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Title:Perspectives on the World Income Distribution: Beyond Twin Peaks Towards Welfare Conclusions PDF Logo
Authors:Weisbrod, Julian
Vollmer, Sebastian
Holzmann, Hajo
Issue Date:2007
Series/Report no.:Proceedings of the German Development Economics Conference, Göttingen 2007 / Verein für Socialpolitik, Research Committee Development Economics 32
Abstract:This paper contributes towards the growing debate concerning the world distribution of income and its evolution over that past three to four decades. Our methodological approach is twofold. First, we formally test for the number of modes in a cross-sectional analysis where each country is represented by one observation. We contribute to existing studies with technical improvements of the testing procedure, enabling us to draw new conclusions, and an extension of the time horizon being analyzed. Second, we estimate a global distribution of income from national log-normal distributions of income, as well as a global distribution of log-income as a mixture of national normal distributions of log-income. From this distribution we obtain measures for global inequality and poverty as well as global growth incidence curves.
Subjects:Convergence
Silverman's test
non-parametric statistics
bimodal
global income distribution
poverty
inequality
growth incidence curves
JEL:F0
O0
C5
I3
Document Type:Conference Paper
Appears in Collections:Proceedings of the German Development Economics Conference, 2007 (Göttingen)

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