First Sentence:
'Income and wealth are the two box scores in the record book on people's economic positions' (Okun 1975, p. 65).
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Key Phrases - Statistically Improbable Phrases (SIPs):
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normalized poverty gaps, benefit regressivity, common poverty lines, equal absolute sacrifice taxes, constant inequality aversion, normalized poverty deficits, residual progression, relative concentration curve, social evaluation function, liability progression, net progressivity, total tax ratio, income tax progression, progressivity indices, diminishing transfers, relative income differentials, net redistributive effect, poverty orderings, welfare superiority, distributed equivalent income, income tax progressivity, welfare approval, government expenditure benefits, actual tax system, poverty aversion
Key Phrases - Capitalized Phrases (CAPs):
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Principle of Diminishing Transfers, National Insurance Contribution, Describe Jenkins, Economic Trends
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