Tag: consumption inequality
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Consumption Inequality Versus Income Inequality
Income inequality is a big topic these days, but some argue that income inequality data doesn't tell the whole picture. Income data typically uses pre-tax and pre-transfer income (meaning people at the top have less than it appears because of the taxes they pay, and the people at the bottom have more because of the…
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Consumption vs. income inequality, revisited
Marginal Revolution: Consumption vs. income inequality, revisited …Keep in mind a few points: 1. Global income inequality is way down over the last thirty years. 2. Inequality of welfare, even within the United States, is way down over long time horizons, such as the last century. 3. We do not know how inequality of welfare…