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Equity and Efficiency in Economics.mp4
Equity and Efficiency in Economics.mp4
Published: 2012/01/10
Channel: TheWyvern66
Equity in the Distribution of Income Series:  Equity vs Equality
Equity in the Distribution of Income Series: Equity vs Equality
Published: 2016/01/20
Channel: Brad Cartwright Economics
Equity vs. Economic Efficiency
Equity vs. Economic Efficiency
Published: 2017/01/25
Channel: Melissa Trussell
Equity vs. Efficiency in Economics
Equity vs. Efficiency in Economics
Published: 2016/09/13
Channel: Edspira
Microeconomics 12 AP: Equity Vs. Efficiency
Microeconomics 12 AP: Equity Vs. Efficiency
Published: 2015/11/15
Channel: Jordan Wille
Income and Wealth Inequality: Crash Course Economics #17
Income and Wealth Inequality: Crash Course Economics #17
Published: 2015/12/06
Channel: CrashCourse
Economic Equality - Professor Chesterton
Economic Equality - Professor Chesterton
Published: 2012/08/02
Channel: professorchesterton
Equity Economics Newsletter
Equity Economics Newsletter
Published: 2013/10/18
Channel: Equity Economics
Equity vs. debt | Stocks and bonds | Finance & Capital Markets | Khan Academy
Equity vs. debt | Stocks and bonds | Finance & Capital Markets | Khan Academy
Published: 2009/02/01
Channel: Khan Academy
More on balance sheets and equity | Housing | Finance & Capital Markets | Khan Academy
More on balance sheets and equity | Housing | Finance & Capital Markets | Khan Academy
Published: 2008/03/15
Channel: Khan Academy
Equity and Growth Through Knowledge Based Economies
Equity and Growth Through Knowledge Based Economies
Published: 2016/04/26
Channel: New Economic Thinking
Equity in the Distribution of Income Series:  Transfer Payments
Equity in the Distribution of Income Series: Transfer Payments
Published: 2016/01/21
Channel: Brad Cartwright Economics
How to download economic, equity, and financial information with Datastream
How to download economic, equity, and financial information with Datastream
Published: 2012/06/01
Channel: Chad Boeninger
Entrepreneurship - Debt and Equity Financing
Entrepreneurship - Debt and Equity Financing
Published: 2012/07/23
Channel: Council for Economic Education
2017/03/25: The equity authoritarians MUST BE STOPPED. NOW!
2017/03/25: The equity authoritarians MUST BE STOPPED. NOW!
Published: 2017/04/06
Channel: Jordan B Peterson
Financial Leverage (Trading on Equity) Explained in One Minute
Financial Leverage (Trading on Equity) Explained in One Minute
Published: 2016/09/06
Channel: One Minute Economics
How economic inequality harms societies | Richard Wilkinson
How economic inequality harms societies | Richard Wilkinson
Published: 2011/10/24
Channel: TED
Esports Economist:  Brand Equity
Esports Economist: Brand Equity
Published: 2017/08/22
Channel: Nahaz
Equity in the Distribution of Income Series:  The Role of Taxes in Equity
Equity in the Distribution of Income Series: The Role of Taxes in Equity
Published: 2016/01/20
Channel: Brad Cartwright Economics
Efficiency vs Equity
Efficiency vs Equity
Published: 2015/09/15
Channel: dtswampa
Equity in the Distribution of Income Series:  The Lorenz Curve
Equity in the Distribution of Income Series: The Lorenz Curve
Published: 2016/01/21
Channel: Brad Cartwright Economics
Economics, Equity, and the Environment: 2017 Leontief Prize Lectures
Economics, Equity, and the Environment: 2017 Leontief Prize Lectures
Published: 2017/04/10
Channel: GDAE at Tufts
Efficiency and Equity
Efficiency and Equity
Published: 2011/07/15
Channel: IFT
Equity in the Distribution of Income Series:  Introduction and Overview
Equity in the Distribution of Income Series: Introduction and Overview
Published: 2016/01/20
Channel: Brad Cartwright Economics
Equity and Efficiency Trade Off
Equity and Efficiency Trade Off
Published: 2013/12/31
Channel: talkboard.com.au
