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Inequality

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PPGPortal > Home > Concept Dictionary > I, J > Inequality
 

Inequality 

A measurement of the disparities in levels of living, i.e. how much more is held by rich people than poor people.

Ravallion, 2003, p. 740

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Inequality is about the disparities in levels of living – for example, how much more is held by rich people than poor people. Measures of poverty and inequality are typically based on household consumption expenditure or income normalized for differences in household size and the cost of living.

     

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