The Korea Herald

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Jan 23, 2020

[Sarita Nayyar] The case for consumption equality

Discussions about economic development often focus on how to increase income equality. More recently, however, thoughtful observers have begun to regard consumption equality -- the equal use of goods and services -- as a more robust indicator of parity in human wellbeing. After all, it more accurately captures inequality as people experience it when they consume, and consumption can be affected by borrowing and saving, as well as by social safety-net programs.But consumption equality is a double

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