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The link between happiness and overall inequality is best studied using an index that incorporates different aspects of inequality, and is measured consistently in different countries. One such index is the degree to which happiness itself varies among individuals. Its correlation with both...
Persistent link: https://www.econbiz.de/10013000535
World Distribution of Income and estimate poverty rates, poverty counts and various measures of income inequality and … welfare. Using the official $1/day line, we estimate that world poverty rates have fallen by 80% from 0.268 in 1970 to 0 …
Persistent link: https://www.econbiz.de/10013150544
Current global inequality measures assume that national-mean income does not matter to economic welfare at given household income, as measured in surveys. The paper questions that assumption on theoretical and empirical grounds and finds that prominent stylized facts about global inequality are...
Persistent link: https://www.econbiz.de/10012931206
person in the world. We then estimate the gaussian kernel density function for the worldwide distribution of income. We … compute world poverty rates by integrating the density function below the poverty lines. The $1/day poverty rate has fallen …
Persistent link: https://www.econbiz.de/10013230367
The real effective exchange rate (REER) is one of the most cited statistical constructs in open-economy macroeconomics. We show that the models used to compute these numbers are not rich enough to allow for the rising importance of global value chains. Moreover, because different sectors within...
Persistent link: https://www.econbiz.de/10013052107
A number of economic studies have used a proxy for world real economic activity derived from shipping costs. This … with world output, and ability to predict commodity prices. I conclude that measures derived from world industrial …
Persistent link: https://www.econbiz.de/10013233754
developing world. While fewer people are poor by the global absolute standard, more are poor by the country-specific relative … standard. The vast bulk of poverty, both absolute and relative, is now found in the developing world.Institutional subscribers …
Persistent link: https://www.econbiz.de/10012863688
Proponents of globalization often conclude that its critics are ignorant or self-motivated. In doing so, they have … missed a valuable opportunity to discover both how best to communicate the benefits of globalization, and how to improve on … the current model of globalization. This paper examines the values, beliefs and facts that lead critics to the view that …
Persistent link: https://www.econbiz.de/10013065371
growing literature on wealth inequality across the world. Evidence points towards a rise in global wealth concentration: for … financial globalization makes it increasingly hard to measure wealth at the top. I discuss how new data sources (leaks from …
Persistent link: https://www.econbiz.de/10012894436
argues that the likely impact of globalization on world inequality has been very different from what these simple …The world economy has become more unequal over the last two centuries. Since within- country inequality exhibits no … ubiquitous trend, it follows that virtually all of the observed rise in world income inequality has been driven by widening gaps …
Persistent link: https://www.econbiz.de/10013221931