Add to ORKGStandard ways of measuring real income are known to be inconsistent with consumer preferences. We provide preference-consistent estimates of real income, based on the income-specific price indices that are consistent with nonhomothetic preferences. We find that existing measures, such as Geary, GEKS and GAIA, create systematic biases: the poorer is a country, the more its income is overestimated by these measures. Consequently, international income inequality is underestimated by the same measures
We use aggregate GDP data and within-country income shares for the period 1970-1998 to assign a leve...
This paper investigates recent advances in our understanding of the global distribution of income, a...
Purchasing power-adjusted incomes applied in cross-country comparisons are measured with bias. This ...
Standard ways of measuring real income are known to be inconsistent with consumer preferences. We p...
Did global income inequality rise or fall over the last decades of the twentieth century? The answer...
Did global income inequality rise or fall over the last decades of the twentieth century? The answer...
In this paper, we review the recent literature on global interpersonal income inequality. While all ...
Increasing global interaction between economies over the last few decades has led to growing interes...
The issue of world income inequality has been debated widely in the literature. At issue is whether ...
Increasing global interaction between economies over the last few decades has led to growing interes...
The latest global survey on relative prices and income levels showed revisions to income levels that...
In the age of globalization, the question whether inequality in the world rose or fell down, is a ho...
Price-adjusted data on national incomes applied in cross-country compar- isons are measured with bia...
Using data for 113 countries covering the period 1980-2005 we show how international comparisons of ...
The latest global survey on relative prices and income levels, for the year 2011, showed changes to ...
We use aggregate GDP data and within-country income shares for the period 1970-1998 to assign a leve...
This paper investigates recent advances in our understanding of the global distribution of income, a...
Purchasing power-adjusted incomes applied in cross-country comparisons are measured with bias. This ...
Standard ways of measuring real income are known to be inconsistent with consumer preferences. We p...
Did global income inequality rise or fall over the last decades of the twentieth century? The answer...
Did global income inequality rise or fall over the last decades of the twentieth century? The answer...
In this paper, we review the recent literature on global interpersonal income inequality. While all ...
Increasing global interaction between economies over the last few decades has led to growing interes...
The issue of world income inequality has been debated widely in the literature. At issue is whether ...
Increasing global interaction between economies over the last few decades has led to growing interes...
The latest global survey on relative prices and income levels showed revisions to income levels that...
In the age of globalization, the question whether inequality in the world rose or fell down, is a ho...
Price-adjusted data on national incomes applied in cross-country compar- isons are measured with bia...
Using data for 113 countries covering the period 1980-2005 we show how international comparisons of ...
The latest global survey on relative prices and income levels, for the year 2011, showed changes to ...
We use aggregate GDP data and within-country income shares for the period 1970-1998 to assign a leve...
This paper investigates recent advances in our understanding of the global distribution of income, a...
Purchasing power-adjusted incomes applied in cross-country comparisons are measured with bias. This ...