Tag: GINI Coefficient
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How sexual equality increases income inequality
Economist: How sexual equality increases income inequality The economist has an excellent presentation (less than two minutes) on how assortative mating has influenced income inequality. This closing chart sums it up. Fifty years ago, there weren't many well-educated women with high earning potential. In fact, the percentage of adults with college degrees in 1960 (overwhelmingly…
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How Unequal Are We Compared to Other Nations?
Tim Worstall has an interesting piece about income inequality in Fortune, The Amazing Thing About American Inequality: How Equal The Country Is. Here are some of his observations. Remember that for the GINI index, 0 = perfect equality, and 1 (sometimes 100) equals perfect inequality: Census has just released the figures on income inequality in…
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The rich and the rest
The Economist: The rich and the rest What to do (and not do) about inequality. … In fact, much of the recent hand-wringing about widening inequality is based on sloppy thinking. The old Davos consensus of boosting growth and combating poverty is still a better guide to good policy. Rather than a sweeping assault on…
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Growing Poverty and Inequality?
One of the most persistent claims I repeatedly hear is about the injustice of growing global poverty and inequality. I've linked some of the graphs below before, but I thought it might be good to remind us of what has happened over the past forty years. From Parametric estimations of the world distribution of income.…
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“African Poverty is Falling…Much Faster Than You Think!” – Xavier Sala-i-Martin, Maxim Pinkovskiy
National Bureau of Economic Research: African Poverty is Falling…Much Faster Than You Think! Abstract The conventional wisdom that Africa is not reducing poverty is wrong. Using the methodology of Pinkovskiy and Sala-i-Martin (2009), we estimate income distributions, poverty rates, and inequality and welfare indices for African countries for the period 1970-2006. We show that: (1)…
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Parametric estimations of the world distribution of income
Vox: Parametric estimations of the world distribution of income You can purchase the article the linked post reviews from the National Bureau of Economic Research for $5. Maxim Pinkovskiy, Xavier Sala-i-Martin, Parametric estimations of the world distribution of income. World poverty is falling. This column presents new estimates of the world’s income distribution and suggests…
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Half the nation, a hundred million citizens strong
Economist: Half the nation, a hundred million citizens strong What the middle class plans to do with its money—and its votes. EVER since it was first spotted amid the factory smoke of western Europe’s industrialising nations, the middle class has borne the hopes for progress of politicians, economists and shopkeepers alike. It remains hard to…