What is the effect of age on the income distribution? Can more people live in poverty at the same time that a smaller percentage of people live in poverty? Explain your answer. How would you determine...

What is the effect of age on the income distribution? Can more people live in poverty at the same time that a smaller percentage of people live in poverty? Explain your answer. How would you determine whether the wage difference between two individuals is due to wage discrimination? Define each of the following: a. In-kind transfer payment b. Lorenz curve c. Wage discrimination