In the media
Global income inequality down in relative terms, up in absolute sums - Oxford University reports on UNU-WIDER study
Oxford University reports on UNU-WIDER research found that during the last four decades global income inequality decreased substantially in relative terms, but increased markedly in absolute terms.
The study, published this week in the Review of Income and Wealth, shows that relative global inequality, measured by the Gini coefficient, which takes the value zero for the most equal society and one for the most unequal society, has declined steadily over the past few decades, from 0.739 in 1975 to 0.631 in 2010, driven primarily by declining inequality between countries arising from the extraordinary economic growth observed in fast developing countries, such as China and India. This trend has been achieved despite an increasing trend in inequality within countries. In contrast, absolute inequality, measured by the absolute Gini coefficient and depicted by the red line in the graph, has increased dramatically since the mid-1970s.
Read the article from Oxford University here.