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Explore Wealth and Income Inequality in the World Wealth and Income Database

wid.world

1–10 of 248 posts

Re: Explore Wealth and Income Inequality in the World Wealth and Income Database

#2
This was shared by the New York Times regarding the revelations of the "Paradise Papers." For example, on this site you can explore global inequality - consider how recently the elite have had wealth growth rates nearly double that of the total wealth growth rate.

Re: Explore Wealth and Income Inequality in the World Wealth and Income Database

#6
For those not into (macro-)economics but willing to dabble some more, a few more sources included at the bottom.

Enough to last you a scientific lifetime. If your neural net gives meaningful predictions of how institutions, inequality and other measures predict or explain growth or well-being, contact your local Peter H. Lindert, Geoff Williamson or Daron Acemoglu. Know any (worldwide, historic) datasets on institutional arrangements: please comment!

There are a lot of open questions in economic history and many, many more worldwide datasets taking the long view available. Used to be more theory and (econo)metrics than data in growth economics, finally it is starting to come around. Thank the scientists taking the time to create those datasets. Not the easiest route, nor the quickest to tenure so it takes those special ones to take it up.

[1] http://gpih.ucdavis.edu/ - Income History Group at UC Davis

[2] http://www.rug.nl/ggdc/productivity/pwt/ - Penn World Table currently at Rijksuniversiteit Groningen

[3] https://data.worldbank.org/data-catalog/world-development-in... - World Development Indicators at The World Bank

[4] http://www.macrohistory.net/data/ - Jordà-Schularick-Taylor Macrohistory Database

Re: Explore Wealth and Income Inequality in the World Wealth and Income Database

#7

What does 'Income Equality' look like?

In the way the term is used here, income equality is (the inverse of) income inequality. More equal, less equal... it's a measure, not a state.

This is like asking what does wealth look like.

Re: Explore Wealth and Income Inequality in the World Wealth and Income Database

#9
Wealth inequality changed drastically between 1900 and now. According to the graph, in 1901, the U.K.'s top 1% controlled 73.8% of the nation's wealth. Today it's about 20%.

I wonder what factors caused that change. Wars and emigration maybe have something to do with it?

Re: Explore Wealth and Income Inequality in the World Wealth and Income Database

#10
post #5

What does 'Income Equality' look like?

Abolition of class. Democratic control over the means of production.

Exactly - and speaking of class here is further speculation on semantics of an equitable world system: as late as possible dynamic binding(real time adaptation for all actors), lexical scope (affinity groups), functions that provide utility for the masses rather than fragile hierarchies of turgid dominance(object oriented is the perfect description of our current economic and political structures. Beside how much cooler and arrogant does it sound to describe your political leaning as “functional”).
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