Inequality and growth: inverted and uninverted U-shapes
Inequality follows different patterns along a high-income sector enlargement growth. Even under Kuznets' basic assumptions inequality may show a convex shape at the end of the process. Moreover, when some of the basic assumptions are removed, the inequality path may be convex along the whole process or display a reversal from inverted to uninverted U-shapes along the same process. That is why empirical studies should specify which process and which phase within it they are dealing with on testing Kuznets' hypothesis.
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Volume (Year): 7 (2000)
Issue (Month): 8 ()
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