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Global income inequality by the numbers : in history and now --an overview--

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  • Milanovic, Branko

Abstract

The paper presents an overview of calculations of global inequality, recently and over the long-run as well as main controversies and political and philosophical implications of the findings. It focuses in particular on the winners and losers of the most recent episode of globalization, from 1988 to 2008. It suggests that the period might have witnessed the first decline in global inequality between world citizens since the Industrial Revolution. The decline however can be sustained only if countries'mean incomes continue to converge (as they have been doing during the past ten years) and if internal (within-country) inequalities, which are already high, are kept in check. Mean-income convergence would also reduce the huge"citizenship premium"that is enjoyed today by the citizens of rich countries.

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Bibliographic Info

Paper provided by The World Bank in its series Policy Research Working Paper Series with number 6259.

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Date of creation: 01 Nov 2012
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Handle: RePEc:wbk:wbrwps:6259

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Related research

Keywords: Inequality; Poverty Impact Evaluation; Services&Transfers to Poor; Equity and Development; Income;

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References

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  1. Angus Deaton, 2005. "Measuring Poverty in a Growing World (or Measuring Growth in a Poor World)," The Review of Economics and Statistics, MIT Press, vol. 87(1), pages 1-19, February.
  2. Maddison, Angus, 2007. "Contours of the World Economy 1-2030 AD: Essays in Macro-Economic History," OUP Catalogue, Oxford University Press, number 9780199227204, September.
  3. Anton Korinek & Johan Mistiaen & Martin Ravallion, 2006. "Survey nonresponse and the distribution of income," Journal of Economic Inequality, Springer, vol. 4(1), pages 33-55, April.
  4. Sudhir Anand & Paul Segal, 2008. "What Do We Know about Global Income Inequality?," Journal of Economic Literature, American Economic Association, vol. 46(1), pages 57-94, March.
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Blog mentions

As found by EconAcademics.org, the blog aggregator for Economics research:
  1. Is inequality good or bad?
    by Johan Fourie in Johan Fourie's Blog on 2014-02-17 19:11:13

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