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-community model assuming single-peaked distributions for both income and housing taste. The equilibrium features income segregation of … the population across the communities. The segregation is, however, imperfect: some rich households can also be found in …
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Since globalisation accelerated in the early 1990s, income inequality has increased in most developed countries and in some middle-income countries, including China and India. Also, inequality has declined in most countries of Latin America and the Caribbean and in many Sub-Saharan African and...
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