EconPapers    
Economics at your fingertips  
 

The Vast Majority Income (VMI): A New Measure of Global Inequality

Anwar Shaikh () and Amr Ragab

No 2007-02, SCEPA policy note series. from Schwartz Center for Economic Policy Analysis (SCEPA), The New School

Abstract: GDP per capita and the Human Development Index are acknowledged measures of development, but suffer from that fact that they are averages that conceal wide disparities in the overall population. As a result, it becomes necessary to either supplement these measures with information on distributional inequality or to directly adjust per capita income and other variables for distributional variations. What is needed, therefore, is a direct measure of the standard of living of the vast majority. In the paper on which this policy note is based, we develop a new measure called the Vast Majority Income (VMI).

Keywords: Development; Millenium; Foreign Aid; Inequality (search for similar items in EconPapers)
JEL-codes: D63 E21 H2 H30 (search for similar items in EconPapers)
Pages: 2 pages
Date: 2007-11
References: Add references at CitEc
Citations: View citations in EconPapers (2) Track citations by RSS feed

Downloads: (external link)
http://www.economicpolicyresearch.org/images/docs/ ... y%20Note%20Final.pdf (application/pdf)

Related works:
Working Paper: The Vast Majority Income (VMI): A New Measure of Global Inequality (2008) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:epa:cepapn:2007-02

Access Statistics for this paper

More papers in SCEPA policy note series. from Schwartz Center for Economic Policy Analysis (SCEPA), The New School Contact information at EDIRC.
Bibliographic data for series maintained by Bridget Fisher ().

 
Page updated 2022-06-22
Handle: RePEc:epa:cepapn:2007-02