Any empirical evidence for the income distribution version of the Kuznets's Curve?
The format should be following
-- Introduction: generally, introduce the ideas of income distribution and of inequality and welfare.
-- Main Content:
-- Definition and key characteristics of income inequality and poverty (with some specific examples)
-- Definition and key characteristics/measures of the ideas of welfare
-- Outline trends in inequality and its importance for development outcomes
-- Outline the concepts and tools used to assess income distribution (e.g. Lorenz Curve, Gini Coefficient and possibly others)
-- Explain the history and development of Kuznets' inverted U-shaped hypothesis and some evidences
(A good answer will comment on the methodological limitations of economic observations)
-- Conclusions