True World Income Distribution, 1988 and 1993 First Calculations, Based on Household Surveys Alone
True World Income Distribution, 1988 and 1993: First Calculations, Based on Household Surveys Alone

Inequality in world income is very high, according to household surveys, more because of differences between mean country incomes than because of inequality within countries. World inequality increased between 1988 and 1993, driven by slower growth in rural per capita incomes in populous Asian count...

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Bibliographische Detailangaben
1. Verfasser: Milanovic, Branko (VerfasserIn)
Format: Elektronisch E-Book
Sprache:English
Veröffentlicht: Washington, D.C The World Bank 1999
Schlagworte:
Consumption
Economic Theory
Economic Theory and Research
Emerging Markets
Finance and Financial Sector Development
Financial Literacy
Growth Models
Health Systems Development and Reform
Health, Nutrition and Population
Household Income
Household Surveys
Income
Income Differences
Income Distribution
Income Distribution Data
Income Inequality
Increasing Inequality
Inequality
Macroeconomics
Macroeconomics and Economic Growth
Mean Incomes
Median Voter
Median Voter Hypothesis
Personal Income
Political Economy
Poverty Diagnostics
Poverty Impact Evaluation
Poverty Reduction
Power Parity
Private Sector Development
Rising Inequality
Rural Development
Rural Poverty Reduction
Services and Transfers to Poor
Social Protections and Labor
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Zusammenfassung:Inequality in world income is very high, according to household surveys, more because of differences between mean country incomes than because of inequality within countries. World inequality increased between 1988 and 1993, driven by slower growth in rural per capita incomes in populous Asian countries (Bangladesh, China, and India) than in large, rich OECD countries, and by increasing income differences between urban China on the one hand and rural China and rural India on the other. - Milanovic derives the distribution of individuals' income or expenditures for two years, 1988 and 1993. His is the first paper to calculate world distribution for individuals based entirely on data from household surveys. The data, from 91 countries, are adjusted for differences in purchasing power parity between the countries. Measured by the Gini index, inequality increased from an already high 63 in 1988 to 66 in 1993. This increase was driven more by rising differences in mean incomes between countries than by rising inequalities within countries. Contributing most to the inequality were rising urban-rural differences in China and the slower growth of rural purchasing-power-adjusted incomes in South Asia than in several large developed market economies. This paper - a product of Poverty and Human Resources, Development Research Group - is part of a larger effort in the group to study inequality and poverty in the world. Also published in The Economic Journal, January 2002 pp. 51-92 The author may be contacted at bmilanovic@worldbank.org
Beschreibung:Weitere Ausgabe: Milanovic, Branko: True World Income Distribution, 1988 and 1993
Beschreibung:1 Online-Ressource (1 online resource (70 p.))
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