The word "equalisation" is correct and usable in written English
It is most commonly used to refer to the process of equalizing different values or amounts, such as when attempting to reach equality between genders or social classes. For example, you could use the sentence "The government has committed to achieving wage equalisation between men and women in the workplace."
Working age women have re-entered the labour market in greater numbers over recent years, partly in response to severe cuts in tax credit entitlements and other benefits affecting younger families and the equalisation of the pension age for women over 60.
To some extent this is probably down to globalisation and factor price equalisation – to put it crudely: competition from cheap labour.
There is in economics a concept known as the "factor price equalisation theorem", which suggests the rewards for work in different places will tend to converge.
Recent changes to the way funding is distributed from Whitehall mean some equalisation is starting to take place by the back door, but probably not quickly enough to right what many heads and governors see as a terrible injustice.
The EU could learn from the Swiss "equalisation fund" (about 0.8% of GDP), which creates a transparent system of transfers from richer to poorer regions.
Sadly, factor-price equalisation is a real-world rarity.
But a politically tricky reform of Germany's "financial constitution"—a cobweb of tax-revenue equalisation and joint public spending is not on the agenda.Ms Merkel has an excuse: she must be elected before she can do anything, and being too candid would diminish her chances.
In traditional trade models wages converge across trading partners with similar technologies even without migration, a phenomenon winningly branded "factor-price equalisation".
But rather than wringing better deals from medical providers, insurers have gone for the best risks, despite a "risk equalisation" scheme that takes account of age and sex.
But the deal has unleashed a stampede of demands from other provinces, led by Ontario, a Liberal stronghold and the largest of the three net contributors to the equalisation fund.Last week, a ministerial conference on child care another of Mr Martin's pledges again suggested that Quebec should have special arrangements.
And to eke out the remaining tens of billions of dollars a year needed to pay for subsidies, a few more taxes will be tossed in, most likely caps on the rate of itemised deductions for the wealthy, or excise taxes on unhealthy things like cigarettes and soft drinks.Finally, there is a wonky issue that, perhaps mercifully, has not received much mainstream attention: risk-pool equalisation.
