Explain Some of the Causes of Increased Wage Inequality

question 42

Essay

Explain some of the causes of increased wage inequality.

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Definitions:

Annuity

A financial product that pays out a fixed stream of payments to an individual, typically used as an income stream for retirees.

Par Value

The stated value of a bond or stock by the issuing entity, which may not mirror its actual value in the market.

Periodic Interest Payments

Regular payments made to a lender by a borrower, covering the interest incurred on the borrowed funds.

Installment Note

A debt that requires regular payments, or installments, of principal and interest until it is paid off.