Income Distribution, Poverty, and Discrimination C HAPTER 12.

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Income Distribution, Poverty, and Discrimination C HAPTER 12

Tucker Economics for Today, 4e Ch 12 Income Distribution, Poverty, and Discrimination © 2005 Thomson/South-Western 2 EXHIBIT 3 R EAL M EDIAN F AMILY I NCOME, 1980–2001 Source: U.S. Bureau of the Census, histinc/incfamdet.html, Table F-7.

Tucker Economics for Today, 4e Ch 12 Income Distribution, Poverty, and Discrimination © 2005 Thomson/South-Western 3 EXHIBIT 4 A H YPOTHETICAL L ORENZ C URVE

Tucker Economics for Today, 4e Ch 12 Income Distribution, Poverty, and Discrimination © 2005 Thomson/South-Western 4 EXHIBIT 5 L ORENZ C URVES FOR F AMILY I NCOME D ISTRIBUTION IN THE U NITED S TATES, 1929 AND 2001

Tucker Economics for Today, 4e Ch 12 Income Distribution, Poverty, and Discrimination © 2005 Thomson/South-Western 5 EXHIBIT 6 L ORENZ C URVES FOR S ELECTED C OUNTRIES Source: The World Bank, Table 2.8.

Tucker Economics for Today, 4e Ch 12 Income Distribution, Poverty, and Discrimination © 2005 Thomson/South-Western 6 EXHIBIT 7 P ERSONS BELOW THE P OVERTY L EVEL AS A P ERCENTAGE OF THE U.S. P OPULATION, 1959–2002 Source: U.S. Bureau of the Census, Poverty in the United States: 2002, p. 4; Table A-1, pp. 22–25.

Tucker Economics for Today, 4e Ch 12 Income Distribution, Poverty, and Discrimination © 2005 Thomson/South-Western 7 EXHIBIT 9 A N EGATIVE I NCOME T AX P LAN

Tucker Economics for Today, 4e Ch 12 Income Distribution, Poverty, and Discrimination © 2005 Thomson/South-Western 8 EXHIBIT 10 L ABOR M ARKETS WITHOUT AND WITH R ACIAL D ISCRIMINATION