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Income Segregation
Income segregation is separation of various classes of people based on their income. For example, certain people cannot get into country clubs because of insufficient funds. Income segregation is associated with greater inequality in education attainment between the classes. Income segregation is highly correlated with income inequality, racial segregation and segregation of poverty and affluence. Also, the correlation of the income segregation between schools has been documented and an increasing trend occurred with little or no exception. Income segregation is also dependent on the other variables which are observable within the society - the income inequality, spatial segregation of affluence and poverty (which describes the isolation of the upper- or low-income households and the other classes), or the racial segregation. Also, the inequality within the education system of the given class is associated to so extend with the income segregation. The importance if the measuring i ...
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Economic Inequality
There are wide varieties of economic inequality, most notably income inequality measured using the distribution of income (the amount of money people are paid) and wealth inequality measured using the distribution of wealth (the amount of wealth people own). Besides economic inequality between countries or states, there are important types of economic inequality between different groups of people. Important types of economic measurements focus on wealth, income, and consumption. There are many methods for measuring economic inequality, the Gini coefficient being a widely used one. Another type of measure is the Inequality-adjusted Human Development Index, which is a statistic composite index that takes inequality into account. Important concepts of equality include equity, equality of outcome, and equality of opportunity. Whereas globalization has reduced global inequality (between nations), it has increased inequality within nations. Income inequality between nations peak ...
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Real Estate Economics
Real estate economics is the application of economic techniques to real estate markets. It tries to describe, explain, and predict patterns of prices, supply, and demand. The closely related field of housing economics is narrower in scope, concentrating on residential real estate markets, while the research on real estate trends focuses on the business and structural changes affecting the industry. Both draw on partial equilibrium analysis (supply and demand), urban economics, spatial economics, basic and extensive research, surveys, and finance. Overview of real estate markets The main participants in real estate markets are: * Users: These people are both owners and tenants. They purchase houses or commercial property as an investment and also to live in or utilize as a business. Businesses may or may not require buildings to use land. The land can be used in other ways, such as for agriculture, forestry or mining. * Owners: These people are pure investors. They do not occu ...
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Income Inequality In The United States
Income inequality in the United States is the extent to which income is distributed in differing amounts among the American population. It has fluctuated considerably since measurements began around 1915, moving in an arc between peaks in the 1920s and 2000s, with a 30-year period of relatively lower inequality between 1950 and 1980. The U.S. has the highest level of income inequality among its (post-)industrialized peers.United Press International (UPI), June 22, 2018"U.N. Report: With 40M in Poverty, U.S. Most Unequal Developed Nation"/ref> When measured for all households, U.S. income inequality is comparable to other developed countries before taxes and transfers, but is among the highest after taxes and transfers, meaning the U.S. shifts relatively less income from higher income households to lower income households. In 2016, average market income was $15,600 for the lowest quintile and $280,300 for the highest quintile. The degree of inequality accelerated within the t ...
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Wealth
Wealth is the abundance of Value (economics), valuable financial assets or property, physical possessions which can be converted into a form that can be used for financial transaction, transactions. This includes the core meaning as held in the originating Old English word , which is from an Indo-European languages, Indo-European word stem. The modern concept of wealth is of significance in all areas of economics, and clearly so for economic growth, growth economics and development economics, yet the meaning of wealth is context-dependent. An individual possessing a substantial net worth is known as ''wealthy''. Net worth is defined as the current value of one's assets less liabilities (excluding the principal in trust accounts). At the most general level, economists may define wealth as "the total of anything of value" that captures both the subjective nature of the idea and the idea that it is not a fixed or static concept. Various definitions and concepts of wealth have been a ...
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Race (human Categorization)
A race is a categorization of humans based on shared physical or social qualities into groups generally viewed as distinct within a given society. The term came into common usage during the 1500s, when it was used to refer to groups of various kinds, including those characterized by close kinship relations. By the 17th century, the term began to refer to physical (phenotypical) traits, and then later to national affiliations. Modern science regards race as a social construct, an identity which is assigned based on rules made by society. While partly based on physical similarities within groups, race does not have an inherent physical or biological meaning. The concept of race is foundational to racism, the belief that humans can be divided based on the superiority of one race over another. Social conceptions and groupings of races have varied over time, often involving folk taxonomies that define essential types of individuals based on perceived traits. Today, scientists con ...
