of households (i.e., with intrinsic inequality), and show that (i) under decreasing marginal impatience (DMI), an unequal … constant marginal impatience; (iii) inequality exhibits a sharp inverted-U shape as more people become rich, which should be …

expenditure in India, especially at the top of the distribution. Both types of inequality are similar in China, although … and levels between the two wellbeing distributions. As a result, expenditure inequality is higher in China than in India …We analyse income and expenditure distribution in China in a comparative perspective with India. These countries …