Global Inequality and Policy
Saturday, Jan. 6, 2018 10:15 AM - 12:15 PM
- Chair: Emmanuel Saez, University of California-Berkeley
From Communism to Capitalism: Private Versus Public Property and Inequality in China and Russia
AbstractThis paper combines national accounts, survey, wealth and fiscal data (including recently released tax data on high-income taxpayers) in order to provide consistent series on the accumulation and distribution of income and wealth in China and Russia over the 1978-2015 period. We contrast the different speed and magnitude of privatization observed in the two countries and relate these findings to the differences in inequality levels.
Applying Generalized Pareto Curves to Inequality Analysis
AbstractA generalized Pareto curve is defined as the curve of inverted Pareto coefficients b(p), where b(p) is the ratio between average income or wealth above rank p and the p-th quantile Q(p). This paper presents and discuss how this concept can be a useful tool to analyze the dynamics of the wealth and income distributions, using data for France and Spain.
Extreme Inequality: Evidence From Brazil, India, the Middle-East, and South Africa
AbstractThis paper presents new findings about inequality dynamics in Brazil, India, the Middle East and South Africa from the World Wealth and Income Database (WID.world). We combine available tax data, household surveys and national accounts to produce estimates of the distribution of personal income, using concepts coherent with macroeconomic national accounts. We document an extreme level of inequality in these countries, with top 1% income shares above 20% and top 10% income share above 50% of national income. We discuss the diversity of national contexts underlying the trends and levels observed, including racial or territorial discrimination in Brazil and South Africa, deregulation policies in India and concentration of oil resources in the Middle East.
- E0 - General
- H1 - Structure and Scope of Government