Distribution of income | Economics homework help

Unit7-Chapter15-ScenarioAssignmentExcelWorksheet-DistributionofIncome.xlsx

Sheet1

City Neighborhood Characteristics
Zip Code Median Rent
Median Income Job Growth Rate from 2004 to 2013
Improved/Regressed Median Hhold, Income 2012-16
Median Hhold, Income 1990
Poverty Rate in 2012-16
Parent Income Child Race Child Gender Household Income Lower or Higher Income
All All All
All Black All
All White All
All Hispanic All
All Asian All
All Amer. Indian All
Parent Income Child Race Child Gender Household Income Lower or Higher Income
All All All
All All Female
All All Male
Parent Income Child Race Child Gender Household Income Lower or Higher Income
All All All
High All All
Middle All All
Low All All
Parent Income Child Race Child Gender Household Income Lower or Higher Income
Narrative

Excel Worksheet for Distribution of Income Scenario Assignment

Unit7-Chapter15-ScenarioAssignment-DistributionofIncome.ppsx

Distribution of Income

Income Inequality, Income Mobility, and Economic Discrimination

The Opportunity Atlas

Opportunity Atlas was created by Raj Chetty and Nathan Hendren from Harvard University and John Friedman from Brown University, which takes data from many different sources and compiles estimated children’s outcomes into adulthood based upon neighborhoods.

The data set represents 20 million people born between 1978 – 1983 (94% of the people are born within the dated range).

This assignment will allow you to analyze the economic opportunities and the chances of mobility in your own neighborhood.

You will collect data using Opportunity Atlas and create a narrative for your neighborhood.

Step One

Start by going to the website:
https://www.opportunityatlas.org

Step one: Enter your current zip code or a zip code you would like to research. (You can not use zip code 33024 Pembroke Pines, FL. It will be used for the example.)

You will be able to see the median income per household in the zip code.

Opportunity Atlas states, “Neighborhoods where kids went on to earn lower average incomes are displayed in red; places where kids grew up to earn more are in blue.”

In the upper right-hand corner check the following:

All for Parent Income

All for Child Race

All for Child Gender

Section 1

Section 1: What is the median income in your selected neighborhood? Have the average incomes improved or regressed?

Fill in the first sections in the Excel Worksheet provided for this assignment

Take a screen shot of the map and include it in your assignment document. Paste the map from columns G to L and rows 1 to 15.

City  
Zip Code  
Median Income  
Improved/Regressed  
Neighborhood Characteristics
Median Rent  
Job Growth Rate from 04 to 13  
Median Hhold, Income 2012-16  
Median Hhold, Income 1990  
Poverty Rate in 2012-16  

Example for Section 1

Example of zip code 33024, which is the zip code of Broward College – South Campus, Tract 12011110100:

Median Income = $40,000

Incomes have slightly regressed in the zip code.

City Pembroke Pines
Zip Code 33024
Median Income $40,000
Improved/Regressed Regressed (red)
Neighborhood Characteristics
Median Rent $1,800
Job Growth Rate from 04 to 13 -0.40%
Median Hhold, Income 2012-16 $56,000
Median Hhold, Income 1990 $72,000
Poverty Rate in 2012-16 9.60%

Step 2

Step Two: Keep the Parent Income as All, keep the Child Gender as All, and Change the Child Race to fill out the following chart in Excel.

Parent Income Child Race Child Gender Household Income Lower or Higher Income
All All All    
All Black All    
All White All    
All Hispanic All    
All Asian All    
All Amer. Indian All    

Example for Section 2

Excel chart completed for zip code 33024

Parent Income Child Race Child Gender Household Income Lower or Higher Income
All All All $40,000 Lower (red)
All Black All $31,000 Higher (blue)
All White All $44,000 Lower (red)
All Hispanic All $38,000 Lower (yellow)
All Asian All $71,000 Higher (blue)
All Amer. Indian All N/A N/A

Step 3

Step Three: Keep the Parent Income as All, keep the Child Race as All, and change the Child Gender to fill out the following chart in Excel.

Parent Income Child Race Child Gender Household Income Lower or Higher Income
All All All    
All All Female    
All All Male    

Example for Section 3

Excel chart completed for zip code 33024

Parent Income Child Race Child Gender Household Income Lower or Higher Income
All All All $40,000 Lower (red)
All All Female $41,000 Lower (red)
All All Male $38,000 Lower (red)

Step 4

Step Four: Keep the Child Race as All, keep the Child Gender as all, and change the Parent Income to fill out the following chart in Excel.

Parent Income Child Race Child Gender Household Income Lower or Higher Income
All All All    
High All All    
Middle All All    
Low All All    

Example for Section 4

Excel chart completed for zip code 33024

Parent Income Child Race Child Gender Household Income Lower or Higher Income
All All All $40,000 Lower
High All All $47,000 Lower
Middle All All $39,000 Lower
Low All All $32,000 Lower

Step 5

Step 5: You now know how to change the different settings of Parent Income, Child Race, and Child Gender to acquire different household income for the different groups. In step 5, you can change all three settings to acquire additional income information for you to draw conclusions and build a narrative. Fill out the following chart in Excel with your data.

Parent Income Child Race Child Gender Household Income Lower or Higher Income
         
         
         
         
         

Example for Section 5

Excel chart completed for zip code 33024.

This is an example of Parent Income, Child Race, and Child Gender. You do NOT have to use the same parameters. Pick parameters that will help you build a narrative around your neighborhood.

Parent Income Child Race Child Gender Household Income Lower or Higher Income
High Hispanic Female $44,000 Lower
Low Black Female $34,000 Higher
Middle White Male $40,000 Lower
High Black Male $35,000 Higher
High Asian All $80,000 Higher

Assignment Question

With all the acquired data, creative a narrative of your selected neighborhood that explains income distribution, opportunity, and/or economic discrimination. (E.g., Are incomes improving or regressing for all groups or just some? Is there a large difference in income for gender? Could gender discrimination exist in your neighborhood after analyzing the data? Is there a strong case for income mobility? Were children of low-income parents able to improve their income or were they trapped in a low income? Did race play a role in income mobility?)

Example of a story based upon data:
https://www.npr.org/2018/10/04/654085265/the-american-dream-one-block-can-make-all-the-difference

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