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This paper evaluates the importance of middle class vulnerability to poverty for subjective well-being (happiness) in … the lower income bound of the middle class (75% of the national median income) and not the poverty line (60% of the median …
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counterfactual simulations. We start by decomposing changes in inequal- ity/poverty indices into three contributions: reforms of the …. -- Tax-bene t policy ; inequality ; poverty ; decomposition ; microsimulation …
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