Global inequality and the global inequality extraction ratio: the story of the past two centuries
Using social tables, the author makes an estimate of global inequality (inequality among world citizens) in the early 19th century. The analysis shows that the level and composition of global inequality have changed over the past two centuries. The level has increased, reaching a high plateau around the 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 past 100 years.
|Date of creation:||01 Sep 2009|
|Contact details of provider:|| Postal: 1818 H Street, N.W., Washington, DC 20433|
Phone: (202) 477-1234
Web page: http://www.worldbank.org/
More information through EDIRC
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- 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.
- Branko Milanovic, 2005. "An Estimate Of Average Income And Inequality In Byzantium Around Year 1000," Economic History 0501003, EconWPA.
- Prados De La Escosura, Leandro, 2008.
"Inequality, poverty and the Kuznets curve in Spain, 1850–2000,"
European Review of Economic History,
Cambridge University Press, vol. 12(03), pages 287-324, December.
- Prados de la Escosura, Leandro, 2007. "Inequality, poverty, and the Kuznets curve In Spain, 1850-2000," IFCS - Working Papers in Economic History.WH wp07-13, Universidad Carlos III de Madrid. Instituto Figuerola.
- Maddison, Angus, 2007. "Contours of the World Economy 1-2030 AD: Essays in Macro-Economic History," OUP Catalogue, Oxford University Press, number 9780199227204, December.
- Branko Milanovic & Peter H. Lindert & Jeffrey G. Williamson, 2011. "Pre‐Industrial Inequality," Economic Journal, Royal Economic Society, vol. 121(551), pages 255-272, March.
- Milanovic, Branko, 2007. "An even higher global inequality than previously thought," MPRA Paper 6676, University Library of Munich, Germany.
When requesting a correction, please mention this item's handle: RePEc:wbk:wbrwps:5044. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Roula I. Yazigi)
If references are entirely missing, you can add them using this form.