Dercon, Stefan; Calvo, Cesar - Department of Economics, Oxford University - 2007
Schechter 2003, Suryahadi and Sumarto
2002), or less simplistically, some account for inequality can be brought on board,
as ….
8 An obvious caveat will be the interpretation of the parameter of inequality aversion, since
inequality raises … 1
1
1
1
γ
γ
α , then γ<0 and its increase implies that less attention is paid
to inequality. Also, we should note that …