Rawls' Fairness, Income Distribution and Alarming Level of Gini Coefficient

The argument that the alarming level of Gini coefficient is 0.4 is very popular, especially in the media industry, all around the world for a long time. Although the 0.4 standard is widely accepted, the derivation of the value lacks rigid theoretical foundations. In fact, to the best of our knowledg...

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Hauptverfasser:	Tao, Yong, Wu, Xiangjun, Li, Changshuai
Format:	Artikel
Sprache:	eng
Schlagworte:	Physics - Physics and Society Quantitative Finance - General Finance
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