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June 2000 - Policymakers addressing the impact of inequality on growth should be more concerned about households' access to assets - and to the opportunities associated with them - than about the distribution of income. Asset inequality - but not income inequality - has a relatively great...
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This paper argues that an increase in the inequality of wealth prompts a stronger quest for status that in turn fosters … the accumulation of wealth. It proposes a measure for an individual’s want of social status. For a given level of a … population’s wealth, the corresponding aggregate measure of want of social status is shown to be positively related to the Gini …
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