Cross-Country Convergence in Income and Divergence in Life Expectancy: A Study in Reversais and Contrasts during the 1990s
Using data for about 160 countries, it is shown that, contrary to the widelyheld perceptions that have acquired the status of stylized facts, cross-country inequality in income declined, while that in life expectancy increased, during the 1990s. These changes imply unconditional “convergence” in income, and “divergence” in life expectancy, which is a reversal of the patterns reported in almost all previous research.
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Volume (Year): 58 (2005)
Issue (Month): 1 ()
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