Read the Chapters 12, 13, and 14 to help answer some of these questions below. Prior to beginning work on the Final Paper, read Steven Strauss’ article, The Connection Between Education, Income Inequality, and Unemployment.
In your Final Paper, you should address the following based on the information presented in the article and other research:
Describe how a country can measure its income inequality.
Evaluate the effect of income inequality on the U.S. economy, such as unemployment, economic growth, and other economic factors.
Estimate the gap between those who hold bachelor’s and higher (master or doctoral) degrees and those who do not.
Explain reasons why the inequality gap between educated and less-educated workers has been widening.
Evaluate whether increasing opportunities for higher education can reduce income inequality.
Analyze what else causes U.S. income inequality to widen.
Recommend how to reduce educationally based income inequality or other factors if you were a federal policy maker.
I require that you include the section number where you found your answers from the chapters. For example: (Amacher & Pate, 2019, section 2.3).
Use this reference for the Chapter you wwill read:
Amacher, R. and Pate, J. (2019). Principles of microeconomics (2nd ed.).
Use this reference for the article you will read:
Strauss, S. (2011, November 2). The connection between education, income inequality, and unemployment
This article provides information about the connection among education, income inequality, and unemployment and will assist you in your Education and Income Inequality Final Paper this week.