Question

Select a policy that meets the following criteria (if need be, two out of the three will work as well).

• a policy that could diminish racial or gender inequality on some dimension (wages, housing, etc).
• a policy that could target the wealthy - but NOT an income tax on millionaires
• a policy that could target extreme poverty.

Next, select another policy from a different jurisdiction to analyze the differences and answer the following:

1. Briefly describe the main components of each policy.

2. Why would this policy lead to changes in inequality, that is: What economic changes and results do you expect? By what mechanism would change happen? What measures of inequality, wealth, or poverty do you think would change as a result of the policy? What distributional effects would there be or what overall effects on the economy in the jurisdiction?

4. Design a research experiment plan to survey and test the proposed recommendations. What would be the research design? What are some important research methods concerns people should be aware of? What would be some limitations to an experiment?

Answer 1

The racial and inequalities are coming in wages because of HR policies, practices and decision making and their enactment affect the hiring, training and pay.

Three main areas of gender inequality in the world. Gender inequality index measures inequalities in three dimensions.

1.Reproductive health based on meternal mortality ratio and adolescent birth rates.

2.Epowerment based on proportion of parliament seats occupied by females.

3.Old age with least production capacity.

Factors that contribute to inequality

1. How work is valued in some cases women may earn less than men for doing jobs of equal value

2.Sagregation : It is in the labour market also reinforces the gender pay gap.

3.Stereotypes : sagregation is frequently linked to stereotypes

4.Work life balance

Components of policies:

1.Diminishing racial or gender inequality in paying wages

2.Targetting wealth of all and not charging income tax

3.Target of eliminating extreme poverty

A policy which includes, safe guarding wealth, not charging income tax all and reduce poverty is the different policy when compared to other policies.

This policy brings major economic changes gradually in the economy by leaving people who are suffering from extreme poverty and look after the wealth, avoiding inequalities in all aspects. Distributing wealth equally among all will make the economy strong.

Recommendations for avoiding inequalities and making all to strengthen the economy

Enforcing living wage

Progressive income tax

Stopping illicit outflows

Implementation of Global wealth tax

Workers right to organize

Stopping labour abuses

Open and democratic trade policy

Research Design consists the following points

Increase the minimum wage

Expanding earned income tax

Building assets for working families

Investment in education

Making the tax code more progressive

Important research methods concerns people should be aware of inequalities

Gini Index

The Theli Index

Hoover Index

LIMITATIONS TO AN EXPERIMENT

Less control over extraneous variables

Highly subjective results due to human error

Time consuming process

Creating situations that are not realistic

Ethical or practical problems