Measuring the Evolution of Inequality in the Global Economy

INEQUALITY AND INDUSTRIAL CHANGE: A GLOBAL VIEW, Chapter 8, James K. Galbraith and Maureen Berner, eds., Cambridge University Press, 2001

15 Pages Posted: 14 Jun 2000 Last revised: 25 Apr 2011

James K. Galbraith

University of Texas at Austin - Lyndon B. Johnson School of Public Affairs; Levy Economics Institute of Bard College

Jiaqing "Jack" Lu

Intellectual Property Market Advisory Partners(IPMAP), LLC

William A. Darity Jr.

University of North Carolina (UNC) at Chapel Hill - Department of Economics; Duke University - Department of Economics

Date Written: January 1, 1999

Abstract

This paper provides a summary of information in the UTIP data set on the evolution of industrial earnings inequality in the global economy. At present the data set covers 66 countries, with annual observations going back to 1972 in most cases and to 1963 in many. Our measure of changing inequality, based on the group-wise decomposition of the Theil statistic across industrial categories, appears to be a sensitive barometer of political and economic conditions in many countries, and the percentage change in this index appears to be meaningfully comparable across countries. We also measure and detect regional patterns of similarity in the movement of inequality through time.

JEL Classification: O15

Suggested Citation

Galbraith, James K. and Lu, Jiaqing "Jack" and Darity, William A., Measuring the Evolution of Inequality in the Global Economy (January 1, 1999). INEQUALITY AND INDUSTRIAL CHANGE: A GLOBAL VIEW, Chapter 8, James K. Galbraith and Maureen Berner, eds., Cambridge University Press, 2001. Available at SSRN: https://ssrn.com/abstract=228679 or http://dx.doi.org/10.2139/ssrn.228679

James K. Galbraith

University of Texas at Austin - Lyndon B. Johnson School of Public Affairs ( email )

2300 Red River St., Stop E2700
PO Box Y
Austin, TX 78713
United States
512-471-1244 (Phone)

Levy Economics Institute of Bard College

Blithewood
Annandale-on-Hudson, NY 12504
United States
845-758-7700 (Phone)
845-758-1149 (Fax)

Jiaqing "Jack" Lu

Intellectual Property Market Advisory Partners(IPMAP), LLC ( email )

13785 Research Blvd,
Suite 125
Austin, TX 78750
United States
(512)238-3088 (Phone)

HOME PAGE: http://www.ipmapllc.com

William A. Darity Jr. (Contact Author)

University of North Carolina (UNC) at Chapel Hill - Department of Economics ( email )

Chapel Hill, NC 27599
United States
919-966-5392 (Phone)

Duke University - Department of Economics ( email )

213 Social Sciences Building
Box 90097
Durham, NC 27708-0204
United States

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