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In the context of polarized societies, income homogeneity is linked to the frequency and the intensity of social unrest. Most homogenous countries exhibit a lower frequency of intense social conflicts and less homogeneous countries show a higher frequency of moderate social conflicts. This paper...
Persistent link: https://www.econbiz.de/10012937254
, making an intertemporal comparison of the estimates possible. The concentration of household wealth shows a downward trend in …
Persistent link: https://www.econbiz.de/10012921192
This paper uses US state panel data to explore the relationship between the share of income received by affluent households and the level of income and earnings received by low and middle-income families. A rising top share of income can potentially lead to increases in the incomes of low and...
Persistent link: https://www.econbiz.de/10013088972
The creation of national middle classes and the changes in consumption patterns in many Sub-Saharan African (SSA) countries suggest reconsidering the way welfare and consequently inequality is typically measured. Using only consumption to measure welfare can lead to an important loss of...
Persistent link: https://www.econbiz.de/10012911777
The paper uses a combination of micro-level datasets to document the rise of income polarization - what some have referred to as the 'hollowing out' of the income distribution - in the United States, since the 1970s. While in the initial decades more middle-income households moved up, rather...
Persistent link: https://www.econbiz.de/10012977856
This chapter reviews the basic conceptual foundations for the measurement of polarization, the origins of those foundations, how polarization is distinct from inequality and other ways of considering distances and differences across individuals, and how polarization can be measured in an...
Persistent link: https://www.econbiz.de/10014025346
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
We investigate whether Chinese household incomes have caught up to those of the middle class in the developed world. Using nationwide survey data for 2002 and 2013, we find considerable catch up. Defining the global middle class as being neither poor nor rich in the developed world, we estimate...
Persistent link: https://www.econbiz.de/10012006264
This chapter seeks to throw new light on the emergence of the Chinese economic middle class using data from the China Household Income Project from 2002, 2007, and 2013. We find that between 2002 and 2013 China's income distribution was transformed from a pyramid shape, with a majority having...
Persistent link: https://www.econbiz.de/10011876462