Feldstein, Martin S. - National Bureau of Economic Research (NBER) - 1998
The first part of this paper argues that income inequality is not a problem in need of remedy. The common practice of … interpreting a rise in the gini coefficient measure of inequality as a bad thing violates the Pareto principle and is equivalent to … distributional problem is not inequality but poverty. The paper considers three sources of poverty and asks what if anything might be …