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Compute the level of wage inequality for town

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Reference no: EM131434073

Suppose that the wage distribution for Riverside is given below:

Sector

Number of Workers

Wage

A

40

$10 (per hour)

B

30

$5

C

30

$5

a. Compute the level of wage inequality for the town using the 90th / 10th percentile ratio and the 90th / 50th and 50th /10th ratios. (Yes, this is as easy as it looks).

Reference no: EM131434073

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