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Social scientists study two kinds of inequality: inequality between persons (as in income inequality) and inequality between subgroups (as in racial inequality). This paper analyzes the mathematical connections between the two kinds of inequality. The paper proceeds by exploring a set of...
Persistent link: https://www.econbiz.de/10003585264
Income-expenditure surveys typically provide incomes on the household level. As households can differ in size and needs, a reliable assessment of inequality in living standards, therefore, necessitates the conversion of the original heterogeneous into an artificial quasi-homogeneous population....
Persistent link: https://www.econbiz.de/10003609017
Starting from the axiomatisation of polarisation contained in Esteban and Ray (1994) and Chakravarty and Majumdar (2001) we investigate whether people's perceptions of income polarisation is consistent with the key axioms. This is carried out using a questionnaire-experimental approach that...
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Introduction, inequality and oligarchy / Pasuk Phongpaichit and Chris Baker -- Concentration of land and other wealth in Thailand / Duangmanee Laovakul -- Inequality in education and wages / Dilaka Lathapipat -- Inequality, the capital market and political stocks / Sarinee Achavanuntakul,...
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This paper revisits the earlier assessments of the Palma Proposition and the ‘Palma Ratio’. The former is a proposition that currently changes in income or consumption inequality are (almost) exclusively due to changes in the share of the richest 10 per cent and poorest 40 per cent because...
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