Cookies?
Library Header Image
LSE Research Online LSE Library Services

After the financial crisis: the evolution of the global income distribution between 2008 and 2013

Milanovic, Branko (2022) After the financial crisis: the evolution of the global income distribution between 2008 and 2013. Review of Income and Wealth, 68 (1). 43 - 73. ISSN 0034-6586

Full text not available from this repository.

Identification Number: 10.1111/roiw.12516

Abstract

Using the newly created, and in terms of coverage and detail, the most complete household income data from more than 130 countries, the paper analyzes the changes in the global income distribution between 2008 and 2013. This was the period of the global financial crisis and recovery. It is shown that global inequality continued to decline, largely due to China’s and India’s high growth rates that explain about two-thirds of the global Gini decrease between 2008 and 2013. Income growth of the global top 1 percent slowed significantly. The slowdown is present even after survey data are corrected for the likely underestimation of highest incomes.

Item Type: Article
Official URL: https://onlinelibrary.wiley.com/journal/14754991
Additional Information: © 2021 International Association for Research in Income and Wealth
Divisions: International Inequalities Institute
Subjects: H Social Sciences > HC Economic History and Conditions
JEL classification: D - Microeconomics > D3 - Distribution > D30 - General
D - Microeconomics > D3 - Distribution > D31 - Personal Income, Wealth, and Their Distributions
Date Deposited: 10 Mar 2022 10:30
Last Modified: 21 Mar 2022 10:51
URI: http://eprints.lse.ac.uk/id/eprint/114301

Actions (login required)

View Item View Item