Cross – country dynamics in income inequality: Where do we stand?

Thi Hong Hanh Pham ()
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Thi Hong Hanh Pham: LEMNA, Nantes University

Economics Bulletin, 2024, vol. 44, issue 4, 1378 - 1389

Abstract: The present paper explores the cross-country dynamics in income inequality using the WID dataset over the period 1980 – 2022. Employing the Markov chain transition matrix and a set of mobility indices, we find evidence of a very weak transition of countries among different states of income inequality. Furthermore, many countries have been caught in a low-equality trap and escaping from this trap is a low probability proposition. Lastly, the convergence towards the same state of income equality has been still an unachieved goal ever short – or long-runs.

Keywords: Income inequality; Markov chain transition matrix (search for similar items in EconPapers)
JEL-codes: D3 O1 (search for similar items in EconPapers)
Date: 2024-12-30
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