Ontology highlight
ABSTRACT:
SUBMITTER: Roope LSJ
PROVIDER: S-EPMC7968638 | biostudies-literature | 2021
REPOSITORIES: biostudies-literature
PloS one 20210317 3
It is known that virtually all inequality measures imply the existence of a 'benchmark income', above which adding incremental income increases inequality, and below which it decreases inequality. Benchmark incomes can be interpreted as social reference levels that identify the richest individual for whom it would be just to subsidize their income. Despite the intuitive appeal of benchmark incomes, there have been hardly any empirical applications to date. This paper provides the first estimates ...[more]