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Social scientists and media commentators have expressed concern that Western countries are becoming two-thirds societies in which two-thirds enjoy the benefits of affluence, while one-third are locked into poverty or near-poverty. This paper, based on economic panel data, tests the two-thirds...
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What has happened to incomes, inequality and satisfaction with living standards in the first stage of transition from a communist command economy to a market economy in East Germany? This paper tests six hypotheses about the transition to capitalism. Contrary to expectations, real incomes went...
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