Estimating the Distribution of Income in New Zealand’s North Island

Income distribution varies greatly in all economies because at any point in time, some households and individuals earn more while others earn relatively less which result to different income distribution. In fact, the “build-up” approach to the income is usually adopted where the income of individuals is explored first, followed by household income (Nolan, Salverda, and Smeeding 2). In this case, factors that influence the individual’s income such as workforce returns are traced through the income of the household which is influenced by wider aspects of social, demographic, and government policies. Therefore, the concept of estimating the income distribution in New Zealand is the main concern raised for investigation.

Save Time On Research and Writing
Hire a Pro to Write You a 100% Plagiarism-Free Paper.
Get My Paper

It is worth noting that when a particular company is interested in estimating the distribution of income in New Zealand’s North Island, there are various approaches that can be used. In essence, the most appropriate tactic is to consider the last published data and information on wealth distribution as well as study the most recent data which will offer an up-to-date picture of the distribution of wealth today (Johnson 1). In addition, the firm would also consider the income distribution at the household, individual, and national level. Through consideration of data from various sectors, the company will find the total income of the households which will be derived after totaling annual personal income for the adults (before tax) from all the sources that are received by the households and “equivalised” for the size of the households.

By and large, the aspect of estimating income distribution would require the firm to visit public sources of data which include income tax returns from the Inland Revenue Department, Quarterly Employment Surveys published by the New Zealand Income Survey, and household and individual statistics from the estimates of national income sector and censuses. In fact, those government sectors provide reliable estimates of income shares of various groups in the society which can be used for analysis to estimate the income distribution in New Zealand’s North Island.

Calculate your order
Pages (275 words)
Standard price: $0.00
Client Reviews
Our Guarantees
100% Confidentiality
Information about customers is confidential and never disclosed to third parties.
Original Writing
We complete all papers from scratch. You can get a plagiarism report.
Timely Delivery
No missed deadlines – 97% of assignments are completed in time.
Money Back
If you're confident that a writer didn't follow your order details, ask for a refund.

Calculate the price of your order

You will get a personal manager and a discount.
We'll send you the first draft for approval by at
Total price:
Power up Your Academic Success with the
Team of Professionals. We’ve Got Your Back.
Power up Your Study Success with Experts We’ve Got Your Back.
error: Content is protected !!
Open chat
Order through WhatsApp!
You Can Now Place your Order through WhatsApp

Order your essay today and save 15% with the discount code ESSAYHELP23