Comparing Global Trends in Wealth and Income Inequality James - PowerPoint PPT Presentation

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Comparing Global Trends in Wealth and Income Inequality James Davies and Anthony Shorrocks 13 September 2018 Has inequality been increasing in recent years? Yes/no Has inequality been increasing in recent years? Economic variable:

Comparing Global Trends in Wealth and Income Inequality James Davies and Anthony Shorrocks 13 September 2018
Has inequality been increasing in recent years? Yes/no
Has inequality been increasing in recent years? • Economic variable: income, wealth, … • Area coverage: world, region, country, … • Time period: 1900-2018, 1960-2018, 2000- 2018, … • Inequality measure: Gini, top 10%, top 1%, mean/median
Objective To compare global inequality trends using two huge synthetic data sets: Wealth sample for each country and year 2000-2017 • wealth = real property + financial assets – debts • compared across countries using official exchange rates • comparisons for adults • top tail adjustment for missing wealth Income sample for each country and year 1960-2015 • Income = net household income per capita (alt: gross income, consumption) • compared across countries using official exchange rates (alt: PPP) • comparisons for individuals • no top tail adjustment (yet)
Comparison 2015: World net income net wealth per capita per adult mean 10,228 52,275 median 2,772 3,596 Gini 73.3 91.2 top 10% 61.5 87.1 top 1% 20.4 49.2
Income Inequality
Wealth Inequality

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