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actual income inequality. Using several unique measures of progressivity over the 1981-2005 period for a large panel of … countries, we find that progressivity reduces inequality in observed income, but has a significantly smaller impact on actual … inequality, approximated by consumption-based GINIs. We show empirically that the differential effect on observed vs. actual …
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This study reviews Thomas Piketty’s Capital and Ideology and provides a detailed analysis to aid understanding of the book, combined with diverse scholars’ perspectives in the fields of economic history, political economics, and social sciences. This book is selected as my review target to...
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