Comparing global inequality of income and wealth

James Davies and Anthony F. Shorrocks

No wp-2018-160, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

Abstract: This paper is the first to compare global trends in income and wealth inequality this century. It is based on large income and wealth microdata samples designed to be representative of all countries in the world. Measured by the Gini coefficient, inequality between countries accounts for about two-thirds of global income inequality, but noticeably less— around one half—of wealth inequality. Broadly similar results are found for different years and different inequality indices, bar the share of the top 1 per cent.

Keywords: World; Income inequality; Inequality; Wealth; Distribution (search for similar items in EconPapers)
Date: 2018
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