Global Inequality Recalculated : The Effect of New 2005 PPP Estimates on Global Inequality

• Tác giả: Branko Milanovic
• Ngôn ngữ: eng
• Ký hiệu phân loại: 339.22 Distribution of aggregate personal income and wealth
• Thông tin xuất bản: 2012
• Bộ sưu tập: Tài liệu truy cập mở
• ID: 313095
• Chủ đề: 1. ADVANCED ECONOMIES; 2. AVERAGE INCOME; 3. BASKET OF GOODS; 4. BENCHMARK; 5. COMPARATIVE ANALYSIS

Tóm tắt

The results of new direct price level comparisons across 148 countries in 2005 have led to large revisions of purchasing power parity exchanges rates, particularly for China and India. The recalculation of international and global inequalities, using the new purchasing power parity rates, shows that inequalities are substantially higher than previously thought. Inequality between global citizens is estimated at 70 Gini points rather than 65 as before. The richest decile receives 57 percent of global income rather than 50 percent.