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Inequality pushes Indian households to trade essentials for status goods
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Inequality pushes Indian households to trade essentials for status goods
When economists measure the cost of inequality, they usually count what people cannot buy. A new study suggests they should also count what people buy instead. In research published in the International Review of Economics, economist Vivek Jadhav of the Institute of Management Technology in Ghaziabad, India, presents evidence that living in a visibly unequal […]
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