Issue Overview: Income Inequality - Kingston High School
Kolm (1973, published as 1976) introduced the ‘principle of diminishing transfers’ whereby inequality is assumed to be more sensitive to a rich-to-poor income transfer if the richer person is located lower down in the income distribution, a question later re-examined by Atkinson (1973, published as 2008) and Shorrocks and Foster (1987). ................
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