Anthony Shorrocks in the context of "Wealth distribution"

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⭐ Core Definition: Anthony Shorrocks

Anthony F. Shorrocks is a British development economist.

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👉 Anthony Shorrocks in the context of Wealth distribution

The distribution of wealth is a comparison of the wealth of various members or groups in a society. It shows one aspect of economic inequality or economic heterogeneity.

The distribution of wealth differs from the income distribution in that it looks at the economic distribution of ownership of the assets in a society, rather than the current income of members of that society. According to the International Association for Research in Income and Wealth, "the world distribution of wealth is much more unequal than that of income."

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