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This paper studies the effects of globalisation on the income share of the middle class. Our findings suggest that globalisation, proxied by the KOF Economic Globalisation Index, reduces the income share of the middle class. The income share of the poorest 20% also drops due to globalisation,...
Persistent link: https://www.econbiz.de/10012130087
at a level similar to market inequality in other parts of the world, but net inequality (after taxes and transfers) is at …
Persistent link: https://www.econbiz.de/10011578053
world and five decades, we present a portrait of the changing global distribution of consumption and income and discuss its … implications for our understanding of inequality, poverty, inclusivity of growth and development, world economic welfare, and the … the highest levels of inequality in the world, when measured using standardized surveys). The GCIP provides a resource for …
Persistent link: https://www.econbiz.de/10010516605
the world. However, reported econometric estimates vary substantially which makes it difficult to draw valid conclusions …
Persistent link: https://www.econbiz.de/10012153939
The interest in the level of global inequality has surged in recent years. This paper complements existing estimates of global inequality by providing the first estimates of the level of bipolarization of the global income distribution. During 1975-2010, global bipolarization declined...
Persistent link: https://www.econbiz.de/10011777701
How unequal is the world today? Is global income inequality falling, as many economists claim, or is it rising, as one …
Persistent link: https://www.econbiz.de/10011938091
The interest in the level of global inequality has surged in recent years. This paper complements existing estimates of global inequality by providing the first estimates of the level of bipolarization of the global income distribution. During 1975–2010, global bipolarization declined...
Persistent link: https://www.econbiz.de/10012929507
In this paper we argue that the decline in global inequality over the last decades has spurred a 'sunshine' narrative of falling global inequality that has been rather oversold, in the sense, we argue, it is likely to be temporary. We argue the decline in global inequality will reverse due to...
Persistent link: https://www.econbiz.de/10012887946
, primarily during the 2000s, when the global Gini coefficient dropped nearly 10 points and the earnings share of the world …
Persistent link: https://www.econbiz.de/10012956018
This paper is the first to decompose absolute global income inequality into its within-country class and between country-location components. The estimates show that until 1970 locational income differences were the main driver of absolute global inequality, whereas its recent growth can be...
Persistent link: https://www.econbiz.de/10013025513