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Development and Background of Income Distribution in Germany
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Scientific Essay from the year 2012 in the subject Business economics - Economic Policy, , language: English, abstract: The Economist Simon Kuznets Smith, Nobel Laureate in Economics in 1971, examined the empirical relationship between economic growth and inequality in income distribution of an economy. He stated that inequality increases initially during the development of a country and then decreases. The Kuznets curve is a graphical representation of this relationship. Since the 1990s an...
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