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i. A correlation coefficient of -1 or +1 indicates perfect correlation. ii. A coefficient of correlation close to 0 (say, 0.08) shows that the relationship between two variables is quite weak.
iii. Coefficients of -0.91 and +0.91 have equal strength.
U.S. Income Distribution
The way in which total income is shared among the population of the United States.
Crowding Model
A theory or model that explains how public sector involvement can displace or reduce private sector activity in certain markets.
Occupational Segregation
The division of labor in which different groups of workers, often based on gender, ethnicity, or race, are systematically allocated different kinds of jobs.
White Males
Refers to adult individuals of the male gender who are identified as being of European descent or belonging to a demographic group characterized by light skin pigmentation.
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