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The degree of choice households have over their consumption expenditure is critical in deciding their economic class. Applying our measure to Egyptian household budget surveys, we estimate the population size of the middle class in Egypt and assess their well-being in the period 1995-2011. Our...
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should drive down the skill premium and reduce inequality. Within the limitations of any exercise based on simulations, this … paper finds that the recently observed reduction in inequality in Latin America may continue. Building on counterfactual … scenarios projecting economic and demographic (including age and education) growth, the paper also highlights that by 2030 the …
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Income inequality is on the rise, and everyone, from President Obama and Pope Francis to Prince Charles and Standard … is as true in Canada as it is in almost all of the other rich countries where inequality has risen. In this paper I tell … two stories about inequality – one from the perspective of those who feel it is not a problem worth the worry, and the …
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This paper presents a methodology for comparing income rank volatility profiles over time and across distributions. While most of the existing measures are affected by changes in marginal distributions, this paper proposes a framework that is based on individuals’ relative positions in the...
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