Class or location? What explains the rising tide of absolute global income inequality during 1850-2010?

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dc.contributor.authorGoda, Thomas
dc.contributor.authorTorres, Alejandro
dc.coverage.spatialMedellín de: Lat: 06 15 00 N degrees minutes Lat: 6.2500 decimal degrees Long: 075 36 00 W degrees minutes Long: -75.6000 decimal degreeseng
dc.creator.emailatorres7@eafit.edu.cospa
dc.creator.emailtgoda@eafit.edu.cospa
dc.date.accessioned2015-03-25T20:11:26Z
dc.date.available2015-03-25T20:11:26Z
dc.date.issued2015-03-01
dc.description.abstractThis paper is the first to decompose absolute global income inequality into its within-country class and between-country location components. The estimates show that until 1970 locational income differences were the main driver of absolute global inequality, whereas its recent growth can be explained primarily by class differences. Nowadays, inequality between classes explains 70% of absolute global market inequality. Additional findings are that absolute income convergence between countries took place after 2005, that it is possible to reduce absolute inequality and to grow at the same time, and that of late within countries net inequality was growing faster than market inequality.eng
dc.identifier.jelD31
dc.identifier.jelD63
dc.identifier.jelO15
dc.identifier.urihttp://hdl.handle.net/10784/5131
dc.language.isoengeng
dc.publisherUniversidad EAFITspa
dc.publisher.departmentEscuela de Economía y Finanzasspa
dc.rights.accessrightsinfo:eu-repo/semantics/openAccesseng
dc.rights.localAcceso abiertospa
dc.subject.keywordAbsolute inequalityeng
dc.subject.keywordPersonal income distributioneng
dc.subject.keywordGlobal inequalityeng
dc.subject.keywordWithin-country inequalityeng
dc.subject.keywordBetween-country inequalityeng
dc.subject.keywordClasseng
dc.titleClass or location? What explains the rising tide of absolute global income inequality during 1850-2010?eng
dc.typeworkingPapereng
dc.typeinfo:eu-repo/semantics/workingPapereng
dc.type.hasVersiondrafteng
dc.type.localDocumento de trabajo de investigaciónspa

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