Global inequality and global inequality extraction ratio: The story of the last two centuries
AbstractUsing social tables, we make an estimate of global inequality (inequality among world citizens) in early 19th century. We then show that the level and composition of global inequality have changed over the last two centuries. The level has increased reaching a high plateau around 1950s, and the main determinants of global inequality have become differences in mean country incomes rather than inequalities within nations. The inequality extraction ratio (the percentage of total inequality that was extracted by global elites) has remained surprisingly stable, at around 70 percent of the maximum global Gini, during the last 100 years.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 16535.
Date of creation: 30 Jul 2009
Date of revision:
global inequality; economic history; inequality extraction ratio;
Find related papers by JEL classification:
- D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution
- N3 - Economic History - - Labor and Consumers, Demography, Education, Health, Welfare, Income, Wealth, Religion, and Philanthropy
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