Equity in the Distribution of Income
Equity in the Distribution of Income
Published: 2015/03/04
Channel: Nicholas Schulte
What Does Equity Mean In Economics?
What Does Equity Mean In Economics?
Published: 2017/07/03
Channel: sparky marketips
What are Derivatives ?
What are Derivatives ?
Published: 2012/02/20
Channel: graphitishow
What Does Equity Mean In Economics?
What Does Equity Mean In Economics?
Published: 2017/07/15
Channel: sparky STARS
MarkyBoy
MarkyBoy's A2 Economics - Equity and Equality
Published: 2014/11/04
Channel: MarkyBoy123
What is Health Equity?
What is Health Equity?
Published: 2014/12/02
Channel: Health Equity Institute
MSc Finance and Private Equity
MSc Finance and Private Equity
Published: 2012/03/13
Channel: London School of Economics and Political Science (LSE)
An Integrating Vision: Ecology, Economics, Equity by Dr. Mary Evelyn Tucker
An Integrating Vision: Ecology, Economics, Equity by Dr. Mary Evelyn Tucker
Published: 2015/10/30
Channel: St Vincent Church - Baltimore
Bonds vs. stocks | Stocks and bonds | Finance & Capital Markets | Khan Academy
Bonds vs. stocks | Stocks and bonds | Finance & Capital Markets | Khan Academy
Published: 2009/02/03
Channel: Khan Academy
What Does Equity Mean In Economics?
What Does Equity Mean In Economics?
Published: 2017/08/11
Channel: Meissa Meissa
CFA Level I - Economics - Efficiency and Equity part 2 of 4
CFA Level I - Economics - Efficiency and Equity part 2 of 4
Published: 2015/07/07
Channel: Wiley Finance
Equity in the Distribution of Income Series:  Evaluation of Income Redistribution Policies
Equity in the Distribution of Income Series: Evaluation of Income Redistribution Policies
Published: 2016/01/21
Channel: Brad Cartwright Economics
Equality VS Equity
Equality VS Equity
Published: 2014/03/26
Channel: Michael McCauley
The Future of Private Investments: Fund, Advisors, Banks, Economics, Loans, Public Equity (2001)
The Future of Private Investments: Fund, Advisors, Banks, Economics, Loans, Public Equity (2001)
Published: 2013/07/28
Channel: The Film Archives
Economic growth, microeconomic reforms and equity
Economic growth, microeconomic reforms and equity
Published: 2016/06/04
Channel: Daniel Crowe
Green Equity Toolkit: Advancing Race, Gender and Economic Equity in the Green Economy
Green Equity Toolkit: Advancing Race, Gender and Economic Equity in the Green Economy
Published: 2009/11/10
Channel: Race Forward
Equity in the Distribution of Income Series:  The Gini Coefficient
Equity in the Distribution of Income Series: The Gini Coefficient
Published: 2016/01/21
Channel: Brad Cartwright Economics
Equity Simplicity and efficiency
Equity Simplicity and efficiency
Published: 2012/09/18
Channel: MeinBobbles
Climate economics (PG): Equity
Climate economics (PG): Equity
Published: 2016/03/24
Channel: ClimateEconomics
Beyond Uneconomic Growth Economics, Equity and the Ecological Predicament Advances in Ecological Eco
Beyond Uneconomic Growth Economics, Equity and the Ecological Predicament Advances in Ecological Eco
Published: 2017/02/20
Channel: Baghiu
Economic equity
Economic equity
Published: 2015/02/23
Channel: Jason Stafford
#DevtIDEAS Debate: Growth versus Equity
#DevtIDEAS Debate: Growth versus Equity
Published: 2014/12/10
Channel: Development Ideas
How The Stock Exchange Works (For Dummies)
How The Stock Exchange Works (For Dummies)
Published: 2013/11/28
Channel: Kurzgesagt – In a Nutshell
Download Beyond Uneconomic Growth Economics, Equity and the Ecological Predicament Advances in Ecolo
Download Beyond Uneconomic Growth Economics, Equity and the Ecological Predicament Advances in Ecolo
Published: 2017/02/23
Channel: Darton W.
Microeconomics - 61: Efficiency and Equity
Microeconomics - 61: Efficiency and Equity
Published: 2011/12/10
Channel: CourseHack
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WIKIPEDIA ARTICLE

