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- Title
Does the Centre Hold? Testing Palma's Proposition (A Comment).
- Authors
Hazledine, Tim
- Abstract
ABSTRACT This Comment tests empirically the important proposition made by Palma in this journal ( Development and Change, 2011) that deciles 5 to 9 of the income distribution across developing economies have been able to secure and defend a stable share (around 50 per cent) of the total available income, so that changes in income inequality are now a matter of struggle between the top 10 per cent and the bottom 40 per cent of the population, ranked by income. The author finds that the proposition does not hold: changes in top 10 per cent shares are matched by changes in the shares of both the other cohorts.
- Subjects
INCOME inequality; PALMA, Jose Gabriel; ECONOMIC conditions of the middle class; ECONOMICS; CHARTS, diagrams, etc.
- Publication
Development & Change, 2014, Vol 45, Issue 6, p1409
- ISSN
0012-155X
- Publication type
Article
- DOI
10.1111/dech.12105