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different distributions.To circumvent the above limitations, this paper proposes a new index which can make comparison between … any groups with different income level, for example, the richest group and the poorest group. The new index provides … different values for different distributions and different parts of any distributions. The new index satisfies the axioms of …
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This study examines empirically the impact of income polarization on economic growth in an unbalanced panel of more than 70 countries during the 1960-2005 period. We calculate various polarization indices using existing micro-level datasets, as well as datasets reconstructed from grouped data on...
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