Editing Income distribution (section)

{{short description|How a country's total GDP is distributed amongst its population}}
[[File:Income inequality - share of income earned by top 1% 1975 to 2015.png|thumb|upright=1.5|Share of income of the top 1% for selected developed countries, 1975 to 2015]][[File:Ratio for Each Income Percentile to Median Income In the U.S. Since 1970.png|upright=1.5|right|thumb|Its not just the top 1% who is gaining. Ratio for Each Income Percentile to Median Income In the U.S. Since 1970. The plot shows the increase in the relative gains of those above the median versus those below the median with the largest gains for those in the highest percentile.<br/><br/>Finally, in 2023 the disproportionate rise of the top earners feel (red line).]]

In [[economics]], '''income distribution''' covers how a country's total [[GDP]] is distributed amongst its population.<ref>{{cite book | last1 = O'Sullivan  | first1 = Arthur  | author-link = Arthur O'Sullivan (economist) | first2= Steven M. | last2 = Sheffrin | title = Economics: Principles in Action | url = https://archive.org/details/economicsprincip00osul  | url-access = limited | publisher = Pearson Prentice Hall | year = 2003 | location = Upper Saddle River, New Jersey 07458 | page = [https://archive.org/details/economicsprincip00osul/page/n364 348] | isbn = 978-0-13-063085-8}}</ref> Economic theory and [[economic policy]] have long seen income and its distribution as a central concern. Unequal distribution of income causes [[economic inequality]] which is a concern in almost all countries around the world.<ref>{{Cite web |title=What is economic inequality? |url=https://wol.iza.org/key-topics/economic-inequality |access-date=28 April 2022 |website=wol.iza.org}}</ref><ref>{{Cite web |title=Distribution of Income |url=https://www.econlib.org/library/Enc/DistributionofIncome.html |access-date=2023-05-31 |website=Econlib |language=en-US}}</ref>