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Global inequality recalculated and updated: the effect of new PPP estimates on global inequality and 2005 estimates

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  • Branko Milanovic

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  • Branko Milanovic, 2012. "Global inequality recalculated and updated: the effect of new PPP estimates on global inequality and 2005 estimates," The Journal of Economic Inequality, Springer;Society for the Study of Economic Inequality, vol. 10(1), pages 1-18, March.
  • Handle: RePEc:kap:jecinq:v:10:y:2012:i:1:p:1-18
    DOI: 10.1007/s10888-010-9155-y
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    1. Sanjay Reddy & Camelia Minoiu, 2009. "Real Income Stagnation of Countries 1960-2001," Journal of Development Studies, Taylor & Francis Journals, vol. 45(1), pages 1-23.
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    3. 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.
    4. Tom Van Ourti & Philip Clarke, 2011. "A Simple Correction to Remove the Bias of the Gini Coefficient due to Grouping," The Review of Economics and Statistics, MIT Press, vol. 93(3), pages 982-994, August.
    5. Angus Deaton, 2005. "ERRATUM: Measuring Poverty in a Growing World (or Measuring Growth in a Poor World)," The Review of Economics and Statistics, MIT Press, vol. 87(2), pages 395-395, May.
    6. Branko Milanovic, 2005. "Global Income Inequality: What It Is And Why It Matters?," HEW 0512001, EconWPA.
    7. Shujie Yao & Liwei Zhu, 1998. "Understanding Income Inequality in China: A Multi-Angle Perspective," Economic Change and Restructuring, Springer, vol. 31(2), pages 133-150, May.
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    9. Angus Maddison, 2009. "Measuring The Economic Performance Of Transition Economies: Some Lessons From Chinese Experience," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 55(s1), pages 423-441, July.
    10. Li, Hongyi & Squire, Lyn & Zou, Heng-fu, 1998. "Explaining International and Intertemporal Variations in Income Inequality," Economic Journal, Royal Economic Society, vol. 108(446), pages 26-43, January.
    11. 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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    13. Yao, Shujie & Zhu, Liwei, 1998. "Understanding Income Inequality in China: A Multi-angle Perspective," Economic Change and Restructuring, Springer, vol. 31(2-3), pages 133-150.
    14. Davies, J. B. & Shorrocks, A. F., 1989. "Optimal grouping of income and wealth data," Journal of Econometrics, Elsevier, vol. 42(1), pages 97-108, September.
    15. Steve Dowrick & Muhammad Akmal, 2005. "Contradictory Trends In Global Income Inequality: A Tale Of Two Biases," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 51(2), pages 201-229, June.
    16. Theil, Henri & Theil, Henri, 1979. "World income inequality and its components," Economics Letters, Elsevier, vol. 2(1), pages 99-102.
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    Cited by:

