Learn › Economics glossary › Work and what it pays

Economics glossary · Work and what it pays

Household composition

What household composition means in economics, as one of causes of income and wealth inequality, with an example and a question to test yourself.

Definition
Household composition
High earners increasingly form households with other high earners, while more households depend on a single, often low, income.
Example

Can you think of an example of household composition?

Test yourself

Can you name four causes of income and wealth inequality within a country?

Learn it properly: the module

Also in: The causes of poverty

Related terms