Global Inequality and the Global Inequality Extraction Ratio : The Story of the Past Two Centuries

Global Inequality and the Global Inequality Extraction Ratio : The Story of the Past Two Centuries

Using social tables, the author makes an estimate of global inequality (inequality among world citizens) in the early 19th century. The analysis shows that the level and composition of global inequality have changed over the past two centuries. The...

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Bibliographic Details
Main Author: Milanovic, Branko
Format: Policy Research Working Paper
Language:English
Published: 2012
Subjects:
AVERAGE INCOME
AVERAGE INCOME LEVEL
AVERAGE INCOMES
BIASES
COUNTRY INEQUALITY
CPI
DEBT
DECREASING INEQUALITY
DEVELOPED COUNTRIES
DISTRIBUTION OF INCOME
DOWNWARD BIAS
ECONOMIC DEVELOPMENT
ECONOMIC PROGRESS
ECONOMIC RESEARCH
ECONOMIC REVIEW
FARMERS
GDP
GINI COEFFICIENT
GLOBAL INEQUALITY
GROWTH RATES
HIGH GROWTH
HIGH INEQUALITY
HISTORICAL DATA
HISTORICAL PERSPECTIVE
HOUSEHOLD INCOMES
HOUSEHOLD SURVEY DATA
HOUSEHOLD SURVEYS
HOUSEHOLDS
INCOME
INCOME DIFFERENCES
INCOME DISTRIBUTION
INCOME DISTRIBUTION DATA
INCOME DISTRIBUTIONS
INCOME INEQUALITY
INCOME LEVELS
INCOME SHARE
INCOMES
INDIVIDUAL COUNTRIES
INEQUALITIES
INEQUALITY
INEQUALITY DATA
INEQUALITY ESTIMATES
INEQUALITY INDEX
INTERNATIONAL BANK
INTERNATIONAL INEQUALITY
LABOR MARKET
LOW INCOME
MEAN INCOME
MEAN INCOMES
MERCHANT
MERCHANTS
OVERALL INEQUALITY
PER CAPITA INCOME
POLICY RESEARCH
POOR
POPULATION SHARE
POWER PARITY
PUBLIC POLICY
PURCHASING POWER
PURCHASING POWER PARITY
REAL GROWTH
SOCIAL CLASS
SOCIAL CLASSES
SOURCE OF INFORMATION
TOTAL INEQUALITY
WAR
WORLD INCOME INEQUALITY
Online Access:http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20090909092401
http://hdl.handle.net/10986/4237
Description
Summary:Using social tables, the author makes an estimate of global inequality (inequality among world citizens) in the early 19th century. The analysis shows that the level and composition of global inequality have changed over the past two centuries. The level has increased, reaching a high plateau around the 1950s, and the main determinants of global inequality have become differences in mean country incomes rather than inequalities within nations. The inequality extraction ratio (the percentage of total inequality that was extracted by global elites) has remained surprisingly stable, at around 70 percent of the maximum global Gini, during the past 100 years.

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