A New Data Set Measuring Income Inequality
Klaus Deininger,Lyn Squire +1 more
TL;DR: In this paper, a new data set on inequality in the distribution of income is presented, and the authors explain the criteria they applied in selecting data on Gini coefficients and on individual quintile groups' income shares.
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Abstract: This article presents a new data set on inequality in the distribution of income. The authors explain the criteria they applied in selecting data on Gini coefficients and on individual quintile groups' income shares. Comparison of the new data set with existing compilations reveals that the data assembled here represent an improvement in quality and a significant expansion in coverage, although differences in the definition of the underlying data might still affect inter temporal and international comparability. Based on this new data set, the authors do not find a systematic link between growth and changes in aggregate inequality. They do find a strong positive relationship between growth and reduction of poverty.
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Citations
New Estimates of Global Poverty and Inequality: How much difference do price data really make?
Peter Edward,Andy Sumner +1 more
TL;DR: This paper made new estimates of global poverty and inequality in 2012 using both 'old', 2005 and 'new', 2011 purchasing power parity (PPP) price data in order to assess systematically what difference PPP data makes to the estimates.
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Welfare in Villages and Towns: Micro-Measurement of Poverty and Inequality
TL;DR: In this paper, the authors construct and derive the properties of an estimator of welfare which takes advantage of the detailed nature of information about living standards available in small household surveys and the comprehensive coverage of a census.
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Understanding Income Inequality in China: A Multi-Angle Perspective
Shujie Yao,Liwei Zhu +1 more
TL;DR: In this article, a multi-angle approach was adopted to fully understand income inequality in China, where the authors first use some top-down information to form a general picture of inequality for the whole country, and then use some bottom-up household survey data to explain in detail the development of inequality over time regarding rural/urban inequality, rural inequality, urban inequality and inter-regional inequality, the relative importance of different income sources to overall inequality.
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References
Economic Growth and Income Inequality
TL;DR: The process of industrialization engenders increasing income inequality as the labor force shifts from low-income agriculture to the high income sectors as mentioned in this paper, and on more advanced levels of development inequality starts decreasing and industrialized countries are again characterized by low inequality due to the smaller weight of agriculture in production and income generation.
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Distributive Politics and Economic Growth
Alberto Alesina,Dani Rodrik +1 more
TL;DR: This paper analyzed the relationship between economics and politics and concluded that inequality is conducive to the adoption of growth-retarding policies, and presented cross-country evidence consistent with it. But their analysis focused on how an economy's initial configuration of resources shapes the political struggle for income and wealth distribution, and how that, in turn, affects long run growth.
The Penn World Table (Mark 5): An Expanded Set of International Comparisons, 1950–1988
Robert Summers,Alan Heston +1 more
TL;DR: The Penn World Table as discussed by the authors is a set of national accounts economic time series covering many countries and its expenditure entries are denominated in common set of prices in a common currency so that real quantity comparisons can be made, both between countries and over time.
3.6K
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Economic Growth and Social Equity in Developing Countries
Irma Adelman,Cynthia Taft Morris +1 more
- 01 Jan 1973
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