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Why The Income Inequality Affects The Health.

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The unemployment rate is very high and millions report that their households did not get enough to eat or are not caught up on rent payments. We are able to track the extent of this hardship thanks to nearly real-time data from several sources on the unfolding economic crisis. The impacts of the pandemic and the economic fallout have been widespread, but are particularly prevalent among Black, Latino, [1] Indigenous, and immigrant households. These disproportionate impacts reflect harsh, longstanding inequities — often stemming from structural racism — in education, employment, housing, and health care that the current crisis is exacerbating. Relief measures have mitigated hardship, but there are significant gaps — including, for example, leaving out the poorest households from any increase in SNAP benefits — and implementation challenges that have delayed aid to some households. The measures, which are also temporary, have begun to expire. The data below, which we will update periodically, drive home the need for substantial, continued relief measures. The extent and severity of continued hardships like hunger, eviction, and homelessness will depend on whether such relief is robust and reaches those in need, as well as the trajectory of the pandemic and the pace of economic recovery. The impacts on children are large see figures 1, 4, and 5.

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Economic growth has been a dominant concern for senior global leaders and policy makers for the past century; understandably, the determinants of economic growth has preoccupied economists for the past several decades. The figure above shows the share of world GDP by select countries and regions for the period,based on data from the Maddison Project Database Today, U. The figure above compares the GDP per capita in dollars to account for inflation for the U. These graphs above raise several practical questions. Why such different economic growth rates for U.

Economists have studied click the following article broad categories of determinants of economic growth: geography, history including culture and religionand. A previous paper by Rodrik et Why The Income Inequality Affects The Health focuses on the role of economic institutions on economic growth in countries in They find that only Rule https://amazonia.fiocruz.br/scdp/blog/purpose-of-case-study-in-psychology/language-acquisition-language-semantics-syntax-phonology-and.php Law explains economic growth.

We consider countries during the period and find a significant positive relation between Rule of Law and GDP per capita. Notably, this positive relation is getting stronger with time. Besides the size of the national pie, which is measured by GDP, senior policy makers and the media across the globe are increasingly concerned about how this pie is sliced, that is, about income inequality.

We find that countries with greater adherence to Rule of Law are characterized by less income inequality. Additionally, we find that countries with greater GDP per capita are characterized by less income inequality; however, once we control for Rule of Law in the country, we do not observe this negative correlation between GDP per capita and income IInequality.

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This further highlights that adherence to the Rule of Law relates to reducing income inequality. Hence, economic institutions play an important role in promoting economic growth.

Where do economic institutions come from? They argue that different individuals Inequwlity distinct preferences over economic institutions since these institutions play a role in resource allocation. Those who have political power have the ability to choose the economic institutions. Those with greater economic resources tend to wield more de facto political power.]