Wealth Distribution
Measure differences in TOTAL WEALTH, including pension funds, housing, other assets, as well as cash
Income Distribution
Measures DIFFERENCES in annual income from (eg: wages, investments) in a particular year
Stratification
Strata (Forms of Stratification)
Class (Forms of Stratification)
Group (Forms of Stratification)
Quantile
Class
Davis-Moore Hypothesis
Life Chances
The opportunities open to an individual or chances they will be able to climb the social hierarchy, depending on their class origin
Poverty
Extreme low-income; inability to buy necessities
Absolute Poverty
Poverty measured by universal standard (eg: ability to get food and shelter)
Relative Poverty
Poverty compared to other members of society (eg: how far behind richness are you?)
Poverty Trap
Food Desert
Underclass
The long-term poor; those stuck in a position of poverty or unemployment with few prospects for getting out
Culture of Poverty
Differential Association
Theoretical explanation for crime suggesting it’s learned by associating with other criminals with those who hold law in contempt
Delinquent
Marx on Class
Weber on Class
Mode of Production
Class Relations
Specific positions within a mode of production, defined by OWNERSHIP of means of production and the relations between people in different positions
Post-Industrial Society
Used to describe modern Western societies, which were formally industrial centres, but which have now transitioned to service economies with less manual labor