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Global inequality between world citizens, using the new PPP data (just published as part of the 2005 ICP), is estimated to be about 70 Gini points. This is some 4-5 Gini points higher than previously thought. The increases are even greater if one uses the Theil index
Persistent link: https://www.econbiz.de/10012725895
The paper investigates the relationship between capitalism systems and their levels of income and compositional inequality (how the composition of income between capital and labor varies along income distribution). Capitalism may be seen to range between Classical Capitalism, where the rich have...
Persistent link: https://www.econbiz.de/10012305082