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"The Disturbing "Rise" Of World Income Inequality".pdf

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Preview of "The Disturbing "Rise" of World Income Inequality"
🔗 Source: papers.nber.org
📊 Size: 621 KB
📄 Pages: 75 pages
⬇️ Downloads: 56

Summary

Using aggregate GDP data and within-country income shares, the author estimates the worldwide distribution of income and computes world poverty rates. The results show that the $1/day poverty rate fell from 20% to 5% and the $2/day rate from 44% to 18% over the last 25 years, with 300-500 million fewer poor people in 1998 than in the 1970s. The author also estimates global income inequality using seven different indexes, all of which show a reduction in global income inequality between 1980 and 1998. The reduction is mainly driven by the large growth rate of incomes in China. However, the author warns that if Africa does not start growing, global inequality will rise again.

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Description

Using aggregate GDP data and within-country income shares, the author estimates the worldwide distribution of income and computes world poverty rates.

Technical Information

  • File Format: PDF
  • File Size: 621 KB
  • Pages: 75
  • Language: EN
  • Total Downloads: 56
  • Last Updated: 2 weeks ago

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