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Towards a feasible income equality

Kim, Chae Un and Park, Ji-Won (2021) Towards a feasible income equality. USApp – American Politics and Policy Blog (12 Jun 2021). Blog Entry.

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Abstract

To reach perfect income equality, factors that determine individual income, such as intelligence, inherited wealth, personalities, and social skills, should be identical for everyone. That is an infeasible ideal. Chae Un Kim and Ji-Won Park propose a more feasible and realistic concept of income equality that could be incorporated in the Gini coefficient, the most widely used measure of inequality, guaranteeing the maximisation of overall social welfare without hampering overall economic efficacy.

Item Type: Online resource (Blog Entry)
Official URL: https://blogs.lse.ac.uk/usappblog/
Additional Information: © 2021 The Author(s)
Divisions: LSE
Subjects: H Social Sciences > HB Economic Theory
H Social Sciences > HC Economic History and Conditions
H Social Sciences > HN Social history and conditions. Social problems. Social reform
Date Deposited: 17 Aug 2021 08:42
Last Modified: 06 Oct 2021 23:27
URI: http://eprints.lse.ac.uk/id/eprint/111225

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