Psychological Impacts of Income Inequality
Ernan Cuellar
Sacramento City College
Author Note
Literature Review Income inequality is described to be the extent to which income is distributed in an uneven manner among the population. This is measured by five separate indexes: the Gini coefficient, S90/S10, P90/10, P90/50, and P50/P10. “The Gini coefficient is based on the comparison of cumulative proportions of the population against cumulative proportions of income they receive and it ranges between 0 in the case of perfect equality and 1 in the case of perfect inequality”(OCECD). S90/S10 represents the ratio of the average income among the top ten percent and the bottom ten percent. P90/P10 is the ratio that represents the top ten percent
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Economic segregation goes hand in hand with health care segregation, allowing only the rich access to health care and leaving the middle class and lower class left with unaffordable health care which leads to more people not seeking medical consultation even if they wanted it simply because it is too expensive. Proving that as income inequality increases, health begins to decline. “Rodgers (1979) and Wilkinson (1992) reported that income inequality was negatively associated with life expectancy and with the infant mortality rate in developed countries” …show more content…
The rules of the game were the same as the normal rules of Monopoly, except that the “privileged” player would roll two die instead of one and would get twice as much money from the bank as their “disadvantaged” counterpart when they passed GO. They were then given ten minutes to play the game, at the end of the ten minutes, the player that had the most money in both actual Monopoly cash and in Monopoly land was declared the winner. After the ten minutes were over and the winner determined (it was always the “privileged” player) the researchers who were observing each player would approach them and ask them predetermined question: how many units they were enrolled in (IV), how they would rate their life satisfaction from 1 to 10, and how much the attributed their performance to luck (1) and how much to skill