Barnett, Richard C. (contributor); … - 2008
Changes in the “income distribution”
We are now in a position to ask the question, how do changes in the income distribution … for the income distribution.
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Our focus is restricted to a mean preserving
increase in spread (MPIS) of the effective … endowment
h
i
is exogenous and is a worthy proxy for the income distribution. More so here,
since l
i
does not directly …