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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/10014116671
Economic development, which refers to the process of progressive transformation of an economy, is a multifaceted term without a universal definition. This article presents the constitutive elements of economic development, such as growth, distribution, and innovation. Economic development has...
Persistent link: https://www.econbiz.de/10012849707
We argue that with interdependent utility functions growth can lead to a decline in total welfare of a society if the gains from growth are sufficiently unequally distributed in the presence of negative externalities, i.e., envy.
Persistent link: https://www.econbiz.de/10010440430
We investigate the evolution of global welfare in two dimensions: income per capita and life expectancy. First, we estimate the marginal distributions of income and life expectancy separately. More importantly, in contrast to previous univariate approaches, we consider income and life expectancy...
Persistent link: https://www.econbiz.de/10014049152
We estimate the world distribution of income by integrating individual income distributions for 125 countries between … hosted 11% of the world's poor in 1960. It hosted 66% of them in 1998. We estimate nine indexes of income inequality implied … by our world distribution of income. All of them show substantial reductions in global income inequality during the 1980s …
Persistent link: https://www.econbiz.de/10014116672
timeframe. Leveraging hitherto unexploited wealth inequality data from the World Inequality Database, covering a panel of 165 …
Persistent link: https://www.econbiz.de/10014553772
Persistent link: https://www.econbiz.de/10010457476
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 … first is that the thresholds used to classify countries by the World Bank and extensively used by aid agencies, albeit with …
Persistent link: https://www.econbiz.de/10009752790
Persistent link: https://www.econbiz.de/10009720524
whether this implies the end of the historical two-cluster world rather than merely a transition as some people move from the … the world's richest 1 per cent, while just a modest amount of redistribution would have ended $2 poverty. If the share of …
Persistent link: https://www.econbiz.de/10010251665