardm on November 08, 2017, 04:10:27 pm

The Gini Coefficient refers to the level of unequal income distribution within an economy... So factors that would lead to increased inequality (Coefficient moves towards 1) would be Australia's decentralised wage system, or the GST, whilst factors that decrease the level of inequality (Coefficient moves towards 0) would be the progressive tax system, and increased minimal wage.

Hope this helps :)