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A new inequality estimate for urban India?: Using house prices to estimate inequality in Mumbai

Rongen Gerton

No 181, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

Abstract: This paper applies a novel inequality estimation method to household consumption expenditure in Mumbai, India.Since the richest households may be missing in survey data, this re-estimated inequality figure takes them into account by combining survey data with house price data. However, application of this method does not indicate that the survey-based Gini coefficient of 0.447 underestimates consumption inequality in Mumbai; none of the ten investigated scenarios yields a higher estimate.Further analyses are necessary to assess the robustness of estimates and the usefulness of applying this method to the whole of urban India.

Keywords: Economic inequality; House prices; Household consumption; Household income; Household survey (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-bec and nep-ure
Date: 2018
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