    1. Gluschenko, Konstantin, 2015. "‘Williamson’s Fallacy’ in Estimation of Inter-Regional Inequality," MPRA Paper 71075, University Library of Munich, Germany, revised 03 May 2016.
    2. Peter Edward & Andy Sumner, 2013. "The Future of Global Poverty in a Multi-Speed World: New Estimates of Scale, Location and Cost," Working Papers 111, International Policy Centre for Inclusive Growth.
    3. Stephan Klasen & Nathalie Scholl & Rahul Lahoti & Sophie Ochmann & Sebastian Vollmer, 2016. "Inequality – Worldwide Trends and Current Debates," Courant Research Centre: Poverty, Equity and Growth - Discussion Papers 209, Courant Research Centre PEG.
    4. Timothy Smeeding & Jonathan Latner, 2015. "PovcalNet, WDI and ‘All the Ginis’: a critical review," The Journal of Economic Inequality, Springer;Society for the Study of Economic Inequality, vol. 13(4), pages 603-628, December.
    5. Pinkovskiy, Maxim L., 2013. "World welfare is rising: Estimation using nonparametric bounds on welfare measures," Journal of Public Economics, Elsevier, vol. 97(C), pages 176-195.
    6. Peter Edward, Andy Sumner, 2013. "The Geography of Inequality: Where and by How Much Has Income Distribution Changed since 1990?-Working Paper 341," Working Papers 341, Center for Global Development.
    7. Crombrugghe, D.P.I. de & Szirmai, A. & Bluhm, R., 2014. "Poor trends: The pace of poverty reduction after the Millennium Development Agenda," MERIT Working Papers 006, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
    8. João Sousa Andrade & Adelaide Duarte & Marta Simões, 2012. "A European Distribution of Income Perspective on Portugal-EU Convergence," Book Chapters, Institute of Economic Sciences.
    9. Peter Edward & Andy Sumner, 2014. "The Poor, the Prosperous and the ?Inbetweeners?: A Fresh Perspective on Global Society, Inequality and Growth," Working Papers 122, International Policy Centre for Inclusive Growth.
    10. Christoph Lakner & Branko Milanovic, 2016. "Global Income Distribution: From the Fall of the Berlin Wall to the Great Recession," World Bank Economic Review, World Bank Group, vol. 30(2), pages 203-232.
    11. Thomas Goda & Alejandro Torres García, 2017. "The Rising Tide of Absolute Global Income Inequality During 1850–2010: Is It Driven by Inequality Within or Between Countries?," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 130(3), pages 1051-1072, February.
    12. Peter Edward & Andy Sumner, 2013. "Inequality from a global perspective: An alternative approach," Working Papers 302, ECINEQ, Society for the Study of Economic Inequality.
    13. Allanson, Paul, 2014. "Income stratification and between-group inequality," Economics Letters, Elsevier, vol. 124(2), pages 227-230.
    14. Channing Arndt & Kristi Mahrt, 2017. "Is inequality underestimated in Mozambique? Accounting for underreported consumption," WIDER Working Paper Series 153, World Institute for Development Economic Research (UNU-WIDER).
    15. Sudhir Anand & Paul Segal, 2014. "The Global Distribution of Income," Economics Series Working Papers 714, University of Oxford, Department of Economics.
    16. Laurence Roope & Miguel Niño-Zarazúa & Finn Tarp, 2018. "How polarized is the global income distribution?," WIDER Working Paper Series 003, World Institute for Development Economic Research (UNU-WIDER).
    17. Facundo Alvaredo & Leonardo Gasparini, 2013. "Recent Trends in Inequality and Poverty in Developing Countries," CEDLAS, Working Papers 0151, CEDLAS, Universidad Nacional de La Plata.
    18. Anand, Sudhir & Segal, Paul, 2017. "Who Are the Global Top 1%?," World Development, Elsevier, vol. 95(C), pages 111-126.
    19. Thomas Goda, 2013. "Changes in income inequality from a global perspective: An overview," Working Papers PKWP1303, Post Keynesian Economics Study Group (PKSG).
    20. Harald Winkler & Anya Boyd & Marta Torres Gunfaus & Stefan Raubenheimer, 2015. "Reconsidering development by reflecting on climate change," International Environmental Agreements: Politics, Law and Economics, Springer, vol. 15(4), pages 369-385, November.
    21. Edward, Peter & Sumner, Andy, 2014. "Estimating the Scale and Geography of Global Poverty Now and in the Future: How Much Difference Do Method and Assumptions Make?," World Development, Elsevier, vol. 58(C), pages 67-82.
    22. Robert Inklaar & D. S. Prasada Rao, 2017. "Cross-Country Income Levels over Time: Did the Developing World Suddenly Become Much Richer?," American Economic Journal: Macroeconomics, American Economic Association, vol. 9(1), pages 265-290, January.
    23. Amlan Majumder & Takayoshi Kusago, 2013. "A discreet approach to study the distribution-free downward biases of Gini coefficient and the methods of correction in cases of small observations," Working Papers 298, ECINEQ, Society for the Study of Economic Inequality.
    24. Inklaar, Robert & Diewert, W. Erwin, 2016. "Measuring industry productivity and cross-country convergence," Journal of Econometrics, Elsevier, vol. 191(2), pages 426-433.

    More about this item

    Keywords

    Global inequality; International inequality; Purchasing power parity; D31; I3; 057;

    JEL classification:

    • D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution
    • I3 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty

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