Global Income Distribution: From the Fall of the Berlin Wall to the Great Recession

Global Income Distribution: From the Fall of the Berlin Wall to the Great Recession

Author: 
Lakner, Christoph
Publisher: 
World Bank
Date published: 
2016
Responsibility: 
Milanovic, Branko, jt. author
Journal Title: 
World Bank Economic Review
Source: 
World Bank Economic Review, Vol. 30, Issue 2, July 2016, pp. 203-232
Abstract: 

We present an improved panel database of national household surveys between 1988 and 2008. In 2008, the global Gini index is around 70.5%, having declined by approximately 2 Gini points. China graduated from the bottom ranks, changing a twin-peaked global income distribution to a single-peaked one and creating an important global "median" class. 90% of the fastest growing country-deciles are from Asia, while almost 90% of the worst performers are from mature economies. Another "winner" was the global top 1%. Hence the global growth incidence curve has a distinct supine S shape, with gains highest around the median and top.

Language: 

CITATION: Lakner, Christoph. Global Income Distribution: From the Fall of the Berlin Wall to the Great Recession . : World Bank , 2016. World Bank Economic Review, Vol. 30, Issue 2, July 2016, pp. 203-232 - Available at: http://library.au.int/global-income-distribution-fall-berlin-wall-great-recession