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Racial Discrimination
Racial discrimination is any discrimination against any individual on the basis of their skin color, race or ethnic origin.Individuals can discriminate by refusing to do business with, socialize with, or share resources with people of a certain group. Governments can discriminate in a de facto fashion or explicitly in law, for example through policies of racial segregation, disparate enforcement of laws, or disproportionate allocation of resources. Some jurisdictions have anti-discrimination laws which prohibit the government or individuals from discriminating based on race (and sometimes other factors) in various circumstances. Some institutions and laws use affirmative action to attempt to overcome or compensate for the effects of racial discrimination. In some cases, this is simply enhanced recruitment of members of underrepresented groups; in other cases, there are firm racial quotas. Opponents of strong remedies like quotas characterize them as reverse discrimination, where ...
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Dissimilarity Index
The index of dissimilarity is a demographic measure of the evenness with which two groups are distributed across component geographic areas that make up a larger area. A group is evenly distributed when each geographic unit has the same percentage of group members as the total population. The index score can also be interpreted as the percentage of one of the two groups included in the calculation that would have to move to different geographic areas in order to produce a distribution that matches that of the larger area. The index of dissimilarity can be used as a measure of segregation. A score of zero (0%) reflects a fully integrated environment; a score of 1 (100%) reflects full segregation. In terms of black–white segregation, a score of .60 means that 60 percent of blacks would have to exchange places with whites in other units to achieve an even geographic distribution. Basic formula The basic formula for the index of dissimilarity is: :D = \frac \sum_^N \left, \frac ...
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Classism
Class discrimination, also known as classism, is prejudice or discrimination on the basis of social class. It includes individual attitudes, behaviors, systems of policies and practices that are set up to benefit the upper class at the expense of the lower class. Social class refers to the grouping of individuals in a hierarchy based on wealth, income, education, occupation, and social network. History Class structures existed in a simplified form in pre-agricultural societies, but it has evolved into a more complex and established structure following the establishment of permanent agriculture-based civilizations with a food surplus. Classism started to be practiced around the 18th century. Segregation into classes was accomplished through observable traits (such as race or profession) that were accorded varying status and privileges. Feudal classification systems might include merchant, serf, peasant, warrior, priestly, and noble classes. Rankings were far from invariant wit ...
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Poor Door
A "poor door" is a separate entrance in a multi-unit housing development for those living in less expensive apartments. Description The term was coined by the local news site West Side Rag in August 2013, where it was used to describe a new development on the Upper West Side of Manhattan that had separate entrances for the more-expensive market-rate and affordable-housing tenants.West Side RagNew UWS Development Could Have Separate Entrance For Poorer People , News , West Side Rag accessdate: 02/02/2015 While the expression "poor door" refers to separate entrances and lobbies, in practice, income-segregated buildings may also have "gyms, spas, elevators, rooftop gardens, storage areas, and playrooms" that only the high-income tenants can use. The practice, which may also include trash and mail services or parking facilities, has been criticized for segregating the rich from the poor. Oliver Wainwright, writing in ''The Guardian'' in July 2014, presented a more nuanced view, ...
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Exclusionary Zoning
Exclusionary zoning is the use of zoning ordinances to exclude certain types of land uses from a given community, especially to regulate racial and economic diversity. In the United States, exclusionary zoning ordinances are standard in almost all communities. Exclusionary zoning was introduced in the early 1900s, typically to prevent racial and ethnic minorities from moving into middle- and upper-class neighborhoods. Municipalities use zoning to limit the supply of available housing units, such as by prohibiting multi-family residential dwellings or setting minimum lot size requirements. These ordinances raise costs, making it less likely that lower-income groups will move in. Development fees for variance (land use), a building permit, a certificate of occupancy, a filing (legal) cost, special permits and planned-unit development applications for new housing also raise prices to levels inaccessible for lower income people. Exclusionary land-use policies exacerbate social segregati ...
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Class Discrimination
Class discrimination, also known as classism, is prejudice or discrimination on the basis of social class. It includes individual attitudes, behaviors, systems of policies and practices that are set up to benefit the upper class at the expense of the lower class. Social class refers to the grouping of individuals in a hierarchy based on wealth, income, education, occupation, and social network. History Class structures existed in a simplified form in pre-agricultural societies, but it has evolved into a more complex and established structure following the establishment of permanent agriculture-based civilizations with a food surplus. Classism started to be practiced around the 18th century. Segregation into classes was accomplished through observable traits (such as race or profession) that were accorded varying status and privileges. Feudal classification systems might include merchant, serf, peasant, warrior, priestly, and noble classes. Rankings were far from invariant w ...
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