Inequality and club formation |
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| Institution: | 1. School of Management, University of Chinese Academy of Sciences, Beijing 100190, China;2. Wang Yanan Institute for Studies in Economics (WISE), Xiamen University, Xiamen 361005 Fujian, China |
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| Abstract: | We study the relationship between social segmentation and income inequality by means of the economic theory of clubs with private provision of the club good. After having characterized the core partition of society in clubs and investigating its characteristics, we show how the clubs’ sizes depend on income distribution and compare segmentation profiles arising in societies characterized by different inequality patterns. |
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