The endogenous income distribution is found to exhibit bimodality, with the lower-income group attending public schools and the upper-income group attending private schools.
The lower-income group was the referent category for both models.
However, overall, higher-income groups grew faster than lower-income groups during the entire period, in particular with respect to occupation.
When higher-income groups grow faster than lower-income groups, income levels across income-status groups diverge and income inequality tends to increase.
I recognise that for many lower-income families the fear of debt is a real worry and could act as a bar to higher education.
Third it has substantially increased the generosity of means-tested benefits to which the poorest, and lower-income, pensioners are entitled.
Industry in lower-income areas displays a higher concentration of the dirtiest industrial sectors and of smaller plants (which are dirtier).
Recall that debt aversion was only an issue for those from lower-income families.
