Global Inequality Recalculated : The Effect of New 2005 PPP Estimates on Global Inequality

Global Inequality Recalculated : The Effect of New 2005 PPP Estimates on Global Inequality

The results of new direct price level comparisons across 148 countries in 2005 have led to large revisions of purchasing power parity exchanges rates, particularly for China and India. The recalculation of international and global inequalities, using the new purchasing power parity rates, shows that inequalities are substantially higher than previously thought. Inequality between global citizens is estimated at 70 Gini points rather than 65 as before. The richest decile receives 57 percent of global income rather than 50 percent.

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Bibliographic Details
Main Author: Milanovic, Branko
Language:English
Published: 2009-09-01
Subjects:ADVANCED ECONOMIES, AVERAGE INCOME, BASKET OF GOODS, BENCHMARK, COMPARATIVE ANALYSIS, CONSUMPTION EXPENDITURES, COUNTRY DUMMIES, COUNTRY FIXED EFFECTS, COUNTRY INEQUALITY, COUNTRY REGRESSIONS, COUNTRY TO COUNTRY, DEBT, DEBT CRISIS, DEVELOPED ECONOMIES, DEVELOPING COUNTRIES, DEVELOPING WORLD, DIVERGENCE IN INCOMES, EMPIRICAL STUDIES, EXCHANGE RATES, FINANCIAL CRISIS, FIXED CAPITAL, GDP, GDP PER CAPITA, GINI COEFFICIENT, GLOBAL ECONOMY, GLOBAL INCOME INEQUALITY, GLOBAL INEQUALITIES, GLOBAL INEQUALITY, GLOBAL OUTPUT, GROSS FIXED CAPITAL FORMATION, GROWTH RATE, GROWTH RATES, HIGH GROWTH, HOUSEHOLD SURVEY DATA, HOUSEHOLD SURVEYS, INCOME, INCOME DISTRIBUTION, INCOME INEQUALITY, INCOME LEVELS, INEQUALITY, INEQUALITY INDICATORS, INTERNATIONAL INEQUALITY, MARKET ECONOMIES, MEAN INCOMES, MEASURE OF INEQUALITY, MEASURING POVERTY, NATIONAL INCOME, POLICY RESEARCH, POOR PEOPLE, POPULATION SHARE, POVERTY HEADCOUNT, POVERTY LINE, POVERTY MEASURES, POWER PARITIES, POWER PARITY, PRICE LEVELS, PURCHASING POWER, REAL GROWTH, REAL GROWTH RATE, REAL INCOME, WORLD DEVELOPMENT INDICATORS,
Online Access:http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20090922160230
https://hdl.handle.net/10986/4252
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