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In many countries extreme poverty is unnecessary. Yet it persists. We propose a simple index, denoted the Miser index, to measure the extent to which societies have poverty in the midst of affluence. It builds on the generalized Lorenz curve, but can also be seen as a measure of polarization...
Persistent link: https://www.econbiz.de/10010275899
The majority of the world's poor, by income poverty and multi-dimensional poverty, now live in countries officially classified by the World Bank as middle-income countries. Of course nothing happens when a country crosses a (somewhat) arbitrary threshold in per capita income but it does matter...
Persistent link: https://www.econbiz.de/10009752790
What has happened to inequality between and within countries since 1990? In this paper we explore who have been the … winners and losers from global growth since 1990. We find that falls in total global inequality in the last 30 years are … predominantly attributable to rising prosperity in China. We also identify a persistent global structure of two relatively …
Persistent link: https://www.econbiz.de/10010251665
Although it is often argued that wealth inequality matters more for economic growth than income inequality, this … timeframe. Leveraging hitherto unexploited wealth inequality data from the World Inequality Database, covering a panel of 165 … at the top of the distribution and economic growth. A one standard deviation increase in wealth inequality within …
Persistent link: https://www.econbiz.de/10014553772
case studies rather than cross-country regression analysis; (ii) the phenomenon of increasing inequality; (iii) different …) alternative modes of redistribution in face of inequality increasing tendencies. …
Persistent link: https://www.econbiz.de/10014024196
population growth rates produce better outcomes. China and India play a central role on poverty reduction and global inequality … poverty module (GlobPov), we assess the implication of the IPCC SRES scenarios on global poverty and inequality. We find that … global poverty and inequality measures are sensitive to the downscaling methodology used. Our results show that future …
Persistent link: https://www.econbiz.de/10010272101
China's rapid growth was fueled by substantial physical capital investments applied to a large stock of medium skilled … the past decade, China has made substantial investments in producing it. The egalitarian access to medium skilled … education characteristic of the pre-reform era has given rise to substantial inequality in access to higher levels of education …
Persistent link: https://www.econbiz.de/10010282331
Persistent link: https://www.econbiz.de/10009716235
Persistent link: https://www.econbiz.de/10010485748
its great success in poverty reduction, China has witnessed rapidly increasing income inequality which only began to …In this paper, we analyse the relationship between China's structural transformation and the inclusiveness of its … economic growth. China's economy has undergone significant structural changes since it initiated the economic reforms in 1978 …
Persistent link: https://www.econbiz.de/10012181039