Social scientists and media commentators have expressed concern that Western countries are becoming two-thirds societies in which two-thirds enjoy the benefits of affluence, while one-third are locked into poverty or near-poverty. This paper, based on economic panel data, tests the two-thirds...

What has happened to incomes, inequality and satisfaction with living standards in the first stage of transition from a communist command economy to a market economy in East Germany? This paper tests six hypotheses about the transition to capitalism. Contrary to expectations, real incomes went...

Social scientists and media commentators have expressed concern that Western countries are becoming "two-thirds societies" in which two-thirds enjoy the benefits of affluence, while one-third are locked into poverty or near-poverty. This paper, based on economic panel data, tests the two-thirds...