Work

Global Inequality Dynamics: New Findings from WID.world

Year: 2017

Type: report

Abstract: This paper presents new findings on global inequality dynamics from the World Wealth and Income Database (WID.world), with particular emphasis on the contrast between the trends observed in the United States, China, France, and the United Kingdom.We observe rising top income and wealth shares in nearly all countries in recent decades.But the magnitude of the increase varies substantially, thereby suggesting that different country-specific policies and institutions matter considerably.Long-run wealth inequality dynamics appear to be highly unstable.We stress the need for more democratic transparency on income and wealth dynamics and better access to administrative and financial data.

Source: National Bureau of Economic Research

DOI: 10.3386/w23119

Authors: Facundo Alvaredo, Lucas Chancel, Thomas Piketty, Emmanuel Saez, Gabriel Zucman

Institutions: National Bureau of Economic Research, Consejo Nacional de Investigaciones Científicas y Técnicas, University of Oxford, Paris School of Economics, University of California, Berkeley

Language: English

Topic: Income, Poverty, and Inequality

Subfield: Sociology and Political Science

Field: Social Sciences

Domain: Social Sciences

SDG: Reduced inequalities

Open Access status: green