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In Asia inequality in income between countries is more important than inequality within countries. In Africa, Latin America, and Western Europe and North America, by contrast, there are only small differences between countries; inequality within countries is more important. And when countries...
Persistent link: https://www.econbiz.de/10014137675
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Tension is growing between the interests of the middle classes that are in decline in the mature economies and the rising ones in emerging markets. The aim of the public policies proposed in this paper is to impede such a clash by not threatening de-globalisation, avoiding protectionism,...
Persistent link: https://www.econbiz.de/10011758320
This paper investigates the macroeconomic and social determinants of voting behavior, and especially of political polarization, in 20 advanced countries using annual data ranging from 1970 to 2016 and covering 291 parliamentary elections. Using a panel estimation approach and rolling...
Persistent link: https://www.econbiz.de/10012234679
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
Australia has seen large rises in living standards over the last decades across the whole of the income distribution. Technological change and international trade have contributed to this success, but have also brought structural change. Some industries have declined, while others flourished....
Persistent link: https://www.econbiz.de/10011998476
This working paper: (i) provides an overview of global, regional and national income inequalities based on the latest distribution data from the World Bank, UNU-WIDER and Eurostat; (ii) discusses the negative implications of rising income inequality for development; (iii) calls for placing...
Persistent link: https://www.econbiz.de/10014043671
Defining the 'global middle class' as being neither poor nor rich in the developed world, we estimate the size of the global middle class in China and 33 other countries and analyze China's expanding middle class in international perspective. China's global middle class has grown rapidly and has...
Persistent link: https://www.econbiz.de/10012588683
Defining the ‘global middle class’ as being neither poor nor rich in the developed world, we estimate the size of the global middle class in China and 33 other countries and analyze China’s expanding middle class in international perspective. China’s global middle class has grown rapidly...
Persistent link: https://www.econbiz.de/10012591395
Persistent link: https://www.econbiz.de/10012807758