Global inequality recalculated: the effect of new 2005 PPP estimates on global inequality

Branko Milanovic

No 5061, Policy Research Working Paper Series from The World Bank

Abstract: 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.

Keywords: Inequality; Poverty Impact Evaluation; Emerging Markets; Equity and Development; Economic Theory&Research (search for similar items in EconPapers)
Date: 2009-09-01
New Economics Papers: this item is included in nep-cwa and nep-dev
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Citations: View citations in EconPapers (31)

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Working Paper: Global inequality recalculated: The effect of new 2005 PPP estimates on global inequality (2009)
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