Cover Image

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...

Full description

Bibliographic Details
Main Author: Milanovic, Branko
Language:English
Published: 2012
Subjects:
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
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
Description
Summary: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.

Similar Items