Income Inequality: Difference between revisions
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=Discussion= | |||
It appears that even though an increasingly smaller number of billionaires owns as much wealth as the bottom 50% of the population, the Gini Index is improving. Does that mean that the Gini Index is fundamentally flawed? Not necessarily. It can mean that the 'size of the pie is inreasing.' | |||
=Gini Coefficient is Decreasing (Inequality is decreasing) in Recent Years?= | =Gini Coefficient is Decreasing (Inequality is decreasing) in Recent Years?= | ||
Revision as of 16:06, 3 March 2018
Discussion
It appears that even though an increasingly smaller number of billionaires owns as much wealth as the bottom 50% of the population, the Gini Index is improving. Does that mean that the Gini Index is fundamentally flawed? Not necessarily. It can mean that the 'size of the pie is inreasing.'
Gini Coefficient is Decreasing (Inequality is decreasing) in Recent Years?
- Good paper by the World Bank showing that Gini has been improving since the 1990s - [1]
Number of Billionaires Is Increasing
Number of Billionaires Who Own as Much Wealth as the Bottom Half of the World
Links
- Gini Coefficient - Wikipedia [2]
- Milanovic, World Bank 2009 paper - [http://documents.worldbank.org/curated/en/389721468330911675/pdf/WPS5044.pdf