Global Income Distribution: From the Fall of the Berlin Wall to the Great Recession
The paper presents a newly compiled and improved database of national household surveys between 1988 and 2008. In 2008, the global Gini index is around 70.5 percent having declined by approximately 2 Gini points over this twenty year period. When it is adjusted for the likely under-reporting of top...
Gespeichert in:
| Beteilige Person: | |
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| Format: | Elektronisch E-Book |
| Sprache: | Englisch |
| Veröffentlicht: |
Washington, D.C
The World Bank
2013
|
| Links: | https://doi.org/10.1596/1813-9450-6719 |
| Zusammenfassung: | The paper presents a newly compiled and improved database of national household surveys between 1988 and 2008. In 2008, the global Gini index is around 70.5 percent having declined by approximately 2 Gini points over this twenty year period. When it is adjusted for the likely under-reporting of top incomes in surveys by using the gap between national accounts consumption and survey means in combination with a Pareto-type imputation of the upper tail, the estimate is a much higher global Gini of almost 76 percent. With such an adjustment the downward trend in the Gini almost disappears. Tracking the evolution of individual country-deciles shows the underlying elements that drive the changes in the global distribution: China has graduated from the bottom ranks, modifying the overall shape of the global income distribution in the process and creating an important global "median" class that has transformed a twin-peaked 1988 global distribution into an almost single-peaked one now. The "winners" were country-deciles that in 1988 were around the median of the global income distribution, 90 percent of whom in terms of population are from Asia. The "losers" were the country-deciles that in 1988 were around the 85th percentile of the global income distribution, almost 90 percent of whom in terms of population are from mature economies |
| Umfang: | 1 Online-Ressource (62 p) |
| DOI: | 10.1596/1813-9450-6719 |
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| 520 | |a The paper presents a newly compiled and improved database of national household surveys between 1988 and 2008. In 2008, the global Gini index is around 70.5 percent having declined by approximately 2 Gini points over this twenty year period. When it is adjusted for the likely under-reporting of top incomes in surveys by using the gap between national accounts consumption and survey means in combination with a Pareto-type imputation of the upper tail, the estimate is a much higher global Gini of almost 76 percent. With such an adjustment the downward trend in the Gini almost disappears. Tracking the evolution of individual country-deciles shows the underlying elements that drive the changes in the global distribution: China has graduated from the bottom ranks, modifying the overall shape of the global income distribution in the process and creating an important global "median" class that has transformed a twin-peaked 1988 global distribution into an almost single-peaked one now. The "winners" were country-deciles that in 1988 were around the median of the global income distribution, 90 percent of whom in terms of population are from Asia. The "losers" were the country-deciles that in 1988 were around the 85th percentile of the global income distribution, almost 90 percent of whom in terms of population are from mature economies | ||
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| id | DE-604.BV048266134 |
| illustrated | Not Illustrated |
| indexdate | 2024-12-20T19:40:08Z |
| institution | BVB |
| language | English |
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| physical | 1 Online-Ressource (62 p) |
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| publishDate | 2013 |
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| publisher | The World Bank |
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| spellingShingle | Lakner, Christoph Global Income Distribution From the Fall of the Berlin Wall to the Great Recession |
| title | Global Income Distribution From the Fall of the Berlin Wall to the Great Recession |
| title_auth | Global Income Distribution From the Fall of the Berlin Wall to the Great Recession |
| title_exact_search | Global Income Distribution From the Fall of the Berlin Wall to the Great Recession |
| title_full | Global Income Distribution From the Fall of the Berlin Wall to the Great Recession Lakner, Christoph |
| title_fullStr | Global Income Distribution From the Fall of the Berlin Wall to the Great Recession Lakner, Christoph |
| title_full_unstemmed | Global Income Distribution From the Fall of the Berlin Wall to the Great Recession Lakner, Christoph |
| title_short | Global Income Distribution |
| title_sort | global income distribution from the fall of the berlin wall to the great recession |
| title_sub | From the Fall of the Berlin Wall to the Great Recession |
| url | https://doi.org/10.1596/1813-9450-6719 |
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