What might explain today's conflicting narratives on global inequality?

Ravallion, Martin

doi:10.35188/unu-wider/2018/583-1

Cited by 11 publications

(9 citation statements)

References 56 publications

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“…See, for instance, a recent discussion about different views on global inequality inRavallion (2021) orGradín et al (2021b).…”

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confidence: 99%

Trends in global inequality using a new integrated dataset

Gradín¹

2021

WIDER Working Paper

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This paper presents preliminary evidence of the annual global income distribution since 1950 using a new integrated dataset that aggregates standardized country income distributions at the percentile level estimated from various sources in the World Income Inequality Database. I analyse the extent to which the main global inequality trends depend on specific distributive views, i.e. absolute or relative, or with more emphasis in specific parts of the distribution. The results show absolute inequality increasing almost continuously. Relative inequality has been clearly reduced in the long term but with most indices also showing a sharp decline since at least end of 1990s due to income differences between countries being narrowed. I also quantify the contribution of different countries and regions through changes in average income, in inequality or in population, showing that the main global trends are largely driven by the drastic changes experienced by China and India over these decade.

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“…See, for instance, a recent discussion about different views on global inequality inRavallion (2021) orGradín et al (2021b).…”

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confidence: 99%

Trends in global inequality using a new integrated dataset

Gradín¹

2021

WIDER Working Paper

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“…However, such a trend of income inequality is on an upward trajectory. The empirical study of Yaish and Gabay‐Egozi (2019) finds that in Israel, the earning gap among the ethnic group has been in ascending order, though the study of Ravallion (2018) says that overall income inequality in the international context is in descending direction in the recent years. Income inequality refers to economic inequality that reflects in political and social inequality too.…”

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confidence: 99%

How does economic growth impact on income inequality across ethnic groups in Malaysia?

Banna

Masud

Rodrigo

2020

Poverty & Public Policy

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This study aims to examine the impact of economic growth on income inequality in Malaysia with special attention to the distribution of income among different ethnic groups. Twofold methodologies have been used in this analysis. The primary methodology is descriptive in nature where tables, charts, and diagrams have been extracted from the specific sources for analysis. Second, this paper applies the Granger noncausality test to estimate the causality and also applies the ARDL (autoregressive distributed lag) regression model to see the shot-run and long-run dynamic relationship between economic growth and income inequality in the context of Malaysia using the data of 1970-2018 from the household income survey, World Development Indicators, and the Standardized World Income Inequality Database. Additionally, it deploys panel Granger noncausality and dynamic pool mean group regression for the robustness of the results. This study reveals that the income gap among ethnic groups has been narrowed; although, intra-ethnic income inequality is still very high, especially among Indians. The study further advises that income inequality does not Granger-cause economic growth; rather, economic growth does Granger-cause income inequality, and economic growth affects income inequality negatively, regardless of ethnicity, suggesting that economic growth significantly contributes to the reduction of income inequality in Malaysia. The paper concludes with a few policies which could significantly contribute to reducing

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“…Income and wealth inequalities potentially reduce identification and solidarity across social groups, and undermine the institutional framework underpinning cooperation (e.g., Bardhan et al, 2007;Dayton-Johnson and Bardhan, 2002). 2 When it comes to cooperation, many people have reciprocity preferences such that they are willing to contribute to the public 1 See Milanovic (2016), Piketty (2014) and Ravallion (2018). 2 There is also a body of work showing that ethnic or racial heterogeneity -by increasing social distance -leads to depletion of social capital (e.g., Alesina and La Ferrara, 2000;Alesina et al, 1999).…”

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confidence: 99%

Inequality, institutions and cooperation

Markussen

Sharma

Singhal

et al. 2021

European Economic Review

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We examine the effects of randomly introduced economic inequality on voluntary cooperation and whether this relationship is influenced by the quality of local institutions, as proxied by corruption. We use representative data from a large-scale lab-in-the-field public goods experiment with over 1,300 participants across rural Vietnam. Our results show that inequality adversely affects aggregate contributions, and this is on account of high endowment individuals contributing a significantly smaller share than those with low endowments. This negative effect of inequality on cooperation is exacerbated in high corruption environments. We find that corruption leads to more pessimistic beliefs about others' contributions in heterogeneous groups, and this is an important mechanism explaining our results. In doing so, we highlight the indirect costs of corruption that are understudied in the literature. These findings have implications for public policies aimed at resolving local collective action problems.

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What might explain today's conflicting narratives on global inequality?

Abstract: This study has been prepared within the UNU-WIDER project on 'Inequality in the giants'.

Cited by 11 publications

References 56 publications

Trends in global inequality using a new integrated dataset

Trends in global inequality using a new integrated dataset

How does economic growth impact on income inequality across ethnic groups in Malaysia?

Inequality, institutions and cooperation

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