Global inequality and global inequality extraction ratio: The story of the last two centuries
Using 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.
|Date of creation:||30 Jul 2009|
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- Branko Milanovic, 2006.
"An Estimate Of Average Income And Inequality In Byzantium Around Year 1000,"
Review of Income and Wealth,
International Association for Research in Income and Wealth, vol. 52(3), pages 449-470, 09.
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- Milanovic, Branko & Lindert, Peter & Williamson, Jeffrey, 2007.
"Measuring Ancient Inequality,"
5388, University Library of Munich, Germany.
- Jeffrey G. Williamson & Branko Milanovic & Peter H. Lindert, 2008. "Measuring Ancient Inequality," Working Papers 08-06, Association Française de Cliométrie (AFC).
- Milanovic,Branko & Lindert, Peter H. & Williamson, Jeffrey G., 2007. "Measuring ancient inequality," Policy Research Working Paper Series 4412, The World Bank.
- Branko Milanovic & Peter H. Lindert & Jeffrey G. Williamson, 2007. "Measuring Ancient Inequality," NBER Working Papers 13550, National Bureau of Economic Research, Inc.
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