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Scheme of sustainable development:
at the confluence of three constituent parts. (2006)

Equity or economic equality is the concept or idea of fairness in economics, particularly in regard to taxation or welfare economics. More specifically, it may refer to equal life chances regardless of identity, to provide all citizens with a basic and equal minimum of income, goods, and services or to increase funds and commitment for redistribution.[1]

Overview[edit]

Inequality and inequities have significantly increased in recent decades, possibly driven by the worldwide economic processes of globalisation, economic liberalisation and integration.[2] This has led to states ‘lagging behind’ on headline goals such as the Millennium Development Goals (MDGs) and different levels of inequity between states have been argued to have played a role in the impact of the global economic crisis of 2008–2009.[2]

Equity is based on the idea of moral equality.[2] Equity looks at the distribution of capital, goods, and access to services throughout an economy and is often measured using tools such as the Gini index. Equity may be distinguished from economic efficiency in overall evaluation of social welfare. Although 'equity' has broader uses, it may be posed as a counterpart to economic inequality in yielding a "good" distribution of wealth. It has been studied in experimental economics as inequity aversion. Low levels of equity are associated with life chances based on inherited wealth, social exclusion and the resulting poor access to basic services and intergenerational poverty resulting in a negative effect on growth, financial instability, crime and increasing political instability.[2]

The state often plays a central role in the necessary redistribution required for equity between all citizens, but applying this in practise is highly complex and involves contentious choices.

Taxation[edit]

In public finance, horizontal equity is the idea that people with a similar ability to pay taxes should pay the same or similar amounts. It is related to the concept of tax neutrality or the idea that the tax system should not discriminate between similar things or people, or unduly distort behavior.[3]

Vertical equity usually refers to the idea that people with a greater ability to pay taxes should pay more. If the rich pay more in proportion to their income, this is known as a proportional tax; if they pay an increasing proportion, this is termed a progressive tax, sometimes associated with redistribution of wealth.[4]

Health care[edit]

Horizontal equity means providing equal health care to those who are the same in a relevant respect (such as having the same 'need'). Vertical equity means treating differently those who are different in relevant respects (such as having different 'need'), (Culyer, 1995).

Health studies of equity whether particular social groups receive systematically different levels of care than do other groups. There are many ways to identify preventable or unjust disparities, including the study of health outcomes using quintile analysis or concentration indexes.

Fair division[edit]

Equitability in fair division means every person’s subjective valuation of their own share of some goods is the same. The surplus procedure (SP) achieves a more complex variant called proportional equitability. For more than two people, a division cannot always both be equitable and envy-free.[5]

See also[edit]

Notes[edit]

  1. ^ Kate Bird 2009. Building a fair future: why equity matters. London: Overseas Development Institute
  2. ^ a b c d Harry Jones 2009. Equity in development: Why it is important and how to achieve it. London: Overseas Development Institute
  3. ^ Musgrave (1987), pp. 1057–58.
  4. ^ Musgrave (1959), p. 20.
  5. ^ Better Ways to Cut a Cake by Steven J. Brams, Michael A. Jones, and Christian Klamler in the Notices of the American Mathematical Society December 2006.

References[edit]

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