Topics
Income inequality
The degree to which income is distributed unequally in an economy or population; income inequality can be illustrated using a Lorenz Curve and measured using the Gini coefficient.
Income inequality refers to the unequal distribution of income among individuals or households within a country. High income inequality can have negative consequences for social and economic development, such as increased poverty and reduced economic growth. Here are five examples of countries with high income inequality, as measured by the Gini coefficient, a commonly used measure of income inequality, with data from the World Bank:
- South Africa - Gini coefficient of 63.1 in 2020
- Namibia - Gini coefficient of 61.8 in 2020
- Central African Republic - Gini coefficient of 59.4 in 2020
- Botswana - Gini coefficient of 57.2 in 2020
- Eswatini - Gini coefficient of 53.8 in 2020
Here are five examples of countries with low income inequality, as measured by the Gini coefficient, a commonly used measure of income inequality, with data from the World Bank:
- Iceland - Gini coefficient of 24.0 in 2020
- Norway - Gini coefficient of 25.0 in 2020
- Denmark - Gini coefficient of 26.5 in 2020
- Czech Republic - Gini coefficient of 28.3 in 2020
- Finland - Gini coefficient of 30.2 in 2020
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Development Strategies | Classroom Posters / Handouts
Poster / Student Handout
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10% surge in CEO pay during 2023
5th January 2024
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4.2.2 Inequality (Edexcel A-Level Economics Teaching PowerPoint)
Teaching PowerPoints
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4.2.2 Inequality (Edexcel)
Study Notes
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Gini Coefficient
Study Notes
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Key Diagrams - The Lorenz Curve
Topic Videos
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Inequality - Incomes of richest 1% in the USA surge
22nd February 2023
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Stiglitz on the Case for 70% Tax Rate on High Income Earners
23rd January 2023
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How to make poor areas richer
20th January 2023
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Does the UK need a wealth tax on millionaires and billionaires?
17th January 2023
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Call for wealth tax as number of UK billionaires jumps 20% since 2020
19th December 2022
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Fixing inequality and insecurity in the USA
8th October 2022
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Countries with the Highest Income Inequality
12th September 2022
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Surge in UK CEO pay reignites debate over CEO pay caps
22nd August 2022
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The Decade The Rich Won
1st February 2022
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Earned and Unearned Income
Topic Videos
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UK sees first mid-recession wealth boom since the mid-1940s
12th July 2021
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Why concentration of wealth makes the US economy fragile
24th June 2021
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DRC’s rich soil bears few riches for its miners
17th May 2021
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Is K the new U? How economic recovery may be K-shaped
27th January 2021
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Household debt: Workers borrowed more in 2020 to prop up incomes
21st January 2021
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Relative Poverty - 2021 Revision Update
Study Notes
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Is Trickle-Down Economics Dead?
21st December 2020
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Evaluating Supply Side Policies (Online Lesson)
Online Lessons
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The unequal impact of coronavirus
9th April 2020
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New Economic Thinking: Inequality - The Bigger Picture
4th February 2020
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New Economic Thinking: What is happening to Inequality Now?
4th February 2020
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New Economic Thinking: Inequality - What is Happening?
4th February 2020
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New Economic Thinking: How Do We Measure Inequality?
4th February 2020
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New Economic Thinking: Inequality - Why Should We Care?
4th February 2020
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Who are the super-rich in the UK?
23rd January 2020
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Income Inequality and Wealth Inequality
Topic Videos
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Six tax-based ways to tackle inequality
18th December 2019
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Distribution of Income (2019 Update)
Topic Videos
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Why The Inequality Gap Is Growing Between Rich And Poor
31st May 2019
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Maths Made Easy for A-Level Economics - Quantiles
Topic Videos
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The Dutch Historian who savaged the Davos Elite
2nd February 2019
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What explains the divide between rich and poor?
Study Notes
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The Economics of Superstars
12th September 2018
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Think Tank calls for major reforms of the UK economy
6th September 2018
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Living standards, poverty and inequality in the UK in 2018
20th June 2018
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Globalisation and Inequality (Revision Essay Plan)
Practice Exam Questions
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Fiscal Policy and Inequality (Revision Essay Plan)
Practice Exam Questions
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Income and Wealth (Quizlet Activity)
Quizzes & Activities
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Should the Super-Rich Pay for a Universal Basic Income?
16th April 2018
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'Fat Cat Thursday' - 04 January 2018
4th January 2018
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Are we asking the wrong questions about inequality?
30th December 2017
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Median Income and Relative Poverty
Study Notes
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Inequality and Social Gradients - Deprivation and cause of Death
2nd November 2017
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How Tax and Spending Policies Can Reduce Poverty and Inequality
20th September 2017
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Should the rich be taxed more?
2nd September 2017
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Interview with Richard Blundell
19th August 2017
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Inequality: are we measuring the right things?
24th March 2017