Saturday, January 2, 2010

The Kuznets Curve

The evidence for the original Kuznets curve - a supposed inverted-U shape relationship between inequality and income per capita - is not very strong either. The Y axis shows an average of the available data on the Gini coefficient of income inequality for the period 1971-2007 (mostly from the World Development Indicators) and the X axis average income per capita over the period in 2007 PPP

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