From income to consumption: Understanding the transmission of inequality
- Richard Blundell
- Focus on Poverty & Classroom Supplement
- 2011
Inequality describes the extent to which resources or outcomes (e.g., income, wealth, consumption, health, education) are similarly or unevenly distributed among individuals, groups, populations, or societies. Mobility refers to the frequency with which individuals, groups, or populations within a society change social or economic position in areas such as income, wealth, education, occupation, and the like.