Seminar 11 (Covers Chapter 7)

Seminar 11 (Covers Chapter 7)

1. 
   Using the following table draw diagram of Lorenz Curve? Calculate Gini Coefficient?Calculate 90-10 wage gap?
   

Shares of Population	Cum. Share of Population (%)	Share of Income (%)	Cum. Share of Income
0%	0%	0%	0%
Lowest 10%	10%	3.9%	3.9%
Lowest 20%	20%	5.0%
2nd Lowest 20%	40%	12.5%
Middle 20%	60%	16.0%
2nd Highest 20%	80%	21.2%
2nd Highest 10%	90%	14.6%
Highest 10%	100%	26.9%

2. 
   Using theoretical arguments discuss why elder people attain less education level than younger people?
   

3. 
   Discuss how ability distribution might affect the human capital attainment differences in the population? ( for a theoretical example See Seminar 9)
   

4. 
   What are the main arguments of rise in (skill premium) wage inequality in 1980s and 1990s?