U or Inverted‐U? That Is the Question

John Burger

Review of Development Economics, 2001, vol. 5, issue 1, 151-156

Abstract: Fields (The Economic Journal, vol. 103, 1993, pp. 1228–35) provides a forceful argument in favor of a U‐shaped path for inequality during a period of high‐income‐sector enlargement in a dual‐economy model. This paper explores the assumptions necessary to derive Fields’s controversial result and demonstrates that in fact a U‐shaped pattern is possible using the Atkinson index, but some bizarre assumptions about inequality aversion are required.

Date: 2001
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