The degree of inequality in income distribution based on single-year data is

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The degree of inequality in income distribution based on single-year data is often overstated because it does not take into account income mobility, which refers to the movement of individuals or households up or down the income scale over time. Single-year snapshots can't capture these dynamics, leading to a potentially exaggerated perception of inequality.

The Degree of Inequality in Income Distribution Based on Single-Year