Kakwani Index
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Kakwani Index
The Kakwani index is a measure of the progressivity of a social intervention, and is used by social scientists, statisticians, and economists. It is named after the economist who first proposed and used it, Nanak Chand Kakwani. The Kakwani index uses the Gini framework to measure how progressive a social intervention is. It is equal to the difference between the Gini index for the social intervention, and the Gini index for incomes before imposition of the policy intervention. Theoretically, the Kakwani index can vary between −1 and 1; the larger the index is, the more progressive is the social intervention. The index is calculated using the following formula: :K_t = 2\sum^n_ \frac(\frac - \sum_^k \gamma_i) - G_, where i = 1, . . ., k denotes individual i, n is the total number of individuals in society, \gamma_i is the share of total taxes paid by individual i, and G_ is the before-tax Gini coefficient. Using the formula for the Gini coefficient, the equation for the Kakw ...
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Progressive Taxation
A progressive tax is a tax in which the tax rate increases as the taxable amount increases.Sommerfeld, Ray M., Silvia A. Madeo, Kenneth E. Anderson, Betty R. Jackson (1992), ''Concepts of Taxation'', Dryden Press: Fort Worth, TX The term ''progressive'' refers to the way the tax rate progresses from low to high, with the result that a taxpayer's average tax rate is less than the person's marginal tax rate.Hyman, David M. (1990) ''Public Finance: A Contemporary Application of Theory to Policy'', 3rd, Dryden Press: Chicago, ILJames, Simon (1998) ''A Dictionary of Taxation'', Edgar Elgar Publishing Limited: Northampton, MA The term can be applied to individual taxes or to a tax system as a whole. Progressive taxes are imposed in an attempt to reduce the tax incidence of people with a lower ability to pay, as such taxes shift the incidence increasingly to those with a higher ability-to-pay. The opposite of a progressive tax is a regressive tax, such as a sales tax, where the poor pay ...
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Social Intervention
Social interventionism is an action which involves the deliberate intervention of a public or private organization into social affairs for the purpose of changing them. In other words, it is a deliberate attempt to change society in some way, "an alteration of the social structure". David Lloyd Hoffmann describes social interventionism as one of the two defining features of modernity and modern political systems (the second feature being mass politics). According to Hoffmann, a general ethos of social intervention arose across Europe by the 19th century, in which both state officials and non-governmental professionals working for charitable institutions or private companies tried to reshape their societies in accordance with scientific or aesthetic norms. This new ethos was based upon Age of Enlightenment, Enlightenment rationalism, with its belief that human society can and should be improved through the application of reason, as well as 17th century cameralism that pioneered the us ...
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Social Scientist
Social science is one of the branches of science, devoted to the study of societies and the relationships among individuals within those societies. The term was formerly used to refer to the field of sociology, the original "science of society", established in the 19th century. In addition to sociology, it now encompasses a wide array of academic disciplines, including anthropology, archaeology, economics, human geography, linguistics, management science, communication science and political science. Positivist social scientists use methods resembling those of the natural sciences as tools for understanding society, and so define science in its stricter modern sense. Interpretivist social scientists, by contrast, may use social critique or symbolic interpretation rather than constructing empirically falsifiable theories, and thus treat science in its broader sense. In modern academic practice, researchers are often eclectic, using multiple methodologies (for instance, by co ...
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Statistician
A statistician is a person who works with theoretical or applied statistics. The profession exists in both the private and public sectors. It is common to combine statistical knowledge with expertise in other subjects, and statisticians may work as employees or as statistical consultants. Nature of the work According to the United States Bureau of Labor Statistics, as of 2014, 26,970 jobs were classified as ''statistician'' in the United States. Of these people, approximately 30 percent worked for governments (federal, state, or local). As of October 2021, the median pay for statisticians in the United States was $92,270. Additionally, there is a substantial number of people who use statistics and data analysis in their work but have job titles other than ''statistician'', such as actuaries, applied mathematicians, economist An economist is a professional and practitioner in the social science discipline of economics. The individual may also study, develop, and apply ...
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Economist
An economist is a professional and practitioner in the social sciences, social science discipline of economics. The individual may also study, develop, and apply theories and concepts from economics and write about economic policy. Within this field there are many sub-fields, ranging from the broad philosophy, philosophical theory, theories to the focused study of minutiae within specific Market (economics), markets, macroeconomics, macroeconomic analysis, microeconomics, microeconomic analysis or financial statement analysis, involving analytical methods and tools such as econometrics, statistics, Computational economics, economics computational models, financial economics, mathematical finance and mathematical economics. Professions Economists work in many fields including academia, government and in the private sector, where they may also "study data and statistics in order to spot trends in economic activity, economic confidence levels, and consumer attitudes. They assess ...
