Income Distribution - The Canadian Encyclopedia - 3 views
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The earnings of production factors determine what is known as the distribution of "primary" income; wages and salaries alone account for roughly 85% of this income
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The following variables influence this distribution: skills, education, professional training and experience, working hours, compensatory salary differences, institutional restrictions, discrimination, differences in property wealth (including inherited wealth), opportunity, age and health. Primary income distribution is also modified by government intervention. The government influences income distribution in various ways, eg, through TAXATION, TRANSFER PAYMENTS and the provision of social goods and services.
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In 1985 families of the lowest quintile accounted for 6.3% of the total income, while those of the highest quintile earned 39.4%. Families of the first quintile had an annual income of less than $17 928 and those of the fifth quintile an income greater than $53 398
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