The global income distribution for high-income countries:
This paper presents the global income distribution between all individuals living in the developed world. Global inequality for the group of high-income countries, as measured by the Gini coefficient, stands at 37 in 2013 and has increased by almost 3 Gini points since the mid-1990s. This was mainly...
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Paris
OECD Publishing
2017
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| Schriftenreihe: | OECD Economics Department Working Papers
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| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | This paper presents the global income distribution between all individuals living in the developed world. Global inequality for the group of high-income countries, as measured by the Gini coefficient, stands at 37 in 2013 and has increased by almost 3 Gini points since the mid-1990s. This was mainly driven by top 10% incomes growing more than middle and lower incomes and the bottom 10% falling behind. Rising inequality within the United States drives almost half of the inequality increase among high-income countries, a combination of a sizeable rise in inequality and a population share around a third in the sample. The broad global middle in high-income countries, located from the 10th to the 90th percentile, experienced strikingly similar disposable income growth, but at a very slow annualised rate around 0.5%. Robustness analyses show that this low-growth result is sensitive to declining real incomes in Japan and that scaling micro-based incomes to national accounts means, to include in-kind transfers such as healthcare and educational services, lifts measured household income growth substantially. Finally, the paper delivers a methodological contribution by decomposing the global growth incidence curve into within- and between-country components, allowing for a more granular assessment of the development than is possible by decomposing inequality indices. The decomposition shows that between-country income differences contributed little to growing inequality in the group of high-income countries |
| Beschreibung: | 1 Online-Ressource (55 Seiten) |
| DOI: | 10.1787/65206dc1-en |
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| 520 | |a This paper presents the global income distribution between all individuals living in the developed world. Global inequality for the group of high-income countries, as measured by the Gini coefficient, stands at 37 in 2013 and has increased by almost 3 Gini points since the mid-1990s. This was mainly driven by top 10% incomes growing more than middle and lower incomes and the bottom 10% falling behind. Rising inequality within the United States drives almost half of the inequality increase among high-income countries, a combination of a sizeable rise in inequality and a population share around a third in the sample. The broad global middle in high-income countries, located from the 10th to the 90th percentile, experienced strikingly similar disposable income growth, but at a very slow annualised rate around 0.5%. Robustness analyses show that this low-growth result is sensitive to declining real incomes in Japan and that scaling micro-based incomes to national accounts means, to include in-kind transfers such as healthcare and educational services, lifts measured household income growth substantially. Finally, the paper delivers a methodological contribution by decomposing the global growth incidence curve into within- and between-country components, allowing for a more granular assessment of the development than is possible by decomposing inequality indices. The decomposition shows that between-country income differences contributed little to growing inequality in the group of high-income countries | ||
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| spelling | Hermansen, Mikkel Verfasser aut The global income distribution for high-income countries Mikkel Hermansen Paris OECD Publishing 2017 1 Online-Ressource (55 Seiten) txt rdacontent c rdamedia cr rdacarrier OECD Economics Department Working Papers This paper presents the global income distribution between all individuals living in the developed world. Global inequality for the group of high-income countries, as measured by the Gini coefficient, stands at 37 in 2013 and has increased by almost 3 Gini points since the mid-1990s. This was mainly driven by top 10% incomes growing more than middle and lower incomes and the bottom 10% falling behind. Rising inequality within the United States drives almost half of the inequality increase among high-income countries, a combination of a sizeable rise in inequality and a population share around a third in the sample. The broad global middle in high-income countries, located from the 10th to the 90th percentile, experienced strikingly similar disposable income growth, but at a very slow annualised rate around 0.5%. Robustness analyses show that this low-growth result is sensitive to declining real incomes in Japan and that scaling micro-based incomes to national accounts means, to include in-kind transfers such as healthcare and educational services, lifts measured household income growth substantially. Finally, the paper delivers a methodological contribution by decomposing the global growth incidence curve into within- and between-country components, allowing for a more granular assessment of the development than is possible by decomposing inequality indices. The decomposition shows that between-country income differences contributed little to growing inequality in the group of high-income countries Economics https://doi.org/10.1787/65206dc1-en Verlag kostenfrei Volltext |
| spellingShingle | Hermansen, Mikkel The global income distribution for high-income countries Economics |
| title | The global income distribution for high-income countries |
| title_auth | The global income distribution for high-income countries |
| title_exact_search | The global income distribution for high-income countries |
| title_exact_search_txtP | The global income distribution for high-income countries |
| title_full | The global income distribution for high-income countries Mikkel Hermansen |
| title_fullStr | The global income distribution for high-income countries Mikkel Hermansen |
| title_full_unstemmed | The global income distribution for high-income countries Mikkel Hermansen |
| title_short | The global income distribution for high-income countries |
| title_sort | the global income distribution for high income countries |
| topic | Economics |
| topic_facet | Economics |
| url | https://doi.org/10.1787/65206dc1-en |
| work_keys_str_mv | AT hermansenmikkel theglobalincomedistributionforhighincomecountries |