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• W2279683741 abstract "Statistics focusing on annual household-level income indicate that inequality has increased in the United States in recent decades. Are these measures accurate? Inequality has traditionally been calculated in the United States in terms of annual cash income alone, but other, more comprehensive points of measurement should be considered. For maximum accuracy, income should include the value of in-kind benefits and be measured over a lifetime rather than a year. But even this adjusted number is inadequate to assess fairness, which requires looking at a broader picture of overall well-being that includes income mobility, access to education, consumption, leisure, and health. Additionally, we must develop better measures of opportunity, which is a more accurate indicator of well-being than income distribution. Broadening the defini tion of and approach to inequality would help build more opportunity and result in more useful policy." @default.
• W2279683741 created "2016-06-24" @default.
• W2279683741 creator A5029376621 @default.
• W2279683741 creator A5055854073 @default.
• W2279683741 date "2014-04-01" @default.
• W2279683741 modified "2023-09-23" @default.
• W2279683741 title "Measuring Inequality: One Size Does Not Fit All" @default.
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