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Not everybody is benefiting equally from rising mean incomes. We discuss the mean-income population share (MPS), defined as the population share earning less than the mean income, as an indicator of how representative the mean income is for the mass of the population. This measure is both...
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Who benefits from economic growth? This paper analyses the distributional impact of different types of growth within a two-sector model. The paper first presents necessary and sufficient conditions for unambiguous changes in wage inequality in a dual economy, based on analysis of the entire...
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