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"In this country it isn't about having equal incomes for everybody but equal opportunities for everybody".
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Writing in the middle of the 20th century, the American economist (and future Nobel laureate) Simon Kuznets extrapolated into the indefinite future this newer trend toward more equal incomes and living standards — at least for the advanced economies.
For example, families of equal size with equal incomes would generally pay the same amount.
We wrote about Ms. Liu last year — about her advocacy for workers' rights, for women to get equal income and pensions, for the right to stand as an independent candidate in local National People's Congress elections.
RACHEL If you make an argument for equal birth, you make an argument for equal income.
The proportion of patients needed for equal income has gone up from 75% in 2011 2012 to 80% in 2012 2013.
Income equals income, dollar for dollar.
LESS EQUAL Income inequality varies enormously among developing countries.
"This will require a higher rate of taxation and for that reason will encounter more political resistance than in countries which start with more equal income distribution".
With externalities in production, however, there is an unambiguous role for governmental subsidy of education, because it both raises GDP and creates a more equal income distribution.
A smaller value for μ therefore means a lesser amount of risk faced by the worker, and more equal disposable income for workers who end up with different values of ϵ, but it also means less effort and thereby less aggregate income.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com