World Income Inequality Graph

In his post on inequality roser uses this graph to conclude.

World income inequality graph. One key problem with surveys however is that they are based upon self reporting and are well known to underestimate top incomes and top wealth shares. What distinguishes wid world s inequality data from the oecd the world bank or other inequality data providers. The bulk of the world population lives on very low incomes and the income distribution stretches out very far to the higher incomes at the right hand side of the chart. And incomes over 14 000 international are cut off as they would make this chart with a linear x axis unreadable.

In 2013 christoph lakner and branko milanovic published a graph quickly dubbed the elephant chart that depicts changes in income distribution across the world between 1988 and 2008. It is an astonishing image. Research in economics globalization and the rise of integrated world society. The the oecd or the world bank data portals rely for the most part on household surveys.

What happened to the inverted u. The income inequality curve in the last 100 years. Explore the latest data on poverty inequality and shared prosperity around the world. Animated global statistics that everyone can understand.

Historical top income inequality estimates are reconstructed from income tax records and for many countries these estimates give us insights into the evolution of inequality over more than 100 years. The poorer countries have caught up and world income inequality has declined hans rosling went further. Out of 91 economies for which data was available for 2012 2017 74 had positive shared prosperity meaning that growth was inclusive and the incomes of the poorest 40 percent of the population increased. The the oecd or the world bank data portals rely for the most part on household surveys.

Only few institutions provide inequality estimates and those who do so e g. Deterritorialization structural power and the endogenization of international society. There is no gap between the west and the rest between developed and developing between rich and poor he wrote in factfulness. This is not controversial.

This chart in contrast plots incomes on a linear x axis and thereby emphasizes how very high global inequality still is. Income disparities are so pronounced that america s top 10 percent now average more than nine times as much income as the bottom 90 percent according to data analyzed by uc berkeley economist emmanuel saez.