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Nanak Chand Kakwani
Gurū Nānak (15 April 1469 – 22 September 1539; Gurmukhi: ਗੁਰੂ ਨਾਨਕ; pronunciation: , ), also referred to as ('father Nānak'), was the founder of Sikhism and is the first of the ten Sikh Gurus. His birth is celebrated worldwide as Guru Nanak Gurpurab on '' Katak Pooranmashi'' ('full-moon of Kattak'), i.e. October–November. Nanak is said to have travelled far and wide across Asia teaching people the message of ''ik onkar'' (), who dwells in every one of his creations and constitutes the eternal Truth. With this concept, he would set up a unique spiritual, social, and political platform based on equality, fraternal love, goodness, and virtue. Nanak's words are registered in the form of 974 poetic hymns, or ''shabda'', in the holy text of Sikhism, the Guru Granth Sahib, with some of the major prayers being the ''Japji Sahib'' (; ''ji'' and ''sahib'' are suffixes signifying respect); the ''Asa di Var'' ('ballad of hope'); and the '' Sidh Gosht'' ('discussi ...
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Tax System
A tax is a compulsory financial charge or some other type of levy imposed on a taxpayer (an individual or legal entity) by a governmental organization in order to fund government spending and various public expenditures (regional, local, or national), and tax compliance refers to policy actions and individual behaviour aimed at ensuring that taxpayers are paying the right amount of tax at the right time and securing the correct tax allowances and tax reliefs. The first known taxation took place in Ancient Egypt around 3000–2800 BC. A failure to pay in a timely manner ( non-compliance), along with evasion of or resistance to taxation, is punishable by law. Taxes consist of direct or indirect taxes and may be paid in money or as its labor equivalent. Most countries have a tax system in place, in order to pay for public, common societal, or agreed national needs and for the functions of government. Some levy a flat percentage rate of taxation on personal annual income, but mos ...
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Gini Concentration Index
Gini may refer to: * Gini coefficient (also the Gini index) in economics, an indicator of income equality * G.I.N.I., a predecessor organization to Post-Polio Health International *Gini (soft drink), a French brand of soft drink *A jinni, or djinni or genie, a member of the jinn supernatural beings People Given name *Gini Koch, American fantasy/SF writer *Gini Cruz Santos (born 1966), Filipina animator at Pixar *Gini Graham Scott (born 1942), American non-fiction author in various fields *Gini Reticker, American film director Surname *Corrado Gini (1884–1965), Italian statistician, demographer, sociologist and developer of the Gini coefficient *Luis Gini (born 1935), Paraguayan footballer *Mahabub Ara Begum Gini (born 1961), Bangladeshi politician *Marc Gini (born 1984), Swiss alpine skier * Maria L. Gini, Italian-American scientist in AI/robotics *Gjini family Gjini family (Croat: Ginni) (Italian: Gini, Ghini) was an Albanian medieval family who lived in Venetian Albania in th ...
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Health Care
Health care or healthcare is the improvement of health via the prevention, diagnosis, treatment, amelioration or cure of disease, illness, injury, and other physical and mental impairments in people. Health care is delivered by health professionals and allied health fields. Medicine, dentistry, pharmacy, midwifery, nursing, optometry, audiology, psychology, occupational therapy, physical therapy, athletic training, and other health professions all constitute health care. It includes work done in providing primary care, secondary care, and tertiary care, as well as in public health. Access to health care may vary across countries, communities, and individuals, influenced by social and economic conditions as well as health policies. Providing health care services means "the timely use of personal health services to achieve the best possible health outcomes". Factors to consider in terms of health care access include financial limitations (such as insurance coverage), geo ...
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Indira Gandhi National Open University
Indira Gandhi National Open University, known as IGNOU, is a Central University located at Maidan Garhi, New Delhi, India. Named after former Prime Minister of India Indira Gandhi, the university was established in 1985 with a budget of 20 million, after the Parliament of India passed the ''Indira Gandhi National Open University Act, 1985'' (IGNOU Act 1985). IGNOU is run by the central government of India, and with total active enrollment of over 4 million students, it is the largest university in the world. IGNOU was founded to serve the Indian population by means of distance and open education, providing quality higher education opportunities to all segments of society. It also aims to encourage, coordinate and set standards for distance and open education in India, and to strengthen the human resources of India through education. Apart from teaching and research, extension and training form the mainstay of its academic activities. It also acts as a national resourc ...
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