Even if lifetime incomes were equal, there still might be substantial inequality in annual income data because

Name: Even if lifetime incomes were equal, there still might be substantial inequality in annual income data because
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Question

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Annual income data can show inequality because individuals are at different stages in their life cycle; some may be retired with lower annual income, while others are in their prime earning years, leading to differences in annual income despite equal lifetime incomes.

Even If Lifetime Incomes Were Equal, There Still Might Be