Global Inequality Recalculated : The Effect of New 2005 PPP Estimates on Global Inequality
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, usi...
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| Format: | Policy Research Working Paper |
| Language: | English |
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2012
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| Online Access: | http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20090922160230 http://hdl.handle.net/10986/4252 |
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okr-10986-42522021-04-23T14:02:16Z Global Inequality Recalculated : The Effect of New 2005 PPP Estimates on Global Inequality Milanovic, Branko ADVANCED ECONOMIES AVERAGE INCOME BASKET OF GOODS BENCHMARK COMPARATIVE ANALYSIS CONSUMPTION EXPENDITURES COUNTRY DUMMIES COUNTRY FIXED EFFECTS COUNTRY INEQUALITY COUNTRY REGRESSIONS COUNTRY TO COUNTRY DEBT DEBT CRISIS DEVELOPED ECONOMIES DEVELOPING COUNTRIES DEVELOPING WORLD DIVERGENCE IN INCOMES EMPIRICAL STUDIES EXCHANGE RATES FINANCIAL CRISIS FIXED CAPITAL GDP GDP PER CAPITA GINI COEFFICIENT GLOBAL ECONOMY GLOBAL INCOME INEQUALITY GLOBAL INEQUALITIES GLOBAL INEQUALITY GLOBAL OUTPUT GROSS FIXED CAPITAL FORMATION GROWTH RATE GROWTH RATES HIGH GROWTH HOUSEHOLD SURVEY DATA HOUSEHOLD SURVEYS INCOME INCOME DISTRIBUTION INCOME INEQUALITY INCOME LEVELS INEQUALITY INEQUALITY INDICATORS INTERNATIONAL INEQUALITY MARKET ECONOMIES MEAN INCOMES MEASURE OF INEQUALITY MEASURING POVERTY NATIONAL INCOME POLICY RESEARCH POOR PEOPLE POPULATION SHARE POVERTY HEADCOUNT POVERTY LINE POVERTY MEASURES POWER PARITIES POWER PARITY PRICE LEVELS PURCHASING POWER REAL GROWTH REAL GROWTH RATE REAL INCOME WORLD DEVELOPMENT INDICATORS 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. 2012-03-19T19:12:38Z 2012-03-19T19:12:38Z 2009-09-01 http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20090922160230 http://hdl.handle.net/10986/4252 English Policy Research working paper ; no. WPS 5061 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Publications & Research :: Policy Research Working Paper The World Region The World Region |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
ADVANCED ECONOMIES AVERAGE INCOME BASKET OF GOODS BENCHMARK COMPARATIVE ANALYSIS CONSUMPTION EXPENDITURES COUNTRY DUMMIES COUNTRY FIXED EFFECTS COUNTRY INEQUALITY COUNTRY REGRESSIONS COUNTRY TO COUNTRY DEBT DEBT CRISIS DEVELOPED ECONOMIES DEVELOPING COUNTRIES DEVELOPING WORLD DIVERGENCE IN INCOMES EMPIRICAL STUDIES EXCHANGE RATES FINANCIAL CRISIS FIXED CAPITAL GDP GDP PER CAPITA GINI COEFFICIENT GLOBAL ECONOMY GLOBAL INCOME INEQUALITY GLOBAL INEQUALITIES GLOBAL INEQUALITY GLOBAL OUTPUT GROSS FIXED CAPITAL FORMATION GROWTH RATE GROWTH RATES HIGH GROWTH HOUSEHOLD SURVEY DATA HOUSEHOLD SURVEYS INCOME INCOME DISTRIBUTION INCOME INEQUALITY INCOME LEVELS INEQUALITY INEQUALITY INDICATORS INTERNATIONAL INEQUALITY MARKET ECONOMIES MEAN INCOMES MEASURE OF INEQUALITY MEASURING POVERTY NATIONAL INCOME POLICY RESEARCH POOR PEOPLE POPULATION SHARE POVERTY HEADCOUNT POVERTY LINE POVERTY MEASURES POWER PARITIES POWER PARITY PRICE LEVELS PURCHASING POWER REAL GROWTH REAL GROWTH RATE REAL INCOME WORLD DEVELOPMENT INDICATORS |
| spellingShingle |
ADVANCED ECONOMIES AVERAGE INCOME BASKET OF GOODS BENCHMARK COMPARATIVE ANALYSIS CONSUMPTION EXPENDITURES COUNTRY DUMMIES COUNTRY FIXED EFFECTS COUNTRY INEQUALITY COUNTRY REGRESSIONS COUNTRY TO COUNTRY DEBT DEBT CRISIS DEVELOPED ECONOMIES DEVELOPING COUNTRIES DEVELOPING WORLD DIVERGENCE IN INCOMES EMPIRICAL STUDIES EXCHANGE RATES FINANCIAL CRISIS FIXED CAPITAL GDP GDP PER CAPITA GINI COEFFICIENT GLOBAL ECONOMY GLOBAL INCOME INEQUALITY GLOBAL INEQUALITIES GLOBAL INEQUALITY GLOBAL OUTPUT GROSS FIXED CAPITAL FORMATION GROWTH RATE GROWTH RATES HIGH GROWTH HOUSEHOLD SURVEY DATA HOUSEHOLD SURVEYS INCOME INCOME DISTRIBUTION INCOME INEQUALITY INCOME LEVELS INEQUALITY INEQUALITY INDICATORS INTERNATIONAL INEQUALITY MARKET ECONOMIES MEAN INCOMES MEASURE OF INEQUALITY MEASURING POVERTY NATIONAL INCOME POLICY RESEARCH POOR PEOPLE POPULATION SHARE POVERTY HEADCOUNT POVERTY LINE POVERTY MEASURES POWER PARITIES POWER PARITY PRICE LEVELS PURCHASING POWER REAL GROWTH REAL GROWTH RATE REAL INCOME WORLD DEVELOPMENT INDICATORS Milanovic, Branko Global Inequality Recalculated : The Effect of New 2005 PPP Estimates on Global Inequality |
| geographic_facet |
The World Region The World Region |
| relation |
Policy Research working paper ; no. WPS 5061 |
| description |
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. |
| format |
Publications & Research :: Policy Research Working Paper |
| author |
Milanovic, Branko |
| author_facet |
Milanovic, Branko |
| author_sort |
Milanovic, Branko |
| title |
Global Inequality Recalculated : The Effect of New 2005 PPP Estimates
on Global Inequality |
| title_short |
Global Inequality Recalculated : The Effect of New 2005 PPP Estimates
on Global Inequality |
| title_full |
Global Inequality Recalculated : The Effect of New 2005 PPP Estimates
on Global Inequality |
| title_fullStr |
Global Inequality Recalculated : The Effect of New 2005 PPP Estimates
on Global Inequality |
| title_full_unstemmed |
Global Inequality Recalculated : The Effect of New 2005 PPP Estimates
on Global Inequality |
| title_sort |
global inequality recalculated : the effect of new 2005 ppp estimates
on global inequality |
| publishDate |
2012 |
| url |
http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20090922160230 http://hdl.handle.net/10986/4252 |
| _version_ |
1764390604058394624 |